Dear sir, We are attaching herewith Quarterly Fianaincial Results For the Quarter ended on 30.06.2025 along with annexures & limited review report. Please take the same on Record. For ....
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Progrex Ventures Ltd (formerly Progressive Extractions & Exports Ltd) reported zero revenue from operations for Q1 FY26, with only ₹0.10 lakh of other income, same as the year-ago quarter (₹0.30 lakh). The company itself notes there is 'No Business Activities during this quarter.' Total expenses stood at ₹1.66 lakhs, leading to a net loss of ₹1.56 lakhs, wider than the ₹1.25 lakh loss in Q1 FY25. Paid-up debt capital is ₹360.44 lakhs against reserves of ₹373.10 lakhs, giving a debt-equity ratio of 1.5. The limited review report from Jain Dhureja & Co. is clean, with no qualifications and no emphasis of matter.
The company remains operationally dormant with no revenue and ongoing losses, which is a concern for shareholders. The high debt-equity ratio of 1.5 adds balance-sheet risk, though the clean auditor's report and stable reserves provide some cushion.