Dear sir, With reference to the subject and Your Email Dtd. 20.11.2025 regarding submission of Cash flow statement. We are attaching herewith Financial results for the Quarter & six Month ....
Awaiting price reaction for this filing.
Progrex Ventures Ltd reported zero revenue from operations for the second quarter and first half of FY26, with the company explicitly noting 'There is No Business Activities during this quarter.' Total income came only from 'other income' of Rs 0.20 lakh in Q2 FY26 and Rs 0.50 lakh in H1 FY26. The company posted a net loss of Rs 5.26 lakh in Q2 FY26 (vs Rs 1.95 lakh loss in Q2 FY25) and Rs 6.92 lakh in H1 FY26 (vs Rs 3.20 lakh loss in H1 FY25), showing widening losses. Cash flow from operations was negative at Rs -2.78 lakh, and the cash balance fell from Rs 7.75 lakh to Rs 4.97 lakh during the half year. Debt-equity ratio remains elevated at 1.50, with paid-up debt capital of Rs 360.44 lakh. The auditor issued an unmodified limited review report with no emphasis of matter.
For shareholders, this is a worrying update — the company appears dormant with no operating business, continuing to post losses and burn through cash reserves. The combination of zero revenue, mounting losses, and a high debt-equity ratio raises concerns about long-term viability, though a small cash buffer remains. Stock price impact is likely negative given the absence of any business activity or turnaround signals.