Please find attached herewith Unaudited Financial results of the Company for the quarter and Nine months ended 31st December, 2025 (copy enclosed) Independent Auditor's review report ....
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The Board of Directors of Elango Industries Ltd approved the unaudited financial results for the quarter and nine months ended 31st December 2025 at its meeting held on 13th February 2026. Revenue from operations for Q3 FY26 stood at Rs. 2.52 lakhs, sharply lower than Rs. 90.32 lakhs in the preceding quarter and Rs. 23.71 lakhs in Q3 FY25. For the nine months ended December 2025, revenue was Rs. 94.82 lakhs (vs Rs. 95.92 lakhs in 9M FY25), with a net loss of Rs. 8.34 lakhs, though this was narrower than the Rs. 16.17 lakh loss in the year-ago period. The company reported negative reserves of Rs. 13.27 lakhs as of 31st December 2025. The Independent Auditor issued a Qualified Conclusion flagging Rs. 1.10 crore (Rs. 1,09,96,636) in electricity subsidy receivable pending for a long period, the recoverability of which auditors could not confirm. This qualification has been repetitive and continuing since March 2022.
The persistent qualified audit opinion on a Rs. 1.10 crore subsidy receivable, combined with negative reserves and a very small, erratic revenue base, signals financial fragility and is a negative factor for shareholder confidence. Investors should track whether management is able to recover the subsidy or if the qualification persists further.