This is to intimate that the Board of Directors of the Company at its Meeting held on 28th May, 2026 at the registered office of the Company have inter alia: 1. Considered and approved ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Elango Industries Limited reported audited financial results for FY 2025-26 ending 31st March 2026. Total revenue dropped significantly to Rs. 23.98 Lakhs from Rs. 95.92 Lakhs in the previous year (approximately 75% decline). The company reported a net loss of Rs. 13.55 Lakhs, though this is an improvement from the previous year's loss of Rs. 21.69 Lakhs. The statutory auditors issued a Qualified Opinion due to Rs. 1.09 crore in electricity subsidy receivable that has been pending for a long period, with auditors unable to confirm its recoverability due to inadequate information. This qualification has been repeating since March 2022. The board also approved appointment of M/s B. Panneer & Co as internal auditor for FY 2026-27 and the 37th AGM draft notice.
The qualified audit opinion and significant revenue decline signal ongoing business challenges. Shareholders should note the company's continued losses, negative reserves of Rs. 18.48 Lakhs, and auditors' concerns about a large pending subsidy that may not be recoverable.