Outcome of Board Meeting dated May 30, 2026 for
Awaiting price reaction for this filing.
Prabhat Technologies reported a massive standalone net loss of Rs 3,921.63 lakh for FY26, compared to a loss of Rs 1,617.34 lakh in FY25. Revenue from operations collapsed to just Rs 0.02 lakh from Rs 99.86 lakh previously, though other income increased to Rs 399.02 lakh. The company is under Corporate Insolvency Resolution Process (CIRP), with the board's powers suspended and exercised by the Resolution Professional. Exceptional items of Rs 1,564.13 lakh relate to claims admitted under CIRP. The balance sheet shows negative equity of Rs 1,439.83 lakh (standalone) and Rs 1,533.33 lakh (consolidated), with financial creditors of Rs 4,000 lakh under the resolution plan. Consolidated results include subsidiary Prabhat Global Industries Pvt Ltd showing profit of Rs 110.68 lakh.
The company is in severe financial distress with negative equity and ongoing insolvency proceedings. Shareholders face extreme risk as the stock is likely illiquid and the resolution plan outcome remains uncertain. The auditors issued an unmodified opinion but highlighted material uncertainty about going concern.