Dear Sir/Madam, We wish to inform you that the Board of Directors of the Company at its meeting held today, has inter alia approved the followings: 1. Unaudited financial results for ....
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Awaiting price reaction for this filing.
PBA Infrastructure's board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations fell sharply to ₹686.49 lakhs from ₹1,244.88 lakhs in the same quarter last year — a drop of nearly 45%. The company swung to a net loss of ₹34.86 lakhs compared to a profit of ₹18.54 lakhs in Q1 FY25. The board also approved the 51st AGM notice for September 27, 2025, appointed JC & Associates as Secretarial Auditor for five years, and appointed Mr. Suresh Kumar Bothra (DIN: 01191661) as an Additional Executive Director for a five-year term. The auditor flagged a qualified opinion, noting that the company has ₹286.47 crores in overdue loans to consortium banks, is classified as a Non-Performing Asset (NPA) since January 2018, and that total outside liabilities (₹353.41 crores) exceed current assets — raising serious doubts about its ability to continue as a going concern.
This is a deeply negative filing for shareholders. Revenue is collapsing, the company is loss-making, its reserves are deeply negative (₹(12,826.25) lakhs), and bank lenders have moved to seize assets under SARFAESI. With a qualified audit opinion citing going-concern uncertainty and NPA status, the stock carries significant solvency risk and is likely to remain under pressure.