Outcome of Board Meeting held on 30/05/2026

PBA Infrastructure Ltd reported a massive loss of Rs 82.02 crore for FY 2025-26, a steep decline from profit of Rs 2.22 crore in FY 2024-25. Revenue dropped to Rs 233.53 lakh from Rs 364.47 lakh the prior year. The company's auditor issued a qualified opinion due to multiple concerns: loan defaults of Rs 214.59 crore with banks moving to take possession of secured assets under SARFASEI Act, classification as Non-Performing Asset by lenders since January 2018, uncertified work-in-progress claims of Rs 24.63 crore, and incomplete fixed asset records. The balance sheet shows negative equity of Rs 196.78 crore, indicating severe capital erosion. The auditors highlighted material uncertainty about the company's ability to continue as a going concern.