The Polycon International Limited has informed that Board has interalia approved the Standalone Financial Results for the Quarter and Year ended on 31-03-2026 in its meeting held on 29-05-2026.
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Polycon International Ltd's Board approved audited standalone financial results for the quarter and year ended March 31, 2026. Total assets stood at Rs 4265.33 Lakhs (down from Rs 4347.46 Lakhs in FY25). Total equity dropped sharply to Rs 110.51 Lakhs from Rs 398.12 Lakhs in the prior year, reflecting a significant deterioration in the company's financial position. Other equity turned deeply negative at Rs (433.04) Lakhs versus Rs (145.43) Lakhs previously. Non-current liabilities including borrowings of Rs 2634.83 Lakhs remain substantial. S.R. Goyal & Co. issued an unmodified (clean) audit opinion on the financial statements. The Board meeting lasted from 4:00 PM to 7:15 PM.
The sharp decline in equity and deeply negative other equity signal serious financial stress. Shareholders should be cautious as the company's net worth has eroded significantly, raising questions about its ability to sustain operations without strategic intervention.