Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prag Bosimi Synthetics Ltd's Board meeting on May 29, 2026 approved audited financial results for FY 2025-26 showing a net loss of Rs. 1,080.42 Lakhs. The company has a negative net worth of Rs. 1,732.58 Lakhs as of March 31, 2026, indicating serious financial distress. M/s Bharat Sharoff and Co. was appointed as internal auditors for FY 2026-27. The statutory auditors (Rama K Gupta & Co.) issued an unmodified opinion but flagged a material uncertainty regarding going concern. Production remains suspended due to power disconnection. Cash losses amounted to Rs. 584.48 Lakhs in FY 2025-26 versus Rs. 736.11 Lakhs in the prior year. Unpaid interest on OCCD stands at Rs. 3,048.30 Lakhs.
The company is in severe financial distress with negative net worth and ongoing operational losses. The going concern flag from auditors is a significant red flag for shareholders. Appointment of new internal auditors may indicate enhanced monitoring but does not address the fundamental financial and operational challenges.