Audited Standalone and Consolidated Financials Results for the Quarter and year Ended on March 31, 2026
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Prag Bosimi Synthetics reported a standalone net loss of Rs 1,080.42 Lakhs for FY2026, marginally improved from Rs 1,118.96 Lakhs loss in FY2025. Revenue from operations turned negative at Rs (49.96) Lakhs. The company's net worth stands deeply negative at Rs (1,732.58) Lakhs as on March 31, 2026, having turned negative since FY2024-25 due to accumulated losses. Production remains suspended due to power disconnection from APDCL, and the company is seeking revival. Cash losses for the year were Rs 58,448 thousand (vs Rs 73,611 thousand in prior year). Auditors issued unmodified opinion but highlighted material uncertainty about going concern due to negative net worth, working capital constraints, and reliance on promoter borrowings for day-to-day expenses.
The negative net worth, suspended operations, and going concern warnings indicate extreme financial distress. Shareholders face significant risk as the company depends on private promoter funds for survival. The stock carries high risk of delisting or restructuring.