Prajay Engineers Syndicate Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.Sub: Submission of Audited Financial Results (both Standalone and Consolidated) for the Quarter and Financial Year ended 31-03-2026 and Balance Sheet and Profit & Loss Account as on that date.Ref: Reg. 33 of SEBI (LODR) Regulations, 2015- With reference to the above cited subject, we would like to inform you that the Board of Directors of the Company in their meeting held on 25-05-2026, have inter-alia considered and approved the Audited Financial Results (both Standalone and Consolidated) for the Quarter and Financial Year ended 31-03-2026 and Balance Sheet and Profit & Loss Account as on that date.Hence, please find the following documents that are required to be submitted under Regulation 33 of SEBl (LODR) Regulations, 2015:1. Audited Standalone and Consolidated Financial Results of the Company for the 4th Quarter Ended and Financial Year Ended 31st March, 2026.2. A certified copy of Audit Report on Standalone Financial Results for the 4th Quarter Ended and Financial Year Ended 31st March, 2026 by the Statutory Auditors.3. A certified copy of Audit Report on Consolidated Financial Results for 4th Quarter Ended and Financial Year Ended 31st March, 2026 by the Statutory Auditors.The aforesaid results, duly reviewed by the Audit Committee, have been approved and taken on record by the Board of Directors at the just concluded Board Meeting held today i.e. on 25-05-2026.This is for your information and records.
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Prajay Engineers Syndicate Limited reported audited financial results for FY 2025-26. Standalone revenue declined sharply to Rs. 2,305.82 lakhs from Rs. 3,846.52 lakhs in the previous year, a drop of about 40%. The company continues to incur significant losses with standalone loss after tax of Rs. 1,805.59 lakhs (vs Rs. 1,930.16 lakhs loss in FY 2024-25). Consolidated loss after tax was Rs. 1,874.82 lakhs. The auditors issued an unmodified opinion. Key concerns include trade receivables of Rs. 4,317.53 lakhs (standalone) with Rs. 1,246.96 lakhs set aside as doubtful provision, and auditors unable to confirm their realizability. Ongoing legal disputes with investor entities were resolved via NCLT settlement, while arbitration with Telangana Tourism Department continues. The company raised Rs. 418 lakhs through convertible warrant issuance.
The company remains deeply loss-making with revenue declining significantly. Ongoing legal disputes and doubtful receivables create uncertainty. The unmodified audit opinion provides some comfort, but investors should monitor the resolution of arbitration proceedings and receivables realization.