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 ....
PRAENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prajay Engineers Syndicate Ltd reported its audited financial results for FY ended March 2026. Standalone revenue declined to Rs 2,305.82 lakhs from Rs 3,846.52 lakhs in the previous year, while consolidated revenue fell to Rs 3,842.64 lakhs from Rs 5,745.54 lakhs. The company posted a standalone net loss of Rs 1,805.59 lakhs (vs Rs 1,930.16 lakhs loss) and consolidated loss of Rs 1,874.82 lakhs (vs Rs 2,996.05 lakhs loss). The loss narrowed year-on-year due to lower expenses. Key positive: The NCLT dispute with investor entities White Stock Limited and Belclare Limited has been resolved through mediation, with settlement filed and cases disposed. Ongoing concern: Arbitration with Telangana Government regarding golf resort lease continues. Auditors flagged Rs 4,317.53 lakhs in outstanding trade receivables (standalone) with uncertain realization, against which Rs 947.81 lakhs was written off as bad debts. The company raised Rs 418 lakhs via convertible warrants issue.
The stock may face pressure due to significant revenue decline and persistent losses. However, the resolution of the NCLT dispute removes a key legal overhang. The large outstanding receivables and write-offs indicate ongoing asset quality concerns in the construction segment.