With reference to the above cited subject we woulsd like to inform you that the Board of Directors of the Company in thier meeting held on 25-05-2026, have interalia considered and approved ....
PRAENG · price
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Prajay Engineers Syndicate Ltd reported FY2026 standalone revenue of Rs 2,305.82 lakhs, down 40% from Rs 3,846.52 lakhs in FY25. 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 in FY25) and consolidated net loss of Rs 1,874.82 lakhs (vs Rs 2,996.05 lakhs loss in FY25). While losses narrowed year-over-year, the company remains deeply unprofitable. Segment performance shows construction and development segment contributed only Rs 1,093.32 lakhs (standalone) versus Rs 2,889.71 lakhs previously. The auditors flagged Rs 4,317.53 lakhs in outstanding trade receivables (standalone) as uncertain of realization with Rs 947.81 lakhs written off as bad debts during the year. The company has ongoing arbitration with the Telangana Tourism Department and recently settled disputes with investor entities through NCLT mediation.
The stock is likely to face continued selling pressure due to persistent losses, significant revenue decline, and substantial doubtful receivables. Although losses improved, the company needs a clear turnaround plan. The pending arbitration and large write-offs create uncertainty around financial stability.