Intimation regarding appointment of Kashyap R. Mehta & Partners, Company Secretaries, Ahmedabad as Secretarial Auditors of the Company due to casual vacancy caused due to resignation of ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Promact Plastics Ltd reported a significant decline in FY 2025-26 performance with total income dropping to Rs 17.48 lakh from Rs 91.63 lakh in the previous year. The company posted a net loss of Rs 72.42 lakh compared to a profit of Rs 12.56 lakh in FY 2024-25. The company continues to face financial distress with negative equity of Rs 255.18 lakh as of March 2026. The board also approved appointment of Kashyap R. Mehta & Partners as secretarial auditors to fill a casual vacancy caused by the resignation of M/s Nishant Pandya & Associates. Statutory auditors issued an unmodified opinion on the financial statements.
The company is loss-making with negative net worth, indicating serious financial stress. The resignation of the secretarial auditor and subsequent replacement adds to governance concerns. Investors should be cautious as the company may face going concern issues.