Results-Audited Financials Result for the Financial Year ended March 31st, 2026 along with Auditors Report thereon.
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Promact Plastics Ltd reported a massive 82% decline in revenue from operations to Rs. 16.14 lakh for FY2025-26, down from Rs. 91.43 lakh in the previous year. The company swung from a profit of Rs. 12.56 lakh in FY2024-25 to a net loss of Rs. 72.42 lakh in FY2025-26. The balance sheet shows significant concerns with negative total equity of Rs. 255.18 lakh and negative reserves of Rs. 906.36 lakh. Current liabilities of Rs. 943.37 lakh far exceed current assets of Rs. 511.74 lakh. The statutory auditors issued an unmodified (clean) opinion, though they included an Emphasis of Matter regarding one-time expenses and advances related to immovable property. The company also appointed new secretarial auditors to fill a vacancy caused by the resignation of the previous firm.
The company is in severe financial distress with negative equity and declining revenues. Shareholders should be cautious as the company may face going concern issues despite the clean audit opinion.