The Board of Directors in their meeting held today have approved the Audited Standalone Financial Results for the financial year 2025-26 ended on 31st March, 2026.Pursuant to Regulation ....
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Promact Plastics Limited reported a dramatic 82% decline in revenue from operations to Rs. 16.14 lakh in FY 2025-26, down from Rs. 91.43 lakh in the previous year. The company swung to a net loss of Rs. 72.42 lakh compared to a profit of Rs. 12.56 lakh in FY 2024-25. The balance sheet shows negative net worth of Rs. 255.18 lakh, with accumulated losses (reserves) of Rs. 906.36 lakh. Current borrowings were significantly reduced to Rs. 54.55 lakh from Rs. 410.99 lakh. Statutory auditors issued an unmodified (clean) opinion, though the audit report includes 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 a resignation.
The company is facing severe financial stress with near-zero revenue, mounting losses, and negative net worth. Despite a clean audit opinion, the significant decline in business and negative shareholders' equity are red flags for investors. The stock is likely to remain under pressure.