The Board of Directors of the Company. Please note that the Board of Directors in their meeting held today, have taken on record the Unaudited Financial Results for the quarter ended on ....
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Awaiting price reaction for this filing.
Promact Plastics (formerly Promact Impex) reported revenue from operations of just Rs 0.55 lakh in Q3 FY26, down sharply from Rs 33.54 lakh in the same quarter last year — a near 98% year-on-year collapse. Nine-month revenue fell to Rs 16.14 lakh from Rs 57.77 lakh earlier. The company posted a loss of Rs 21.30 lakh for the quarter and Rs 47.64 lakh for nine months, against a small profit of Rs 15.17 lakh in Q3 FY25. Total expenses stood at Rs 23.08 lakh in Q3, with finance costs alone of Rs 12.62 lakh and employee costs of Rs 2.33 lakh, far exceeding revenue. Reserves remain deeply negative at Rs -833.94 lakh, indicating accumulated losses have wiped out net worth well beyond the share capital of Rs 651.18 lakh. Loss per share for nine months was Rs -0.73.
This is a deeply negative update for shareholders — revenue has nearly dried up while fixed costs continue to bleed the company, widening losses. With negative reserves and no meaningful top line, the stock is likely to face continued selling pressure and higher risk perception.