Pursuant to Regulation 30 and other applicable Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with reference to captioned subject, we wish to ....
Awaiting price reaction for this filing.
Clenon Enterprises Ltd (formerly G.R. Cables Ltd) held its Board meeting on May 30, 2026, approving both standalone and consolidated audited financial results for Q4 and full FY ended March 31, 2026. The company posted a net loss of ₹239.78 lakhs for FY2026, a steep deterioration from the prior year's loss of ₹70.85 lakhs. Total income for the year stood at ₹354.98 lakhs. The balance sheet reflects significant stress with negative Other Equity of ₹370.28 lakhs (equity share capital ₹1,094.03 lakhs). Cash and cash equivalents improved marginally to ₹175.78 lakhs from ₹167.16 lakhs year-over-year. The statutory auditors, TRM & Associates, issued an unmodified opinion on both sets of results. The meeting lasted from 17:30 IST to 19:15 IST.
The company is reporting deep financial losses with negative equity, raising serious going-concern risks. Despite an unmodified audit opinion, the balance sheet structure (negative equity of ₹370.28 lakhs) signals high distress for shareholders.