Pursuant to the Regulation 30 read with Part A of Schedule III and other Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform ....
Awaiting price reaction for this filing.
Pact Industries' Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at ₹537 lakhs, marginally lower than ₹543 lakhs in the same quarter last year, but significantly down from ₹650.54 lakhs in FY25. The company reported a net loss of ₹114.38 lakhs, though this is an improvement over the ₹479.19 lakhs loss in Q1 FY25. Reserves remain deeply negative at ₹(332.34) lakhs, meaning accumulated losses have wiped out shareholders' equity. Management flagged that the company's bank credit facility has been classified as a Non-Performing Asset (NPA), and inventory has been written down heavily to scrap value following a bank-conducted stock audit. The 32nd AGM is fixed for September 26, 2025, with e-voting cut-off on September 19, 2025. The statutory auditor (Sanjeev Raj & Associates) issued an unqualified limited review report.
Despite a smaller quarterly loss, the combination of negative reserves, an NPA-tagged bank facility, and stock being valued as scrap points to serious financial stress and possible going-concern risks. Shareholders should brace for continued uncertainty around the stock's value and the company's ability to continue operations without restructuring.