Revised result for the financial year ended 31.03.2026
Awaiting price reaction for this filing.
Procal Electronics India Limited reported zero revenue from operations for FY 2025-26, with a net loss of Rs. 4.12 lakhs against other income of Rs. 114.48 lakhs. The company's net worth has been fully eroded and it has no active business operations. The manufacturing unit at Silvassa, along with inventories and fixed assets, was taken over and sold by Canara Bank under SARFAESI Act proceedings for approximately Rs. 49.07 lakh, which was adjusted against outstanding bank dues classified as NPA. The company's bank accounts were inoperative due to pending KYC compliance, and certain company expenses were incurred through directors' personal accounts. The auditors have issued an Adverse Opinion citing material uncertainty over going concern, inability to verify inventory, PPE, write-off/write-back entries, and trade balances due to lack of supporting documentation.
The adverse auditor opinion and going concern flag signal extreme financial distress. Shareholders should be aware the company is effectively non-operational with ongoing lender recovery proceedings and unresolved accounting issues, making the stock highly speculative and risky.