SEL Manufacturing clarifies audit statement format deficiency filed with NSE
SELMC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SEL Manufacturing told NSE its Statement of Impact of Audit Qualifications for Q4 FY26 was not in the SEBI format and lacked the Audit Committee Chairperson's signature. Company has now filed the revised statement signed by Chairperson Meghna Mahendra Savla. Underlying results show a net loss of Rs. 16,787 lakhs for FY26, negative other equity of Rs. 43,271 lakhs, and a going concern flag. Major plants stayed shut, with loan defaults of about Rs. 30,872 lakhs.
Format compliance correction. Underlying financials show severe distress, with plant shutdowns, large losses, negative equity, and ongoing insolvency proceedings.