SEL Manufacturing Q2 loss widens, auditor flags going concern risk
SELMC · price
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SEL Manufacturing posted Q2 FY26 loss of Rs. 4,422 lakhs, H1 loss Rs. 8,526 lakhs vs Rs. 7,468 lakhs last year. Revenue fell to Rs. 1,106 lakhs from Rs. 2,551 lakhs. Auditor gave qualified opinion (no impairment test on plant) and flagged going concern doubts due to cumulative losses of Rs. 72,616 lakhs, unpaid debt installments and interest of Rs. 36,714 lakhs combined, and shareholders approving initiation of insolvency process.
Company faces severe financial distress with going concern doubts, insolvency process initiated, and continued heavy losses. High risk for shareholders.