Submission of Annual Report for the FY 2024-25 along with the Notice of 33rd Annual General Meeting (AGM) of the Company under Regulation 34(1) & 30 of the SEBI (Listing Obligations and ....
Awaiting price reaction for this filing.
Procal Electronics India Ltd has submitted its 33rd Annual Report for FY 2024-25 along with the notice for its 33rd AGM, scheduled for 30th September 2025 at 11:30 AM via video conferencing. The company reported no business activity during the year, with gross income at nil and a net loss of Rs. 5,45,220, slightly wider than the previous year's loss of Rs. 5,15,932. The directors' report highlights serious compliance failures: the company's shares are currently suspended on BSE for non-payment of annual listing fees, its website is non-functional, and no Company Secretary or CFO has been appointed. The company is also marked as 'Active Non-Compliant' on the MCA portal due to non-filing of Form INC-22A and several delayed SEBI LODR submissions. A special business item proposes appointing Abhilasha Chaudhary & Associates as Secretarial Auditor for a five-year term covering FY 2025-26 to FY 2029-30.
This is a red-flag filing for shareholders — a non-operational company with mounting losses, BSE trading suspension, and multiple unresolved SEBI/MCA compliance lapses. Investors should treat this stock as high-risk, with meaningful delisting risk and no clear visibility on a business revival.