Un Audited financial results for the quarter ended 30th June 2025 and taken a note of limited liability report submitted by. The auditor
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AJEL Limited reported Q1 FY26 standalone revenue from operations of ₹100.07 lakhs (vs ₹97.14 lakhs in Q1 FY25) and a loss after tax of ₹16.38 lakhs (vs a loss of ₹59.60 lakhs). Consolidated revenue came in at ₹326.28 lakhs (vs ₹295.93 lakhs) with a sharply narrower loss of ₹4.72 lakhs (vs ₹55.58 lakhs). The auditor, GMK & Co LLP, issued a limited review report with an unmodified opinion but highlighted several serious concerns: a ₹5 crore Bank of Maharashtra loan declared NPA since October 2024, inability to verify trade payables and receivables balances, ₹85.96 lakhs in unrecovered long-term advances with uncertain recoverability, ₹105.01 lakhs of equity investments whose share certificates could not be verified, unpaid statutory and employee dues, and no depreciation calculated for the quarter. The auditor specifically flagged concerns about the company's 'overall financial stability.'
While headline losses narrowed meaningfully on both standalone and consolidated bases, the auditor's extensive emphasis-of-matter points — particularly the NPA loan, unpaid statutory dues, and unrecoverable advances — point to deep liquidity and going-concern stress that retail investors should weigh carefully despite the improving loss trajectory.