SEL Manufacturing Company Limited — Board Meeting, 14-02-2025: Outcome of Board Meeting

The Board of Directors of SEL Manufacturing Company Limited has approved the unaudited financial results for the quarter ended December 31, 2024. The total income from operations stood at ₹457.44 crore, while total expenses amounted to ₹4849.34 crore, leading to a pre-tax loss of ₹344 crore. The net loss for the period from continuing operations was ₹1598.71 crore. The company continues to face severe liquidity challenges, operating at a deficit and reliant on job work for revenue generation. Further, it has defaulted on significant loan repayments, heightening concerns over its ongoing viability.