Prajay Engineers Syndicate Limited — Important, 09-11-2024: Financial Result Updates

Prajay Engineers Syndicate Limited has approved its unaudited financial results for the second quarter and half-year ended September 30, 2024. The results show a decline in revenue, with a notable loss across both standalone and consolidated financials. Key segments, including construction and hospitality, continue to face challenges due to slow customer realize. The company has also reported ongoing arbitration proceedings related to a lease agreement with the Government of Telangana.