Elango Industries Ltd — Results, 23-05-2025: Result

Elango Industries Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company reported total revenue of Rs. 95.92 lakhs for the year ended, with a net loss of Rs. 21.69 lakhs. Key expenses included purchase of stock-in-trade and employee benefits. The company’s net worth stood at Rs. 377.23 lakhs. The audit report carries a qualified opinion due to uncertainty over recoverability of a Rs. 1.10 Cr electricity subsidy receivable and outstanding balances with related parties undergoing insolvency resolution. Management is confident about recovery and considers the impact non-material. The company confirms no deviation in IPO proceeds usage and is exempt from related party transaction disclosures due to its size criteria.