Prajay Engineers Syndicate Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

Prajay Engineers Syndicate has announced a board meeting on approving the financial results for the quarter and half-year. Consolidated revenue inched up to Rs 61.54 Cr from Rs 60.94 Cr, but losses deepened to Rs 29.96 Cr. The construction segment remains the main drag, posting a Rs 29 Cr loss, while hospitality continues under pressure. Net debt stays elevated at over Rs 171 Cr. Trade receivables stand at Rs 65.52 Cr, with provisions for doubtful debts. Arbitration cases related to leases and investor issues are ongoing, though some have been resolved. No dividends declared.