Pan Electronics India Ltd — Board Meeting, 29-05-2025: Board Meeting

Pan Electronics (India) Ltd has announced a board meeting outcome approving the audited financial results for the quarter and year ended March 31, 2025. The statutory auditors issued a modified opinion citing non-compliance with Indian Accounting Standards related to leases (IND AS 116), financial instruments (IND AS 109), and revenue recognition (IND AS 115), due to data and system limitations preventing quantification of the impact. The company appointed M/s Sundararajan and Harish as internal auditors and Mr. Vivek Bhat as secretarial auditor, subject to shareholder approval. The company reported a net loss of ₹37.43 Cr with earnings per share at a negative ₹9.36. Despite the audit qualifications, internal financial controls were deemed adequate and effective. The management is committed to addressing these compliance gaps.