Procal Electronics India Ltd — Important, 31-03-2026: Company Update

Procal Electronics' board approved key financial and operational changes. Canara Bank took over and sold the company's immovable and movable assets and inventory via e-auction as part of recovery proceedings. The board also sanctioned writing off several long-standing unrecoverable or unpayable debit and credit balances to accurately reflect the financial position. Additionally, the company will re-group and reclassify various accounts to align its financial records and improve financial clarity for stakeholders.