Minal Industries Ltd — Important, 04-06-2026: Company Update

Minal Industries' board approved financial results for the quarter and financial year ended March 31, 2026, and appointed new internal auditors. The Company Secretary resigned. Auditors issued an unmodified opinion on the financials but highlighted significant concerns: accumulated losses of 22.17 Cr, overdue loans of 14.65 Cr with no recovery efforts, and a disclaimer on internal financial controls. They also noted poor fixed asset records, cash losses of 0.23 Cr for the year, and a past 4.09 Cr write-off from a wound-up subsidiary.