Procal Electronics India Ltd — Important, 11-06-2026: Company Update

Procal Electronics' auditors issued an adverse opinion on the financial results for the year ended March 31, 2026, citing significant issues. These include the company's impaired going concern status due to eroded net worth and lack of operations. Assets worth around 0.49 Cr were sold by Canara Bank, but critical supporting documents for this sale, inventory, property, and various accounting adjustments were unavailable for verification. The company recently resubmitted the audit qualification statement in a correct format, confirming no changes to the actual financial results or auditor's report.