Key Quantitative Figures

  • Net Loss for FY26: ₹13.55 lakhs (Year ended 31st March, 2026)
  • Net Loss for Q4 FY26: ₹5.21 lakhs (Quarter ended 31st March, 2026)
  • Total Revenue FY26: ₹23.98 lakhs
  • Total Expenses FY26: ₹37.39 lakhs
  • Earnings Per Share (Basic & Diluted) FY26: (₹0.36)
  • Total Assets as at 31st March 2026: ₹470.46 lakhs
  • Total Liabilities as at 31st March 2026: ₹470.46 lakhs
  • Net Worth as at 31st March 2026: ₹363.68 lakhs
  • Qualified Asset Amount: Electricity subsidy receivable of ₹1,09,96,636 (₹1.10 crore) under Other Non-Current Assets
  • Paid-up Equity Share Capital: ₹382.16 lakhs
  • Face Value per Equity Share: ₹10.00

Dates of Action

  • Board Meeting Date: 28th May, 2026
  • Meeting Duration: 3:30 PM to 5:00 PM
  • Financial Period Ended: 31st March, 2026
  • Auditor's Report Date: 28th May, 2026

Parties Involved

  • Statutory Auditors: M/s. P Pattabiramen & Co, Chartered Accountants (Firm Registration No. 002609S)
  • Audit Partner: Kavitha Umapathy (Membership No. 220626)
  • New Internal Auditor: M/s. B. Panneer & Co, Chartered Accountants (Firm Registration No. 011335S)
  • Company Secretary: Nitesh Kumar Sharma
  • Managing Director: C S Elangovan (DIN: 01725030)
  • Stock Exchange: BSE Limited

Financial and Operational Impact

  • The company reported a net loss of ₹13.55 lakhs for FY2025-26 and ₹5.21 lakhs for Q4 FY26.
  • The statutory auditors issued a qualified opinion specifically regarding the recoverability of electricity subsidy amounting to ₹1,09,96,636 classified under Other Non-Current Assets. Management believes it is recoverable but auditors could not verify due to lack of adequate information on its present status.
  • The impact of this qualification on the financial statements (Turnover, Total Expenditure, Net Profit/Loss, EPS, Total Assets, Total Liabilities, Net Worth) could not be quantified by the auditor or management.
  • The company has negative reserves of ₹(18.48) lakhs as of 31st March 2026.
  • Cash and cash equivalents were ₹0.09 lakhs as of 31st March 2026.

Capital Structure Impact

No change in share capital reported. Paid-up equity share capital remained constant at ₹382.16 lakhs.

Corporate Decisions and Appointments

  • The Board approved the appointment of M/s. B. Panneer & Co, Chartered Accountants as Internal Auditor for FY 2026-27.
  • The draft notice of the 37th Annual General Meeting (AGM) and the 37th draft Director's Report for FY 2025-26 were approved. The date of AGM and book closure will be intimated later.

Other Disclosures

  • The company confirmed no deviations or variations in the use of proceeds from its Initial Public Offer (IPO).
  • The company is exempt from compliance with certain corporate governance provisions, including Regulation 23(9) related to related party transaction disclosures, as its paid-up equity share capital (₹382.16 lakhs) does not exceed ₹10 crores and its net worth (₹363.68 lakhs) does not exceed ₹25 crores.
  • The financial results will be published in newspapers as per Regulation 47 and are available on the company's website www.elangoindustries.com.
  • The company has 16,61,950 shares of public shareholders still in physical form as of 31.03.2026.
  • The company has only three employees, and the potential impact of new Labour Codes on gratuity obligations is assessed as not material.