Panther Industrial Products reported a narrowed net loss of ₹23.06 lakh for the financial year ended March 31, 2026, compared to a loss of ₹45.76 lakh in the previous year. The company's total revenue for FY26 stood at ₹0.11 lakh, a sharp decline from ₹20.18 lakh in FY25, as per the audited standalone financial results submitted to the exchange.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026. M/s Rajesh H. Gupta & Co., Chartered Accountants, the statutory auditors, provided an audit report with an unmodified opinion on the results.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹7.91 lakh on total income of ₹0.11 lakh. Total expenditure for the quarter was ₹8.02 lakh, comprising operating and other expenses, communication costs, depreciation, and listing fees. The basic and diluted earnings per share (EPS) for the quarter were reported at (₹0.56).

Key Financial Metrics (FY26 vs FY25)

Auditor Observations and Corporate Developments

The statutory auditors noted that the company reflected a borrowing of ₹23.20 lakh in its financial statements, which is actually a liability for sales tax outstanding for more than 15 years. The auditors stated they were unable to determine whether adjustments were required due to insufficient audit evidence regarding the existence and completeness of these balances. Additionally, the company continued to carry investments at historical cost without appropriate fair valuation as per Ind AS 109 requirements.

The auditors further stated that the company is in the process of amalgamation with Shivang Edibles Oils Limited. The paid-up equity share capital remained unchanged at ₹140 lakh for the year ended March 31, 2026. Reserves excluding revaluation reserves stood at a negative balance of ₹41.91 lakh, widening from the negative balance of ₹18.85 lakh in the previous year.

Panther Industrial Products reported a net loss of ₹23.06 lakh for the financial year ended March 31, 2026, narrowing from a loss of ₹45.76 lakh in the previous year. The company’s standalone audited financial results for the quarter and year ended March 31, 2026, were approved by the Board of Directors on May 27, 2026. The audit report was submitted by M/s Rajesh H. Gupta & Co., Chartered Accountants, the statutory auditors.

Total income for the year stood at ₹0.11 lakh, a significant decline from ₹20.18 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net loss of ₹7.91 lakh compared to a loss of ₹5.10 lakh in the corresponding quarter of the previous year. Equity share capital remained unchanged at ₹140 lakh, while reserves excluding revaluation reserve were reported at a negative ₹41.91 lakh.

The independent auditor’s report confirmed that the standalone financial results present a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards. The audit was conducted in accordance with the Standards on Auditing specified under section 143(10) of the Companies Act, 2013.

However, the auditor drew attention to specific disclosures regarding the company’s financial position. A liability of sales amounting to ₹18,20,74,600 outstanding for more than 15 years was reflected in the accounts. In the absence of sufficient appropriate audit evidence regarding the existence and completeness of these balances, the auditor stated they were unable to determine whether any adjustments are required.

Additionally, the auditor noted that the company has continued to carry investments at historical cost or book value without appropriate fair valuation, as per the requirement of IAS 100. The absence of adequate valuation and supporting documentation prevented the auditor from determining the impact of such non-compliance. The company is currently in the process of amalgamation with Shivang Edibles Oils Limited.

Financial Summary