Procal Electronics India Limited reported a complete absence of revenue generation in its standalone financial results for the quarter ended June 30, 2026. The company logged zero income from operations, continuing a pattern of no operational turnover seen in the preceding fiscal year-end quarter. Consequently, the firm reported a net loss of ₹1.31 lakh after tax and exceptional items.

The loss widened compared to the corresponding quarter of the previous financial year, where the company reported a net loss of ₹1.16 lakh on similarly nil revenue. For the full fiscal year ended March 31, 2026, Procal Electronics reported a cumulative net loss of ₹4.12 lakh.

Financial Performance

The company's total expenses for the quarter under review amounted to ₹1.31 lakh, slightly higher than the ₹1.16 lakh incurred in the same period last year. With no offsetting revenue, these operational costs directly translated into the reported bottom-line loss. The earnings per share (EPS) both basic and diluted stood at -₹0.04.

What the Numbers Show

The data reveals a stark divergence between the quarterly and annual expense structures. While quarterly expenses remained contained at ₹1.31 lakh, the full-year expenses for FY26 reached ₹116.80 lakh. This indicates that the majority of the company's annual costs were incurred in quarters other than the one just reported, or that significant non-recurring costs impacted the full-year figure, despite the consistent lack of revenue across all periods shown.

The Board of Directors approved the unaudited standalone and consolidated financial results in a meeting held on August 14, 2026. The results have been reviewed by the audit committee and filed with the stock exchanges in compliance with Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015.

Procal Electronics India Limited shareholders unanimously approved the appointment of M/s SSRV & Associates, Chartered Accountants, as the company’s statutory auditor. The resolution was passed via electronic voting during an Extra-Ordinary General Meeting (EOGM) held on August 3, 2026, with 555,227 votes cast in favor and zero votes against.

The meeting was conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM) from 12:00 P.M. to 12:06 P.M. A total of 23 members attended the session, comprising one promoter and 22 public shareholders. The Board of Directors included Mahendra Kumar Bothra, Managing Director, and Pradeep Kumar Kothari, Independent Director. M/s Nitesh Chaudhary & Associates served as the scrutinizer for the e-voting process.

Voting Results

The voting eligibility was determined based on a record date of July 27, 2026. Remote e-voting was active from July 31, 2026, at 09:00 A.M. to August 2, 2026, at 05:00 P.M. Eleven members cast their votes through remote e-voting, while no votes were cast during the live EOGM session. The promoter group, holding 1,255,877 shares, contributed 532,200 votes (42.38% of outstanding shares), all in favor. Public non-institutional shareholders, holding 2,244,123 shares, cast 23,027 votes (1.03% of outstanding shares), also entirely in favor.

Scrutinizer Report

Nitesh Chaudhary, Proprietor of Nitesh Chaudhary & Associates (FRN: S2020MH721600), confirmed that the requisite quorum under Section 103 of the Companies Act, 2013 was present. He noted that physical attendance was dispensed with per MCA circulars, and proxy appointments were not available. The scrutinizer verified that remote e-voting results were prioritized for members who voted both remotely and during the live session, ensuring compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014.

The company submitted the voting results and scrutinizer report to BSE Limited in accordance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No invalid votes were recorded, and no queries were raised by shareholders during the meeting.