Elango Industries Limited has announced its unaudited financial results for the first quarter ended June 30, 2025. The company reported a net loss of Rs. 4.89 lakhs for the quarter, as approved by its Board of Directors on August 13, 2025.

Key Financial Highlights

• Revenue from operations stood at Rs. 21.36 lakhs for Q1 FY2026
• Net loss reported at Rs. 4.89 lakhs
• Earnings per share (EPS) for the quarter was negative at Rs. (0.13)

Financial Position

• Equity share capital remained stable at Rs. 382.16 lakhs
• Other equity showed a negative balance of Rs. 9.83 lakhs, indicating accumulated losses

The company's performance reflects challenging market conditions, with revenue generation falling short of covering operational costs. The negative other equity balance suggests that Elango Industries has been facing financial difficulties over time.

Comparative Analysis

The quarter-on-quarter comparison shows a significant improvement in revenue from Rs. 1.09 lakhs in Q4 FY2025 to Rs. 21.36 lakhs in Q1 FY2026. Despite this increase, the company continued to report losses, albeit at a reduced level compared to the previous quarter and the same quarter last year.

The Board of Directors reviewed and approved these results at their meeting held on August 13, 2025. As per regulatory requirements, the financial results have been subjected to a limited review by the statutory auditors of the company.

Elango Industries Limited has published these results in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full detailed format of the financial results is available on the BSE website and the company's official website.

Investors and stakeholders are advised to review the complete financial statements and notes for a comprehensive understanding of the company's financial position and performance.

Elango Industries Limited , a Chennai-based company, has reported a reduction in net loss for the quarter ended June 30, 2025, alongside significant corporate governance updates and leadership changes.

Financial Performance

The company reported a net loss of Rs 4.89 lakhs for the quarter, an improvement from the Rs 9.59 lakhs loss recorded in the same period last year. Revenue from operations saw a substantial increase, rising to Rs 21.19 lakhs from Rs 4.32 lakhs year-over-year, indicating a positive trend in the company's core business activities.

Leadership Changes and Board Appointments

Elango Industries has made several key leadership changes:

1. Mr. S. Elangovan has been re-appointed as Managing Director for a five-year term from August 13, 2025, to August 12, 2030, subject to shareholder approval.

2. Mrs. Ashitha K has been appointed as an additional Independent, Non-Executive Women Director for a five-year term, effective August 13, 2025. She will also chair the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

3. Dr. M. Ramasamy's tenure as Independent Director concluded on June 28, 2025.

Auditor Appointments

The company has made several auditor appointments:

• Mr. S Ganesan appointed as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30)
• M/s. P Pattabiramen & Co re-appointed as Statutory Auditor for five years (FY 2025-26 to FY 2029-30)
• M/s. B. Panneer & Co appointed as Internal Auditor for FY 2025-26

All appointments are subject to shareholder approval at the forthcoming Annual General Meeting.

Audit Observations

The independent auditor's review report highlighted a qualified conclusion regarding a balance of Rs 1.09 crore under Loans & Advances, identified as an Electricity Subsidy receivable pending for an extended period. The auditors noted insufficient information to ascertain the recoverability of this balance, an issue persisting since March 2022.

In response, the company's management stated they are in the process of recovering the electricity subsidy and consider it recoverable, committing to take appropriate steps for its recovery.

Elango Industries continues to operate on a going concern basis, with its financial statements prepared accordingly. The company's board has approved these results and various corporate actions in its meeting held on August 13, 2025.

As the company navigates through its financial challenges and implements strategic changes in leadership and governance, stakeholders will be watching closely to see how these developments impact Elango Industries' future performance and market position.