SEL Manufacturing Company Limited announced its unaudited financial results for the quarter ended December 31, 2025, following a Board of Directors meeting held on February 7, 2026. The company reported a net loss of ₹4,074.91 lakhs for the quarter, compared to a loss of ₹1,598.72 lakhs in the same period last year. Total income from operations for the quarter stood at ₹209.49 lakhs, a significant decrease from ₹457.44 lakhs in the corresponding quarter of the previous year. The company's financial statements reveal a severe liquidity crisis and operational challenges. A substantial portion of the company's plants remained shut down during the quarter, forcing it to rely on job work for revenue. The auditor's report highlighted a qualified opinion due to the company's failure to conduct impairment testing on its Property, Plant & Equipment and Capital Work in Progress as per Ind AS 36. Furthermore, the report flagged a material uncertainty related to the company's ability to continue as a going concern, citing continuous losses, a significant shortfall in working capital infusion as per the resolution plan, and substantial defaults in debt and interest payments totaling ₹26,186 lakhs and ₹17,105 lakhs respectively. The company's cumulative losses have reached ₹76,691 lakhs. The shareholders had previously passed a resolution to initiate Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. The auditor's report indicates that the company may be unable to discharge its liabilities in the normal course of business unless concrete efforts are made to infuse funds and increase operational volume and profits.
