Supreme Engineering Q3FY26: Marginal Profit, Negative Net Worth, Going Concern Doubt
Supreme Engineering reported a marginal profit for Q3FY26, with the quarter and nine months ending December 31, 2025. Despite this, the company faces a negative net worth and doubts about its going concern ability due to significant liabilities. Management is pursuing loan restructuring and other financial measures.
The announcement details serious financial distress, including a negative net worth and uncertainty about the company's ability to continue operations, which has a high impact on stakeholders.
The company reported a marginal profit but highlighted a negative net worth and significant doubts about its ability to continue as a going concern, alongside numerous compliance and financial issues.
Supreme Engineering Limited announced the outcome of its Board Meeting held on February 13, 2026. The Board considered and approved the Un-audited Standalone Financial Results for the third quarter and nine months ended December 31, 2025.
The Board Meeting commenced at 3:45 p.m. and concluded at 04:15 p.m. The financial results indicate a marginal profit for the quarter ended December 31, 2025. However, the company's current liabilities exceed its total assets, resulting in a negative net worth. These conditions raise significant doubt about the company's ability to continue as a going concern.
The company is in the process of loan restructuring, exploring fund infusion, preferential allotment, and asset monetization options. They have deposited a preliminary amount with bankers and applied for a One Time Settlement Plan. The appropriateness of the going concern assumption is dependent on the successful implementation of these plans.
Additionally, the company has several pending issues including non-filing of tax audit reports for FY 2019-20 and FY 2020-21, unpaid statutory dues like TDS and PF, and a lack of a Company Secretary. The company also has long-outstanding trade receivables, payables, and borrowings, and has not conducted cost audits or internal audits for previous financial years. Ongoing litigations under Income Tax and GST laws are also noted.
What to do with a filing like this
Supreme Engineering Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Supreme Engineering Limited. Read the original for the full detail.