Pan India Corporation Limited reported a narrowed net loss of Rs 53.55 lakh for FY 2025-26, compared to Rs 394.14 lakh in the previous year. The company scheduled its Annual General Meeting for September 27, 2026, and announced a change in statutory auditors, appointing M/s P R P A & COMPANY LLP. While losses have decreased, the firm remains engaged in legal disputes regarding long-standing ROC fees of Rs 6.35 crore and minor historical tax demands, which shareholders should continue to monitor.
Pan India Corporation FY 2026 Results and Audit Update
Net Loss: Rs 53.55 Lakh (vs Rs 394.14 Lakh in FY25)
Total Income: Rs 1.41 Lakh (vs Rs 4.20 Lakh in FY25)
Reader Takeaway: Operating losses have reduced significantly, but the company faces a substantial Rs 6.35 crore legal contingency.
What just happened
Pan India Corporation released its annual financial performance, showing a significant narrowing of its net loss for the year ending March 31, 2026. The company also announced that its Annual General Meeting (AGM) will take place on September 27, 2026, via video conferencing. During this meeting, shareholders will vote on the appointment of M/s P R P A & COMPANY LLP as the new statutory auditors for a five-year term, following the resignation of R.C. Chaddha & Co. LLP due to professional pre-occupation.
Why this matters
While the reduction in losses indicates a contraction in expenditure, the company's financial health is overshadowed by historical liabilities. Investors are closely watching the outcome of a long-pending dispute regarding Registrar of Companies (ROC) fees dating back to the late 1990s. The company is currently challenging a liability of approximately Rs 6.35 crore in the Delhi High Court.
Risks to watch
The primary risk remains the ongoing litigation involving the ROC fees for capital increases from 1996 and 1998. Additionally, the company has outstanding income tax demands amounting to Rs 11.63 lakh for various assessment years between 1993 and 2009. Management is currently evaluating legal remedies, including filing appeals or rectification applications to address these demands.
Governance Updates
Beyond the auditor transition, the company has stabilized its compliance team with the appointment of Ms. Muskan Kaushal as Company Secretary and Compliance Officer, effective October 1, 2025. The company also addressed a minor compliance lapse, having paid a Rs 10,000 fine for the late submission of board meeting intimations as per SEBI regulations.