Progrex Ventures Annual Report FY 2025-26

Net Loss: Rs 14.39 Lakh | Deposit Default: Rs 4.95 Crore

Reader Takeaway: Operations remain suspended with no commercial revenue, while a significant corporate deposit faces recovery challenges.

What just happened

Progrex Ventures Ltd has published its Annual Report for the fiscal year 2025-26, disclosing a net loss of Rs 14.39 lakh. The company confirms that its core operations remain suspended, and it has disposed of its plant, machinery, and other fixed assets. Total income for the year dropped to Rs 0.45 lakh compared to Rs 0.90 lakh in the prior year.

Why this matters

The company is currently non-operational, with a shrinking asset base of Rs 83.85 lakh. A major point of concern for shareholders is a Rs 4.95 crore inter-corporate deposit placed with Betwa Realtors Private Limited, which has now defaulted. The company has ceased interest recognition on this amount and is currently in the process of recovery, though no provisions have been made for the loss.

Board and Governance

Ahead of the 45th Annual General Meeting scheduled for September 30, 2026, the Board has proposed several leadership changes. These include the appointment of Ms. Monika Gupta and Mr. Shravan Kumar Jaiswal as Executive Directors, and Ms. Meenakshi Aggarwal as an Independent Director. M/S Jain Dhureja & Company has been proposed for re-appointment as statutory auditors.

What to track next

Investors should closely monitor the outcome of the recovery proceedings against Betwa Realtors and any concrete updates on the company’s intent to resume trading activities through its marketing department. The board has not recommended any dividend for the year.