Pan Electronics (India) Ltd has announced a board meeting to discuss the financial results for the quarter and half-year.

The company reported total income of ₹247.15 lakhs for the quarter ended, with expenses totaling ₹269.98 lakhs, resulting in a loss before tax of ₹22.83 lakhs for the quarter and ₹374.27 lakhs for the year.

The company continues to report negative net worth.

The statutory auditor issued a qualified opinion due to non-compliance with IND AS 116 (Leases), IND AS 109 (Financial Instruments), and IND AS 115 (Revenue Recognition), citing data limitations that prevented management from quantifying the impact.

Management is committed to improving compliance and internal controls.