SUBSEQUENT EVENTS |
12 Months Ended |
|---|---|
Mar. 31, 2025 | |
| SUBSEQUENT EVENTS | |
| SUBSEQUENT EVENTS | NOTE 17 – SUBSEQUENT EVENTS On April 28, 2025, Ranor and certain affiliates of the Company entered into the Eleventh Amendment to Amended and Restated Loan Agreement and Seventh Amendment to Second Amended and Restated Promissory Note, or the “Eleventh Amendment”, with Berkshire Bank. The Eleventh Amendment, among other things, extended the maturity date of the Revolver Loan from April 30, 2025 to August 29, 2025. (see Note 12 – Debt). On July 4, 2025, the “One Big Beautiful Bill Act”, or the “Act”, was enacted into law. The Act includes changes to U.S. tax law that will be applicable to the Company beginning in fiscal 2026. These changes include provisions allowing accelerated tax deductions for qualified property, plant and equipment expenditures. We are in the process of evaluating the impact of the Act will have on our consolidated financial statements. |