Submission of Outcome of the Board Meeting held on Friday, 29th May,2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Abate As Industries Ltd reported audited financial results for FY2026. Standalone profit after tax grew nearly 3x to Rs 154.73 lakhs (vs Rs 54.33 lakhs in FY2025), driven by exceptional growth in the second half of the year. Consolidated profit after tax surged to Rs 1,270.36 lakhs (vs Rs 108.56 lakhs), reflecting strong performance across the group's subsidiaries — Salamath Import & Exports, Prudential Management Services, Sky International Trading, and associate SAIA Educational Support Services. The company underwent significant capital restructuring: a preferential allotment in February 2025, a 1:1 bonus issue in July 2025, and an authorized capital increase to Rs 200 crore. The company also appointed M/s. Sasi Vijayan & Rajan as internal auditor for FY2026-27. Statutory auditors issued an unmodified opinion on both standalone and consolidated financials. No going concern or qualified audit opinions were raised.
Strong bottom-line growth on both standalone and consolidated basis is positive. The capital restructuring and subsidiary/associate expansion signal strategic scaling. Unmodified audit opinion provides reassurance. However, standalone Q4 revenue (Rs 2,555) was significantly lower than Q4 FY25 (Rs 9,104), suggesting uneven revenue recognition across quarters.