Outcome of Board meeting enclosed herewith.
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Ace Men Engg Works Ltd's board approved its unaudited financial results for the second quarter and half year ended September 30, 2025. The company reported zero revenue from operations across all periods, with income coming only from 'Other Income' of Rs. 2.56 lacs in Q2 FY26 and Rs. 7.20 lacs in H1 FY26, compared to Rs. 6.03 lacs in H1 FY25. Profit after tax swung to a positive Rs. 2.50 lacs in H1 FY26 from a loss of Rs. 0.27 lacs in H1 FY25, improving EPS to Rs. 0.08 from Rs. (0.01). The statutory auditors (J. Singh & Associates) issued an unmodified (clean) limited review opinion. No dividend was recommended, and the company continues to operate in a single Trading segment.
The return to profit is encouraging on the surface, but the company has no core operating revenue and is entirely dependent on other income, which raises concerns about the sustainability of earnings. Combined with negative operating cash flow and a shrinking cash balance, the underlying business health remains weak for shareholders.