Outcome of Board Meeting for consideration and approval of Audited Financial Statements for the quarter and financial year ended 31st March 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Acme Resources Ltd, a base layer NBFC, reported a standalone net loss of Rs. 223.96 lakh for FY26 compared to a profit of Rs. 145.27 lakh in FY25. Standalone revenue declined 27% to Rs. 581.73 lakh from Rs. 794.01 lakh. On a consolidated basis, the company posted a profit of Rs. 142.80 lakh vs Rs. 354.54 lakh (60% decline). The auditors issued an unmodified opinion but included an Emphasis of Matter regarding provisional attachment of inventory (Rs. 543.92 lakh book value) by Income Tax Department in FY24. The company also faces multiple Income Tax demands totaling approximately Rs. 8,896 lakh across assessment years 2014-15 to 2024-25, which it has challenged before CIT(A). The Board also appointed DPNC Global LLP as internal auditor for FY26-27.
The sharp revenue decline and standalone net loss are concerning for shareholders. The large contingent tax liabilities (Rs. 8,896+ lakh) represent significant potential risk if demands are upheld. However, the unmodified audit opinion provides some comfort regarding financial statement reliability.