AJEL Ltd FY26 results hit with disclaimer of audit opinion

AJEL Ltd filed audited FY26 results (year ended March 2026). Auditor issued a DISCLAIMER of opinion on both standalone and consolidated statements, flagging an Rs 5 crore NPA loan from Bank of Maharashtra, unverifiable trade receivables and payables, Rs 2.07 crore goodwill from Ajel Technologies acquisition, Rs 85.96 lakh unrecovered long-term loans, and unverifiable equity investments worth Rs 91.21 lakh. Consolidated revenue was flat at Rs 1,366.57 lakh; loss after tax narrowed to Rs 43.98 lakh from Rs 165.95 lakh. Standalone loss narrowed to Rs 82.79 lakh from Rs 136.52 lakh. Operating cash flow stayed negative. Prior year figures restated.