Outcome of Board Meeting for Consideration & Approval of Audited Financial Results (Standalone & Consolidated) for the Quarter & Year Ended March 31, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aksh Optifibre Limited reported FY2026 standalone revenue of Rs 12,570.66 lakhs (marginal decline from Rs 12,712.48 lakhs) with a reduced standalone loss after tax of Rs 856.42 lakhs versus Rs 2,011.30 lakhs in FY2025. Consolidated loss after tax improved to Rs 1,307.31 lakhs from Rs 2,596.66 lakhs. However, consolidated equity turned negative at Rs (9,424.94) lakhs, raising going concern concerns. The auditor issued a QUALIFIED OPINION due to non-recognition of interest and customs duty liabilities of Rs 2,986.54 lakhs under Advance Authorization and EPCG schemes. Multiple legal matters include NCLT insolvency proceedings, SARFAESI notices from Union Bank of India (Rs 4,973 lakhs) and HDFC Bank (Rs 3,663 lakhs), and a corporate guarantee demand of Rs 6,937.33 lakhs. The company has pending unrecognized liabilities of Rs 2,986.54 lakhs that could further erode results if recognized.
The qualified audit opinion, negative consolidated equity, multiple lender legal actions, and pending undisclosed liabilities of Rs 2,986.54 lakhs indicate significant financial stress and going concern risks for shareholders.