Allied Digital Services Limited has informed the Exchange regarding Change in Director(s) of the company.
ADSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Allied Digital Services Limited reported its Q4 and FY2026 financial results. On a standalone basis, the company posted a net loss of Rs 81 lakhs for FY2026 versus a profit of Rs 1,073 lakhs in FY2025, with revenue from operations at Rs 38,782 lakhs. On a consolidated basis, the company performed better with net profit of Rs 3,211 lakhs (down from Rs 3,553 lakhs) and total income of Rs 100,585 lakhs. The board recommended a dividend of Rs 1.50 per share subject to shareholder approval. The auditors issued a qualified opinion due to the company granting interest-free loans to subsidiaries in prior years, which violated Section 186(7) of the Companies Act 2013; some loans were converted to equity during the year while others are now bearing interest. The board also re-appointed two independent directors (Mr. Shakti Kumar Leekha and Mr. Anup Kumar Mahapatra) for second terms and re-appointed Mr. Sunil Bhatt as Executive Director.
The standalone loss and auditor qualification signal governance concerns around historical related-party transactions. However, the consolidated profitability and dividend recommendation provide some support for shareholders. The stock may see mixed reaction given the contrast between standalone losses and consolidated profits.