Enclosed Outcome of Board Meeting held on May 21, 2026 for the quarter and financial year ended 31st March, 2026
ADSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Allied Digital Services reported FY2026 standalone revenue of Rs 38,782 Lakhs (up ~6% YoY) but posted a net loss of Rs 81 Lakhs vs profit of Rs 1,073 Lakhs in FY2025. Consolidated PAT was a loss of Rs 761 Lakhs vs profit of Rs 3,553 Lakhs prior year. The auditors issued a Qualified Opinion due to non-compliance with Section 186(7) of Companies Act 2013 regarding interest-free loans to subsidiaries, later partially rectified by conversion of loans to equity (Rs 11,590 Lakhs) in March 2026. One-time charges include: Rs 3,573 Lakhs additional impairment provision, Rs 2,444 Lakhs sundry balances written off, Rs 1,060 Lakhs fixed asset adjustments, and Rs 130 Lakhs exceptional items. Operating cash flow was negative at Rs 3,984 Lakhs. The board recommended dividend of Rs 1.50 per share and reappointed three directors and internal auditors.
The company swung to losses due to large one-time write-offs and impairment provisions. The qualified auditor opinion on related party loans and negative operating cash flow are concerning signals for shareholders. The stock may face pressure given PAT decline and auditor concerns.