Authorisation to Company Secretary under regulation 30(5) of SEBI (LODR), Regulations, 2015
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Anka India Ltd reported consolidated revenue of Rs. 1,809.43 Lakhs for FY26 (vs Rs. 1,296.02 Lakhs in FY25), representing ~40% year-on-year growth, though the company posted a consolidated net loss of Rs. 46.34 Lakhs (vs loss of Rs. 36.29 Lakhs in FY25). Standalone revenue declined sharply to Rs. 18 Lakhs from Rs. 639.91 Lakhs, with standalone net loss of Rs. 70.85 Lakhs (vs profit of Rs. 23.23 Lakhs in FY25). The auditors issued a qualified opinion on both standalone and consolidated financials, citing: (1) unrecognized goodwill impairment of Rs. 18.96 Crores arising from consolidation with Futech Internet Private Limited (acquired via reverse merger in June 2025), and (2) recognition of MAT credit of Rs. 35.38 Lakhs as asset despite history of losses. The company also appointed M/s Sudhir K & Associates as internal auditor for FY27 and authorized Sameer Kumar (Company Secretary) for materiality determinations under SEBI LODR.
The qualified audit opinion and ongoing losses despite revenue growth raise concerns about financial health. The unrecognized goodwill from the reverse merger of Futech Internet represents a significant audit qualification. Shareholders should monitor the company's ability to generate sustainable profits and clarity on goodwill impairment testing.