Antarctica Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
ANTGRAPHIC · price
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Antarctica Limited's Board approved unaudited financial results for Q3 FY26 (quarter ended December 31, 2025) and the nine months ended December 31, 2025. Revenue from operations for Q3 stood at Rs. 2,244.11 lakhs, while nine-month revenue grew about 29% to Rs. 3,243.06 lakhs from Rs. 2,505.34 lakhs in the previous year period. The company swung to a profit after tax of Rs. 135.82 lakhs for the nine months, compared to a loss of Rs. 57.40 lakhs earlier. However, the statutory auditor (CA Nimai Gautam Shah) issued a Disclaimer of Opinion, stating they could not obtain sufficient appropriate audit evidence and flagged going concern issues. The auditor cited absence of supporting documents for sales, purchases, inventory, trade receivables/payables, no fixed assets register, unsecured loans without agreements, loans granted without confirmations, and unverified GST receivables.
Despite the headline revenue growth and turnaround to profitability, the auditor's disclaimer of opinion and going concern warning mean the financial figures cannot be fully relied upon. This is a significant red flag for shareholders and may weigh negatively on the stock.