Aqylon Nexus Limited has informed the Exchange about Revised Outcome of Board Meeting held on Saturday, April 11, 2026
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Aqylon Nexus Limited reported audited financial results for FY2026 with total income of Rs 1,360.46 lakhs, up 121% from Rs 614.60 lakhs in FY2025. The company turned profitable with PAT of Rs 575.80 lakhs versus a loss of Rs 2,236.83 lakhs last year. However, after exceptional items (net gain of Rs 2,962 lakhs from property sale of Rs 21,543.59 lakhs minus deposit write-off of Rs 2,581.59 lakhs), pre-exceptional loss was Rs 742.29 lakhs. The auditor flagged material uncertainty regarding going concern due to accumulated losses and negative net worth of Rs 567.79 lakhs. Prior period reclassification of Rs 2,964.19 lakhs was made for incorrectly capitalised advertisement expenses. The board approved incorporation of a WOS in UAE and received a proposal from Energon Petroproducts (100% shareholder) to sell their entire stake.
While revenue growth and return to profitability are positive, the company has negative net worth and significant going concern uncertainty. The unresolved share sale proposal by the sole shareholder and lack of long-term contracts pose risks. The large exceptional gain from property sale does not reflect underlying operational strength.