AS PER THE PDF ATTACHED
Awaiting price reaction for this filing.
ACE Edutrend Ltd's board met on July 10, 2025 and approved unaudited Q1 FY26 (quarter ended June 30, 2025) results. Revenue from operations stood at nil, with no other income either, while total expenses were Rs. 0.45 lakh, leading to a net loss of Rs. 0.45 lakh versus a loss of Rs. 0.17 lakh in the same quarter last year. The company noted that no business activities were carried out during the quarter and assets are not in use. The board also appointed Mrs. Deepali Mahapatra as the new Company Secretary and Compliance Officer (replacing the earlier incumbent), appointed Mrs. Anubha Chauhan as an Independent Director for a 5-year term, and accepted the resignation of Mr. Monendra Srivastava as Managing Director and CFO effective the close of business on July 10, 2025, citing personal reasons. The statutory auditor (Asha & Associates) issued an unqualified limited review report with no qualifications.
The company continues to report zero revenue and widening quarterly losses, with the simultaneous exit of the Managing Director/CFO raising governance concerns. Shareholders should note the lack of business operations and key management vacancy, both of which are negative signals for the stock despite the small absolute loss numbers.