AS PER THE PDF ATTACHED
Awaiting price reaction for this filing.
ACE Edutrend's board, which met on July 10, 2025, approved its unaudited Q1 FY26 results showing zero revenue from operations and a net loss of Rs 0.45 lakh, wider than the Rs 0.17 lakh loss in Q1 FY25. For the full FY25, the company reported a net loss of Rs 6.63 lakh on total income of just Rs 0.04 lakh. The company explicitly stated that 'business activities have not been carried out,' meaning the firm is effectively non-operational. The board also appointed Mrs. Deepali Mahapatra as the new Company Secretary (replacing the prior incumbent who resigned) and Ms. Anubha Chauhan as an Independent Director for a five-year term. In a significant development, Mr. Monendra Srivastava resigned from the positions of Managing Director and CFO, effective the close of business on July 10, 2025, citing personal reasons. The auditor's limited review report is unqualified with no qualifications noted.
For shareholders, this is a concerning update: the company is not conducting business operations, continues to post losses, and has lost both its Managing Director and CFO in a single day, raising serious questions about continuity and the going-concern status. The stock may see negative sentiment given the leadership exit and the fact that the company appears to be a non-functioning shell with no revenue-generating activities.