AS PER THE PDF ATTACHED
Awaiting price reaction for this filing.
ACE Edutrend Ltd reported nil revenue from operations for Q1 FY26 (ended June 30, 2025), with only Rs 0.04 lakh of other income, matching the same period last year. The company posted a net loss of Rs 0.45 lakh in Q1 FY26 versus a Rs 0.28 lakh loss in Q1 FY25, while the full FY25 loss stood at Rs 6.63 lakh on just Rs 0.04 lakh of total income. The company explicitly noted that 'business activities have not been carried out' and assets have not been put to use, so no depreciation was charged. On the governance side, Managing Director and CFO Monendra Srivastava resigned effective July 10, 2025, citing personal reasons; Deepali Mahapatra was appointed as the new Company Secretary and Compliance Officer, and Anubha Chauhan was appointed as an Independent Director for a five-year term. The auditor (Asha & Associates) issued an unqualified limited review report.
This is a negative development for shareholders — the company has no active business, is bleeding cash with widening losses, and has just lost its MD and CFO, raising serious concerns about future direction and going-concern status. The stock is likely to remain under pressure until the company restarts operations and fills the top leadership vacuum.