AS PER THE PDF ATTACHED
Awaiting price reaction for this filing.
ACE Edutrend Ltd's board, meeting on July 10, 2025, approved its unaudited Q1 FY26 results (quarter ended June 30, 2025) and accepted the resignation of Mr. Monendra Srivastava as Managing Director and CFO, effective the same day, citing personal reasons. The company also appointed Mrs. Anubha Chauhan as Independent Director for 5 years and Mrs. Deepali Mahapatra as the new Company Secretary and Compliance Officer. Financially, the company reported zero revenue from operations and a net loss of Rs. 0.45 lakh in Q1 FY26, wider than the Rs. 0.17 lakh loss in Q1 FY25. The company noted that 'business activities have not been carried out' and assets are not in use. The auditor (Asha & Associates) issued an unqualified limited review report with no qualifications.
Shareholders should note continued operational dormancy with no revenue, widening quarterly losses, and the sudden exit of both the Managing Director and CFO roles, which raises governance concerns despite the unqualified auditor's report. The stock may see negative sentiment given the simultaneous leadership vacuum and lack of business activity.