AS PER THE PDF ATTACHED
Awaiting price reaction for this filing.
ACE Edutrend's board, meeting on July 10, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at zero, with the company noting that 'business activities have not been carried out' and assets are not put to use. The company reported a net loss of Rs. 0.45 lakh in Q1 FY26, wider than the Rs. 0.17 lakh loss in Q1 FY25, against total expenses of Rs. 0.45 lakh. The full-year FY25 audited loss was Rs. 6.63 lakhs. The board accepted the resignation of Mr. Monendra Srivastava as Managing Director and CFO (citing personal reasons), appointed Mrs. Deepali Mahapatra as the new Company Secretary and Compliance Officer, and appointed Ms. Anubha Chauhan as Independent Director for a 5-year term. The statutory auditor (Asha & Associates) issued an unqualified limited review report.
The company is effectively non-operational with no business activity, zero revenue, and continuing losses, raising going-concern concerns for shareholders. The simultaneous exit of the MD/CFO alongside key appointments adds to governance uncertainty and may weigh negatively on the stock.