Outcome of the Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Athena Global Technologies reported a steep decline in consolidated revenue to Rs 1,238.84 Lakhs for FY2026 from Rs 1,628.63 Lakhs in FY2025, down approximately 24%. The company posted a consolidated net loss of Rs 4,567.62 Lakhs versus a loss of Rs 2,014.42 Lakhs the prior year. Exceptional items included a Rs 2,339.75 Lakh gain on derecognition of investment property and a Rs 3,235.60 Lakh loss on the sale of its subsidiary Medley Medical Solutions Private Limited. The auditors issued an unmodified (clean) opinion on both standalone and consolidated financials. The Board also approved investing up to Rs 50 Crores in optionally convertible debentures of Medley Medical Solutions Pvt Ltd and Tutoroot Technologies Pvt Ltd, and appointed M/s. Sarda & Agarwal as internal auditors for FY 2026-27.
The company is in deep financial distress with a massive net loss, declining revenue, and highly negative operating cash flows (Rs 5,150.97 Lakh on consolidated basis), raising serious concerns about its going-concern status despite the clean audit opinion.