Outcome of the Board Meeting held on May 18, 2026
ATLANTAA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited standalone and consolidated financial results for Q4 and FY26 ended March 31, 2026. Standalone revenue declined sharply to Rs 4,033.27 Lakhs from Rs 6,105.52 Lakhs in FY25, while standalone profit after tax dropped to Rs 408.07 Lakhs from Rs 6,349.06 Lakhs. Consolidated results show a loss of Rs 171.00 Lakhs for the year. The auditors issued an unmodified opinion but included an Emphasis of Matter regarding Rs 21.80 crore reclassified as recoverable trade receivable related to a bank guarantee paid to PWD Uttar Pradesh, currently sub-judice. Mr. Ajit Sabat was reappointed as Internal Auditor for FY 2026-27.
The sharp decline in standalone profitability and consolidated loss are significant red flags for investors. The accounting reclassification of the PWD bank guarantee inflated profits by Rs 1,631 Lakhs and warrants scrutiny given the matter is sub-judice.