Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR') read with Part A of Schedule ....
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The Board of Automobile Products of India Ltd approved unaudited financial results for Q1 FY26 on August 11, 2025. Total income was Rs. 21.56 lakhs (vs Rs. 20.54 lakhs in Q1 FY25), with revenue from operations flat at Rs. 4.25 lakhs and other income of Rs. 17.31 lakhs. The company reported a net loss of Rs. 4.25 lakhs, narrower than Rs. 38.57 lakhs in the year-ago quarter, with EPS of (0.09) per share. Notably, the financial statements carry a going concern note: the company's net worth is completely eroded, and the holding company has committed to arranging financial support. The limited review report by C A S & Co is clean with no qualifications. The company also flagged BSE charges of Rs. 39.77 lakhs for non-compliance with minimum public shareholding rules, for which a waiver application has been filed.
Although quarterly losses narrowed, the going concern flag and fully eroded reserves (negative Rs. 1,439.49 lakhs) signal serious financial weakness and dependence on the parent company for survival. Shareholders should view this as a high-risk micro-cap with operational stagnation, though near-term continuity is assured via holding company support.