The Board of Directors of Automobile Products of India Limited at its meeting held today, viz. Tuesday, May 19, 2026, has inter-alia approved the Audited Financial Results for the quarter ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Automobile Products of India Limited reported audited financial results for FY2026. The company posted total income of Rs 80.80 lakhs (down from Rs 84.15 lakhs in FY2025) and continued to incur significant losses with net loss of Rs 173.42 lakhs for the year, though slightly improved from Rs 189.95 lakhs loss in the previous year. Revenue from operations remained flat at Rs 17.00 lakhs. The company's net worth has been completely eroded with negative reserves of Rs 1,614.93 lakhs and negative total equity of Rs 1,566.75 lakhs. The statutory auditor issued an unmodified opinion but drew an Emphasis of Matter regarding going concern, noting the holding company has committed to provide financial support. The company also completed a rights issue in April 2026 to address minimum public shareholding non-compliance, increasing public shareholding from 15.29% to 34.36%.
The company is technically insolvent with negative net worth, raising serious concerns about its ability to continue as a going concern despite holding company support. The losses and negative equity position make this a high-risk investment for shareholders.