Board Meeting Outcome for results for quarter and year ended on March 31, 2025
Awaiting price reaction for this filing.
The Board of Directors of Ace Engitech Ltd approved the audited standalone financial results for the quarter and financial year ended March 31, 2025. Statutory auditors M/s Rajvanshi & Associates issued an unmodified (clean) audit opinion. For FY25, total income fell sharply to ₹6.00 lakhs from ₹16.17 lakhs in FY24, while total expenses rose to ₹53.71 lakhs from ₹31.72 lakhs. The company reported a net loss of ₹47.71 lakhs in FY25 versus ₹15.54 lakhs in FY24, with EPS at ₹(2.60). The balance sheet shows negative net worth of ₹(77.74) lakhs and total assets declining to ₹45.68 lakhs. Operating cash flow was negative at ₹(9.39) lakhs. The current ratio dropped to 0.41 from 1.76, indicating severe short-term liquidity stress. The Board also noted approval of alteration in the MOA from the ROC.
This is a negative filing for shareholders — the company posted widening losses on a sharply declining top line, has negative net worth, weak liquidity, and negative operating cash flow. Despite a clean auditor opinion, the deteriorating fundamentals could pressure the stock and raise going-concern concerns going forward.