Outcome of Board meeting held on 29.05.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indian Acrylics Ltd reported significantly worsening financial results for FY2026 ending March 31. Standalone revenue declined to Rs 23,026 Lakhs from Rs 31,379 Lakhs in the previous year, representing a substantial revenue drop. The company posted a net loss of Rs 2,246 Lakhs compared to a loss of Rs 1,060 Lakhs in FY2025, with losses accelerating through the year. Finance costs remain high at Rs 10,209 Lakhs. The auditor's report highlights a Material Uncertainty Related to Going Concern because the company's net worth has been substantially eroded due to continuous losses. The Board also approved appointment of Mr. Jasvinder Singh as Internal Auditor and M/s V. Kumar & Associates as Cost Auditors for FY2026-27. Despite the going concern warning, the auditors issued an unmodified (clean) opinion.
The company is in severe financial distress with accelerating losses, negative net worth, and high debt costs. The going concern uncertainty raises significant risk for shareholders, though the clean audit opinion means no formal qualification was issued.