Please find attached herewith results for quarter and year ended March 31, 2026.
Awaiting price reaction for this filing.
Ace Engitech Limited has reported audited financial results for the quarter and year ended March 31, 2026. The company reported a net loss of Rs 28.80 lakhs for FY2026, compared to a loss of Rs 48.09 lakhs in FY2025, showing a 40% improvement in losses. However, the company has essentially zero revenue from operations (Rs 0.07 lakhs other income) and negative equity of Rs 20.65 lakhs, indicating significant financial distress. The statutory auditor Rajvanshi & Associates has issued an unmodified (clean) audit opinion on the financial statements. The company's total assets stand at Rs 62.16 lakhs against total liabilities including borrowings of Rs 82.80 lakhs. The trading window for insiders will open from June 1, 2026.
The company continues to operate with negative net worth and negligible revenue, indicating near-zero business activity. While losses have improved year-on-year, the financial viability of the company remains highly questionable. The clean audit opinion provides some comfort regarding financial reporting integrity, but the underlying business fundamentals are weak.