Pursuant to Reg. 33 of SEBI LODR, please find results attached herewith.
Awaiting price reaction for this filing.
Ace Engitech Limited reported severely distressed financial results for FY2026. The company reported zero revenue from operations with only ₹0.22 lakhs in other income. The net loss for the year was ₹28.80 lakhs, an improvement from the previous year's loss of ₹48.09 lakhs. The balance sheet reveals critical concerns with negative shareholders' equity of ₹20.65 lakhs and accumulated losses of ₹106.54 lakhs. Total assets stand at ₹62.16 lakhs against total liabilities of ₹82.80 lakhs. However, operating cash flow turned positive at ₹8.88 lakhs compared to negative cash flow in the prior year. The statutory auditor Rajvanshi & Associates issued an unmodified (clean) opinion on the financial statements.
The company is technically insolvent with negative net worth, raising serious doubts about its ability to continue as a going concern. However, the clean audit opinion provides some reassurance to investors. The stock (BSE: 530669) carries high investment risk given zero revenue generation and negative equity.