Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Audited financial results (consolidated & ....
Awaiting price reaction for this filing.
Atcom Technologies has published its audited financial results for FY2026 ending March 31, 2026. The auditors issued a DISCLAIMER of opinion on standalone financials and a QUALIFIED opinion on consolidated financials due to multiple material uncertainties. Key concerns include: all term loans and working capital facilities are classified as Non-Performing Assets (NPAs) with no interest provisions made; the company has accumulated losses and net-worth has been completely eroded; the holding company is under liquidation in the High Court; and a restructuring scheme has been filed with NCLT. Bank defaults total approximately Rs 8,760 Lacs across multiple lenders including IFCI (Rs 3,543 Lacs), Dena Bank (Rs 1,585 Lacs), SBI (Rs 1,087 Lacs), and others. Disputed tax liabilities span multiple years from 1999-2000 to 2021-22 totaling over Rs 2,000 Lacs. Internal financial controls were found inadequate as the company has not established controls per guidance notes.
This is an extremely high-risk filing. The disclaimer and qualified opinions, combined with going concern issues, liquidation proceedings, and massive bank defaults, signal severe financial distress. Shareholders face significant risk of value erosion or total loss. The stock is currently suspended from trading.