Pursuant to Regulation 33 of SEBI (LODR) Regulations 2015 we are submitting herewith the Audited Financial Results for the quarter and year ended 31st March 2026.
Awaiting price reaction for this filing.
Ashoka Refineries Limited reported an audited net loss of Rs. 15.50 lakhs for FY 2025-26, slightly improved from Rs. 16.68 lakhs loss in the previous year. The company shows virtually no revenue from operations with most income line items blank or zero. Operating cash flow turned sharply negative at Rs. 17.18 lakhs compared to positive Rs. 25.72 lakhs in FY 2024-25. Cash reserves declined significantly from Rs. 29.59 lakhs to Rs. 12.39 lakhs. The company has accumulated negative other equity of Rs. 95.14 lakhs. Statutory auditors M/s. Batra Deepak & Associates issued an unmodified (clean) opinion on the financial statements.
The company is essentially a non-operating shell with no meaningful revenue and persistent losses. Negative cash flow from operations and declining cash reserves raise serious liquidity concerns despite the clean audit opinion. Shareholders should be cautious as the company's continued viability appears questionable.