Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform you that the Board of Directors of Arcotech Limited at their ....
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Arcotech Ltd reported annual results for FY ended March 2026 with a massive revenue collapse to just Rs. 0.39 Lacs from Rs. 95.46 Lacs in the prior year. The company posted a net loss of Rs. 9,165.52 Lacs, up from Rs. 8,748.86 Lacs loss in FY 2025. The auditor issued a qualified opinion for the sixth consecutive time due to Rs. 3,053.44 Lacs in unprovided interest (restructured rates). If the full interest was recognized, adjusted loss would be Rs. 12,218.96 Lacs. The auditor raised a material uncertainty about the company's ability to continue as a going concern, citing negative net worth of Rs. 38,213.23 Lacs, current liabilities exceeding current assets, and active lender actions including NCLT, DRT, and SARFAESI filings. Statutory dues of Rs. 1,289.82 Lacs are overdue beyond six months. The Board re-appointed M/s Dhar Tiku & Co. as Internal Auditor for FY 2026-27.
The company is in severe financial distress with near-zero revenue, mounting losses, and negative net worth. Active legal proceedings by lenders create significant uncertainty about survival. Shareholders face extreme risk as the auditors themselves question going concern assumptions.