Revised Results for quarter and year ended March 31, 2025.
Awaiting price reaction for this filing.
Ace Engitech Limited has filed revised audited financial results for Q4 and FY25, after correcting a software error in the originally disclosed cashflow statement (filed May 23, 2025; revised May 28, 2025). The company's operations are near-dormant: revenue from operations is NIL and total income for FY25 is only ₹2.43 lakhs (mostly other income), while total expenses stood at ₹50.52 lakhs, leading to a wider net loss of ₹(48.09) lakhs versus ₹(15.54) lakhs in FY24. The balance sheet shows negative total equity of ₹(77.74) lakhs, and operating cashflow remained negative at ₹(11.95) lakhs (vs ₹(8.44) lakhs in FY24). The current ratio fell sharply from 1.76 to 0.41. Auditor Rajvanshi & Associates issued an unmodified (clean) opinion on the results.
The deepening losses, negative book value, and continued cash burn raise serious going-concern concerns for shareholders, even though the auditor's opinion remains clean. With virtually no operating revenue, the stock remains highly speculative and the company may need fresh capital infusion or strategic action to continue as a going concern.