Acme Resources Ltd

Board approval & filing

• Standalone and Consolidated unaudited results for quarter ended 30 June 2026 approved by Board on 14 Aug 2026.
• Board meeting duration 03:30–04:00 PM; results filed with BSE.
• Unaudited standalone and consolidated results submitted to BSE.

Auditor's review

• Auditor's review concluded no material misstatement in standalone and consolidated statements.
• Note 6 cites provisional inventory attachment and ITD demands across AYs.
• Company challenged these ITD demands before CIT(A).

Subsidiaries performance

• Two subsidiaries included: Ojas Suppliers Limited; Atul Agro Private Limited.
• Q1 FY27 revenues for subsidiaries: Rs 83.05 Lakh.
• PAT Rs 57.91 Lakh; Total comprehensive income Rs 57.91 Lakh.
• Ojas ITD demand Rs 1,343.94 Lakh for AY 2017-18; appeal ongoing.

Board meeting rescheduled

• Original date: Wednesday, 12 August 2026.
• Revised date: Friday, 14 August 2026.
• Agenda: consider, approve and record Un-Audited Financial Results for Q1 FY 2026-27 (Standalone and Consolidated).
• Reason: extra time required for financial reporting and consolidation.

Certificate status (Reg 74(5))

• Certificate under Regulation 74(5) for quarter ended June 30, 2026 received from Maheshwari Datamatics (RTA).

Financial Performance 📊

• Board approved unaudited standalone and consolidated Q3 FY2026 results ended Dec 31, 2025.
• Consolidated results include subsidiaries Ojas Suppliers Ltd and Atul Agro Pvt Ltd.
• Subsidiaries reported Q3 revenues of Rs. 89.45 lakh and PAT of Rs. 62.52 lakh.
• Subsidiaries reported YTD revenues of Rs. 252.32 lakh and PAT of Rs. 182.55 lakh.
• Subsidiaries' total assets stood at Rs. 7,943.91 lakh as of Q3 FY2026.
• Cash used by subsidiaries was Rs. 772.40 lakh for Apr-Dec 2025 period.

Audit & Compliance

• Auditor's review reports for standalone and consolidated results issued with unmodified conclusion.
• Comparative Q3 2024 and YTD Apr-Dec 2024 financials reviewed by predecessor auditor with unmodified opinion.
• Secretarial auditor Vikas Gera & Associates resigned effective Feb 9, 2026.

Key Risks & Headwinds ⚠️

• Company faces provisional attachment of inventory and income tax demands totaling Rs. 9,065.52 lakh for AY 2015-16, 2016-17, and 2023-24, challenged in appeals.

Financial Performance 📊

• Board approved unaudited standalone and consolidated financial results for quarter ended December 31, 2025.
• Auditor's review reports issued with unmodified conclusion on standalone and consolidated unaudited results for Q3 FY2025-26.
• Consolidated results include subsidiaries Ojas Suppliers Limited and Atul Agro Private Limited; subsidiary financials reviewed by other auditors.

Governance and Compliance 📍

• Secretarial Auditor Vikas Gera & Associates resigned effective February 9, 2026, due to other commitments.

Regulatory Matters ⚠️

• Income Tax Department raised demands totaling Rs. 9,065.52 lakh for AY 2015-16, 2016-17, and 2023-24; company has challenged these.

Financial Performance

• Board approved unaudited standalone and consolidated financial results for quarter ended December 31, 2025.
• Statutory auditors issued limited review reports with unmodified conclusion on standalone and consolidated results.
• Consolidated results include subsidiaries Ojas Suppliers Limited and Atul Agro Private Limited.
• Interim financials of subsidiaries reviewed by other auditors; no modification to auditor's conclusion.
• Comparative financial information for prior periods reviewed/audited by predecessor auditors with unmodified opinions.

Auditor Remarks ️

• Auditor highlighted provisional attachment of inventory and income tax demands totaling Rs. 9,065.52 lakh for AY 2015-16, 2016-17, and 2023-24; company has challenged these demands.

Governance

• Board took note of resignation of Secretarial Auditor Vikas Gera & Associates, effective February 9, 2026.