Ashoka Refineries Ltd

Director term completion

• Change: Independent Director Aditya Sharma completed tenure and ceased as Director effective June 27, 2026.
• He ceased to be a member of the Board committees from June 27, 2026.
• Reason: Completion of tenure.
• Effective date: end of day June 27, 2026.
• Delay in disclosure: inadvertent internal oversight; no intention to withhold.

Financial results

• Board approved standalone unaudited Q1 2026 results for quarter ended June 30, 2026.
• Auditors' limited review report issued with unmodified opinion.

Governance actions

• Internal auditor re-appointed: M/s Suraj Rajput & Co for FY 2026-27.
• Independent director Aditya Sharma re-appointed for second five-year term (13.08.2026–12.08.2031), subject to AGM approval.

Operations

• Company operates in a single segment: Trading Activities; segment details not disclosed.

Cessation of Independent Director

• Cessation of Independent Director Aditya Sharma on 27 June 2026 due to tenure completion.
• Five-year term from 28 June 2021 to 27 June 2026.
• Reason: completion of tenure; not due to resignation, removal, or disqualification.
• Committee membership ceased: Nomination and Remuneration Committee.
• Brief profile: Not Applicable.
• No material other reasons for cessation; no change to other board members.

Meeting Details

• Date of meeting: 13 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve Standalone unaudited financial results for Q1 FY 2026-27 (quarter ended 30 June 2026).

Other Notes

• Trading window for insiders closed from 1 July 2026 till 48 hours after conclusion of the board meeting.

Dematerialisation processing and record update

• Securities received for dematerialisation in the quarter ended June 2026 were confirmed to depositories and listed on exchanges.
• Certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within 15 days.

Financial results

• 📊 Standalone audited results for quarter and year ended 31 March 2026.
• 📊 Revenue from operations was nil for the quarter and year.
• 📊 Total income was nil for the quarter and Rs 0.79 lakh for FY26.
• 📊 FY26 loss before tax was Rs 5.50 lakh, versus Rs 16.69 lakh last year.
• 📊 FY26 loss after tax was Rs 5.12 lakh, versus Rs 16.68 lakh last year.
• 📊 Basic and diluted EPS were Rs (0.09) for FY26 and Rs (0.43) last year.
• 📊 Other comprehensive income was Rs 0.38 lakh in FY26, mainly revaluation gains.

Costs and cash

• 📊 FY26 total expenses were Rs 19.14 lakh, down from Rs 38.02 lakh.
• 📊 Purchase of stock-in-trade was Rs 20.75 lakh in FY26.
• 📊 Employee benefit expenses were Rs 9.45 lakh in FY26.
• 📊 Other expenses were Rs 6.32 lakh in FY26.
• 📊 Operating cash flow was negative Rs 17.18 lakh in FY26.
• 📊 Cash and cash equivalents fell to Rs 12.39 lakh from Rs 29.59 lakh.

Balance sheet

• 📊 Total assets were Rs 265.46 lakh at 31 March 2026.
• 📊 Equity was Rs 245.05 lakh, including share capital of Rs 340.19 lakh.
• 📊 Other equity remained negative at Rs 95.14 lakh.
• 📊 Borrowings were Rs 15.00 lakh, unchanged year on year.
• 📊 Current liabilities were Rs 5.41 lakh, mainly trade payables and provisions.

Audit and board

• 📍 Board approved the standalone audited financial results on 29 May 2026.
• 📍 Statutory auditors issued an unmodified opinion on the standalone results.
• 📍 The auditor reported no key audit matters.

Business

• 🗒️ Ashoka Refineries Limited is a listed company based in Raipur.
• 🗒️ The document presents standalone audited quarterly and annual financial results.

🗓️ Meeting Details

• Board meeting scheduled for February 13, 2026.

📊 Financial Results

• Approval of standalone unaudited financial results for Q3 and nine months ended December 31, 2025.