Acrow India Limited submitted its Audited Standalone Financial Statements for the Quarter and Financial Year ended 31st March, 2026 to BSE Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated 31st December, 2024, read with BSE Circular No. 20250102-4.

The financial statements received a Qualified Opinion from auditors Gautam N Associates, Chartered Accountants. The qualification relates to the company not making provision for gratuity liability in respect of its employees as required under applicable Accounting Standards and the Companies Act, 2013, as stated in Note No. 34 to the Financial Statements.

Financial Highlights (Rs. in Lakhs)

  • Total Income: ₹1,156.45
  • Total Expenditure: ₹1,097.18
  • Net Profit: ₹43.05
  • Earnings Per Share: ₹6.73
  • Total Assets: ₹2,382.19
  • Total Liabilities: ₹45.44
  • Net Worth: ₹2,336.75

Balance Sheet Position (as at 31st March, 2026)

  • Property, Plant and Equipment: ₹212.14
  • Right of Use Assets: ₹2.69
  • Cash and Cash Equivalents: ₹0.28
  • Loans (Current Assets): ₹1,997.99
  • Other Current Assets: ₹160.45
  • Equity Share Capital: ₹64.00
  • Other Equity: ₹2,218.68
  • Deferred Tax Liability: ₹64.06
  • Trade Payables to MSME: ₹0.30
  • Trade Payables other than MSME: ₹13.92
  • Current Tax Liabilities (Net): ₹3.31

Cash Flow Statement

  • Net Cash from Operating Activities: (₹348.99)
  • Net Cash used in Investing Activities: ₹340.63
  • Net Cash used in Financing Activities: Not applicable (no activity)
  • Net Decrease in Cash and Cash Equivalents: (₹6.37)
  • Cash and Cash Equivalents at beginning of year: ₹6.65
  • Cash and Cash Equivalents at end of year: ₹0.28

Key Findings from Annexure A

  • The company maintained proper records of Property, Plant and Equipment with regular physical verification program
  • No inventory at year-end
  • Company granted loans to one related party (other than subsidiary, joint venture and associates) with outstanding balance of ₹1,997.99 lakhs at year-end
  • No defaults in payment of dues to financial institutions or banks
  • Company is regular in depositing undisputed statutory dues except for ₹5.08 lakhs pertaining to ESIC and ₹0.98 lakhs pertaining to Service Tax Department under appeal
  • No fraud reported during the year
  • Company has adequate internal audit system
  • No cash losses during current or preceding financial year

Internal Financial Controls

Auditors reported that the company has adequate internal financial controls system over financial reporting that were operating effectively as at 31st March, 2026.

Impact of Audit Qualification

Management stated that since there are only two employees on the payroll, labor laws are not applicable and the impact is not quantifiable or estimable. Auditors commented that in absence of actuarial valuation or reliable estimate, they are unable to determine the extent of adjustment required.