Alliance Integrated Metaliks Q1 FY27 Net Loss ₹2298.41 Lakh

Revenue from operations: ₹2,279.04 lakhs (compared to ₹1,716.51 lakhs in previous quarter and ₹1,604.36 lakhs in same quarter previous year)
Other income: ₹0.01 lakhs
Total income: ₹2,279.05 lakhs
Cost of material consumed: ₹62.62 lakhs
Purchase of stock-in-trade: ₹233.47 lakhs
Changes in inventories: ₹94.28 lakhs
Employee benefits expense: ₹696.18 lakhs
Finance costs: ₹1,935.94 lakhs
Depreciation & amortization: ₹707.70 lakhs
Other expenses: ₹847.27 lakhs
Total expenses: ₹4,577.46 lakhs
Loss before tax: ₹(2,298.41) lakhs
Net loss for the period: ₹(2,298.41) lakhs
Paid-up equity share capital: ₹3,949.50 lakhs (Face Value of Re.1 each)
Basic earnings per share: ₹(0.58)

Mr. Vineet Kumar Ojha (DIN: 11708632) appointed as additional Non-Executive Independent Director
Appointment date: August 12, 2026
Term: Five consecutive years commencing from August 12, 2026, subject to shareholder approval within three months
Age: 31 years, M.Sc. graduate with experience in finance, financial planning, budgeting, investment analysis, fund management, and financial administration
Not related to any Director or Key Managerial Personnel of the Company
Not debarred from holding office of director

Statutory Auditors Chatterjee & Chatterjee Chartered Accountants issued qualified review report with following key observations:

Qualified Conclusion Basis:

Trade payables, trade receivables and other loans and advances given or taken continued to be subject to reconciliation and confirmation
Term loan accounts with banks and financial institutions are subject to reconciliation/confirmation
Similar qualification was made in previous audit reports

Material Uncertainty Related to Going Concern:

Company incurred net loss of ₹2,298.41 lakhs for quarter ended June 30, 2026
Net worth erosion: ₹38,199.08 lakhs (debit balance) as on June 30, 2026
Current liabilities exceed total current assets
Outstanding loans of ₹59,799.65 lakhs including interest accrued and due classified as non-performing assets (NPA) by lenders
These conditions indicate material uncertainty about Company's ability to continue as going concern

Emphasis of Matter:

Provisional Attachment Order No. 09/2024 dated September 13, 2024 issued by Deputy Director, Gurugram Zonal Office, Directorate of Enforcement, New Delhi
Attachment of immovable properties held in Company's name and shares held by promoter company
Alleged contravention of Prevention of Money Laundering Act, 2002 (Reference: F. No.ECIR/GNZO/14/2024 dated September 5, 2024)
Order confirmed by Adjudicating Authority, appeal filed before Appellate Authority (sub-judice)
Management states proceedings do not affect business operations or ongoing activities

Loan amounting to ₹59,799.65 lakhs including accrued and due interest classified as Non-Performing Assets (NPA) by lenders
Company submitted One-Time Settlement (OTS) proposals in earlier financial years
Upfront amounts deposited with concerned lender banks as part of OTS process
OTS process still under negotiation and pending final approval
Company continues to provide for interest on borrowings as per original sanction terms
All borrowings from Banks and Financial Institutions classified as current liabilities
Company in active discussion with lenders for debt resolution

Financial statements prepared on going concern basis considering Central Government infrastructure development thrust and encouraging order book
Accounts subject to Indian Accounting Standards (Ind AS) Rules, 2015
Single operating segment, so Ind AS 108 disclosure not applicable