Ashoka Refineries Limited submitted a regulatory filing to BSE Limited regarding the outcome of its Board meeting held on Friday, 29 May 2026. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Results Overview (Year Ended March 31, 2026)

Income Statement (₹ in Lakhs):

  • Revenue from operations: ₹3.64 (FY25: ₹31.34)
  • Total Income: ₹3.64 (FY25: ₹31.34)
  • Total Expenses: ₹19.14 (FY25: ₹48.02)
  • Loss before tax: ₹(15.50) (FY25: ₹(16.68))
  • Tax Expense: ₹0.00
  • Net Loss for the year: ₹(15.50) (FY25: ₹(16.68))
  • Other Comprehensive Income (net of tax): ₹2.32
  • Total Comprehensive Income: ₹(13.18) (FY25: ₹(14.68))
  • Earnings Per Share (Basic & Diluted): ₹(0.39) (FY25: ₹(0.43))

Quarterly Performance (Q4 FY26):

  • Revenue from operations: ₹2.79
  • Total Income: ₹2.79
  • Total Expenses: ₹6.79
  • Loss before tax: ₹(3.99)
  • Net Loss: ₹(3.99)
  • EPS: ₹(0.12)

Balance Sheet Position (as at March 31, 2026)

Assets (₹ in Lakhs):

  • Non-current Assets: ₹248.44 (Investments: ₹43.07, Loans: ₹203.00, Deferred tax assets: ₹2.36)
  • Current Assets: ₹17.03 (Cash and cash equivalents: ₹12.39, Trade Receivables: ₹4.29, Other current assets: ₹0.35)
  • Total Assets: ₹265.46 (FY25: ₹275.70)

Equity and Liabilities (₹ in Lakhs):

  • Equity Share Capital: ₹340.19
  • Other Equity: ₹(95.14)
  • Total Equity: ₹245.05 (FY25: ₹258.23)
  • Non-current Liabilities: ₹15.00 (Borrowings)
  • Current Liabilities: ₹5.41 (Trade payables: ₹4.77, Other current liabilities: ₹(1.59), Current tax liabilities: ₹2.24)
  • Total Liabilities: ₹20.41 (FY25: ₹17.47)

Cash Flow Statement (Year Ended March 31, 2026)

  • Cash from Operating Activities: ₹(17.18)
  • Cash from Investing Activities: ₹0.00
  • Cash from Financing Activities: ₹(0.02) (Interest paid)
  • Net decrease in cash: ₹(17.20)
  • Cash at beginning of year: ₹29.59
  • Cash at end of year: ₹12.39

Audit and Compliance Details

The Audit Committee reviewed the financial results on the same date (29 May 2026). Statutory Auditors M/s. Batra Deepak & Associates (Firm Registration No. 005408C) issued an unmodified audit opinion on the financial results. The audit was conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013.