Ashoka Refineries Limited disclosed multiple outcomes from its Board of Directors meeting held on Thursday, 13th August 2026, which commenced at 03:00 PM and concluded at 3:50 PM.

Financial Results Disclosure

The Board approved the Standalone Un-Audited Financial Results of the Company for the quarter ended June 30, 2026, together with Auditors' Limited Review Report of the Statutory Auditor(s) in terms of Regulation 33 of SEBI LODR Regulations. The results were also reviewed by the Audit Committee at its meeting held on the same day.

Financial Performance Highlights (Rs in Lakhs except EPS):

  • Revenue from operations: ₹0.81 lakh (Q1 FY27) vs ₹0.84 lakh (Q4 FY26) vs ₹3.64 lakh (FY26 annual)
  • Total Income from Operations: ₹0.81 lakh (Q1 FY27) vs ₹0.84 lakh (Q4 FY26)
  • Purchase of Stock in trade: ₹0.76 lakh (Q1 FY27) vs ₹0.78 lakh (Q4 FY26) vs ₹0.27 lakh (Q1 FY26) vs ₹3.35 lakh (FY26 annual)
  • Employees benefits expenses: ₹2.34 lakh (Q1 FY27) vs ₹2.34 lakh (Q4 FY26) vs ₹2.73 lakh (Q1 FY26) vs ₹9.45 lakh (FY26 annual)
  • Other Expenses: ₹1.61 lakh (Q1 FY27) vs ₹1.85 lakh (Q4 FY26) vs ₹0.96 lakh (Q1 FY26) vs ₹6.32 lakh (FY26 annual)
  • Total expenses: ₹4.71 lakh (Q1 FY27) vs ₹4.98 lakh (Q4 FY26) vs ₹3.71 lakh (Q1 FY26) vs ₹19.14 lakh (FY26 annual)
  • Profit/Loss before tax: (₹3.90) lakh loss (Q1 FY27) vs (₹4.14) lakh loss (Q4 FY26) vs (₹3.71) lakh loss (Q1 FY26) vs (₹15.50) lakh loss (FY26 annual)
  • Profit/(loss) for the period: (₹3.90) lakh (Q1 FY27) vs (₹4.14) lakh (Q4 FY26) vs (₹3.71) lakh (Q1 FY26) vs (₹15.50) lakh (FY26 annual)
  • Total Comprehensive Income for the period: (₹3.90) lakh (Q1 FY27) vs (₹1.82) lakh (Q4 FY26) vs (₹3.71) lakh (Q1 FY26) vs (₹13.18) lakh (FY26 annual)
  • Paid-up Share Capital: ₹340.19 lakh (unchanged across all periods)
  • Earnings per equity share (Basic): (₹0.11) (Q1 FY27) vs (₹0.05) (Q4 FY26) vs (₹0.11) (Q1 FY26) vs (₹0.39) (FY26 annual)

The financial results were prepared in accordance with Companies (Indian Accounting Standard) Rules, 2015 (IND-AS) prescribed under Section 133 of the Companies Act, 2013. Management stated that it is appropriate to recognise/de-recognise Deferred Tax (Assets)/Liabilities on a half-yearly basis.

Internal Auditor Re-appointment

The Board approved the re-appointment of M/s Suraj Rajput & Co, Chartered Accountants (FRN: 028362C), as the Internal Auditor of the Company for the Financial Year 2026-27, pursuant to the provisions of Section 138 of the Companies Act, 2013 and the rules made thereunder.

Internal Auditor Details:

  • Firm Name: M/s Suraj Rajput & Co
  • Address: A-24, Jyoti Vihar, Khamtarai, Bilaspur (C.G) 495001
  • Term: One year i.e., F.Y 2026-27
  • Appointment effective: 13.08.2026
  • Profile: The firm has specialization and good working experience in taxation, decision-making related to business, and other business laws.

Independent Director Re-appointment

The Board approved the re-appointment of Mr. Aditya Sharma (DIN - 08718848), as an independent director for the second term of 5 years with effect from 13.08.2026 to 12.08.2031, subject to the approval of shareholders at the ensuing AGM.

Independent Director Details:

  • Name: Mr. Aditya Sharma
  • DIN: 08718848
  • Term: 5 years w.e.f. 13.08.2026
  • Relationship: Not related to any Director of the company
  • Qualifications: Bachelor of Engineering (B.E.) in Mechanical Engineering
  • Profile: Extensive experience in Plant & Machinery and allied equipment with sound understanding of technical and operational aspects of plant and machinery, including their management, maintenance and effective utilization. Also has good understanding of finance, management and commercial matters.
  • Compliance: Declaration obtained that he is not debarred from holding office of a director by virtue of any order passed by SEBI or any other authority (per BSE Circular No. LIST/COMP/14/2018-19 dated June 20, 2018).

Auditor's Review Report

Batra Deepak & Associates, Chartered Accountants (Firm Reg. No.: 005408C), provided an unmodified review opinion on the financial results. Their review was conducted in accordance with Standard on Review Engagements (SRE) 2410 and SEBI Circular No. CIR/CFD/CMDI/44/2019 dated March 29, 2019. They concluded that nothing came to their attention that causes them to believe that the statement contains any material misstatement.