Automobile Products of India reported audited FY26 net loss of ₹173.42 lakh with total income of ₹17.00 lakh, approved by board on May 19, 2026.
Auditor issued unmodified opinion but emphasized going concern basis as net worth fully eroded, with holding company providing financial support.
Company incurred BSE penalties of ₹32.45 lakh for FY26 due to minimum public shareholding non-compliance, resolved via recent rights issue.
Rights issue of 13.99 lakh shares completed April 28, 2026, increasing public shareholding from 15.29% to 34.36% to meet regulatory requirements.