Financial Results Overview

Standalone Results for Year Ended March 31, 2026:

  • Total Income: ₹1,633.70 lakhs
  • Total Expenses: ₹3,185.15 lakhs
  • Loss Before Tax: ₹(1,551.45) lakhs
  • Loss from Discontinued Operations: ₹(1,551.45) lakhs
  • Earnings Per Share (Basic and Diluted): ₹(0.26)
  • Paid-up Equity Share Capital: ₹5,980.65 lakhs (Face Value ₹1 per share)
  • Other Equity: ₹(1,00,161.35) lakhs

Quarterly Standalone Results (Q4 FY26):

  • Total Income: ₹685.34 lakhs
  • Total Expenses: ₹533.87 lakhs
  • Profit Before Tax: ₹151.47 lakhs
  • Profit from Discontinued Operations: ₹151.47 lakhs
  • EPS: ₹0.03

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

  • Total Assets: ₹28,602.49 lakhs
  • Current Assets: ₹28,309.15 lakhs (including Trade Receivables: ₹13,533.76 lakhs, Cash & Cash Equivalents: ₹815.28 lakhs)
  • Total Equity: ₹(94,180.70) lakhs
  • Current Liabilities: ₹1,15,930.23 lakhs (including Trade Payables: ₹1,13,740.21 lakhs)
  • Current liabilities exceed current assets by ₹87,621.08 lakhs

Cash Flow Statement (Standalone FY26)

  • Net Cash Used in Operating Activities: ₹(4,876.78) lakhs
  • Net Cash Flow from Investing Activities: ₹0.00 lakhs
  • Net Cash Used in Financing Activities: ₹(1,973.79) lakhs
  • Net Decrease in Cash: ₹(6,850.57) lakhs
  • Cash & Cash Equivalents at year-end: ₹815.28 lakhs

Critical Accounting Policies and Notes

1. Non-Going Concern Basis:

Consequent to settlement of debt and receipt of sale proceeds from sale of core and non-core assets controlled by ACRE, there are no revenue-generating businesses left with the Company. Financials have been prepared on a 'not a going concern' basis, reflecting discontinued business operations effective from quarter ended June 30, 2024.

2. Contingent Liabilities and Disputes:

Various claims and reliefs against the company totaling approximately ₹1,278.26 crores are disputed in various forums, courts, and appeals, including arbitration awards. Major disputes include:

  • Water cess: ₹591.27 crores
  • Arbitration awards: Trammo (₹165.20 crores), Tecnimont (₹47.28 crores), PIPL (₹49.71 crores), Anand Bharti claim (₹21.63 crores)
  • The appeal against Pipeline Infrastructure Ltd arbitration award was dismissed by Bombay High Court; company is appealing under section 37

3. GAIL Related Matters:

  • Company owes GAIL ₹467 crores for gas supply after adjusting deposit of ₹85.50 crores and interest recovered of ₹301 crores
  • Disputing interest claims of ₹597 crores (₹301 crores already adjusted by GAIL + ₹296 crores new claims till March 31, 2026)
  • Company has assigned its rights to AMPL to pursue claims against GAIL for pipeline negligence
  • GAIL has filed petition under section 9 of Arbitration Act for outstanding dues

4. Royalty Claim:

Related party claim for royalty payment of ₹836.67 crores (principal and interest as of March 31, 2021) under License Agreement dated January 29, 1998. Company acknowledges contract and liability.

5. Government Subsidy Claims:

Company pursuing various subsidy claims with Government including reimbursement of Energy consumed, AP State Electricity Duty paid and IGST. Funds from these claims, if received, will be used for settlement of recognized, reconciled liabilities.

6. Other Claims:

  • Received claims from parties for settlement of dues including rentals totaling ₹41,86,02,859
  • Dealer deposits, credit notes and trade advances subject to reconciliation

Board Meeting Details

  • Meeting held on June 30, 2026
  • Commenced at 6:00 PM and concluded at 7:00 PM
  • Audit Committee reviewed and recommended the financial results