The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, along with the Limited Review Reports issued by the Statutory Auditors.
Key Board Decisions:
- Cessation of Director: Mr. Nitin Hariyantlal Datanwala (DIN: 00047544) ceased as a Non-Executive Independent Director effective close of business hours on August 10, 2026, upon completion of his second and final term.
- Chairperson Change: Ms. Leena Vikram Doshi ceased as Chairperson of the Board effective close of business hours on August 10, 2026, but continues as Managing Director and Executive Director.
- New Chairperson Appointment: Mr. Piyush Arun Vora (DIN: 00018995), Non-Executive Independent Director, appointed as Regular Non-Executive Independent Chairperson effective August 11, 2026.
- Internal Auditor Appointment: Based on Audit Committee recommendations, appointed M/s. Hemraj Chheda & Co., Chartered Accountants (Firm Registration No. 033187) as Internal Auditor for Financial Year 2026-27.
- Secretarial Auditor Appointment: Based on Audit Committee recommendations, appointed M/s. Sanil Dhayalkar & Co., Company Secretaries (Peer Review Certificate No. 2796/2022) as Secretarial Auditor for Financial Year 2025-26, proposed for a five-year term from FY 2026-27 to FY 2030-31 subject to member approval at the ensuing AGM.
Financial Results (Standalone) for Q1 FY27:
- Income: ₹51.99 lakhs (from recoveries of financial assets written off)
- Expenses: ₹223.30 lakhs (Employee benefits: ₹1.73 lakhs, Depreciation: ₹0.03 lakhs, Other expenses: ₹221.54 lakhs)
- Loss before tax: ₹(171.31) lakhs
- Loss after tax: ₹(171.31) lakhs
- Total Comprehensive Income: ₹(171.31) lakhs
- Paid-up Equity Share Capital: ₹2499.03 lakhs (Face value Re. 1 each)
- EPS: Basic and Diluted (₹0.069) per share
Financial Results (Consolidated) for Q1 FY27:
Includes results of subsidiaries: M/s Atco Limited, M/s Edesk Services Limited, and M/s Atcomaart Services Limited
- Income: ₹51.99 lakhs (from recoveries of financial assets written off)
- Expenses: ₹223.30 lakhs (Employee benefits: ₹1.73 lakhs, Depreciation: ₹0.03 lakhs, Other expenses: ₹221.54 lakhs)
- Loss before tax: ₹(171.31) lakhs
- Loss after tax: ₹(171.31) lakhs
- Total Comprehensive Income: ₹(171.31) lakhs
- Paid-up Equity Share Capital: ₹2499.03 lakhs (Face value Re. 1 each)
- EPS: Basic and Diluted (₹0.069) per share
Additional Information:
- The Company operates in a single reportable segment
- Financial results will be published in "Business Standard" and "Mumbai Lakshadeep" newspapers
- The financial results were reviewed by the Audit Committee and approved by the Board
- Statutory Auditors J D Jhaveri & Associates (Firm Registration No: 111850W) issued clean limited review reports for both standalone and consolidated results
- The company has adopted Indian Accounting Standards (Ind AS) from April 1, 2019