Ace Men Engg Works Limited ( Ace Men Engg Works ) reported a consolidated net profit of ₹21.05 lakh for the quarter ended June 30, 2026, rising from ₹11.55 lakh in the previous quarter. The engineering firm’s consolidated revenue from operations stood at ₹399.37 lakh, while standalone operations recorded a profit of ₹0.73 lakh despite reporting nil revenue from operations.

The Board of Directors approved the unaudited financial results at a meeting held on August 13, 2026. Independent auditors SPAK & Associates issued an unmodified opinion on both the consolidated and standalone results.

Consolidated Financial Performance

The group’s total income was ₹404.77 lakh, driven by ₹399.37 lakh from operations and ₹5.40 lakh in other income. Total expenses amounted to ₹365.37 lakh, comprising ₹419.68 lakh in purchase of stock in trade, offset by a negative change in inventories of ₹(76.53) lakh. Employee benefit expenses rose to ₹5.84 lakh from ₹3.24 lakh in the prior quarter.

EBITDA expanded to ₹39.40 lakh from ₹27.66 lakh in the preceding quarter. Finance costs decreased slightly to ₹10.72 lakh from ₹11.40 lakh. Tax expense for the period was ₹7.34 lakh, including ₹7.19 lakh in current tax and ₹0.09 lakh in deferred tax.

Standalone Operations

Standalone results showed a profit of ₹0.73 lakh for the quarter, reversing a loss of ₹1.35 lakh in the previous quarter. The parent entity reported no revenue from operations. Total income of ₹1.55 lakh came entirely from other income, against total expenses of ₹0.82 lakh.

Employee benefit expenses at the standalone level were ₹0.27 lakh, down from ₹0.56 lakh in the prior quarter. No finance cost or depreciation was recorded in the standalone books for the current quarter.

What the Numbers Show

The consolidated result is entirely attributable to the subsidiary, Manibhadra Industries Private Limited, acquired in November 2025. With the parent entity recording zero operational revenue, the group’s ₹399.37 lakh revenue and ₹21.05 lakh profit reflect solely the subsidiary’s performance during its first full quarter of consolidation.

Auditor Review

SPAK & Associates conducted the review in accordance with Standard on Review Engagement (SRE) 2410. The auditors noted that the subsidiary’s interim financial results, reflecting revenue of ₹399.37 lakh and net profit of ₹21.05 lakh before consolidation adjustments, were not reviewed by its own auditor but were certified by management as not material to the Group.

Ace Men Engg Works Ltd has accepted the resignation of Sourabh Gopichand Gaikwad as an Independent Director, effective from the close of working hours on June 01, 2026. The company disclosed that the resignation was due to preoccupation. This change impacts the board composition as the director steps down from his position.

The resignation was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no material reasons for the resignation other than those stated in the resignation letter. The disclosure was made to BSE Limited on June 25, 2026.

Sourabh Gopichand Gaikwad, holding DIN 10692920, is not currently holding any directorships in other listed entities. The company provided the necessary details regarding the cessation of directorship in accordance with SEBI circulars dated July 13, 2023, and November 11, 2024.

The following table summarizes the key details of the resignation:

The filing was signed by Ruchir Patel, Managing Director of Ace Men Engg Works Ltd. The company has requested the exchange to take the resignation on record.