Ace Men Engg Works Limited has confirmed the book closure period for its upcoming Annual General Meeting. The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 30, 2026, inclusive.

The company scheduled its 46th AGM for Wednesday, September 30, 2026, at 3:00 pm via video conferencing. The board approved the draft annual report and notice on September 5, 2026.

Shareholders can vote remotely between September 27 and September 29, 2026. Voting rights are reckoned on the paid-up value of shares registered as on September 23, 2026. Central Depository Services Limited (CDSL) will facilitate the e-voting process.

Financial Performance

The company reported consolidated revenue of ₹1,087.33 lakh and a net profit of ₹16.40 lakh for FY26. This marks a significant improvement from nil profit in the prior period, driven by the acquisition of wholly-owned subsidiary Manibhadra Industries Private Limited (MIPL) in November 2025.

The standalone entity reported minimal operational activity, with total income of ₹7.73 lakh primarily from other income sources.

Director Appointments

The board recommended the reappointment of Mr. Ruchir Patel (DIN: 09840600), who retires by rotation. Two additional non-executive independent directors were appointed:

• Mr. Virendrasinh Kirtisinh Parmar (DIN: 09368575), with experience in sales and marketing.
• Mr. Bhaumik Kirankumar Raval (DIN: 11927254), with experience in finance and administration.

Both appointments require regularization by shareholders at the ensuing AGM. Neither director is related to existing key managerial personnel.

Statutory Auditor Appointment

The company appointed M/s. Kakaria & Associates LLP (FRN: 104558W) as statutory auditor for five consecutive years, commencing from FY27 to FY31. This appointment replaces M/s. S P A K & Associates, which resigned effective February 11, 2026. Shareholder approval is required at the AGM.

Corporate Governance

Mr. Pratik Bangade was appointed as scrutinizer for the AGM. The register of members will remain closed from September 24 to September 30, 2026. The company emphasized compliance with SEBI Listing Regulations and the Companies Act, 2013, noting that no frauds were reported by statutory auditors during the year.

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.