Acrow India Limited shareholders adopted the audited standalone financial statements for FY26 during the 66th Annual General Meeting held on September 30, 2026. The company reported a net profit of ₹43.05 lakh, marking a turnaround from a loss of ₹88.08 lakh in the previous year.

The meeting also approved the re-appointment of Mr. Shyam Agrawal as director and authorized the development and sale of plot no. J-3/1 in MIDC, Chikalthana. The event was conducted via video conferencing, with remote e-voting facilitated through NSDL.

Financial Performance Overview

The company’s operational performance showed robust growth in topline revenue, although margins faced pressure from higher cost of materials consumed. Revenue from operations grew significantly to ₹996.60 lakh, up from ₹323.82 lakh in FY25. Employee benefits expenses increased to ₹38.20 lakh from ₹27.28 lakh in the previous year. Other expenses decreased to ₹49.06 lakh from ₹81.85 lakh.

The improvement in bottom line was driven by a substantial increase in operational revenue, which more than tripled year-on-year. However, other income declined to ₹159.85 lakh from ₹250.30 lakh in the prior period, primarily due to the absence of profits on the sale of fixed assets recorded in FY25. Profit before tax stood at ₹59.27 lakh, compared to ₹116.37 lakh in FY25.

Balance Sheet and Cash Flow Dynamics

The company’s total assets decreased to ₹2,382.19 lakh as of March 31, 2026, from ₹2,787.06 lakh in the previous year. A significant reduction was observed in trade receivables, which dropped to ₹8.95 lakh from ₹340.01 lakh. Similarly, trade payables reduced sharply to ₹14.21 lakh from ₹341.74 lakh. Cash and cash equivalents stood at ₹0.28 lakh, down from ₹6.65 lakh.

Net cash used in operating activities widened to ₹346.99 lakh in FY26 from ₹77.67 lakh in FY25, largely due to working capital changes and income tax payments. Investing activities generated a net cash inflow of ₹340.63 lakh, driven by interest income and repayment of inter-corporate loans.

What the Numbers Show

A critical divergence exists between the sharp rise in operational revenue and the decline in profit before tax. While revenue grew by over 200%, PBT fell by nearly 50%. This indicates that the incremental revenue generated lower margins compared to the previous year, or that non-operating income contributed significantly more to the prior year's profitability. Additionally, the massive reduction in trade receivables and payables suggests a rapid settlement cycle or a shift in trading dynamics during the fiscal year.

Corporate Governance and Compliance

The Board of Directors did not recommend any dividend for the equity shares for FY26. The statutory auditors, M/s. Gautam N Associates, issued a qualified opinion regarding the non-provision for gratuity liability, citing that only three employees are on the payroll and labor laws are not applicable. The secretarial audit report noted minor compliance delays in filing shareholding patterns and board meeting outcomes with BSE, for which penalties were paid.

During the AGM, Mr. Gopal Agrawal, Managing Director, took the chair and informed members that questions from shareholders were addressed via email. Mr. Kiran Doshi, Practising Company Secretary, served as the scrutinizer for the e-voting process.

Acrow India Limited has announced that the record date for e-voting at its 66th Annual General Meeting will be September 18, 2026. The Board of Directors confirmed this date in a communication to BSE Limited on September 5, 2026.

The 66th AGM is scheduled to take place on September 30, 2026. The company will hold the meeting via video conference at 4:00 pm. Members participating remotely will be deemed present for quorum purposes under the Companies Act, 2013 and SEBI Listing Regulations. The public notice for the meeting was published on September 8, 2026, in Free Press Journal and Navshakti.

Key Agenda Items

The AGM features two primary items of business alongside standard procedural matters.

Ordinary Business

Members will consider and adopt the Audited Standalone Financial Statements for FY26 along with reports from the Board of Directors and Auditors. Additionally, Mr. Shyam Agrawal (DIN: 02192098) retires by rotation and offers himself for re-appointment as Whole-Time Director.

Special Business: Asset Monetization

The Board seeks member consent via special resolution to develop, construct, and sell Plot No. J-3/1, MIDC, Chikalthana, Chhatrapati Sambhaji Nagar (formerly Aurangabad). This resolution is proposed under Section 180(1)(a) of the Companies Act, 2013.

The Board is authorized to undertake plotting or construction for commercial, industrial, residential, or mixed-use purposes. It may engage third-party developers or joint-venture partners. The property can be sold on an "as-is-where-is" basis or post-development to single or multiple buyers at negotiated terms.

Financial Performance Context

The explanatory statement highlights the company's recent financial results to contextualize the strategic initiatives.

Revenue from operations more than tripled in FY26 compared to FY25. However, profit before tax declined nearly 50%, driven by a significant drop in other income which fell from ₹250.30 lakh to ₹159.85 lakh. Despite this, the company turned profitable, reporting a net profit of ₹43.05 lakh against a net loss of ₹88.08 lakh in the previous year.

What the Numbers Show

The turnaround in net profitability was significantly aided by a reversal in deferred tax charges. While current tax expenses remained substantial at ₹20.24 lakh, a deferred tax credit of ₹5.64 lakh helped mitigate the impact, contrasting sharply with FY25 where deferred tax charges amounted to ₹150.37 lakh, contributing heavily to the prior year's loss.

Meeting Details

The company will dispatch the AGM notice along with standalone financial statements for FY26 to members with registered email addresses. These documents are also available on the company website and BSE Limited platform.

Key Dates and Procedures

• AGM Date: September 30, 2026
• Time: 4:00 pm IST
• Mode: Video Conferencing / Other Audio-Visual Means
• Voting: Remote e-voting facility available for eligible members
• Record Date: September 18, 2026
• Book Closure: September 19, 2026 to September 30, 2026
• E-voting Window: September 27, 2026, 9:00 am to September 29, 2026, 5:00 pm IST

Members holding shares in physical mode must register or update KYC details including email addresses with Adroit Corporate Services Private Limited. Demat holders should update details with their respective depository participants.

Login credentials for e-voting will be sent via email. Those without registered emails can generate credentials using instructions in the AGM notice notes. The facility for appointment of proxies is not available for this virtual meeting.