Acrow India returns to profit in FY26, auditors flag gratuity provision

Acrow India Limited reported a net profit of ₹43.05 lakh for the financial year ended March 31, 2026, reversing the net loss of ₹27.27 lakh recorded in the previous year. Revenue from operations for FY26 stood at ₹598.60 lakh. The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026.

The company’s total income for the year rose to ₹1,158.45 lakh, while total expenses were reported at ₹1,097.18 lakh. For the quarter ended March 31, 2026, the company recorded a net loss of ₹2.28 lakh, with revenue from operations at ₹105.14 lakh. The earnings per share (EPS) for the full year was reported at ₹6.73 on a basic and diluted basis.

Qualified Opinion

Gautam N Associates, the statutory auditors, issued a qualified opinion in their report. The qualification arises because the company has not made provision for gratuity liability in respect of its employees as required under applicable Accounting Standards and the provisions of the Companies Act, 2013. The auditors stated that in the absence of an actuarial valuation or a reliable estimate, they are unable to determine the extent of the adjustment required in employee benefit expenses and the resulting impact on the Statement of Profit and Loss.

Management clarified that the impact is not quantifiable as there are only two employees on the payroll and none of the labour laws are applicable to the company. Consequently, the adjusted figures after considering the qualification remain the same as the reported audited figures.

Financial Results

The following table details the financial performance for the quarter and year ended March 31, 2026:

Particulars	Quarter Ended Mar 31, 2026 (Audited)	Year Ended Mar 31, 2026 (Audited)
Income
Revenue from operations	105.14	598.60
Other Income	35.08	159.85
Total Income	140.22	1,158.45
Expenses
Purchases/Material Consumed	103.57	986.50
Employee benefit expenses	19.60	38.20
Depreciation and amortization expenses	5.86	23.42
Other expenses	13.73	49.06
Total Expenses	142.76	1,097.18
Net Profit/(Loss)	(2.28)	43.05

Board Decisions

Along with the financial results, the board approved the appointment of M/s. M K Ghatiya & Associates, Company Secretaries, as the Internal Auditor of the company for the financial year 2026-27. The meeting commenced at 5.00 p.m. and concluded at 7.00 p.m.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.00%	+3.40%	+7.00%	+26.29%	+26.27%	+566.48%

Acrow India Limited has notified BSE Limited of a forthcoming Board of Directors meeting, scheduled in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, dated May 18, 2026, was submitted by Company Secretary & Compliance Officer Arvind Kumar Modi.

Board Meeting Details

The meeting is set to be held at the company's registered office located at Plot No. T-27, STPI Park, M.I.D.C., Chikalthana, Chhatrapati Sambhaji Nagar, Maharashtra. The following table summarises the key details of the scheduled board meeting:

Parameter:	Details
Meeting Date:	Thursday, May 28, 2026
Meeting Time:	05:00 p.m.
Venue:	Registered Office, Chhatrapati Sambhaji Nagar, Maharashtra
Regulatory Reference:	Regulation 29 of SEBI LODR Regulations, 2015
Intimation Date:	May 18, 2026

Agenda for the Meeting

The Board of Directors will convene to transact the following businesses:

Consideration and approval of the Audited Financial Statements for the Quarter and Financial Year ended March 31, 2026
Any other items with the permission of the chair

Regulatory Compliance

The intimation has been filed in accordance with the disclosure requirements prescribed under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The notice was formally communicated to the General Manager, BSE Limited, at P. J. Towers, Dalal Street, Fort, Mumbai – 400001, and was digitally signed by Arvind Kumar Modi, Company Secretary & Compliance Officer, on May 18, 2026.