Adhata Global Limited reported a standalone net loss of ₹21.34 lakh for the quarter ended June 30, 2026 (Q1FY26), marking a substantial improvement from the ₹75.18 lakh loss posted in the preceding quarter. Revenue from operations fell sharply to ₹50 lakh, down from ₹209.36 lakh in the corresponding period of FY25 and ₹11.79 lakh in Q4FY26.

The Kolkata-based firm, which primarily trades Okume veneer, saw its total income drop to ₹52.61 lakh from ₹212.20 lakh in Q1FY25. While revenue contracted, the company managed to reduce its operational losses significantly on a sequential basis.

Financial Performance

The Board of Directors approved the unaudited standalone financial results at a meeting held on August 13, 2026. The limited review was conducted by statutory auditors C. K. Chandak & Co.

Expenses for the quarter totaled ₹73.95 lakh, an increase from ₹61.67 lakh in the previous quarter but a significant decrease from ₹228.57 lakh in Q1FY25. Purchases of stock-in-trade amounted to ₹9.99 lakh, while changes in inventories added ₹30.99 lakh to expenses. Employee benefits expense remained relatively stable at ₹10.73 lakh compared to ₹11.50 lakh in Q4FY26.

What the Numbers Show

The divergence between the sharp decline in revenue and the narrower sequential loss highlights improved cost containment despite low trading volumes. In Q4FY26, expenses were ₹61.67 lakh against minimal revenue of ₹11.79 lakh, leading to a larger loss. In Q1FY26, although revenue increased fourfold sequentially to ₹50 lakh, expenses rose to ₹73.95 lakh. However, the higher revenue base helped reduce the absolute loss by over ₹53 lakh compared to the prior quarter. This suggests that fixed costs are being better absorbed when transaction volumes pick up, even if they remain below year-ago levels.

Balance Sheet and Fund Utilization

As per the disclosure format, Adhata Global’s total financial indebtedness stood at ₹2.03 crore as on June 30, 2026. Outstanding loans and revolving facilities from banks and financial institutions amounted to ₹1.35 crore, with no defaults reported.

The company raised ₹9.50 crore through a preferential issue of warrants convertible into equity shares in September 2025. As of the current quarter, ₹2.375 crore has been utilized towards working capital requirements, business expansion, and general corporate purposes. The Audit Committee confirmed there is no deviation in the utilization of these funds.

Adhata Global Limited shareholders approved all five resolutions during its 33rd Annual General Meeting held on July 14, 2026, at its registered office in Kolkata. The meeting saw the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of M/s. C. K. Chandak & Co., Chartered Accountants, as statutory auditors for the term FY 2026-27 to FY 2030-31. Additionally, the company approved material related party transactions worth up to ₹2.5 Crores with M.V Credit Capital Private Limited under Regulation 23 of the SEBI (LODR) Regulations, 2015.

Voting Results Summary

The scrutinizer, Ms. Arti Vyas, Practising Company Secretary, reported that a total of 35,19,104 votes were polled on the resolutions. The resolutions were passed via remote e-voting and poll, with no votes cast through postal ballot. Promoters held 35,16,625 shares, while public non-institutions held 2,479 shares.

Key Resolutions and Appointments

Mr. Vivek Agarwala was re-appointed as a director, liable to retire by rotation, and FCS Mr. Kamal Kumar Sharma was appointed as the Secretarial Auditor for a term of five consecutive years commencing from FY 2025-26. The voting pattern showed strong support from promoters, with 100% of votes cast in favour across most resolutions, while public shareholders cast a small number of votes against.

Procedural Details

Remote e-voting was conducted through NSDL's website from July 11, 2026, to July 13, 2026. The record date for determining shareholder eligibility was July 07, 2026. The scrutinizer confirmed compliance with the Companies Act, 2013, and SEBI regulations regarding the voting process.