Adhbhut Infrastructure Limited has filed its annual report for the financial year ended March 31, 2026, with the Bombay Stock Exchange (BSE). The filing discloses a widening net loss and outlines key corporate actions, including the scheduling of its 41st Annual General Meeting (AGM) for September 30, 2026.

The company reported a net loss of ₹157.71 lakh for FY26, compared to a loss of ₹64.31 lakh in the previous year. Revenue from operations declined to ₹61.41 lakh from ₹82.62 lakh in FY25. The board of directors did not recommend any dividend for the financial year.

Financial Performance Overview

The company’s total income fell to ₹63.19 lakh in FY26 from ₹83.47 lakh in FY25. This decline was driven by lower revenue from operations, which dropped to ₹61.41 lakh from ₹82.62 lakh. Other income increased slightly to ₹1.79 lakh from ₹0.85 lakh.

Total expenses rose significantly to ₹213.56 lakh from ₹178.63 lakh in the prior year. Key expense drivers included:

• Employee benefit expenses: ₹45.34 lakh (up from ₹10.12 lakh)
• Depreciation and amortization: ₹105.42 lakh (up from ₹105.24 lakh)
• Finance cost: ₹29.64 lakh (up from ₹27.08 lakh)
• Other expenses: ₹33.15 lakh (down from ₹36.19 lakh)

AGM and Shareholder Approvals

Adhbhut Infrastructure has scheduled its 41st AGM for September 30, 2026, at 12:30 pm at its registered office in Gurugram. The meeting will address ordinary business, including the adoption of audited financial statements and the reappointment of Mr. Anubhav Dham as a director retiring by rotation.

Shareholders will be asked to approve several special resolutions:

• Borrowing limits up to ₹10 crore under Section 180(1)(c) of the Companies Act, 2013.
• Related party transactions up to ₹10 crore for FY27 under Section 188.
• Loans and guarantees up to ₹80 crore under Section 185.

Remote e-voting will be available from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. The cut-off date for voting entitlements is September 23, 2026.

What the Numbers Show

The widening loss in FY26 was primarily driven by a sharp increase in employee benefit expenses, which rose more than fourfold to ₹45.34 lakh from ₹10.12 lakh. This operational cost surge occurred alongside a 25% decline in revenue from operations, indicating significant pressure on the company's cost structure relative to its income generation. Additionally, accumulated losses have eroded the company's net worth, leading auditors to highlight material uncertainty regarding the company's ability to continue as a going concern.

Adhbhut Infrastructure Limited reported a narrowed net loss for the first quarter of FY27, though operational revenue remained stagnant. The company posted a net loss of ₹40.11 lakh for the quarter ended June 30, 2026, compared to a loss of ₹33.36 lakh in the corresponding period of FY26. Total income from operations stood at ₹15.36 lakh, marginally up from ₹15.33 lakh in Q1FY26.

The company’s pre-tax loss before exceptional items was recorded at ₹38.61 lakh, an improvement from the ₹33.34 lakh loss reported in the prior year’s quarter. Earnings per share (basic and diluted) were negative at ₹0.36 per share, compared to negative ₹0.30 in the same period last year.

Financial Performance

The financial data for the quarter and the preceding year-end are detailed below:

What the Numbers Show

While the absolute net loss decreased slightly year-on-year, the company’s equity position remains under pressure. The paid-up equity share capital stands at ₹1,100.00 lakh, but other equity is negative at ₹(1,935.00) lakh as of March 31, 2026. This indicates that accumulated losses have significantly eroded shareholder equity, exceeding the paid-up capital by a wide margin.

Corporate Governance

The Audit Committee reviewed and recommended the financial results, which were subsequently approved by the Board of Directors in a meeting held on August 13, 2026. The statutory auditors have conducted a limited review of the unaudited financial results for the quarter ended June 30, 2026. Comparative figures for the previous periods have been regrouped or reclassified to ensure comparability with the current period's data.