Aditya Forge Limited reported a net profit of ₹13.05 lakh for the financial year ended March 31, 2026, a sharp decline of 98% from ₹699.34 lakh in the previous year, as the company recorded zero revenue from operations. The Board of Directors approved the audited standalone financial results on May 25, 2026. The company's total expenses for FY26 fell to ₹9.97 lakh from ₹586.36 lakh in FY25, driven primarily by a reduction in other expenses. Despite the profit, the company's net worth remained negative at ₹341.39 lakh, with negative reserves widening to ₹772.25 lakh from ₹785.31 lakh in the prior year.

The financial position shows total assets decreasing to ₹138.62 lakh as of March 31, 2026, from ₹227.03 lakh a year earlier. Cash and cash equivalents dropped significantly to ₹0.53 lakh from ₹36.92 lakh, while trade payables increased to ₹99.84 lakh from ₹73.08 lakh. For the quarter ended March 31, 2026, the company reported a net profit of ₹21.15 lakh, compared to a net loss of ₹106.59 lakh in the same quarter of the previous year. The quarterly profit was aided by a reversal of excess tax provision of earlier years amounting to ₹23.02 lakh.

Audit Qualifications and Compliance

Statutory auditors M A A K & Associates issued a qualified opinion on the financial results. The auditors stated they were not provided with balance confirmations or details for trade payables, loans, and advances receivable or payable shown in the books of accounts. Consequently, they were unable to confirm the balance and nature of these transactions. The auditors noted this is a repetitive qualification and recommended that the Board and Audit Committee prioritize establishing a formal process for periodic balance confirmations.

The company's management asserted that balance confirmations are pending due to procedural delays and claimed the matter would not affect the financials. However, the auditors disagreed, stating they could not concur with this assertion and warned that any misstatement in these balances could have a material impact on the financial position. The audit report also highlighted uncertainties relating to an income tax notice received by the company, for which no provision has been made.

Financial Performance Summary

The following table outlines the key financial metrics for Aditya Forge Limited for the financial year ended March 31, 2026, compared to the previous year:

Aditya Forge Limited has filed its quarterly compliance certificate with BSE Limited under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate, submitted on April 09, 2026, demonstrates the company's adherence to regulatory requirements for share dematerialization processes.

Regulatory Compliance Details

The filing pertains to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which mandates quarterly reporting of dematerialization activities. Managing Director Nitin Rasiklal Parekh (DIN: 00219664) signed the submission on behalf of Aditya Forge Limited, which trades under BSE code 522150.

RTA Confirmation Certificate

Adroit Corporate Services Pvt. Ltd., serving as the company's Registrar and Share Transfer Agent, provided comprehensive confirmation of compliance with dematerialization procedures. The RTA confirmed that all securities received from depository participants during Q4 FY26 were properly processed and either accepted or rejected to the depositories as required.

The confirmation certificate, dated April 01, 2026, validates several critical compliance aspects:

• Securities comprised in dematerialized certificates are listed on stock exchanges where previously issued securities are traded
• Physical share certificates received for dematerialization were mutilated and cancelled after proper verification by depository participants
• Depository names were substituted in the register of members as registered owners within the mandated 15-day period

Corporate Information

Aditya Forge Limited operates from its registered address at 415 GIDC Ramangamdi, Por, Dist. Vadodara, Vadodara 391243. The company maintains its regulatory compliance through Adroit Corporate Services Pvt. Ltd., located at 19-20 Jaferbhoy Industrial Estate, Makwana Road, Marol Naka, Andheri (E), Mumbai, Maharashtra, 400059.

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in share dematerialization processes and maintaining investor confidence in the company's adherence to SEBI guidelines.