Ajel Limited reported a consolidated net loss of ₹43.98 lakh for the financial year ended March 31, 2026, narrowing from a loss of ₹165.95 lakh in the previous year. Revenue from operations for FY26 stood at ₹1,366.57 lakh, while total income was ₹1,399.43 lakh. The Board of Directors approved the standalone and consolidated audited financial results at a meeting held on May 30, 2026.

Statutory auditors M/s. GMK & CO LLP issued a disclaimer of opinion on the consolidated financial statements. The auditors stated they were unable to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion. Key issues cited included the inability to confirm balances of trade payables and loans & advances, and a lack of details to confirm the performance of the annual impairment test of goodwill. Additionally, the company had not provided for interest accrued on a loan from Bank of Maharashtra, which was declared a Non-performing Asset (NPA) on October 8, 2024.

The auditor's report highlighted that the company financed ₹85,96,143 under "Other Long Term Loans & Advances" which are yet to be recovered, and the status of recovery could not be confirmed. Furthermore, the auditors noted they could not verify physical share certificates or dematerialized shares for investments in listed equity shares worth ₹91.21 lakh. The financial statements also relied on unaudited numbers from the company's branch office in the USA and its step-down subsidiary, Ajel Technologies Inc., as these were not independently audited.

For the quarter ended March 31, 2026, the company reported a consolidated net loss of ₹18.48 lakh on a total income of ₹401.39 lakh. In the standalone results, the net loss for the quarter was ₹16.84 lakh, with total income at ₹140.62 lakh. The company's statutory payables amounted to ₹85.36 lakh outstanding prior to the current year, the status of which could not be confirmed by the auditors.

Financial Performance for FY26

Ajel Limited has announced that its board of directors will meet on May 30, 2026, to consider the audited financial results for the quarter and fiscal year ended March 31, 2026. The meeting is scheduled to be held at 4:00 PM pursuant to Regulation 29 of the SEBI (Listing Obligations & Disclosure Requirements), 2015.

Agenda for the Meeting

The primary agenda for the board meeting includes the consideration and approval of the company's financial performance for the fourth quarter and the full financial year. Additionally, the board will review the audit report submitted by the statutory auditors.

The key items on the agenda are:

• To consider, approve, and take on record the Audited Financial Results of the company for the quarter and year ended March 31, 2026.
• To consider and take note of the Audit Report submitted by the auditors for the quarter and year ended March 31, 2026.
• Any other business activity with the permission of the chair.

Meeting Details

The following table provides the key details regarding the upcoming board meeting:

The notice, signed by Managing Director Srinivasa Reddy Arikatla, was dispatched to the stock exchanges on May 22, 2026. Shareholders and market participants are advised to await the official announcement of the financial results following the conclusion of the board meeting.