Anka India Limited reported a consolidated net loss of ₹46.34 lakh for the financial year ended March 31, 2026, widening from a net loss of ₹36.29 lakh in the previous year. Revenue from operations for the year increased to ₹1,809.43 lakh, compared to ₹1,296.02 lakh in FY25. The board approved the audited financial results on May 28, 2026, and appointed M/s Sudhir K & Associates as the internal auditor for the financial year ending March 31, 2027. The extracts of the audited financial results were published in the Financial Express and Jansatta on May 29, 2026, pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The consolidated financial results include the performance of its wholly-owned subsidiary, Futech Internet Private Limited. The company recorded a total comprehensive income of ₹-46.06 lakh for the year. Standalone results showed a net loss of ₹741.85 lakh for the year, a significant shift from the net profit of ₹23.23 lakh in the previous year, primarily due to other expenses.

Auditor’s Observations

R.S. Prabhu & Associates, the statutory auditors, issued a qualified opinion on the consolidated financial results. The auditors noted that the company recognized goodwill amounting to ₹18.96 crore arising at the time of consolidation, which has not been tested for impairment at the year-end. Additionally, the company recognized Minimum Alternative Tax (MAT) credit of ₹35.38 lakh as an asset, despite incurring losses for the past few years. The auditors also qualified the standalone results regarding the recognition of MAT credit and deferred tax assets, stating it is not prudent given the company's history of losses.

Board Decisions

In addition to the financial results, the board approved the appointment of M/s Sudhir K & Associates as the internal auditor for FY27. The meeting, which commenced at 3:45 PM and concluded at 5:00 PM, also authorized Mr. Sameer Kumar, Company Secretary & Compliance Officer, to determine the materiality of events and make disclosures to the stock exchanges.

Anka India Limited has appointed M/s Sudhir K & Associates, Chartered Accountants, as its Internal Auditor for the financial year 2025-26. The decision was taken by the Board of Directors during its meeting held on May 22, 2026, following the recommendations of the Audit Committee.

The appointment is pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 3:30 P.M. and concluded at 04:15 P.M. on the same day.

Details of the Appointment

The newly appointed firm, M/s Sudhir K & Associates, is a Chartered Accountancy firm established in 2020. The firm provides a range of services including audit, taxation, GST, and corporate compliance. It is led by CA Sudhir Kumar and focuses on integrity, professionalism, and timely client service.

The following table summarizes the key details of the appointment:

The disclosure regarding the appointment was submitted to BSE Limited along with the necessary annexures as required under the SEBI Master Circular. The company has confirmed that the appointment is effective immediately for the specified financial year.