Atma Industries Limited (formerly Jyotirgamya Enterprises Limited) has re-appointed Karan Rajesh Singh as its internal auditor for the financial year 2026-27. The Board of Directors approved the appointment during a meeting held on August 17, 2026.

The meeting, conducted via video conferencing, commenced at 12:00 pm and concluded at 12:30 pm. The company disclosed the outcome pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

Singh’s re-appointment is effective from August 17, 2026, covering the term for FY27. The company provided details regarding his professional background and the nature of the engagement in an annexure to the disclosure.

Professional Profile

According to the disclosure, Singh possesses more than six years of experience with a proven track record in evaluating and improving organizational processes and controls. His expertise encompasses financial strategy, reporting, and risk management.

The company stated there is no relationship between Singh and the directors of the company. Rupal Pandey, Company Secretary and Compliance Officer, signed the disclosure filed with BSE Limited.

Atma Industries Limited reported a widened net loss of ₹4.12 lakh for the financial year ended March 31, 2026 (FY26), compared to a net loss of ₹1.17 lakh in FY25. The BSE-listed company recorded zero revenue from operations for the year, while total expenses surged to ₹4.06 lakh from ₹1.07 lakh in the prior period. The results, approved by the Board of Directors on May 28, 2026, highlight continued operational challenges as the firm generated no sales turnover despite incurring significant administrative and listing costs.

The loss expansion was driven by a sharp increase in other expenses, which rose to ₹3.94 lakh in FY26 from ₹0.91 lakh in FY25. This category included listing fees of ₹2.34 lakh and professional fees of ₹1.18 lakh. Depreciation charges decreased slightly to ₹0.11 lakh from ₹0.16 lakh. The company reported minimal other income of ₹0.02 lakh. Statutory auditors Amit Agarwal & Co., led by CA Suraj Kumar Singh, issued an unqualified opinion on the standalone financial statements, confirming they present a true and fair view of the company’s affairs.

Financial Performance

The following table details the key financial metrics for Atma Industries Limited for FY26 compared to FY25:

Cash and cash equivalents increased to ₹4.76 lakh at March 31, 2026, from ₹2.83 lakh in the previous year. This improvement was supported by net cash inflows from financing activities of ₹44.01 lakh, primarily from inter-corporate loans, offsetting operating cash outflows of ₹9.98 lakh and investing outflows of ₹32.11 lakh.

Balance Sheet Position

As of March 31, 2026, the company’s total equity stood at ₹50.63 lakh, down from ₹54.75 lakh in FY25, reflecting the accumulated losses. Non-current investments remained stable at ₹38.46 lakh. Long-term loans and advances to body corporates increased to ₹254.58 lakh from ₹219.58 lakh. Trade payables decreased slightly to ₹30.08 lakh from ₹34.45 lakh. The company had no secured borrowings but held unsecured borrowings of ₹44.01 lakh from other entities.

What the Numbers Show

The most critical observation is the complete absence of operating revenue against rising fixed costs. With zero sales turnover, the company is burning through reserves to cover compliance and administrative overheads, such as listing fees and professional charges. The reliance on inter-corporate loans to fund operations and maintain liquidity, rather than generating cash from core business activities, underscores a lack of commercial traction. The widening loss margin indicates that cost controls have not kept pace with the absence of income generation.

Corporate Governance

Balakrishna Krishna Reddy serves as Managing Director, having been appointed on January 15, 2026. Alpa Bhavesh Vora continues as Non-Executive Director, while Ajay Suresh Yadav and Rinku Saini serve as Independent Directors. Karan Rajesh Singh is the Chief Financial Officer, and Rupal Pandey is the Company Secretary. The Board met 12 times during the year, with full attendance by independent directors.