Atmastco Limited has paid a ₹22,420 fine to the National Stock Exchange of India Limited following a penalty levied for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fine was imposed due to the inadvertent failure to file the Integrated Governance Report (XBRL) for the quarter ended December 31, 2025. The Board of Directors, at its meeting held on May 26, 2026, acknowledged the lapse and confirmed that the penalty has been duly remitted.

The non-compliance pertained to Regulation 13(3) for the period ending December 31, 2025. The Exchange records indicated a delay of 19 days, resulting in a base fine of ₹19,000 and an additional GST of ₹3,420. The Board noted that the company, to which corporate governance provisions are presently not applicable, missed the filing unintentionally and not willfully. Consequently, the Board advised management to ensure strict adherence to all applicable compliance requirements going forward.

Fine Details

The breakdown of the penalty levied by the exchange is detailed below:

Compliance Measures

In its response to the exchange, Atmastco Limited reiterated its commitment to comply with all regulatory requirements in letter and spirit. The company stated that it has implemented necessary measures to avoid such occurrences in the future. The payment was made via RTGS, NEFT, or Net Banking, and the details were updated on the NEAPS portal under the SOP Fine Payment section.

The exchange notice, referenced as NSE/LIST-SOP/COMB/FINES/0179 dated February 20, 2026, had warned of potential actions such as freezing promoter shareholding or shifting trading to a 'Trade for Trade' basis in case of continued default. Since the fine has been paid and the Board has commented on the matter, these immediate sanctions have been averted.

Atmastco Limited reported a consolidated net profit of ₹19.05 crore for the financial year ended March 31, 2026, compared to ₹19.28 crore in the previous year. Revenue from operations for the period increased to ₹292.62 crore from ₹289.57 crore in FY25. The Board of Directors approved the audited financial results for both standalone and consolidated operations during a meeting held on May 26, 2026.

The company's total income for the consolidated financial year stood at ₹295.24 crore. Expenses for the year totaled ₹261.49 crore, with finance costs amounting to ₹12.29 crore. The basic and diluted earnings per share (EPS) for the year were recorded at ₹7.33, down from ₹7.80 in the prior year.

Operational Highlights

The company operates across two primary segments: Manufacturing/Fabrication and Services. The Manufacturing segment reported a net turnover of ₹222.63 crore, while the Services segment contributed ₹69.99 crore to the total revenue. The total assets of the company stood at ₹4,222.63 crore as of March 31, 2026.

Auditor's Observations

The statutory auditor, A C Surana & Co, highlighted several matters of emphasis in their report. Management is in the process of satisfying or modifying charges with the Registrar of Companies (ROC) amounting to ₹44.00 crore with Canara Bank, ₹191.65 crore with State Bank of India, and ₹3.00 crore with Tata Capital Financial Services Limited.

Additionally, a loan from Oxyzo Financial Services Private Limited showing a debit balance of ₹8.30 lacs is under dispute, and ledger confirmation could not be obtained. The auditor also noted that the company maintains its stock register in a hybrid manner—partly electronic and partly manual—which may affect the consistency of stock tracking. The valuation of Engineering, Procurement, and Construction (EPC) stock relied on external agencies due to documentation limitations.

Board Decisions

Alongside the financial results, the Board appointed M/s. Arindam & Associates, Cost Accountants, as the Cost Auditor for the financial year 2026-27. The meeting commenced at 6:00 PM IST and concluded at 7:30 PM IST on May 26, 2026.