Atmastco reports FY26 net profit of ₹19.05 crore

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.

Financial Metric (Consolidated)	FY26 (Amount in ₹ lacs)	FY25 (Amount in ₹ lacs)
Revenue from operations	29,261.91	28,957.04
Total Income	29,524.07	29,027.88
Total Expenses	26,149.43	26,280.94
Net Profit for the year	1,905.28	1,928.38
Basic EPS (₹)	7.33	7.80

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.30%	-5.20%	+17.56%	+2.97%	-11.27%	+83.25%

Atmastco Ltd has issued a corrigendum to its Extraordinary General Meeting (EGM) notice, modifying the list of proposed allottees for its preferential issue of equity shares and convertible warrants. The EGM is scheduled for Saturday, June 06, 2026, at 12:30 P.M. IST through Video Conferencing. The Board, at its meeting held on May 23, 2026, approved these modifications based on a review of documents and consideration of additional requests from strategic investors. The total fund raise remains ₹144.40 Crores, comprising ₹53.20 Crores from equity shares and ₹91.20 Crores from warrants.

Revised Preferential Issue Details

The company proposes to issue 35,00,000 fully paid-up equity shares at a price of ₹152 per share, including a premium of ₹142, aggregating up to ₹53,20,00,000. The revised list of 40 allottees includes Subramaniam Swaminathan Iyer (Promoter) and 39 non-promoter investors. The floor price is determined as ₹151.38 per equity share based on the relevant date of Thursday, May 07, 2026.

Sr. No.	Name of the Proposed Allottee(s)	Category	Share to be allotted (Revised)	Consideration (in ₹)
1.	Subramaniam Swaminathan Iyer	Promoter	2,00,000	3,04,00,000.00
2.	Raasha Fincap Private Limited	Non-Promoter/Public	4,95,000	7,52,40,000.00
3.	Samir Arvind Thakker	Non-Promoter/Public	3,00,000	4,56,00,000.00
4.	Smita Sachin Abhyankar	Non-Promoter/Public	2,00,000	3,04,00,000.00
5.	Belgrave Investment Fund	Non-Promoter/Public	2,00,000	3,04,00,000.00
6.	Shalu Aggarwal	Non-Promoter/Public	2,00,000	3,04,00,000.00
7.	Pankaj Jawaharlal Razdan	Non-Promoter/Public	1,34,500	2,04,44,000.00
8.	Urja Suresh Shah	Non-Promoter/Public	1,33,500	2,02,92,000.00
9.	Vinay Jaiprakash Ambekar	Non-Promoter/Public	1,00,000	1,52,00,000.00
10.	Rakesh Shantilal Sanghavi HUF	Non-Promoter/Public	1,00,000	1,52,00,000.00
11.	Hiral Kamleshbhai Madiya	Non-Promoter/Public	1,00,000	1,52,00,000.00
12.	Vishal Karwa	Non-Promoter/Public	1,00,000	1,52,00,000.00
13.	Barkha Kothari	Non-Promoter/Public	1,00,000	1,52,00,000.00
14.	Madhusudan Loya	Non-Promoter/Public	75,000	1,14,00,000.00
15.	N R Agencies Private Limited	Non-Promoter/Public	70,000	1,06,40,000.00
16.	Business Match Services (India) Private Limited	Non-Promoter/Public	66,000	1,00,32,000.00
17.	Yash Dedhia	Non-Promoter/Public	66,000	1,00,32,000.00
18.	Alok Rajesh Nanavaty	Non-Promoter/Public	66,000	1,00,32,000.00
19.	Jayshree Rajesh Vora	Non-Promoter/Public	50,000	76,00,000.00
20.	Praveen Govandji Maru	Non-Promoter/Public	50,000	76,00,000.00
21.	Kanhav Advisory Private Limited	Non-Promoter/Public	50,000	76,00,000.00
22.	Sushma Toshniwal	Non-Promoter/Public	50,000	76,00,000.00
23.	Vardhman Jain	Non-Promoter/Public	50,000	76,00,000.00
24.	Rajesh Kumar Agarwal	Non-Promoter/Public	50,000	76,00,000.00
25.	Rahul Hemchand Visaria	Non-Promoter/Public	35,000	53,20,000.00
26.	Prashant Nanalal Bavishi	Non-Promoter/Public	35,000	53,20,000.00
27.	Anurag Nigam	Non-Promoter/Public	33,000	50,16,000.00
28.	Dharmesh Ramesh Shah	Non-Promoter/Public	33,000	50,16,000.00
29.	Nageshwarrao Srikrishna Duvvuri	Non-Promoter/Public	33,000	50,16,000.00
30.	Darshana Saumin Shah	Non-Promoter/Public	33,000	50,16,000.00
31.	Aryan Shrenik Shah	Non-Promoter/Public	33,000	50,16,000.00
32.	Meghna H Mehta	Non-Promoter/Public	33,000	50,16,000.00
33.	Upsurge Investment and Finance Limited	Non-Promoter/Public	33,000	50,16,000.00
34.	Bhumish K Shah	Non-Promoter/Public	33,000	50,16,000.00
35.	Dhaval N Kothari HUF	Non-Promoter/Public	30,000	45,60,000.00
36.	Malap Dhaval Kothari	Non-Promoter/Public	30,000	45,60,000.00
37.	Deepika Biyani	Non-Promoter/Public	25,000	38,00,000.00
38.	Prasad Rajendra Tapadiya	Non-Promoter/Public	25,000	38,00,000.00
39.	Laxminivas Asawa	Non-Promoter/Public	25,000	38,00,000.00
40.	Rajesh Sarda	Non-Promoter/Public	25,000	38,00,000.00
Total			35,00,000	53,20,00,000.00

Shareholding Pattern and Warrants

The pre-issue promoter holding stands at 66.14% of the total paid-up capital as on March 31, 2026. Post the full subscription and conversion of both equity shares and warrants, the promoter holding is expected to be 53.63%, while public shareholding is expected to rise to 46.37%. The company also proposes to issue 60,00,000 convertible warrants aggregating up to ₹91,20,00,000, exercisable within 18 months from the date of allotment. The modifications to the explanatory statement for Item No. 3 regarding warrants include updates to the shareholding pattern and intent of promoters to subscribe.

Utilisation of Proceeds

The proceeds from the issue are proposed to be deployed for working capital requirements and general corporate purposes. Infomerics Valuation and Rating Ltd has been appointed as the Monitoring Agency.

S. No.	Particulars	Amount (In Crores)
1.	Working Capital for Defence	77.98 Crores
2.	Working Capital for EPC and Fabrication	51.98 Crores
3.	General Corporate Purpose	14.44 Crores
	Total	144.40 Crores