ATN International Limited approved the appointment of Raj Kumar Dabriwal as an Executive and Non-Independent Director at its 42nd Annual General Meeting held on September 28, 2026. However, the proposal to appoint Kawarlal Kanhaiyalal Ojha as a Non-Executive and Non-Independent Director was rejected by shareholders.

The meeting, conducted via Video Conferencing, commenced at 12:10 pm and concluded at 12:40 pm. Mrs. Khusboo Baheti chaired the session after permanent Chairman Santosh Kumar Jain was unable to attend due to a family emergency. Members were informed that the reports of the Statutory Auditor, Internal Auditor, and Secretarial Auditors contained no qualifications or adverse remarks for the period ended March 31, 2026.

Resolutions and voting outcomes

The meeting addressed both ordinary and special business items. Remote e-voting was open from September 25 to September 27, 2026. While most resolutions passed, the rejection of Mr. Ojha’s appointment marks a significant deviation from the board's recommendations.

Leadership changes

Two new directors were proposed under special business. Raj Kumar Dabriwal is slated to join as an Executive and Non-Independent Director following shareholder approval. Conversely, the said appointment of Kawarlal Kanhaiyalal Ojha has not taken effect as the members did not approve the proposal. Additionally, Krishna Banerjee, who retired by rotation, offered herself for re-appointment under ordinary business and was re-appointed.

The company confirmed that all statutory audits for FY26 were clean, signaling no immediate regulatory red flags in the financial reporting process. Disclosures required under Regulation 30 of the SEBI Listing Regulations regarding the directors' profiles were previously provided to stock exchanges.

ATN International Limited reported a net loss of ₹10.21 lakh for the financial year ended March 31, 2026 (FY26), a significant widening from the ₹1.20 lakh loss recorded in the previous fiscal year.

The Kolkata-based investment firm will hold its 42nd Annual General Meeting (AGM) on September 28, 2026, via video conferencing. Shareholders will consider the appointment of two new directors and ratify related-party transactions for FY26.

Financial Performance

The company's total income rose to ₹43.92 lakh in FY26 from ₹37.96 lakh in FY25, driven primarily by a surge in other income. However, this growth was overshadowed by a sharper increase in total expenditure, which climbed to ₹54.13 lakh from ₹39.16 lakh.

Revenue from operations stood at zero for FY26, compared to ₹21.00 lakh in FY25. Other income, comprising rent received, license fees, and sundry balances written back, accounted for the entirety of the company's top line.

Balance Sheet and Cash Flows

As of March 31, 2026, ATN International's total assets were valued at ₹154.44 lakh, up from ₹144.83 lakh in the prior year. The company held cash and cash equivalents of ₹11.90 lakh, down from ₹14.63 lakh.

Notably, current borrowings increased significantly to ₹271.73 lakh from ₹18.55 lakh in FY25. This rise coincided with a substantial drop in trade payables, which fell to ₹3.59 lakh from ₹87.32 lakh. The company reported no dividend payout for FY26 due to the incurred loss.

Corporate Governance Updates

The AGM agenda includes the re-appointment of Smt. Krishna Banerjee as a director retiring by rotation. Additionally, shareholders will vote on the appointments of Mr. Raj Kumar Dabriwal as an Executive Director and Mr. Kawarlal Kanhaiyalal Ojha as a Non-Executive Director.

The Board also seeks ratification of related-party transactions entered into during FY26. These transactions involve various entities, including Amluckie Investment Co Ltd and Arissan Infrastructures Pvt Ltd, and were approved by the Audit Committee under omnibus approval provisions.

What the Numbers Show

The divergence between rising other income and expanding losses highlights the company's lack of operational revenue generation. With revenue from operations at zero, the firm relies entirely on non-operating sources such as rent and license fees. The sharp increase in borrowings against a backdrop of declining trade payables suggests a shift in liquidity management, potentially to fund investments or meet immediate obligations, while core business activities remain dormant.