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.

ATN International Limited reported a net loss of ₹13.62 lakh for the quarter ended June 30, 2026 (Q1FY26), marking a widening of losses compared to the ₹11.62 lakh net loss recorded in the corresponding quarter of FY25. The Kolkata-based media and financial services firm posted total income of ₹4.34 lakh, driven entirely by other income, as revenue from operations remained nil. Total expenditure rose to ₹17.96 lakh from ₹16.71 lakh in Q1FY25, primarily due to an increase in other expenses.

The Board of Directors, meeting on August 12, 2026, approved the unaudited standalone financial results along with the limited review report issued by M/s. Deoki Bijay & Co, the statutory auditors of the company. The results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and reviewed pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Santosh Kumar Jain, Managing Director, signed off on the results.

Financial Performance Highlights

The company’s financial performance for the quarter reflects continued operational challenges, with no revenue generated from core operations. Other income decreased slightly to ₹4.34 lakh from ₹5.09 lakh in Q1FY25. Expenditure pressures were evident in the rise of other expenses to ₹15.16 lakh from ₹13.18 lakh year-on-year, while employee benefit expenses declined marginally to ₹2.72 lakh from ₹3.45 lakh.

No provision for tax was made for the quarter, as it will be provided against full-year figures at year-end. The company’s paid-up equity share capital remains at ₹1,578.00 lakh. Earnings per equity share stood at a loss of ₹0.03 per share.

Board Appointments and Corporate Actions

In addition to approving the financial results, the Board appointed Mr. Raj Kumar Dabriwal and Mr. Kawarlal Kanhaiyalal Ojha as additional directors effective August 12, 2026. Both appointments are subject to shareholder approval at the ensuing Annual General Meeting (AGM).

Mr. Raj Kumar Dabriwal, an executive and non-independent director, brings extensive experience in corporate management and board-level responsibilities. Mr. Kawarlal Kanhaiyalal Ojha, a non-executive and non-independent director, is a commerce graduate with over 14 years of professional experience in finance, accounts, and taxation. Neither director is related to any existing director of the company, and both are free from any debarment orders by regulatory authorities.

What the Numbers Show

The absence of revenue from operations highlights the company’s ongoing transition or restructuring phase, relying solely on other income to offset costs. The increase in other expenses, which constitute the largest component of expenditure, suggests fixed cost pressures that are not being mitigated by operational revenue. With the NCLT petition for capital reduction still pending, the company’s balance sheet adjustments remain deferred until final sanction is received.

The Board also announced the convening of the 42nd Annual General Meeting on September 28, 2026, through video-conferencing. The annual report for FY25-26 will be dispatched in due course.