Ace Men Engg Works Limited announced its unaudited consolidated and standalone financial results for the third quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 18, 2026, with the company's auditors issuing unmodified opinions on both sets of financial statements.

Consolidated Financial Performance

The consolidated results reflect the combined performance of Ace Men Engg Works Limited and its subsidiary Manibhadra Industries Private Limited. The subsidiary's results are included from November 25, 2025, being the date of acquisition, through December 31, 2025.

The consolidated results show purchase of stock in trade amounting to ₹228.20 lakhs for both the quarter and nine-month periods. Employee benefit expenses totaled ₹1.80 lakhs for the quarter and ₹3.95 lakhs for the nine months. Finance costs were ₹4.50 lakhs for the quarter and ₹4.72 lakhs for the nine-month period.

Standalone Company Performance

On a standalone basis, the parent company reported different financial metrics, with no revenue from operations during the reporting periods.

The standalone results show employee benefit expenses of ₹0.79 lakhs for the quarter and ₹2.94 lakhs for nine months. Other expenditure amounted to ₹0.24 lakhs for the quarter and ₹2.04 lakhs for the nine-month period.

Subsidiary Integration Details

The consolidated financial statements include Manibhadra Industries Private Limited, which contributed significantly to the overall performance. According to the auditor's report, the subsidiary generated total revenue of ₹235.84 lakhs and net profit of ₹3.38 lakhs for the period from November 25, 2025, to December 31, 2025.

Earnings Per Share Analysis

Regulatory Compliance and Audit Opinion

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. The company's auditors, S P A K & Associates, conducted their review in accordance with Standard on Review Engagement (SRE) 2410 and issued unmodified opinions on both consolidated and standalone results. The audit committee reviewed the results before board approval, ensuring compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Ace men engg works Limited has announced the resignation of its statutory auditor M/s. J Singh & Associates, Chartered Accountants, effective January 27, 2026. The company informed BSE Limited about this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Details and Tenure

J Singh & Associates (FRN:110266W) had been serving as the statutory auditor since January 03, 2022, with their appointment originally scheduled to continue until September 30, 2027. The auditing firm's last submission was a Limited Review Report for the quarter ended September 30, 2025, which was filed on November 14, 2025.

Reasons for Resignation

The auditing firm provided detailed explanations for their resignation in their formal letter to the company's Board of Directors. The primary factors cited include:

Partner Departure Impact: A key partner who was primarily responsible for overseeing audits of Ace Men Engg Works Limited recently resigned from the partnership, resulting in a significant reduction in the firm's overall audit leadership capacity.

Resource Constraints: The firm is experiencing acute staff constraints and resource limitations, making it unable to allocate the necessary team strength required for timely and quality completion of audit work.

The auditing firm emphasized that due to these circumstances, they would not be in a position to complete audits within the stipulated timelines prescribed under applicable laws and regulations. To avoid further delays or inconvenience to the company, they decided to resign and allow the appointment of another auditor with adequate resources.

Regulatory Compliance

The resignation was communicated through proper regulatory channels, with Managing Director Ruchir Patel (DIN: 09840600) signing the intimation letter on behalf of Ace Men Engg Works Limited. The company provided comprehensive details as required under SEBI regulations, including the complete resignation letter and Annexure A from the auditing firm.

Auditor's Confirmation

J Singh & Associates confirmed in their resignation letter that there are no other material reasons for their resignation beyond those stated. The firm also confirmed compliance with Section 140(2) of the Companies Act, 2013, and Rule 8 of the Companies (Audit and Auditors) Rules, 2014, regarding the provision of all required information and explanations.

The auditing firm expressed appreciation for the cooperation extended during their tenure and confirmed that no concerns were raised with the Audit Committee or Board of Directors prior to resignation. They also stated that there were no instances where requested information was not provided by the company management.