Acme Resources Limited , a base layer NBFC, has released its financial results for the quarter ended September 30, 2025, revealing a significant decline in revenue and profit compared to the same period last year. The company also faces ongoing challenges with the Income Tax Department, which could impact its financial position.

Financial Performance

The company's standalone and consolidated financial results for Q2 FY2026 are as follows:

The standalone figures show a significant year-over-year decline in both revenue and profit. However, on a consolidated basis, the company has managed to increase its revenue from the previous year.

Tax Department Challenges

Acme Resources is currently facing several challenges with the Income Tax Department:

1. Provisional Attachment: During the financial year 2023-24, the Income Tax Department provisionally attached inventory worth Rs. 543.92 lakhs. Of this, Rs. 115.80 lakhs has been released against a bank guarantee.

2. Tax Demand Notices: The company has received substantial tax demand notices for multiple assessment years:

   • Assessment Year 2015-16: Rs. 3,060.28 lakhs
   • Assessment Year 2016-17: Rs. 5,270.35 lakhs
   • Assessment Year 2023-24: Rs. 734.89 lakhs

Acme Resources has challenged these demands before the Commissioner of Income Tax (Appeals).

Company Structure

Acme Resources Limited operates as a base layer NBFC and has two subsidiaries:

1. Ojas Suppliers Limited
2. Atul Agro Private Limited

Auditor's Review

H.N. Pradhan & Co., Chartered Accountants, conducted an independent review of the company's financial results. They noted the tax-related issues in their report but did not modify their conclusion based on these matters.

Outlook

While the company faces significant challenges, particularly with regard to tax demands, it's important to note that these issues are under appeal. The outcome of these appeals could have a material impact on the company's financial position in the future.

Investors and stakeholders should closely monitor the progress of the tax appeals and the company's ability to manage its financial performance in the face of these challenges. The divergence between standalone and consolidated revenue performance also warrants attention, as it may indicate differing fortunes across the group's entities.

Acme Resources Limited , a non-banking financial company (NBFC), has reported substantial financial losses for the fiscal year ending March 31, 2021, primarily due to the economic impact of the COVID-19 pandemic. The company's financial performance reflects the broader challenges faced by the NBFC sector during this period.

Financial Performance Overview

The company's financial results, as approved by the Board of Directors on June 29, 2021, reveal a significant downturn compared to the previous fiscal year:

Impact of COVID-19 and Provisions

A key factor contributing to the increased loss was a substantial provision of ₹2,404.63 lakhs for impairment on financial instruments. This provision was necessitated by borrower defaults during the COVID-19 pandemic, highlighting the severe impact of the economic downturn on the company's loan portfolio.

Moratorium and Regulatory Compliance

In line with Reserve Bank of India (RBI) guidelines, Acme Resources granted moratoriums of up to six months on installments falling due between March 2020 and August 2020 for eligible borrowers. This measure, while providing relief to borrowers, may have contributed to the company's financial stress.

Business Segments

Acme Resources operates in two primary segments:

1. NBFC business
2. Property trading

The company's diverse operations in these sectors underscore its exposure to both financial services and real estate markets, which have been significantly affected by the pandemic.

Share Capital and Listing Status

According to the latest Share Capital Reconciliation Audit Report:

• Total issued and listed capital: 2,57,44,000 shares
• Face value: ₹10 per share
• Dematerialized shares:
  • CDSL: 1,14,65,404 shares (44.54%)
  • NSDL: 1,26,14,229 shares (48.99%)
• Physical shares: 16,64,367 (6.47%)

The company is listed on both the Bombay Stock Exchange (BSE) and the Calcutta Stock Exchange (CSE), with ongoing processes for revocation of listing from CSE.

Conclusion

Acme Resources Limited's financial results for FY 2020-21 reflect the severe challenges faced by NBFCs during the COVID-19 pandemic. The significant increase in provisions and decline in total income underscore the impact of economic disruptions on the company's operations. As the economy recovers, the company's performance in subsequent quarters will be crucial to assess its resilience and recovery trajectory.