Approval of Audited Financial statement (Both Consolidated & Standalone) of the Company for the financial year ended March 31, 2026
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 01 Jun 2026, 06:06 PM IST · BSE ID: 61aa1167-53f7-4552-95a6-f6fc5838dc6c
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported its annual financial results for 2026, but its consolidated accounts received a qualified audit report.
🤖 AI Summary
- Board approved Audited Consolidated Financial Results for the year ended March 31, 2026.
- Consolidated Net Profit was Rs. 16.40 Lakhs for the financial year ended March 31, 2026.
- Auditors issued a qualified opinion on the Consolidated Audited Financial Results.
- Auditors issued an unqualified opinion on the Standalone Audited Financial Results.
- Mr. Sourabh Gopichand Gaikwad resigned as an Independent Director, effective June 01, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Consolidated Total Revenue (FY26)
1,097.68 Indian Rupees Lakhs
Consolidated Net Profit (FY26)
16.40 Indian Rupees Lakhs
Consolidated Basic EPS (FY26)
0.25 ₹
Consolidated Total Assets (FY26)
8,549.51 Indian Rupees Lakhs
🏢 How This Affects the Company
The qualified audit opinion on consolidated results may indicate areas requiring further clarity or adjustments in financial reporting practices. Consolidated total revenue for FY26 was Rs. 1,097.68 Lakhs, with a net profit of Rs. 16.40 Lakhs.
The resignation of an Independent Director impacts board composition and governance structure, requiring the company to identify and appoint a suitable replacement.
A qualified audit opinion on consolidated results introduces financial reporting risk, as it highlights specific concerns or limitations identified by the auditors.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, particularly the consolidated net profit of Rs. 16.40 Lakhs for FY26, and the auditor's qualified opinion on consolidated results.
🔍
Management Signal
Management confirmed financial results and acknowledged the qualified audit opinion, indicating transparency regarding the audit findings.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Company response to auditor's qualified opinion on consolidated results.
Announcement of a new Independent Director to fill the vacancy.
Review of the full audited financial statements for specific audit qualifications.
HIGH RISK
Qualified audit opinion on consolidated results indicates material concerns regarding financial reporting or disclosures.
💡 Investor Takeaway
Ace Men Engg Works reported Consolidated Total Revenue of Rs. 1,097.68 Lakhs and Net Profit of Rs. 16.40 Lakhs for FY26. Auditors issued a qualified opinion on the Consolidated Financial Results, indicating specific concerns with the audited financial statements.
⚖️ Strengths & Concerns
✅ Positives
- Consolidated Total Revenue from Operations reached Rs. 1,087.33 Lakhs for the year ended March 31, 2026.
- The auditors issued an unqualified opinion on the Standalone Audited Financial Results for the year ended March 31, 2026.
⚠️ Concerns
- Auditors issued a qualified opinion on the Consolidated Audited Financial Results for the financial year ended March 31, 2026.
- The company reported Consolidated Net Cash Flow Used in Operating Activities of Rs. (599.24) Lakhs for FY26.
❓ Frequently Asked Questions
What was Ace Men Engg Works' consolidated net profit for the financial year ended March 31, 2026?
Ace Men Engg Works' consolidated net profit for the financial year ended March 31, 2026, was Rs. 16.40 Indian Rupees Lakhs.
What was the audit opinion on Ace Men Engg Works' consolidated financial results for FY26?
The auditors, M/s. S P A K & Associates, issued a qualified opinion on the Consolidated Audited Financial Results of Ace Men Engg Works for the financial year ended March 31, 2026.
What was Ace Men Engg Works' consolidated total revenue for the year ended March 31, 2026?
Ace Men Engg Works reported a consolidated total revenue of Rs. 1,097.68 Indian Rupees Lakhs for the financial year ended March 31, 2026.
Who resigned from the Board of Directors of Ace Men Engg Works?
Mr. Sourabh Gopichand Gaikwad (DIN: 10692920) resigned as an Independent Director of Ace Men Engg Works Ltd. with effect from Monday, June 01, 2026.
What was the cash flow from operating activities for Ace Men Engg Works in FY26?
The net cash flow from operating activities for Ace Men Engg Works was Rs. (599.24) Indian Rupees Lakhs for the year ended March 31, 2026.
Questions based on this BSE filing only. For information purposes.