Aqylon Nexus Limited, previously known as Sri Adhikari Brothers Television Network Limited, has announced the approval of its audited financial results for the quarter and financial year ended March 31, 2026. The company also revealed plans for significant international expansion, including the incorporation of a subsidiary in the United Arab Emirates (UAE).
The company’s Board of Directors reviewed and approved the audited financial results for the period ending March 31, 2026. The audited figures are accompanied by the Statement of Assets and Liabilities as of March 31, 2026, and the Cash Flow Statement for the year ended March 31, 2026.
According to the audited results provided, the key financial data is as follows:
| Particulars | Quarter Ended March 31, 2026 (Audited) | Quarter Ended December 31, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|
| Total Income | 354.96 | 494.65 | 514.60 |
| Total Expenses | 445.69 | 346.60 | 567.15 |
| Profit/(Loss) for the Year | (799.31) | 148.06 | (2,236.83) |
The company also provided a detailed breakdown of its financial position and cash generation activities.
Financial Position and Cash Flow
The Statement of Audited Assets and Liabilities shows the following total asset and liability figures:| Metric | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Total Assets | 1,367.37 (in Lakhs) | 5,311.70 (in Lakhs) |
| Total Equity | (567.79) (in Lakhs) | (1,143.58) (in Lakhs) |
| Total Liabilities | 1,367.37 (in Lakhs) | 5,311.70 (in Lakhs) |
In terms of cash flow, the net cash used in operating activities for the year ended March 31, 2026, was 659.67 Lakhs, compared to a net cash used of (262.19) Lakhs in the corresponding period of the previous year.
Strategic International Expansion
The Board of Directors approved a proposal for the incorporation of a Wholly Owned Subsidiary Company (100% ownership) at the Ras Al Khaimah Economic Zone Authority in the United Arab Emirates (UAE). The subsidiary will operate under the name M/s Aqylon Nexus Holding LLC.This strategic decision aims to expand the company's international presence, leveraging the strong market demand for its Al and IT-related products and services, recognizing the UAE as a major growth market. The Board has authorized Mr. Kiran Kumar Inampudi, Director, to manage the necessary steps for this incorporation.
Corporate Changes and Proposals
On the matter of corporate governance and strategic transactions, the Board addressed several key updates:- Director Resignation: Mr. Sripal Reddy Molugu resigned from the post of Independent Director, effective from April 10, 2026, citing pre-occupancy and other commitments.
- Acquisition Proposal: The company acknowledged a proposal from M/s Energon Petroproducts Private Limited, which expressed intent to sell its entire shareholding of 33,73,690 equity shares, representing 100% of the share capital. The Board authorized Mr. Srivatsava Sunkara, Managing Director, to take necessary actions regarding this potential transaction.
Auditor's Observations
The Statutory Auditors issued an unmodified opinion on the audited financial results for the year ended March 31, 2026. The auditor's report highlighted several key areas for the Board's attention, including:- Exceptional Items: The report noted that the company recorded a gain of 962.00 Lakhs as an exceptional item, resulting from the sale of certain immovable property and the write-off of non-recoverable deposits made against outstanding tax demands.
- Going Concern: The auditors drew attention to the material uncertainty related to the going concern status, noting that accumulated losses resulted in negative net worth, and the company has not yet entered into any long-term projects for IT-related services. However, the financial statements were prepared on a going concern basis.
AQYLON Stock Price Movement
Aqylon Nexus Limited shares today slipped by 2.96% to settle at ₹45.99. The equity saw 1.48 million shares traded today, falling closer to its intraday low of ₹45.25.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.