Aqylon Nexus Limited Approves Subsidiary Incorporation and Reviews Financial Results
Aqylon Nexus Limited, formerly known as Sri Adhikari Brothers Television Network Limited, conducted a Board meeting on Saturday, April 11, 2026, to consider and approve several key business activities, including the proposal to incorporate a Wholly Owned Subsidiary in the United Arab Emirates (UAE).The Board considered and approved the Audited Financial Results of the Company for the quarter and financial year ended March 31, 2026, following recommendations from the Audit Committee. The company also approved the proposal for the incorporation of a Wholly Owned Subsidiary, intended to expand the company's international footprint into the Ras Al Khaimah Economic Zone Authority, UAE, driven by strong market demand for its AI Technology Products and Services. The Board authorized Mr. Kiran Kumar Inampudi, Director, to take all necessary steps for this incorporation.
Board Meeting Actions and Directorship Changes
During the meeting, the Board of Directors also noted that Mr. Sripal Reddy Molugu resigned from the position of Independent Director, effective from April 10, 2026, citing pre-occupancy and other commitments.Furthermore, the Board acknowledged a proposal from M/s Energon Petroproducts Private Limited, which expressed an intention 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 proposal.
Financial Reporting and Audit Opinion
The financial review provided several datasets pertaining to the company's performance and structure.The company presented audited financial results for the quarter and year ended March 31, 2026. The annual audit report issued by M/s Bilimoria Mehta & Co. provided an opinion on the Statement for the year ended March 31, 2026.
The comprehensive financial statements for the quarter and year ended March 31, 2026, and the Statement of Assets and Liabilities as of March 31, 2026, were also available for review.
The financial performance data across key periods is detailed below:
| Metric | Quarter Ended 31-Mar-26 (Audited) | Quarter Ended 31-Dec-25 (Unaudited) | Quarter Ended 31-Mar-25 (Audited) | Year Ended 31-Mar-26 (Audited) | Year Ended 31-Mar-25 (Audited) |
|---|---|---|---|---|---|
| Revenue from operations | 388.12 | 494.57 | 138.54 | 1,320.44 | 601.34 |
| Total Income | 394.46 | 494.65 | 143.73 | 1,360.46 | 614.60 |
| Total Expenses | 445.69 | 346.60 | 131.46 | 1,580.18 | 567.15 |
| Profit/ (Loss) before Exceptional Items & Tax | (51.22) | 148.06 | 12.27 | (219.72) | 47.45 |
| Exceptional Items | (581.59) | - | - | 962.00 | 2,284.28 |
| Profit/ (Loss) before Tax | (632.81) | 148.06 | 12.27 | 742.29 | (2,236.83) |
| Profit/(Loss) for the year | (799.31) | 148.06 | 12.27 | 575.80 | (2,236.83) |
The statement of cash flows indicated key movements for the periods:
| Particulars | For the Year Ended 31.03.2026 (Audited) (in Lakhs) | For the Year Ended 31.03.2025 (Audited) (in Lakhs) |
|---|---|---|
| Net Cash (used in) / from Operating Activities | 659.67 | (262.19) |
| Net Cash used in Investing Activities | 3,594.61 | (1,233.38) |
| Net Cash generated from Financing Activities | (5,086.68) | (129.78) |
| Net increase in Cash and Cash equivalents | (832.40) | (1,625.34) |
The company’s total assets stood at 1,367.37 Lakhs as at March 31, 2026, compared to 5,311.70 Lakhs as at March 31, 2025.
Liquidity and Operations Notes
A review of the Balance Sheet showed that Total Current Assets stood at 632.95 Lakhs as at March 31, 2026, compared to 4,247.69 Lakhs on the same date in the prior year.In the cash flow from operating activities, the company reported a cash generation of 659.67 Lakhs for the year ended March 31, 2026.
The audited report noted that the company sold certain immovable properties during the current year, resulting in a profit on sale of such assets, which was treated as an exceptional item. It also reported the write-off of deposits amounting to 581.59 Lakhs, which were deemed non-recoverable.
AQYLON Stock Price Movement
On Friday, Aqylon Nexus Limited shares edged higher to close at ₹47.46, rallying 5.00% from its previous close. The stock found support on Friday's trading session, which saw 13,528 shares transact.Source:
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