Aqylon Nexus Ltd Board Approves FY26 Results and Plans UAE Expansion
Aqylon Nexus Ltd, formerly known as Sri Adhikari Brothers Television Network Limited, announced several strategic corporate developments following its Board meeting on April 11, 2026. The Board approved the audited financial results for the quarter and the full financial year ended March 31, 2026. The company also detailed plans for establishing an international subsidiary in the United Arab Emirates (UAE) and noted changes in its governance structure.Financial Performance and Statutory Audit
The Board of Directors approved the Audited Financial Results for the quarter and financial year ended March 31, 2026, along with the Statutory Auditor's Report.The consolidated financial data for the quarter and year ending March 31, 2026, are presented below:
Statement of Audited Financial Results
(Figures in Lakhs, except Earning Per Share)
| Particulars | Qtr Ended 31 Mar 26 (Audited) | Qtr Ended 31 Dec 25 (Unaudited) | Qtr Ended 31 Mar 25 (Audited) | Year Ended 31 Mar 26 (Audited) | Year Ended 31 Mar 25 (Audited) |
|---|---|---|---|---|---|
| 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) | - | 5 | 962.00 | 2,284.28 |
| Profit/(Loss) before Tax | (632.81) | 148.06 | 12.27 | (742.29) | 12,236.83 |
| Profit/(Loss) for the Year | (799.31) | 148.06 | 12.27 | 575.80 | (2,236.83) |
| Earning Per Share Basic | (0.32) | 0.06 | 0.00 | 0.23 | (0.88) |
Statement of Audited Assets and Liabilities
(Amounts in Lakhs)
| As at 31 Mar 2026 (Audited) | As at 31 Mar 2025 (Audited) | |
|---|---|---|
| TOTAL ASSETS | 1,367.37 | 5,311.70 |
| EQUITY | ||
| Equity Share Capital | 2,537.31 | 2,537.31 |
| Other Equity | (3,105.09) | (3,680.89) |
| TOTAL LIABILITIES | ||
| Short term Borrowings | 1,303.32 | 6,390.00 |
| Total Current Liabilities | 1,511.16 | 6,455.28 |
| TOTAL EQUITY & LIABILITIES | 1,367.37 | 5,311.70 |
The audited financial results include key transactions such as recording a gain on the sale of certain immovable property and writing off non-recoverable deposits, both listed under exceptional items.
International Expansion into the UAE
The Board of Directors approved a proposal for the incorporation of a Wholly Owned Subsidiary Company at the Ras Al Khaimah Economic Zone Authority in the United Arab Emirates (UAE). The proposed entity will operate under the name M/s Aqylon Nexus Holding LLC or an approved alternative name.The company stated that this expansion follows strong market demand and recognizes the UAE as a major growth market for its AI Technology Products and Services. The Board authorized Mr. Kiran Kumar Inampudi, Director, to undertake all necessary steps for the incorporation.
Governance and Shareholding Updates
Director ResignationThe Board also registered the resignation of Mr. Sripal Reddy Molugu from the post of Independent Director, effective from the close of business hours on April 10, 2026, due to pre-occupancy and other commitments.
Share Proposal
Furthermore, the Board acknowledged a proposal from M/s Energon Petroproducts Private Limited. The entity expressed its intention to sell its entire shareholding of 33,73,690 equity shares, representing 100% of the share capital, to the company. The Managing Director was authorized to take necessary actions regarding this proposal.
Cash Flow Summary
The company provided an overview of its cash flow activities for the last fiscal year:Statement of Audited Cash Flow
(Figures in Lakhs)
| Cash Flow Activity | Year Ended 31 Mar 2026 (Audited) | Year Ended 31 Mar 2025 (Audited) |
|---|---|---|
| Net Cash 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) |
| Closing balance of Cash and Cash equivalents | 3.29 | 835.68 |
AQYLON Stock Price Movement
As of 3:19 PM, shares of Aqylon Nexus Limited are shedding 3.54% in live trading, currently hovering at ₹45.78. The stock trades within a daily range of ₹49.83 to ₹45.09, backed by a significant volume of 2.80 million shares exchanged throughout the session.Source:
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