ATLANTAA LIMITED Announces Q1 Financial Results and Appoints New Director
Atlantaa Limited, formerly known as Altanta Limited, has released its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results were approved by the Board of Directors following a meeting held on August 12, 2026.The company also announced key corporate governance decisions, including setting the timeline for its 43rd Annual General Meeting (AGM) and appointing a new director to the board.
Corporate Governance Updates
At the Board meeting, the Directors considered and approved several critical matters concerning shareholder affairs and corporate appointments.Key AGM details include:
- Date of AGM: September 29, 2026.
- Cut Off Date for AGM: September 18, 2026.
- Register of Members Closure Period: September 23, 2026 to September 29, 2026.
Mr. Sanjay Dholakia of M/s. Sanjay Dholakia & Associates was appointed as the scrutinizer for the AGM. Additionally, based on the recommendation of the Nomination and Remuneration Committee, Mrs. Mangala Prabhu (DIN: 06450659) has been approved by the Board of Directors as an Additional NonExecutive Independent Director for a term of five consecutive years, subject to member approval at the upcoming AGM.
Financial Performance Highlights
The Unaudited Standalone and Consolidated Financial Results reflect the operations across the Group during the quarter. The company operates in a single segment: contracting activities, encompassing construction and development of infrastructure in India.Key financial metrics for the quarter ended June 30, 2026 (in Rs.):
| Particulars | Q1 Ended 30-Jun-26 (Unaudited) | Q4 Ended 31-Mar-26 (Audited) | Q1 Ended 30-Jun-25 (Unaudited) | Year Ended 31-Mar-26 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 529.09 | 1,818.27 | 334.85 | 2,759.00 |
| Other income | 218.07 | 256.13 | 309.63 | 1,310.68 |
| Total revenue | 747.15 | 2,074.39 | 644.48 | 4,033.27 |
| Total expenses | 1,174.97 | (572.71) | 572.15 | 3,511.83 |
| Profit/(Loss) from operations before tax | (427.81) | 2,647.10 | 72.32 | 521.44 |
The results for the quarter include a refund of Rs. 60.15 Lakhs received from the Honorable Court related to a pending litigation, which was recognized as income during the current quarter. Other expenses for the quarter also included an amount of Rs. 300 lakhs for final settlement costs relating to projects completed in earlier years.
Results Review and Assurance
The company's Unaudited Financial Statements were reviewed by Suresh C. Maniar & Co., Chartered Accountants, who conducted a review in accordance with the Standard on Review Engagement (SRE) 2410. The firm confirmed that nothing came to their attention during the review that suggested the statements were not prepared in accordance with Indian Accounting Standards or contained any material misstatement.ATLANTAA Stock Price Movement
ATLANTAA LIMITED shares slipped on Wednesday, shedding ₹2.90 or 6.49% to close at ₹42.13. The stock saw a trading volume of 164,193 shares during the session.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.