Audroc Ltd Announces Quarterly Financial Results and Board Changes
Audroc Limited (formerly known as Alka India Limited) has announced its unaudited standalone financial results for the quarter ended June 30, 2026. The company also confirmed a change in the designation of one of its directors during a board meeting held on July 17, 2026.Financial Performance Review
The company reported a net profit of Rs. 4.34 lakh for the three months ended June 30, 2026. This follows an audited profit of Rs. 81.99 lakh in the preceding quarter (ending March 31, 2026) and a loss of Rs. 41.69 lakh in the corresponding period of the previous year.The financial data for the current period is summarized below:
| Particulars | 3 months ended (30/06/2026) | Preceding 3 months ended (31/03/2026) | Corresponding 3 months ended (30/06/2025) |
|---|---|---|---|
| Revenue from Operation | Rs. 98.60 lakh | Rs. 250.21 lakh | Rs. 0.00 lakh |
| Total Expenses | Rs. 94.26 lakh | Rs. 168.22 lakh | Rs. 41.69 lakh |
| Profit/(Loss) before tax | Rs. 4.34 lakh | Rs. 81.99 lakh | Rs. -41.69 lakh |
| Net Profit/(Loss) for the period | Rs. 4.34 lakh | - | Rs. -41.69 lakh |
The company's expenses during the quarter primarily consisted of a cost of materials consumed amounting to Rs. 65.25 lakh, employee benefit expenses of Rs. 6.29 lakh, and other expenses totaling Rs. 22.62 lakh.
Audit Qualification and Management Notes
The statutory auditor issued a qualified opinion regarding the direct write-off of subsidiary investments, loans, and tax balances aggregating to Rs. 7,41,13,473. The company adjusted these amounts against the 'Quasi-Equity' / 'Deposit' account of Director Mr. Jatinbhai R. Patel. The auditor noted that this treatment deviates from measurement and recognition principles under Ind AS 109 and Ind AS 1, suggesting that the loss for the quarter may be understated and reserves overstated by Rs. 7,41,13,473.Additionally, the company highlighted several key operational updates:
- The company name was changed from Alka India Limited to AUDROC LIMITED effective April 21, 2026.
- The primary business focus has shifted from the textile sector to the agro-commodity sector.
- Trading activity during the quarter involved exempt goods, and the company is not liable for GST registration under Section 23 of the CGST Act, 2017.
- Management was handed over to a Resolution Applicant in accordance with an approved resolution plan.
Corporate Governance Updates
The Board of Directors approved the reclassification of Mr. Karnik Shasankan Pillai from 'Promoter' to 'Professional Director' effective July 17, 2026. This change is strictly a classification adjustment and does not impact his tenure, powers, duties, or responsibilities as the Managing Director of the company.The company also noted that its equity share capital increased from Rs. 50,00,000 to Rs. 65,00,000 following a bonus issue approved in the Annual General Meeting held on May 4, 2026.
Stock Price Movement
Audroc Ltd shares settled higher at ₹6.42, representing a 4.90% gain on Monday. The stock traded completely flat throughout the session, locked at both its high and low of ₹6.42.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.
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