Atcom Technologies Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting
29-05-2025 | 04:39 pm
29-05-2025 | 04:39 pm
Atcom Technologies approved the consolidated financial results for FY25, reporting revenue of Rs 25.17 lakh and a net loss of Rs 1.50 lakh. Despite no cash losses, accumulated losses have eroded net worth, and liquidation proceedings continue. The company is moving ahead with an NCLT-backed restructuring plan to revive operations. The auditor flagged concerns on loan recoverability, pending litigations, and financial controls, with no clear view on going concern status. Management stays confident about a potential turnaround despite these hurdles.
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