Antarctica Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting

Antarctica Ltd.'s board met to approve its Q1 FY26 financial results. Revenue for the quarter stood at Rs 4.99 Cr, a notable decrease from Rs 13.97 Cr year-on-year. Despite the sales decline, the company swung to a profit of Rs 0.69 Cr, turning around from a Rs 0.22 Cr loss in the same period last year. However, auditors flagged significant concerns, citing unconfirmed balances for receivables, payables, and advances, missing documentation for sales, and unverified inventory and bank balances. These serious issues led the auditors to issue a 'basis for disclaimer of opinion' on the financials.