Ace Men Engg Works Ltd — Important, 01-06-2026: Company Update

Ace Men Engg Works' board has approved the audited financial results for the year ending March 31, 2026. The company reported a consolidated Net Profit of 0.16 Cr on 10.87 Cr revenue. Auditors issued a qualified opinion on consolidated results, citing a subsidiary's 1.47 Cr unsecured loans and 12.63 Cr borrowings that exceeded limits without shareholder approval. Also, 4.62 Cr in loans to related parties raised auditor concerns. Management states these issues will be resolved or repaid. Standalone results received an unqualified opinion. An independent director resigned due to preoccupation.