Indian Acrylics Limited announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a net loss of ₹167.33 lakh for the quarter. Notably, the company’s net worth has been substantially eroded due to continuous losses, although management intends to prepare financial statements on a going concern basis, citing expectations of improved future operations and pending government incentives. The Annual General Meeting is scheduled for September 29, 2026.
Indian Acrylics Limited Reports Q1 FY27 Financials
Indian Acrylics Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company reported a net loss of ₹167.33 lakh for the period. This follows a trend of continuous losses, which has substantially eroded the company’s net worth. Despite this financial challenge, the management plans to continue preparing the financial statements on a going concern basis. This decision is underpinned by the expectation of future operational improvements and the realization of pending government incentives.
Key Appointments and AGM Scheduled
In addition to the financial results, the Board of Directors approved the re-appointment of Shri Rajinder Kumar Garg as the Managing Director for a further period of three years, effective March 1, 2027. Similarly, Shri Alok Goyal has been re-appointed as an Executive Director (Works) for a three-year term, also commencing March 1, 2027. Both re-appointments are subject to shareholder approval. The Company’s next Annual General Meeting (AGM) is scheduled to be held on September 29, 2026.
Financial Performance Overview
The statement of standalone unaudited financial results indicates a revenue from operations of ₹7,429.93 lakh for the quarter ended June 30, 2026. Total expenses for the same period amounted to ₹11,096.66 lakh, leading to a profit/(loss) before exceptional items and tax of (₹167.33 lakh). Other comprehensive income included an amount of ₹82.03 lakh in the previous quarter (ended March 31, 2026), but nil for the current quarter. Total comprehensive income for the quarter was (₹167.33 lakh).
Source: BSE
