Aqylon Nexus Limited Publishes Audited Financial Results for Q4 FY26
Aqylon Nexus Limited reported Q4 FY26 results with total income of ₹394.46 lakhs and a net loss of ₹799.31 lakhs. The full year FY26 income was ₹1,360.46 lakhs with a net profit of ₹575.80 lakhs. Exceptional items included a ₹1,543.59 lakhs gain from property sale and a ₹581.59 lakhs write-off. The company completed its CIRP and is now focused on AI/IT services.
The results include significant exceptional items and a shift in business focus. The net loss and negative net worth indicate potential financial instability, but the completion of CIRP and promoter support offer some stability, making the impact moderate.
While the company has reported results and highlighted a shift to a new business line and completion of CIRP, the financial performance shows a significant net loss for the quarter and a negative net worth, indicating ongoing challenges despite efforts towards revival.
Aqylon Nexus Limited (formerly Sri Adhikari Brothers Television Network Limited) has published its audited standalone financial results for the quarter and year ended March 31, 2026. The company reported a total income from operations of ₹394.46 lakhs for the quarter ended March 31, 2026, compared to ₹494.65 lakhs in the previous quarter. The net profit/(loss) after tax for the quarter was a loss of ₹799.31 lakhs, a significant decrease from a profit of ₹148.06 lakhs in the corresponding quarter of the previous year. For the full year ended March 31, 2026, the company reported a total income from operations of ₹1,360.46 lakhs and a net profit/(loss) after tax of ₹575.80 lakhs, compared to a loss of ₹2,236.83 lakhs in the previous year.
Exceptional items significantly impacted the results. The company recorded a profit of ₹1,543.59 lakhs from the sale of immovable properties as part of a resolution plan approved by the NCLT. Additionally, it wrote off deposits amounting to ₹581.59 lakhs related to extinguished income tax demands, resulting in a net impact of a gain of ₹962.00 lakhs from these exceptional items. Furthermore, the company reclassified expenses of ₹964.19 lakhs from Capital Work-in-Progress to Prepaid Expenses, as these were advertising and promotional costs not resulting in an asset.
The company has undergone Corporate Insolvency Resolution Process (CIRP) and its resolution plan was approved by the NCLT on December 8, 2023. The company successfully completed the entire resolution plan and paid off its financial liabilities by May 27, 2025. The NCLT took on record the successful implementation of the plan on September 1, 2025.
Following a change in management and promoters, the company has commenced a new line of business in AI and IT-related services. Despite incurring losses and having a negative net worth as of the reporting date, the management is actively pursuing new business opportunities. The promoter has provided a letter of financial support to ensure statutory and operational obligations are met for at least 12 months from the approval of the financial results. The financial results have been prepared on a going concern basis.
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Aqylon Nexus Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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