Acme Resources News

ACME Resources Secretarial Auditor Resigns

ACME Resources Limited announces resignation of Vikas Gera & Associates as Secretarial Auditor effective February 09, 2026, citing pre-occupation with other professional assignments.

Acme Resources Reports Mixed Financial Performance with Tax Department Challenges

Acme Resources Limited announced its quarterly results for the quarter and half year ended September 30, 2025. The company reported total revenue from operations of Rs. 42.27 lakhs for the quarter, compared to Rs. 172.55 lakhs in the corresponding quarter of the previous year. The company posted a profit of Rs. 25.54 lakhs for the current quarter versus Rs. 90.39 lakhs in the same period last year. On a consolidated basis, total revenue was Rs. 300.25 lakhs for the quarter compared to Rs. 242.79 lakhs in the previous year. The company faces ongoing challenges with the Income Tax Department, including provisional attachment of inventory worth Rs. 543.92 lakhs during financial year 2023-24, of which Rs. 115.80 lakhs has been released against bank guarantee. Additionally, the company has received tax demand notices totaling Rs. 3,060.28 lakhs, Rs. 5,270.35 lakhs, and Rs. 734.89 lakhs for assessment years 2015-16, 2016-17, and 2023-24 respectively, which it has challenged before the Commissioner of Income Tax (Appeals). The company operates as a base layer NBFC and has two subsidiaries - Ojas Suppliers Limited and Atul Agro Private Limited.

Acme Resources Reports Rs 1,739.72 Lakh Loss for Year Ended March 2021

Acme Resources Limited reported a net loss of Rs 1,739.72 lakhs for the year ended March 31, 2021, compared to a loss of Rs 277.21 lakhs in the previous year. The company's total income decreased to Rs 1,157.44 lakhs from Rs 1,618.67 lakhs. The company made a significant provision of Rs 2,404.63 lakhs for impairment on financial instruments due to borrower defaults during the COVID-19 pandemic. Total expenses increased substantially to Rs 2,968.81 lakhs from Rs 1,337.19 lakhs. The company operates in NBFC business and property trading segments. Acme Resources granted moratorium to eligible borrowers up to six months on installments falling due between March 2020 and August 2020 following RBI guidelines. The audited results were approved by the Board of Directors on June 29, 2021.