Atcom Technologies: Auditor Disclaims Opinion on FY26 Results

Atcom Technologies Limited filed its audited standalone and consolidated financial results for the year ended March 31, 2026. The Board of Directors approved these results on May 28, 2026. However, the independent auditor issued a "Disclaimer of Opinion" on the standalone financial results. This was due to a lack of sufficient appropriate audit evidence regarding the certainty, quantum, and timeframe for recovery from trade receivables and loans to a subsidiary, as well as the outcome of pending legal actions. Other concerns included non-availability of confirmations for various accounts, non-payment of liabilities, and issues with bank finance and attachments by the income tax department. The auditor highlighted a material uncertainty related to the company's ability to continue as a going concern, making it impossible to form an opinion on the financial results. The auditor also noted a qualified opinion regarding accumulated losses, eroded net worth, and non-translation of foreign currency items, despite management's plans for an NCLT restructuring.