Atcom Technologies: Auditor Disclaims Opinion on FY26 Results, Raises Going Concern

Atcom Technologies Limited submitted its audited financial results for the year ended March 31, 2026. However, the independent auditor issued a "Disclaimer of Opinion" on the standalone financial results. The auditor cited a lack of sufficient appropriate audit evidence regarding the certainty and recovery of trade receivables and loans to subsidiaries, pending legal actions, non-availability of confirmations for various accounts, non-payment of liabilities, and issues with bank finances and attachments by the Income Tax department. These factors led to an inability to determine the financial effect and raised significant concerns about the company's ability to continue as a going concern. Additionally, the auditor noted non-compliance with Ind-AS 21 regarding foreign currency translation and highlighted accumulated losses and eroded net worth. The company plans to submit a restructuring scheme to NCLT.