Andhra Pradesh Tanneries has reported a net loss of Rs 14.50 lakh for FY26, as the company remains non-operational. BSE has suspended trading due to unpaid listing fees, and auditors have raised concerns over the firm's ability to continue as a going concern given its negative net worth of Rs 1,299.33 lakh.
Andhra Pradesh Tanneries: FY26 Financial Results and Regulatory Update
Net Loss: Rs 14.50 lakh | Negative Net Worth: Rs 1,299.33 lakh
Reader Takeaway: The company is non-operational with suspended trading; significant going concern risks and regulatory non-compliance persist.
What just happened
Andhra Pradesh Tanneries held its 52nd Annual General Meeting on September 30, 2026. The company remains in a state of financial distress, reporting a net loss of Rs 14.50 lakh for the fiscal year ended March 31, 2026. Total equity for the period stood at a negative Rs 1,299.33 lakh, reflecting a deepening financial crisis compared to the previous year.
Why this matters
The company’s operational status remains stalled, and trading of its shares is suspended on the BSE. Statutory auditors have issued a cautionary note regarding the firm's status as a 'going concern' due to the erosion of net worth. Additionally, the company has failed to pay mandatory BSE listing fees for FY 2025-2026, further complicating its exchange standing.
The backstory
The firm has been struggling with a severe financial crisis that halted manufacturing operations. Beyond the fiscal losses, secretarial auditors flagged a breach of SEBI (LODR) Regulation 38, noting that the company has failed to maintain the required minimum public shareholding. Approximately 16.26 lakh equity shares currently remain pending for listing.
What changes now
Management has appointed a new Company Secretary and Compliance Officer as of May 01, 2026, aimed at addressing ongoing compliance gaps. Leadership has indicated that efforts are underway to explore revival plans for the company's operations, though no concrete timeline or financial roadmap has been provided.
Risks to watch
Investors should note the 'material uncertainty' raised by auditors. The combination of suspended trading, unpaid listing fees, and failure to meet regulatory shareholding norms presents significant liquidity and governance risks.
What to track next
Watch for any formal disclosures regarding the stated revival plan and official communications from the BSE regarding the potential lifting of the trading suspension.