ANS Industries says no business as half-year loss hits Rs 1.89 crore

ANS Industries Limited reported a Rs 1.89 crore loss for the half year ended 30 September 2026, stated that it was not carrying on business, and recorded no revenue from operations. ANS Industries reported Rs 2.12 lakh of total income, Rs 50.40 lakh of expenses and a Rs 48.28 lakh loss before tax for the six-month period.

Why does ANS Industries say it is not carrying on business?

ANS Industries said in note 6 to its standalone unaudited results that it “is not carrying on business.” Its income statement for the half year ended 30 September 2026 reported no revenue from operations, no cost of materials consumed, no purchases of stock-in-trade and no inventory changes. The disclosure was part of results approved by the board on 13 November 2026.

ANS Industries reported Rs 2.12 lakh of total income for the half year, compared with Rs 1.62 lakh in the half year ended 30 September 2025 and Rs 3.57 lakh for the year ended 31 March 2026. The filing classified this as other income, with note 4 saying other income includes rental income and bank interest. It did not report sales revenue in any of those periods.

Rental income was Rs 1.36 lakh in the quarter ended 30 September 2026, compared with Rs 0.76 lakh in the preceding June 2026 quarter and Rs 0.86 lakh in the September 2025 quarter. The reported quarterly increase in rental income did not represent operating revenue, because ANS Industries’ revenue-from-operations line remained blank in the results statement.

How did ANS Industries' September half-year result change?

ANS Industries’ reported loss widened to Rs 1.89 crore for the half year ended 30 September 2026 from Rs 24.76 lakh in the corresponding half year a year earlier. The company reported a Rs 64.73 lakh loss before tax for the full year ended 31 March 2026, a different 12-month period that is not directly comparable with the September half-year result.

Before exceptional items and tax, ANS Industries recorded a loss of Rs 48.28 lakh for the six months to 30 September 2026, against a Rs 33.46 lakh loss a year earlier. Total income increased by Rs 0.50 lakh year on year to Rs 2.12 lakh, while total expenses rose by Rs 15.33 lakh to Rs 50.40 lakh. The statement reported no exceptional items in either half-year period.

For the September 2026 quarter, ANS Industries reported a Rs 88.22 lakh loss, compared with a Rs 1.01 crore loss in the June 2026 quarter and a Rs 6.27 lakh loss in the September 2025 quarter. Other operating and general expenses fell to Rs 5.88 lakh in the September quarter from Rs 18.22 lakh in June, while employee benefits expense was Rs 8.01 lakh in both 2026 quarters.

The results statement showed a negative deferred-tax amount of Rs 1.41 crore for the half year, against tax expense of Rs 8.70 lakh in the prior-year half. It nevertheless reported a Rs 1.89 crore loss after tax. The displayed profit-before-tax, tax and profit-after-tax lines do not reconcile arithmetically, and ANS Industries did not explain this presentation in the filing.

What expenses did ANS Industries report without operating revenue?

ANS Industries reported Rs 50.40 lakh of total expenses during the half year despite recording no revenue from operations. Employee benefits expense was Rs 16.02 lakh, depreciation and amortisation was Rs 10.27 lakh, and other operating and general expenses were Rs 24.10 lakh. These three disclosed categories account for the reported expense base in the six months to 30 September 2026.

Other operating and general expenses increased to Rs 24.10 lakh from Rs 8.10 lakh in the half year ended 30 September 2025. Employee benefits expense rose from Rs 14.98 lakh, while depreciation and amortisation declined from Rs 12 lakh. The larger other-expense line was the main reported year-on-year increase among the disclosed cost categories.

ANS Industries reported basic and diluted loss per equity share of Rs 2.05 for the half year ended 30 September 2026, compared with a loss per share of Rs 0.27 for the year-earlier half. Paid-up equity share capital was unchanged at Rs 9.26 crore, based on equity shares with a face value of Rs 10 each.

What changed in ANS Industries' balance sheet and equity?

ANS Industries reported total assets of Rs 8.08 crore at 30 September 2026, down from Rs 8.52 crore at 31 March 2026. Non-current assets declined to Rs 7.76 crore from Rs 8.37 crore, while current assets increased to Rs 31.45 lakh from Rs 15.14 lakh. Cash and cash equivalents rose to Rs 24.09 lakh from Rs 6.81 lakh.

Property, plant and equipment declined to Rs 3.77 crore at 30 September 2026 from Rs 3.87 crore at 31 March 2026, alongside the Rs 10.27 lakh depreciation charge reported for the half year. Loans and advances fell to Rs 1.16 crore from Rs 1.26 crore. Deferred-tax assets were unchanged at Rs 3.01 crore in both balance-sheet dates.

Total current liabilities rose to Rs 3.28 crore from Rs 3.24 crore. Borrowings were unchanged at Rs 1.54 crore, while other current liabilities increased to Rs 1.66 crore from Rs 1.63 crore. Trade payables increased to Rs 0.59 lakh from Rs 0.44 lakh, and the balance sheet showed no non-current liabilities at either date.

The filing presents two different equity figures for 30 September 2026. The results table showed net worth of Rs 3.39 crore and other equity of negative Rs 5.87 crore, while the statement of assets and liabilities showed total equity of Rs 4.80 crore and other equity and reserves of negative Rs 4.46 crore. Both statements showed paid-up share capital of Rs 9.26 crore, and ANS Industries provided no reconciliation for the difference.

ANS Industries said its statutory auditor carried out a limited review of the standalone results approved on 13 November 2026. The auditor, D M A R K S & Associates, said a review is less extensive than an audit and that it did not express an audit opinion. The report said the auditor’s conclusion on the matter stated in its report was not modified.

Conclusion

ANS Industries’ 30 September 2026 filing describes a company not carrying on business, with Rs 2.12 lakh of half-year other income and no reported operating revenue. A Rs 50.40 lakh expense base produced a Rs 48.28 lakh pre-tax loss, while the company reported a Rs 1.89 crore loss after tax and total assets of Rs 8.08 crore.

The next disclosure to watch is whether ANS Industries provides a plan, target or timetable for resuming business, because the 13 November 2026 announcement contains none. Investors may also watch for clarification of the differing equity figures, including Rs 3.39 crore of net worth in the results table and Rs 4.80 crore of total equity in the balance sheet.