5050292026-01-012026-03-315050292026-03-315050292025-03-315050292025-04-012026-03-315050292026-01-012026-03-31in-capmkt:OtherExpenses1Member5050292025-04-012026-03-31in-capmkt:OtherExpenses1Member5050292026-03-31OtherNoncurrentAssetsDomain15050292026-03-31OtherCurrentFinancialAssetsDomain15050292026-03-31OtherCurrentAssetsDomain15050292026-03-31OtherNoncurrentFinancialLiabilitiesDomain15050292026-03-31OtherCurrentLiabilitiesDomain15050292026-01-012026-03-31AuditorDomain15050292026-01-012026-03-31in-capmkt:AuditedMember5050292026-03-31in-capmkt:AuditedMember5050292026-01-012026-03-31in-capmkt:AdjustedMember5050292026-03-31in-capmkt:AdjustedMember5050292026-01-012026-03-31AuditQualification15050292026-01-012026-03-31AuditQualification25050292026-01-012026-03-31AuditQualification35050292026-01-012026-03-31AuditQualification45050292026-01-012026-03-31AuditQualification5iso4217:INRiso4217:INRxbrli:shares505029ATLASCYCLENOTLISTEDINE446A01025ATLAS CYCLES (HARYANA) LIMITEDMain BoardEquity2025-04-012026-03-312026-05-142026-05-05INRLakhsQuarterlyFourth quarterSingle segmentCYCLES2026-05-1411:00:002026-05-1412:50:00trueCash Flow IndirectStatement on impact of audit qualificationtruefalseNoNofalsetrue2024-05-29https://www.atlasbicycles.com/policies.htmfalsefalseNot Applicable2026-01-012026-03-31AuditedStandalone1452700079200015319000125130000377000346200011300020880002239600040949000-256300000-256300000000-256300000000-256300000-256300003251900010-3.94-3.9400-3.94-3.941 These Standalone audited financial results have been prepared in accordance with the Indian Accounting Standards (referred to as “Ind AS") 34 interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. <BR> 2 The figures of the quarter ended 31st March 2026 are balancing figure between the audited figure of the financial year and the unaudited year to date figure up to the third quarter ended 31 December 2025 <BR> 3 The company operates only in one reportable segment i.e. Cycles <BR> 4 The aforesaid standalone audited Financial Results of Alas Cycles (Haryana) Limited (“the Company”) for the quarter ended 31st March 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at its respective meetings held on 14th May 2026 <BR> 5 The Company did not have any subsidiary, associate or joint venture entity (ies) during the quarter and financial year ended 31st March 2026 <BR> 6 Previous Quarter/Year figures have been regrouped, re arranged or re classified wherever necessary to confirm to the Classification for the current quarter/year. <BR> 2025-04-012026-03-31AuditedStandalone69044000248600071530000639760000377000193730001310001528200052753000151892000-803620000-803620000000-803620000000-803620000-8036200032519000100-12.36-12.3600-12.36-12.36Other Expenses22396000Other Expenses52753000423001500000790000790002709010003314000045341350002060300003175400027752000014114100010046000210693000609260002922220004826357000325190003762608000379512700037951270009000000040459000049459000029880004975780000100364000352273000452637000452637000235110005750400053365200010312300004826357000Other non-current assets33140000Other financial assets10046000Other current assets60926000Other financial liabilities404590000Other current liabilities23511000131000-492000-25480000-34348000235000000-569530000-46580000152820000-47129000002280000000000000-78200025480000992860001892400000000189240000000000087000010400000000000000000000000076600000000000000013100000-13100019559000019559000819400027753000AuditedQualified opinionDinesh Nangru & Co.true2027-04-307153000071530000151892000164075000-80362000-92545000-12.36-14.23482635700048263570001031230000104341300037951270003782944000The company has not provided for the interest on overdue outstanding payment of creditors including MSMEs and on suits filed by creditors in different courts. Exact quantum of liability is not ascertainable in absence of reconciliations with suppliers and balance confirmations by suppliers; however, the company has disclosed in contingent liability regarding claims of interest filed by creditors in different courts.Qualified opinionRepetitiveThe company has not provided for the interest on overdue outstanding payment of creditors including MSMEs and on suits filed by creditors in different courts as the management is confident of settlement of all outstanding dues with the vendors without payment of any interest as has already been done in the past in settlement of all IBC & other cases with the creditors. However, the company has disclosed in contingent liability regarding claims of interest filed by creditors in different courtsNANANAThe company has not provided for deferred tax Liability/ Deferred tax asset during the year 2025-26Qualified opinionRepetitiveDue to uncertainty of future profits, deferred tax asset has not been provided for.NANANAThe company has defaulted in repayment of Inter Corporate Loan within stipulated time as per the agreed terms. Further, the company has not recognized interest expense on the borrowings of the company. The accumulated interest not provided as on 31st March 2026 is Rs. 4,95,00,000/- (including Rs. 99,00,000/- for the financial years 2024-25, Rs. 99,00,000/- for the financial years 2023-24, Rs. 99,00,000/- for the financial years 2022-23, Rs. 99,00,000/- 2021-22 and Rs. 99,00,000/- 2020-21, calculated at simple interest rate) which is not in accordance with the requirement of IND- AS 23; Borrowing Cost. The company has understated losses to the tune of Rs. 99,00,000/- for FY 2025-26Qualified opinionRepetitiveQualification is self-explanatory.NANANAThe company has not provided for Statutory Audit fee during the financial year 2025-26, hence understated losses to the tune of Rs. 22,83,300/-. The accumulated Statutory Audit fee not provided as on 31st March 2026 is Rs. 1,61,66,600/- (including Rs. 22,83,300/- for the financial years 2024-25, Rs. 29,00,000/- for the financial years 2023-24, Rs. 29,00,000/- for the financial years 2022-23, Rs. 29,00,000/- for the financial years 2021-22 and Rs. 29,00,000/- 2020-21).Qualified opinionRepetitiveAudit fee expenses will be booked on cash basis.NANANAThe company has neither exported goods nor disclosed advance against export sales as per FEMA regulations amounting Rs. 48,93,640/-.Qualified opinionRepetitiveThese amounts are very old and unreconciled balances with buyers and reconciliations are pending.NANANACHANDER MOHAN DHALLSATYA PRAKASH DANGWALISHWAR DAS CHUGHDINESH NANGRUDELHI2026-05-14