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Atlas Cycles Haryana: Board Approves Q3 FY26 Results, Extends Land Sale Deadline
Atlas Cycles (Haryana) Limited
January 16, 2026, 07:04 AM
Atlas Cycles Haryana's Board approved Q3 FY26 unaudited results showing a net loss of ₹1.50 crore for the quarter and ₹5.47 crore for nine months. The company extended the deadline for the sale of 20 acres of land in Sonepat to March 31, 2026, having received ₹30 crore so far, with another ₹30 crore due by the new deadline. The auditor's report noted unprovided interest on overdue payments and a default in Inter Corporate Loan repayment.
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Atlas Cycles (Haryana) Limited announced the outcome of its Board Meeting held on January 16, 2026. The Board approved the Unaudited Financial Results for the quarter and nine months ended December 31, 2025. These results, along with the Statutory Auditors' Limited Review Report, are available on the company's website.
In continuation of previous intimations regarding the sale of 20 acres of land in Sonepat, Haryana, the Board approved a further extension for the execution of the Sale Deed until March 31, 2026, as requested by the buyer. As of the agreement date, December 7, 2024, the company has received ₹30 Crore as part consideration. The buyer has committed to paying another part consideration of ₹30 Crore by March 31, 2026.
The financial results for the quarter ended December 31, 2025, show a revenue from operations of ₹151.63 lakh and a net loss of ₹150.25 lakh. For the nine months ended December 31, 2025, revenue from operations was ₹545.17 lakh with a net loss of ₹547.32 lakh. The auditor's report included a modified opinion, highlighting unprovided interest on overdue payments to creditors and default in repayment of Inter Corporate Loan, with an understated loss of ₹74.25 lakh.
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