Aqylon Nexus Limited (formerly Sri Adhikari Brothers Television Network Limited) announced its audited financial results for the quarter ended March 31, 2026, where the company reported a revenue of ₹388.12 Lakhs. This represents a decrease of 21.52% from the ₹494.57 Lakhs reported in the previous quarter (QoQ), but a significant increase of 180.15% compared to ₹138.54 Lakhs in the corresponding quarter of the previous year (YoY). The company faced a net loss of ₹799.31 Lakhs for the current quarter, a sharp decline compared to a profit of ₹148.06 Lakhs in the preceding quarter and a profit of ₹12.27 Lakhs in the same period last year. This loss was primarily driven by exceptional items, including the write-off of non-recoverable deposits.

Aqylon Nexus Limited is a Mumbai-based company that has recently transitioned its core business focus to Artificial Intelligence (AI) and IT-related services following a change in management and a court-approved resolution plan. To further its global reach, the Board of Directors recently approved the incorporation of a wholly-owned subsidiary, Aqylon Nexus Holding LLC, in the United Arab Emirates to tap into the growing demand for AI technology in the Middle East. Despite the strategic shift, the company’s auditors have noted a material uncertainty regarding its ability to continue as a “going concern” due to accumulated losses resulting in a negative net worth.