AGM Details

The 14th Annual General Meeting will be held on Monday, September 21, 2026 at 12:30 PM IST through Video Conferencing/Other Audio Visual Means. The deemed venue is the registered office at Ground Floor, Plot no. 14, I T Park, Chandigarh-160101.

Ordinary Business Items

1. To receive, consider and adopt the Audited Financial Statements for the year ended March 31, 2026 together with Reports of Directors and Auditors

2. To appoint M/s K Singh & Associates, Chartered Accountants (Firm Registration No. 012458N) as Statutory Auditor for 4 years from conclusion of this AGM till conclusion of AGM in 2030

3. To reappoint Ms. Arti Chadda (DIN: 08350392) as Director who retires by rotation

Special Business Item

4. Ratification and confirmation of certificate issued by chartered accountant in connection with the change of name of the company from Jetmall Spices and Masala Limited to Artemis ADR Marketplace Limited

Financial Performance Summary (₹ in Lakhs)

| Particulars | 2025-26 | 2024-25 |

| Revenue from Operations | 37.75 | 73.55 |

| Other Income | 20.17 | 6.39 |

| Total Revenue | 57.93 | 79.94 |

| Total Expenditure | 107.42 | 158.14 |

| Profit Before Tax | (82.37) | (78.20) |

| Profit After Tax | (74.93) | (74.48) |

Key Financial Metrics

  • Current Ratio: 116.54x (227.44x in FY25)
  • Debt-Equity Ratio: 0.01x (0.00x in FY25)
  • Return on Equity: -3.45% (-8.26% in FY25)
  • Net Worth: ₹3,444.84 lakhs (₹902.27 lakhs in FY25)
  • Earnings Per Share (Basic): (₹1.25) ((₹1.24) in FY25)
  • Earnings Per Share (Diluted): (₹0.47) ((₹1.24) in FY25)

Business Transformation

The company underwent significant changes during FY26:

  • Management Change: Change in control through open offer completed in September 2025
  • Business Model Shift: Members approved change in main object clause through postal ballot on December 14, 2025 to diversify into Alternate Dispute Resolution (ADR) services
  • Name Change: Changed from Jetmall Spices and Masala Limited to Artemis ADR Marketplace Limited, approved by members on May 2, 2026

Revenue Disaggregation

For FY26 (April 2025 to March 2026):

  • Prior business activity (Spices, Bakery, Karyana): ₹17.75 lakhs (47.01%)
  • New business activity (ADR Marketplace): ₹20.00 lakhs (52.98%)
  • Total Revenue: ₹37.75 lakhs (100%)

Quarterly breakdown:

  • Q1 (April-June): ₹11.75 lakhs (31.12%)
  • Q2 (July-Sep): ₹6.00 lakhs (15.89%)
  • Q3 (Oct-Dec): ₹0.00 lakhs (0%)
  • Q4 (Jan-Mar): ₹20.00 lakhs (52.98%)

Capital Structure Changes

  • Authorized Share Capital: Increased from ₹6.00 crore to ₹22.00 crore through postal ballot on October 1, 2025
  • Paid-up Capital: ₹5,99,29,000 divided into 59,92,900 equity shares of ₹10 each (unchanged during year)
  • Warrant Issuance: Issued 98,58,000 equity warrants to Bridge India Fund (Non-Promoter FPI Category 1) for cash consideration of ₹35,48,88,000
  • 75% amount (₹26,61,66,000) received on allotment
  • Balance to be paid on exercise of equity warrants

Key Management Personnel

Board of Directors as on March 31, 2026:

  • Vivek Sethi (Independent Director)
  • Harpreet Singh (Independent Director)
  • Arti Chadha (Non-Executive Women Director)
  • Shrey Aggarwal (Whole-Time Director)

Key Managerial Personnel:

  • Nitin Gupta (Chief Financial Officer)
  • Puja Kalwar (Company Secretary)

Statutory Auditors: M/s K Singh & Associates, Chartered Accountants

Material Contracts and Arrangements

The company entered into related party transactions during FY26:

  • Jupitice Justice Technologies Private Limited: Received services worth ₹584.71 lakhs
  • Aeren IT Solution Private Limited: Paid rent of ₹37.43 lakhs
  • Raman Aggarwal (Promoter): Received loan of ₹28.60 lakhs

Capital Expenditure

Capital Work-in-Progress of ₹584.71 lakhs represents expenditure incurred on development of ADR Marketplace infrastructure.

Outstanding Receivables

Substantial portion of trade receivables (₹362.71 lakhs) and loans/advances (₹409.39 lakhs) pertain to transactions during previous management tenure. Current management is following up for recovery.

Audit Qualifications

Secretarial Audit Report noted two observations:

1. Pending completion of online proficiency self-assessment test by concerned Independent Director

2. Deposits accepted during year without requisite approval

Voting Arrangements

  • Remote e-voting period: September 18, 2026 (9:00 AM) to September 20, 2026 (5:00 PM)
  • Cut-off date for determining voting rights: September 14, 2026
  • Scrutinizer: M/s Nishant Jain & Associates, Practicing Company Secretaries