Company Overview and AGM Details
Ecofinity Atomix Limited (formerly Aryavan Enterprise Limited) will hold its 34th Annual General Meeting on 28th September 2026 through video conferencing. The meeting will address adoption of FY26 financial statements, re-appointment of directors, and approval of remuneration for Chairman & Managing Director Mr. Prafullchandra Vitthalbhai Patel. Shareholders must vote remotely between 24th-27th September 2026 using CDSL's e-voting platform, with 21st September 2026 as the cut-off date for eligibility.
Financial Performance Highlights
The company reported strong FY26 results with revenue growth to ₹3512.22 lakhs (from ₹3107.40 lakhs in FY25) and profit increase to ₹337.44 lakhs (from ₹152.03 lakhs). An interim dividend of ₹0.50 per equity share was paid on 19th December 2025, with no final dividend recommended. The company's subsidiary Padmavati Chemicals reported turnover of ₹1994.24 lakhs with profit after tax of ₹25.07 lakhs.
Financial Risk Management Disclosures
The Group's maximum exposure to credit risk is ₹373.78 lakh from unsecured inter-corporate deposits, subject to counterparty default. Net debt surged significantly to ₹1,332.71 lakh with gearing ratio increasing sharply to 29.49% from 4.54% year-over-year. This increase was driven by higher current & non-current borrowings (₹329.59 lakh vs ₹16.55 lakh) and trade payables (₹1077.96 lakh vs ₹167.22 lakh).
Capital Structure and Liquidity
The company maintains ₹74.84 lakh in cash and cash equivalents with principal sources of liquidity supporting short-term requirements. Trade receivables of ₹1708.75 lakh include ₹66.49 lakh overdue for more than three years but considered good. The Group has no contingent liabilities, derivative instruments, foreign currency exposures, or benami property proceedings as of March 31, 2026.
Corporate Governance and Compliance
The Board composition includes five directors with established audit, nomination, and stakeholders' relationship committees. Secretarial audit noted non-implementation of System Driven Disclosures mechanism and non-publication of financial results in newspapers as required by SEBI. Since paid-up capital is less than ₹10 Crores and turnover less than ₹25 Crores, full corporate governance compliance under SEBI LODR Regulations is not applicable.