Board Meeting Details

The Board of Directors meeting commenced at 03:30 PM IST and concluded at 04:00 PM IST on August 01, 2026.

Key Approvals

1. Un-Audited Quarterly Financial Results (Standalone & Consolidated)

  • Approved the Un-Audited Quarterly Financial Results (Standalone & Consolidated) for quarter ended June 30, 2026
  • Along with Limited Review Report pursuant to Regulation 33 of SEBI LODR
  • Results reviewed by Audit Committee and approved by Board

2. Resignation of Statutory Auditors

  • M/s B R Gupta & Co, Chartered Accountants (Firm Registration No.: 008352N) tendered resignation on August 01, 2026
  • Resignation effective immediately
  • Reason: Unwillingness to increase audit fees for FY 2026-27 to be commensurate with estimated time cost requirement as recommended by ICAI
  • No concerns raised by resigning auditor regarding company management
  • No material reason for resignation requiring Audit Committee deliberation
  • Resignation letter and required details provided as per SEBI Master Circulars

3. Appointment of New Statutory Auditors

  • Based on Audit Committee recommendation, Board approved appointment of M/s Shilpi Sharma and Co LLP, Chartered Accountants (Firm Registration No. 021442N)
  • Appointment subject to shareholder approval
  • To fill casual vacancy caused by resignation from August 01, 2026 until ensuing AGM
  • Recommended for five consecutive years effective from ensuing AGM until 49th AGM
  • Brief profile provided: Firm has experience in corporate audits, taxation, bank audits, and syndication of finance. Currently conducts statutory branch audit of Punjab National Bank and concurrent branch audit of State Bank of India and Bank of India.

Financial Results Highlights

Standalone Results (Quarter Ended June 30, 2026)

  • Total Income: ₹134.49 lakh
  • Total Expenses: ₹28.47 lakh
  • Profit before Tax: ₹106.02 lakh
  • Tax Expense: ₹19.57 lakh (Current Tax: ₹19.26 lakh, Deferred Tax: ₹0.31 lakh)
  • Net Profit: ₹86.45 lakh
  • Other Comprehensive Income: (₹0.10) lakh
  • Total Comprehensive Income: ₹86.35 lakh
  • EPS (Basic & Diluted): ₹0.80
  • Paid-up equity share capital: ₹540.00 lakh (face value ₹5 each)

Consolidated Results (Quarter Ended June 30, 2026)

  • Includes one subsidiary: Aum Texfab Private Limited
  • Total Income: ₹136.47 lakh
  • Total Expenses: ₹345.55 lakh
  • Profit before Tax: ₹109.58 lakh
  • Tax Expense: ₹20.46 lakh
  • Net Profit: ₹89.12 lakh
  • Other Comprehensive Income: (₹0.10) lakh
  • Total Comprehensive Income: ₹89.02 lakh
  • EPS (Basic & Diluted): ₹0.83
  • Paid-up equity share capital: ₹540.00 lakh

Subsidiary Financials (Aum Texfab Private Limited)

  • Total revenue (before eliminating inter-company transaction ₹2.24 lakh): ₹213.30 lakh
  • Total net profit after tax (before eliminating inter-company transaction ₹Nil): ₹2.67 lakh
  • Total comprehensive income (before eliminating inter-company transaction ₹Nil): ₹2.67 lakh
  • Financial statements not reviewed by their auditor, considered not material to Group

Auditor's Review Report Notes

  • Figures for three months ended March 31, 2026 are balancing figures between audited full-year figures and published YTD figures up to third quarter
  • Company is exploring modalities to start new business venture but hasn't implemented yet, indicating material uncertainty about going concern
  • Management believes going concern basis appropriate due to future business opportunities, significant cash & bank balances, positive net worth, and no borrowings

Additional Information

  • Results available on BSE website (www.bseindia.com) and company website (http://www.addiindustries.com/)
  • No reportable segments as per IND AS 108
  • Previous year figures re-grouped/re-classified for comparability
  • Resigning auditor agreed to file e-form ADT-3 with Registrar of Companies
  • Resigning auditor confirmed receipt of requisite information and explanations for audit procedures