Arex Industries Ltd. Q1 FY27 Financial Results and Board Meeting Outcomes

Financial Results for Quarter Ended June 30, 2026 (Q1 FY27)

The company reported standalone unaudited financial results:

Income Statement Highlights (₹ lakh):

  • Total Income: ₹1,428.42 lakh (compared to ₹1,243.49 lakh in Q1 FY26 and ₹1,127.02 lakh in Q4 FY26)
  • Revenue from operations: ₹1,426.42 lakh
  • Other Income: ₹2.00 lakh
  • Total Expenses: ₹1,204.11 lakh (compared to ₹1,232.64 lakh in Q1 FY26 and ₹1,092.93 lakh in Q4 FY26)
  • Cost of materials consumed: ₹408.18 lakh
  • Employee benefits expense: ₹452.83 lakh
  • Finance costs: ₹5.74 lakh
  • Depreciation and amortization: ₹105.70 lakh
  • Other expenses: ₹283.56 lakh
  • Exceptional Items: ₹954.00 lakh (maturity proceeds from Keyman Insurance Policy)
  • Profit Before Tax: ₹1,178.31 lakh (compared to ₹10.84 lakh in Q1 FY26 and ₹34.08 lakh in Q4 FY26)
  • Tax Expense: ₹297.53 lakh
  • Current tax: ₹309.00 lakh
  • Deferred tax: (₹11.47) lakh
  • Net Profit for the Period: ₹880.78 lakh (compared to net loss of ₹2.59 lakh in Q1 FY26 and net profit of ₹24.69 lakh in Q4 FY26)
  • Earnings Per Share (not annualized): ₹33.90 (face value ₹10 per share)
  • Paid-up Equity Share Capital: ₹259.87 lakh (25,98,700 equity shares of ₹10 each)

Exceptional Item Details

The company received maturity proceeds aggregating ₹954 lakh from a Keyman Insurance Policy taken on the life of Mr. Dinesh Bilgi, a Key Managerial Person, during financial year 2000-01. The policy matured during the quarter ended June 30, 2026, with Life Insurance Corporation of India as the insurer. This amount is chargeable to tax as business income under the Income-tax Act.

Board Meeting Outcomes (July 29, 2026)

The Board meeting commenced at 2:30 PM and concluded at 4:50 PM with the following resolutions:

1. Approval of Financial Results: Approved unaudited financial results for quarter ended June 30, 2026

2. Limited Review Report: Taken on record the limited review report from statutory auditors SWETA PATEL & ASSOCIATES

3. Director's Report: Considered and approved Director's Report for year ended March 31, 2026

4. Book Closure: Fixed book closure dates from Thursday, September 17, 2026 to Wednesday, September 23, 2026 (both days inclusive)

5. AGM Convening: Approved notice convening the 37th Annual General Meeting on Wednesday, September 23, 2026 at 12:30 PM IST via Video Conferencing/Audio-Visual Means

6. Final Dividend: Fixed Wednesday, September 16, 2026 as Record Date for distribution of Final Dividend

7. Director Re-appointment: Re-appointed Mr. Aviv Divekar (DIN: 00689884) as Non-Executive Independent Director for a second and final term of 5 consecutive years from September 1, 2026 to August 31, 2031, subject to shareholder approval

Remote E-voting Details for 37th AGM

  • Cut-off Date: September 16, 2026
  • Remote E-voting Commencement: September 20, 2026 at 9:00 AM IST
  • Remote E-voting End: September 22, 2026 at 5:00 PM IST

Director Re-appointment Details

Mr. Aviv Divekar (DIN: 00689884), aged 57 years, is an AM.I.E., Chartered Engineer and founder/director of M/s. Astech Informatics Ltd. He has expertise in Information Technology and is involved with different State Governments as Consortium Partner for Health-IT Projects and FMCG distribution since 2014. The company affirmed that he is not debarred from holding director office by any SEBI order or authority.