Key Financial Figures (₹ in Lakhs)

Financial Performance FY 2025-26:

  • Revenue from Operations: ₹37.75
  • From prior business (spices, bakery, karyana): ₹17.75 (47.01%)
  • From new ADR Marketplace business: ₹20.00 (52.98%)
  • Other Income: ₹20.17
  • Total Revenue: ₹57.93
  • Total Expenditure: ₹107.42
  • Exceptional Items: ₹32.89 (Assets written off: ₹17.54, Loss on sale of fixed assets: ₹15.34)
  • Profit Before Tax: (₹82.37)
  • Tax Expense: ₹7.45 (Deferred tax)
  • Net Loss After Tax: (₹74.93)

Comparative Figures FY 2024-25:

  • Revenue from Operations: ₹73.55
  • Other Income: ₹6.39
  • Total Revenue: ₹79.94
  • Total Expenditure: ₹158.14
  • Profit Before Tax: (₹78.20)
  • Tax Expense: ₹3.72
  • Net Loss: (₹74.48)

Balance Sheet Position as at March 31, 2026:

  • Total Assets: ₹3,497.98 lakhs
  • Non-current assets: ₹605.25 lakhs
  • Property, Plant & Equipment: ₹7.17 lakhs
  • Intangible Asset Under Development (ADR Marketplace): ₹584.71 lakhs
  • Deferred tax assets: ₹13.37 lakhs
  • Current assets: ₹2,892.73 lakhs
  • Trade receivables: ₹362.71 lakhs
  • Cash and cash equivalents: ₹2,000.00 lakhs
  • Short-term loans & advances: ₹409.39 lakhs
  • Other current assets: ₹120.63 lakhs
  • Equity and Liabilities: ₹3,497.98 lakhs
  • Share capital: ₹599.29 lakhs (59,92,900 equity shares of ₹10 each)
  • Reserves and surplus: ₹183.95 lakhs
  • Share warrant application money: ₹739.35 lakhs
  • Share warrant premium: ₹1,922.25 lakhs
  • Long-term borrowings: ₹28.32 lakhs
  • Current liabilities: ₹24.82 lakhs

Significant Corporate Developments

Business Transformation:

  • Members approved change in main object clause via postal ballot on December 14, 2025
  • Company shifted from spices trading to Alternate Dispute Resolution (ADR) services
  • New business activities include mediation, arbitration, conciliation, and negotiation services
  • ADR business commenced from December 15, 2025

Name Change:

  • Members approved name change from 'Jetmall Spices and Masala Limited' to 'Artemis ADR Marketplace Limited' via postal ballot on May 2, 2026
  • Name change approved by Registrar of Companies and BSE
  • Certificate from auditor confirmed 52.98% of revenue from new ADR business in preceding year

Capital Structure Changes:

  • Authorized share capital increased from ₹6.00 crore to ₹22.00 crore via postal ballot on October 1, 2025
  • Preferential issue of 98,58,000 equity warrants to Bridge India Fund (Non-Promoter FPI Category 1) for ₹35.48 crore
  • 75% amount (₹26.62 crore) received on allotment on February 6, 2026
  • Balance 25% payable on exercise of warrants within 18 months

Management Changes:

  • Complete board reconstitution effective September 1, 2025
  • New directors: Shrey Aggarwal (Whole-time Director), Vivek Sethi (Independent), Harpreet Singh (Independent), Arti Chadha (Non-Executive Women Director)
  • Key Managerial Personnel: Nitin Gupta (CFO), Puja Kalwar (Company Secretary)
  • Registered office shifted from Tamil Nadu to Chandigarh

AGM Details

  • 14th Annual General Meeting: September 21, 2026 at 12:30 PM through video conferencing
  • Business Items:

1. Adoption of audited financial statements for FY 2025-26

2. Appointment of M/s K Singh & Associates as statutory auditors for 4 years (until 2030 AGM)

3. Re-appointment of Arti Chadha as director retiring by rotation

4. Ratification of auditor's certificate for name change (Special Resolution)

  • Record Date: September 14, 2026
  • E-voting Period: September 18-20, 2026

Regulatory and Compliance Matters

  • Statutory Auditors: M/s K Singh & Associates, Chartered Accountants (FRN: 012458N)
  • Secretarial Auditors: M/s Nishant Jain & Associates, Company Secretaries
  • Internal Auditors: Anmol S Kumar & Associates, Chartered Accountants
  • Secretarial Audit Qualifications:
  • Pending completion of online proficiency test by independent director
  • Pending approval for deposits accepted during the year
  • Deposits: Accepted ₹28.60 lakhs from members, with ₹25.34 lakhs outstanding
  • Related Party Transactions: Transactions with Jupitice Justice Technologies Pvt Ltd, Aeren IT Solution Pvt Ltd, and promoter entities

Operational Highlights

  • Revenue Disaggregation (April 2025-March 2026):
  • Q1 (Apr-Jun): ₹11.75 lakhs (31.12%) from prior business
  • Q2 (Jul-Sep): ₹6.00 lakhs (15.89%) from prior business
  • Q3 (Oct-Dec): ₹0 from prior business
  • Q4 (Jan-Mar): ₹20.00 lakhs (52.98%) from new ADR business
  • Capital Work-in-Progress: ₹584.71 lakhs invested in ADR Marketplace infrastructure development
  • Agreement with Jupitice Justice Technologies for development of marketplace infrastructure

Key Ratios and Metrics

  • Current Ratio: 116.54x (vs 227.44x previous year)
  • Debt-Equity Ratio: 0.01x (vs 0.00x)
  • Return on Equity: -3.45% (vs -8.26%)
  • Inventory Turnover Ratio: 5.72x (vs 5.57x)
  • Trade Receivables Turnover Ratio: 0.10x (vs 0.21x)
  • Net Profit Margin: -198.46% (vs -101.27%)

Forward-looking Statements

The company has strategically repositioned itself in the ADR services sector with significant capital investment through warrant proceeds. The management expects the new business vertical to drive future growth, leveraging the rising demand for alternative dispute resolution mechanisms.