Company Overview
Artemis Electricals and Projects Limited (BSE: 542670, NSE: AEPL) reported its FY26 financial results and announced its 17th Annual General Meeting scheduled for September 30, 2026, to be conducted via video conferencing.
Financial Performance
FY26 standalone revenue grew 11.35% to ₹80.56 crore with net profit of ₹8.86 crore, while consolidated profit reached ₹8.71 crore, representing a 15% year-over-year increase. Key financial metrics showed improvement with current ratio at 1.53, debt-equity ratio at 0.02, and return on equity at 9.20%. Cash balances improved significantly to ₹14.41 crore from ₹1.35 crore in FY25, though trade receivables increased to ₹39.79 crore from ₹24.27 crore.
Operational Highlights
The company successfully listed on the National Stock Exchange in March 2026 and maintained its zero dividend policy, transferring profits to reserves. Manufacturing activities were minimal as management focused more on projects and project-related works. A significant lithium-ion battery plant project is underway with capital work-in-progress of ₹55.55 crore, expected to commission by March 2027 through a contract with related party Electroforce (India) Private Limited.
AGM Agenda and Corporate Governance
The 17th AGM will seek shareholder approval for adoption of FY26 financial statements, re-appointment of director Mr. Saideep Shantaram Bagale, appointment of secretarial auditors for a 5-year term, and related party transactions worth up to ₹100 crore with specified entities. The board composition includes six directors with 8 meetings held during the year, demonstrating robust corporate governance practices.
Shareholding and Ownership
Promoter & Promoter Group maintained 72.45% ownership, with top shareholders including Yashvikram Infrastructure (22.82%), Garuda Aviation Services (21.39%), and Pravin Kumar Agarwal (13.86%). All shares are held in dematerialized form with no changes in share capital during the year.
Regulatory Compliance and CSR
The company received penalties from BSE for delayed submissions in previous years but maintained full compliance in FY26. CSR obligation of ₹15.66 lakhs was fully met through educational donations to Saket Seva Foundation. The company confirmed compliance with all MCA requirements including audit trail functionality and no transactions with struck off companies.
Related Party Transactions
Material transactions included revenue from operations with Garuda Construction (₹3.12 crore), purchase of goods/work contracts (₹10.61 crore), and capital expenditure with Electroforce India (₹29.71 crore for lithium-ion plant). All transactions were conducted at arm's length basis with proper shareholder approvals.