Outcome of Board Meeting

Emphasis Of MatterPat Growth 25pctExceptional ItemResults RestatedNegative Operating CashflowResults View source PDF Explain this filing

AARTECH · price

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Price reactionminutes from the announcement price · days from the prior close

-1.7%Reaction day

₹44.55

prior close

₹45.87

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.0%-1.6% vs market

Heavy Electrical Equipment peers, median of 33sector+1.8%-3.5% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 3.5 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-1.9

15m

-1.8

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.7-0.0-1.6+1.8-3.5

Next day

-4.8-0.7-4.2+3.0-7.8

-5.9-1.8-4.1-0.9-5.0

-7.6-0.7-6.9-0.2-7.5

-5.6-0.5-5.2+0.8-6.4

-6.2+0.4-6.6+1.9-8.2

-7.8-1.6-6.2-0.6-7.2

15d

+10.7+4.6+6.1+1.8+8.9

+7.4+4.6+2.9+3.1+4.3

+6.0+6.1-0.1-2.8+8.7

+11.1+10.8+0.3-7.2+18.4

UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 33Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Aartech Solonics Limited's Board approved its audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Standalone revenue grew 12.5% to ₹4,017.82 Lakhs (PY: ₹3,569.73 Lakhs), while PAT surged 71% to ₹349.71 Lakhs (PY: ₹204.37 Lakhs). Consolidated PAT rose 43.6% to ₹397.05 Lakhs. Key concerns include a fire accident at the Mandideep factory in October 2025 causing a ₹21.21 crore loss (insurance claim of ₹1.85 crore received), and an ongoing dispute with associate Enerqual Technology Pvt. Ltd where no impairment testing was performed due to lack of financial information. EPS figures were restated. New internal auditor M/s Simran Khanuja & Co. appointed for FY2026-27. Trade receivables nearly tripled to ₹1,631.30 Lakhs, indicating significant working capital pressure.

Likely market impact

Strong PAT growth (71% standalone, 43.6% consolidated) is positive but the fire loss, dispute with associate, and sharp rise in receivables raise concerns about operational risk and cash flow management. The restated EPS and auditor's Emphasis of Matter warrant attention.