Addi Industries limited has informed about the approval of: 1. Un-audited Financial Results (Standalone and Consolidated) along with Limited Review Report for the Quarter and Nine month ....
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The board approved unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025. The auditor (B.R. Gupta & Co.) issued an unmodified limited review report but flagged a 'going concern' emphasis of matter, noting the company is still exploring a new business venture that hasn't started, creating material uncertainty about continuity. The auditor also highlighted a change in control: an acquirer purchased 80,18,175 equity shares (74.27% of paid-up capital) on December 17, 2025 under a Share Purchase Agreement, triggering a restructuring. Two auditor changes were made — M/s Rawal & Co. replaced JVS & Associates as Secretarial Auditor, and M/s Garg B. Mohan & Co. replaced Ms. Rajeev Shagun Gupta & Co. as Internal Auditor, both filling casual vacancies. Mr. Amandeep was appointed as the new Company Secretary and Compliance Officer. Standalone nine-month revenue grew roughly 50% year-on-year, though standalone Q3 PAT figures remained modest.
Shareholders should note the going-concern flag and the 74.27% change in control via Share Purchase Agreement — this is a major corporate event that could significantly reshape the company's direction. The mid-year resignations of both the prior Secretarial and Internal Auditors also warrant attention, though new firms were appointed promptly. The 9-month revenue growth is a positive operational signal but needs to be viewed alongside the going-concern uncertainty.