Addi industries Limited has informed that about the following agenda: 1. Appointment of Secretarial Auditor M/s. Rawal & Co. (Company Secretaries) 2. Appointment of Internal Auditor ....
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Addi Industries reported its Q3 FY26 (quarter ended December 31, 2025) unaudited standalone and consolidated results, showing standalone revenue from operations of about ₹134.94 lakh for the quarter (down sharply from ₹264.86 lakh in Q3 FY25) and ₹402.42 lakh for the nine-month period. The auditor has flagged a material going-concern uncertainty, noting the company is still exploring a new business venture that hasn't started yet. More significantly, the auditor's review report reveals a change of control: an acquirer purchased 8,018,175 equity shares (74.27% of paid-up capital) on December 17, 2025 under a Share Purchase Agreement, leading to a takeover of the company. The board also appointed Mr. Amandeep as the new Company Secretary, M/s Rawal & Co. as the new Secretarial Auditor, and M/s Garg B. Mohan & Co. as the new Internal Auditor — all filling casual vacancies caused by the resignation of the previous auditors (JVS & Associates and Rajeev Shagun Gupta & Co.).
This is a transformational event — a new promoter group has taken 74.27% control of the company, which usually means major strategic changes ahead for minority shareholders. Combined with weak revenues, a going-concern flag, and the fact that a new business venture is still being explored, the stock could see heightened volatility and re-rating as the new management's plans unfold.