Addi industries Limited has informed the appointment of Mr. Amandeep as a Company Secretary and Compliance Officer of the Company.
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Addi Industries reported unaudited Q3 FY26 results (quarter ended Dec 31, 2025) showing very weak standalone revenue of around ₹132.53 lakh, sharply down from ₹154.51 lakh in the year-ago quarter. The auditor flagged a material going concern uncertainty, noting the company is exploring a new business venture but has not implemented it yet. A major change of control occurred on December 17, 2025, when an acquirer purchased 80,18,175 equity shares representing 74.27% of the company under a Share Purchase Agreement. The board appointed Mr. Amandeep as the new Company Secretary and Compliance Officer, and brought in M/s Rawal & Co. as Secretarial Auditor and M/s Garg B. Mohan & Co. as Internal Auditor — both filling casual vacancies created by the resignations of JVS & Associates and Ms. Rajeev Shagun Gupta & Co., respectively. The consolidated results also include a newly added subsidiary, Aum Texfab Private Limited.
Existing shareholders have effectively lost control of the company after the 74.27% acquisition, and the auditor's going concern warning signals real financial stress. The new management now drives the company's direction, which could be either a turnaround story or further value erosion — investors should closely watch the acquirer's plans and the new business venture the company is exploring.