Approval of Audited Financials for quarter and year ended 31st March 2026
ARCHIES · price
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Archies Ltd reported a net loss of Rs 429.70 lakhs for FY26, worsening from a loss of Rs 146.29 lakhs in FY25. Revenue from operations declined by 19.6% to Rs 5,523.87 lakhs from Rs 6,875.32 lakhs. The company saw losses across all major segments except Greeting Cards. Borrowings increased significantly, with non-current borrowings rising from Rs 2.62 lakhs to Rs 264.89 lakhs. The auditors issued an unmodified opinion but flagged two concerns: inability to verify inventory valuation at cost or net realisable value, and non-deposit of EPF and TDS for November 2025 to March 2026. Management changes include appointment of Mr. Varun Moolchandani (son of Chairman) as CFO and resignation of Independent Director Mr. Rijul Bansal.
The company is in financial distress with declining revenue, widening losses, and increased debt. Non-payment of statutory dues is a red flag for compliance. Shareholders should monitor liquidity and any going concern risks in future filings.