Appointment of Secretarial Auditors
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Awaiting price reaction for this filing.
Archit Organosys reported strong Q1 FY26 results with revenue from operations rising to Rs. 3,319.56 lakhs from Rs. 2,700.44 lakhs in Q1 FY25, a growth of about 23%. Net profit nearly doubled to Rs. 203.59 lakhs from Rs. 100.54 lakhs, translating to EPS of Rs. 0.99 vs Rs. 0.49 earlier. Total income stood at Rs. 3,419.09 lakhs with profit before tax of Rs. 304.76 lakhs. The company operates in a single segment – Chemicals and Organics. Additionally, the Board appointed M/s Ankit Sethi & Associates as Secretarial Auditor for a 5-year term starting April 1, 2025, subject to shareholder approval. The statutory auditor (G K C & Co.) issued an unmodified limited review report on the quarterly numbers.
Sharp YoY growth in both revenue and profit reflects improving operating performance and could be viewed positively by investors. The clean auditor review and routine secretarial auditor appointment are procedural and unlikely to move the stock on their own.