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Awaiting price reaction for this filing.
Arex Industries reported weaker Q1 FY26 results with revenue from operations falling to Rs. 1,126.73 lakhs from Rs. 1,296.93 lakhs in Q1 FY25, a decline of about 13%. Profit after tax dropped sharply to Rs. 24.69 lakhs from Rs. 82.97 lakhs, down roughly 70% year-on-year, pushing EPS down to Rs. 0.69 from Rs. 2.10. The statutory auditor (Sweta Patel & Associates) issued a clean limited review report with no qualifications. The board fixed the 36th AGM for September 29, 2025 via video conferencing, with book closure from September 23-29. The board also approved the re-appointment of all three Managing Directors, Mr. Dinesh Bilgi, Mr. Neel Bilgi, and Mr. Chirag Bilgi, for a fresh three-year term starting August 1, 2026, subject to shareholder approval. Additionally, the company proposes amending its MOA to expand into packaging materials including aluminium foils, plastics, and cardboards.
The sharp fall in both revenue and profit signals operational pressure, likely to weigh negatively on near-term sentiment; however, the proposed diversification into packaging and continuity of the promoter-led management may be viewed as long-term positives.