Pursuant to the provisions of Regulation 30 and 33 read with Schedule Il and other applicable provisions of the SEBI (LODR) Regulations, 2015, ("SEBI Listing Regulations, 2015") we hereby ....
AEPL · price
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Awaiting price reaction for this filing.
Artemis Electricals' board, meeting on August 14, 2025, approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations jumped about 59% year-on-year to Rs. 1,975.47 lakhs (from Rs. 1,238.39 lakhs), while profit after tax surged roughly 3.4x to Rs. 136.63 lakhs (from Rs. 40.33 lakhs). The board also appointed Ms. Sweta Ajit Pawar as Internal Auditor for FY 2025-26. The auditor's limited review flagged several concerns: manufacturing activity at the factory remains closed/negligible with focus shifted to project work, a related-party lithium-ion battery plant contract with Electroforce (India) Pvt Ltd is still pending commissioning (target March 2026), and segment disclosures under Ind AS 108 were not provided. The same person (Shivkumar C. Singh) serves as both Whole-Time Director and Chief Financial Officer.
Headline numbers look strong with sharp profit growth, but investors should note that the operating base is essentially non-existent on the manufacturing side and the business is leaning on project work and a related-party capital advance that hasn't yet delivered an asset. The combined WTD/CFO role and repeated related-party transactions with Electroforce are governance red flags worth monitoring, even though no director-level red flagging was made in this filing.