Approval of Audited Financial Results for the period ended March 31, 2026.
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Aviva Industries Ltd reported massive revenue growth for FY2026 ending March 31, 2026. Total income surged to Rs. 8,774.55 lakhs from just Rs. 177.51 lakhs in FY2025, representing approximately 4,845% growth. The company turned profitable with Net Profit After Tax of Rs. 187.55 lakhs compared to a loss of Rs. 8.65 lakhs in the previous year. The Board also approved issuing equity shares via share swap to acquire a 90% stake in Agribullion Ventures Private Limited at an indicative valuation of Rs. 3,350 crore. The auditors issued an unmodified opinion but highlighted several concerns: lack of internal auditor appointment, missing trade receivable/payable confirmations, unconfirmed inventory valuation, and MSME creditor bifurcation non-disclosure. The company raised Rs. 7,016.80 lakhs through multiple preferential issues in January-February 2026 for working capital.
The company shows exceptional revenue growth but faces significant auditor concerns about internal controls and documentation. The proposed Rs. 3,350 crore acquisition represents a major strategic move but will require shareholder approval and due diligence. Negative operating cash flow of Rs. 6,740.39 lakhs despite profitability warrants caution for investors.