Annual Report FY26 with lower revenue and net loss
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Awaiting price reaction for this filing.
Artemis ADR Marketplace (formerly Jetmall Spices and Masala) filed its FY25-26 annual report. Revenue from operations fell sharply to Rs. 37.75 lakh from Rs. 73.55 lakh. Net loss widened to Rs. 74.93 lakh versus Rs. 74.48 lakh in the prior year. No dividend recommended. The company changed its name to reflect a shift toward an ADR Marketplace business and accepted a Rs. 28.60 lakh deposit from promoter Raman Aggarwal. AGM is set for September 21, 2026 via video conferencing. K Singh and Associates is proposed as statutory auditor for four more years.
Continued losses and a steep revenue drop are negative signals for shareholders. Pivot to ADR Marketplace needs to show traction.