Revised FY26 audited results, net loss Rs 75.25 lakh, new auditor K Singh
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Artemis ADR (formerly Jetmall Spices) filed revised audited standalone results for year ended March 2026. Revenue was Rs 17.75 lakh versus Rs 20 lakh in FY25. Net loss stood at Rs 75.25 lakh versus Rs 78.20 lakh prior year. EPS was minus Rs 1.26. Auditor K Singh and Associates issued an unmodified opinion. The report mentions a predecessor auditor, suggesting an auditor change. Operating cash flow was negative at minus Rs 123.83 lakh. Company raised Rs 26.62 crore upfront via preferential warrants for ADR services and technology investment.
Company stays loss-making with negative operating cash flows. Unmodified auditor opinion is reassuring. Pending warrant conversion may bring balance 25 percent later.