Revised outcome
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Artemis ADR Marketplace (formerly Jetmall Spices and Masala) filed a revised board outcome to correct a procedural error—the earlier financial results were not signed by an authorized director. The corrected results were signed by Shrey Aggarwal (Whole Time Director). The company reported FY2026 revenue of ₹36.03 lakh, down sharply from ₹73.55 lakh in FY2025, a ~51% decline. The loss narrowed to ₹2.27 lakh from ₹74.49 lakh the prior year, with cash balances boosted to ₹2,000 lakh following a ₹35.49 crore preferential warrant issue. The auditor (K. Singh & Associates) issued an unmodified opinion, noting this was a balancing figure between audited full-year and published unaudited half-year figures. The company has pivoted from spices trading to an ADR (alternative dispute resolution) marketplace business.
The revenue collapse and ongoing losses raise concerns about the viability of the new ADR marketplace model. However, the large cash position and clean audit provide some stability. The revised filing corrects a governance lapse but does not alter the underlying financial weakness.