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Addi Industries Ltd (507852)

📊 BSE: 507852 🏢 Garments & Apparels 📢 Latest filing: 21 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Addi Industries' revenue was ₹2.1 Cr, and net profit ₹0.9 Cr (+6.1% year on year); the operating margin was -5.8%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹2.1	—	-59.2%
Operating profit	₹-0.1	loss narrowed	loss narrowed
Net profit	₹0.9	+6.1%	+154.6%
EPS (₹)	0.83	+6.4%	+159.4%
Operating margin	-5.8%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Addi Industries Admitted for Trading on NSE Under Permitted Category

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Aug 2026, 05:29 PM

Addi Industries Limited informed that the National Stock Exchange of India (NSE) has permitted trading of its equity shares under the 'Permitted to Trade' (PTT) category effective August 17, 2026. A total of 1,07,96,574 equity shares of face value ₹5 each (ISIN: INE757C01021, Symbol: ADDIND) are now admitted to dealings in the Capital Market segment with a market lot of 1. The company's shares continue to remain primary listed on BSE Limited.

NSE circular No. 1355/2026 dated August 14, 2026 permitted trading effective August 17, 2026
Admitted 1,07,96,574 equity shares with face value of ₹5 each under symbol ADDIND
Trading admitted on NSE Capital Market segment with market lot size of 1
Shares remain listed primarily on BSE Limited

💡 Watch for potential improvements in trading liquidity and volumes across exchanges. This is a procedural trading facility and does not impact underlying business operations.

Addi Industries Appoints New Auditor; Outgoing Auditor Flags 'Going Concern' Uncertainty

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 01 Aug 2026, 06:12 PM

Addi Industries has appointed M/s Shilpi Sharma and Co. as statutory auditors effective August 1, 2026, following the resignation of M/s B R Gupta & Co. The outgoing auditor resigned due to a disagreement over increasing audit fees for FY 2026-27. Critically, the auditor's review report for the quarter ended June 30, 2026, includes a 'going concern' qualification, noting material uncertainty as the company has yet to implement its new business venture. Despite this, management maintains a going concern basis citing a positive net worth of Rs 82 Cr and significant cash balances.

Resignation of M/s B R Gupta & Co. as statutory auditors effective August 01, 2026, due to fee-related disagreements.
Appointment of M/s Shilpi Sharma and Co. to fill the casual vacancy and for a subsequent 5-year term.
Auditor flagged 'material uncertainty' regarding the company's ability to continue as a going concern due to lack of active business operations.
Company reported a net worth of Rs 82 Cr and zero debt, which management uses to justify continued operations.
Revenue for the most recent reported quarter (Mar 2026) was Rs 5.12 Cr, following three quarters of zero revenue.

💡 Investors should closely monitor the 'new business venture' modalities mentioned in the filing; the company's survival as a listed entity depends on generating sustainable operational revenue beyond its current cash reserves.

Addi Industries: Auditor Resigns Over Fee Dispute; Rs 82 Cr Net Worth vs Going Concern Warning

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 01 Aug 2026, 06:08 PM

Addi Industries' statutory auditor, M/s. B.R. Gupta & Co., resigned on August 01, 2026, citing the company's refusal to increase audit fees for FY 2026-27. The board has appointed M/s. Shilpi Sharma and Co LLP to fill the vacancy for a five-year term. Crucially, the outgoing auditor's review report for the June 2026 quarter flags a 'material uncertainty' regarding the company's ability to continue as a going concern, as new business ventures have not yet been implemented. While the company has a strong net worth of Rs 82 Cr and zero debt, it recorded zero revenue in three of the last four quarters.

Statutory auditor B.R. Gupta & Co. resigned effective August 01, 2026, due to fee disagreements for the 2026-27 financial year.
Auditor's report highlights material uncertainty regarding 'going concern' status as the company is still exploring new business modalities.
Company maintains a net worth of Rs 82 Cr with zero debt, providing a financial buffer despite operational stagnation.
Revenue was Rs 0.00 Cr for the quarters ended June, September, and December 2025, with a sudden spike to Rs 5.12 Cr in March 2026.
New auditor M/s. Shilpi Sharma and Co LLP appointed for a 5-year term subject to shareholder approval.

💡 Investors should closely monitor the 'Notes to Accounts' in upcoming quarterly filings for updates on the commencement of new business ventures and the removal of the 'going concern' uncertainty flag.

Addi Industries Auditor Resigns Over Fee Dispute; Report Flags 'Going Concern' Uncertainty

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 01 Aug 2026, 06:04 PM

Addi Industries announced the resignation of its statutory auditor, B R Gupta & Co., effective August 1, 2026, due to a disagreement over audit fees. The outgoing auditor's review report for the June 2026 quarter includes a 'Going Concern' qualification, noting material uncertainty as the company has yet to implement a new business venture. Despite this, management maintains the going concern basis is appropriate given a positive net worth of ₹82 Cr and significant cash balances. M/s. Shilpi Sharma and Co has been appointed as the new auditor for a five-year term.

Statutory Auditor B R Gupta & Co. resigned effective August 1, 2026, citing audit fees not commensurate with time costs.
Auditor's report flags 'material uncertainty' regarding the company's ability to continue as a going concern.
Company reports a positive net worth of ₹82 Cr, which is approximately 92% of its current market capitalization of ₹89 Cr.
M/s. Shilpi Sharma and Co appointed to fill the casual vacancy and for a subsequent 5-year term.
Management is currently exploring modalities to start a new business venture but has not yet implemented it.

💡 Investors should closely monitor the 'Going Concern' status in future filings and watch for concrete announcements regarding the commencement of the 'new business venture' to justify the current valuation.

Addi Industries: Auditor Resigns Over Fees; Going Concern Uncertainty Flagged in Q1 Results

🔵 WATCH ⭐ 7/10

BOARD_MEETING 📅 01 Aug 2026, 05:49 PM

Addi Industries reported its Q1 FY27 results alongside the immediate resignation of its statutory auditor, B.R. Gupta & Co., effective August 1, 2026. The auditor resigned due to the company's unwillingness to increase fees to meet ICAI-recommended time-cost requirements. Crucially, the auditor's report highlights a 'material uncertainty' regarding the company's ability to continue as a going concern, as it has yet to implement new business ventures. Despite this, management maintains the going concern basis is appropriate given a positive net worth of Rs 82 Cr and significant cash balances.

Statutory Auditor B.R. Gupta & Co. resigned on August 1, 2026, citing a disagreement over audit fee increases.
Auditor's report flags material uncertainty as the company is still exploring modalities to start new business ventures without implementation yet.
Company maintains a net worth of Rs 82 Cr and significant cash/bank balances to support operations.
M/s Shilpi Sharma and Co appointed as new Statutory Auditors for a 5-year term starting from the ensuing AGM.
TTM revenue remains low at Rs 5 Cr with a negative operating margin of -35.9%.

💡 Investors should closely monitor the 'new business venture' implementation timeline, as the current garment business generates minimal revenue (Rs 5 Cr TTM) relative to the Rs 89 Cr market cap.

Board Meeting Scheduled for August 01, 2026, to Approve Q1 FY27 Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 29 Jul 2026, 03:28 PM

Addi Industries has scheduled a board meeting on August 01, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company, a micro-cap with a market capitalization of ₹91 Cr, reported a TTM revenue of ₹5 Cr, with the entire amount generated in the March 2026 quarter. Investors will be watching to see if the company can maintain this revenue momentum, as the three preceding quarters (Jun, Sep, Dec 2025) reported zero revenue. The company remains debt-free with a high promoter holding of 74.3%.

Board meeting date set for August 01, 2026, to consider Q1 FY27 results.
Trading window closed for designated persons until 48 hours post-announcement.
Company reported ₹5.12 Cr revenue in the preceding quarter (Mar 2026) after three quarters of zero revenue.
TTM PAT stands at ₹2 Cr against a market cap of ₹91 Cr.
Promoter holding remains stable at 74.27% as of June 2026.

💡 Monitor the results on August 01 to verify if the revenue generation seen in Q4 FY26 (₹5.12 Cr) is sustainable or if the company returns to a zero-revenue state.

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