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Aryavan Enterprise Ltd (539455)

📊 BSE: 539455 🏢 Iron & Steel Products 📢 Latest filing: 13 Oct 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Aryavan Enterprise's revenue was ₹16.1 Cr (+10.5% year on year, -36.6% on the previous quarter), and net profit ₹0.6 Cr (-2.4% year on year); the operating margin was 4.4%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹16.1	+10.5%	-36.6%
Operating profit	₹0.7	-17.3%	-45.9%
Net profit	₹0.6	-2.4%	-50.4%
Operating margin	4.4%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Ecofinity Atomix Calls EGM on Nov 4 to Cancel Prior Issue and Approve 15.87L Warrants

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 13 Oct 2026, 07:17 PM

Ecofinity Atomix has issued a notice for an Extraordinary General Meeting (EGM) scheduled for November 4, 2026. The company is proposing to cancel a previously approved special resolution from September 16, 2026, which involved 23,90,000 warrants aggregating Rs 16.61 Cr. In its place, the board seeks shareholder approval to issue 15,87,100 convertible equity warrants on a preferential basis to promoters and non-promoters. Full conversion of these new warrants will expand total equity shares from 69,62,900 to 85,50,000, bringing promoter holding from 37.83% down to 35.75%.

EGM scheduled on November 4, 2026 via Video Conferencing with e-voting cut-off on October 28, 2026.
Proposes cancelling prior resolution dated September 16, 2026, which approved 23,90,000 warrants at Rs 69.50 each (aggregating Rs 16.61 Cr).
Proposes a fresh preferential issue of 15,87,100 convertible equity warrants to promoters and public category.
Post full warrant conversion, the company's total equity share count increases from 69,62,900 to 85,50,000 shares.
Promoter holding will decrease from 37.83% (26,33,960 shares) to 35.75% (30,56,960 shares) post conversion.

💡 Track the voting outcome of the EGM on November 4, 2026, and monitor subsequent disclosures regarding the pricing, warrant subscription proceeds, and final allotment dates.

Ecofinity Atomix Cancels ₹16.61 Cr Warrant Issue; Proposes Smaller ₹1.59 Cr Issue

🔴 NEGATIVE ⭐ 6/10

FUNDRAISE 📅 13 Oct 2026, 07:12 PM

Ecofinity Atomix Limited has cancelled its previously approved preferential issue of 23,90,000 convertible warrants worth ₹16.61 crore (at ₹69.50 per warrant) approved on September 16, 2026. The board has instead proposed a downsized preferential issue of 15,87,100 equity warrants of face value ₹10 each, aggregating to ₹1.59 crore at face value. The issue will be made to 18 investors across promoter and non-promoter categories, subject to shareholder and regulatory approvals, with pricing to be determined per SEBI ICDR regulations.

Cancelled previous resolution to issue 23,90,000 warrants at ₹69.50 each aggregating to ₹16,61,05,000
Proposed fresh issue of 15,87,100 equity warrants with face value ₹10 aggregating up to ₹1,58,71,000 (at face value)
Issue allocated to 18 proposed allottees (3 promoter category, 15 non-promoter category)
Each warrant convertible into 1 equity share within an 18-month period from allotment

💡 Watch for the upcoming Extra-Ordinary General Meeting notice and the final SEBI ICDR-determined pricing for the revised warrant issue.

Ecofinity Atomix Cancels ₹16.61 Cr Warrant Plan, Approves Scaled-Down 15.87 Lakh Warrant Issue

🔴 NEGATIVE ⭐ 6/10

FUNDRAISE 📅 10 Oct 2026, 07:30 PM

Ecofinity Atomix has cancelled its earlier special resolution from 16 September 2026 for issuing 23,90,000 convertible equity warrants at ₹69.50 aggregating ₹16.61 crore due to a revision in issue size and allottees. In its place, the Board approved a revised preferential issue of 15,87,100 equity warrants to 17 investors across promoter and non-promoter groups. The final issue price for the revised issue is to be determined per SEBI ICDR regulations. The cancelled ₹16.61 crore plan represented ~27% of its current market cap of ₹61 crore, while the revised issue significantly curtails the immediate planned warrant count.

Rescinded special resolution for 23,90,000 warrants at ₹69.50 each aggregating ₹16,61,05,000.
Approved new preferential issue of 15,87,100 equity warrants of face value ₹10 each.
Promoter group allottees will receive 4,23,000 warrants across 3 individuals.
Non-promoter category covers 14 allottees receiving 11,64,100 warrants.
Warrants carry an 18-month conversion window into one equity share each.

💡 Track the upcoming EGM notice for shareholder approval and the final issue pricing determined under SEBI ICDR guidelines.

Ecofinity Atomix Board to Meet on October 10, 2026 for Preferential Issue of Shares and Warrants

🔵 WATCH ⭐ 4/10

BOARD_MEETING 📅 07 Oct 2026, 11:14 PM

Ecofinity Atomix Ltd (market cap Rs 61 Cr) has scheduled a Board of Directors meeting on October 10, 2026. The board will evaluate and consider the issuance of equity shares and/or convertible equity warrants via preferential allotment. Key details such as issue size, issue price, and allottees are currently not disclosed. The outcome will clarify dilution levels relative to the company's current Rs 21 Cr net worth.

Board meeting scheduled for Saturday, October 10, 2026
Proposal involves issuance of Equity Shares including Equity Warrants
Fundraise proposed via preferential allotment route under SEBI ICDR Regulations
Issue quantum, pricing, and allottee details are not disclosed

💡 Track the outcome of the October 10, 2026 board meeting for details on the issue price, total dilution, and identities of prospective warrant/share allottees.

Ecofinity Atomix Proposes Rs 16.61 Cr Preferential Warrant Issue & Entry into Solar Business

🟢 POSITIVE ⭐ 9/10

FUNDRAISE 📅 25 Aug 2026, 10:36 PM

Ecofinity Atomix has issued an EGM notice to approve a preferential issue of 23,90,000 convertible equity warrants at Rs 69.50 each, raising up to Rs 16.61 Cr (~27% of its Rs 62 Cr market cap). The warrants are being allocated to promoter (4.59 lakh warrants) and non-promoter (19.31 lakh warrants) allottees, convertible within 18 months. Additionally, the company seeks shareholder approval to alter its object clause to enter the solar plant and solar equipment trading business, alongside expanding its borrowing limits up to Rs 100 Cr.

Preferential issuance of 23,90,000 convertible warrants at Rs 69.50 per warrant to raise Rs 16,61,05,000
25% payable upfront upon subscription, with the remaining 75% payable upon exercise within 18 months
Share base expands from 69,62,900 to 93,52,900 equity shares upon full conversion (a 34.3% increase)
Proposed amendment to Memorandum of Association to enter solar power and equipment trading businesses
Proposal to increase borrowing limits under Section 180(1)(c) up to Rs 100 Cr

💡 Track shareholder voting results at the EGM scheduled for September 16, 2026, and monitor subsequent warrant allotment, conversion timelines, and deployment into the new solar vertical.

Ecofinity Atomix Proposes Preferential Issue of 23.9 Lakh Warrants to Promoters & Public

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 24 Aug 2026, 10:20 PM

Ecofinity Atomix Ltd's board has approved a proposal to raise funds via a preferential issue of 23,90,000 equity warrants of face value ₹10 each. The issue will be made to 18 investors across promoter and non-promoter categories. The warrants are convertible into equity shares on a 1:1 basis within 18 months of allotment, with the final issue price to be determined under SEBI ICDR Regulations. The proposal is subject to shareholder approval at an upcoming general meeting.

Board approved issuance of 23,90,000 equity warrants of face value ₹10 each on a preferential basis.
Promoter group will be allotted 4,59,000 warrants (Prafullchandra Patel: 2,76,000; Jashvantbhai Patel: 1,83,000).
Non-promoter/public investors to be allotted remaining 19,31,000 warrants across 15+ allottees.
Warrants carry conversion rights into 1 equity share each within a maximum tenure of 18 months.

💡 Track the upcoming EGM/AGM notice to check the final issue price per share under SEBI pricing formula, total capital to be raised, and exact dilution impact.

Q1 Net Profit at ₹0.59 Cr, Revenue up 10.5% YoY to ₹16.10 Cr

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 06:45 PM

Ecofinity Atomix reported a consolidated revenue of ₹16.10 Cr for Q1 FY27, representing a 10.5% increase from ₹14.57 Cr in the same quarter last year. However, Net Profit declined slightly to ₹0.59 Cr from ₹0.61 Cr YoY, impacted by a sharp rise in finance costs. Sequentially, the performance was weak, with revenue dropping 36.6% from ₹25.41 Cr in Q4 FY26. The company continues to operate as a single-segment entity in the iron and steel products industry.

Consolidated Revenue from operations grew 10.5% YoY to ₹16.10 Cr from ₹14.57 Cr.
Net Profit for the quarter stood at ₹0.59 Cr, a marginal decline from ₹0.61 Cr in Q1 FY26.
Finance costs surged significantly to ₹11.10 lakhs compared to just ₹1.06 lakhs in the year-ago period.
Earnings Per Share (EPS) decreased to ₹0.84 from ₹0.87 YoY.
Total expenses for the quarter were ₹15.56 Cr, with cost of materials consumed accounting for ₹11.31 Cr.

💡 Investors should monitor the rising finance costs and the sharp sequential decline in revenue to determine if the Q4 FY26 performance was an outlier or if the current quarter represents a slowdown.

Q1 Net Profit at ₹0.58 Cr; Revenue grows 10.5% YoY to ₹16.10 Cr

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 06:33 PM

Ecofinity Atomix reported consolidated revenue of ₹16.10 Cr for Q1 FY27, a 10.5% increase over the same quarter last year (₹14.57 Cr). However, the company saw a significant sequential decline, with revenue falling 36.6% from ₹25.41 Cr in Q4 FY26. Net profit remained nearly flat YoY at ₹0.585 Cr but dropped 50% from the previous quarter's ₹1.18 Cr. Finance costs spiked sharply to ₹11.10 Lakhs from ₹1.06 Lakhs in the year-ago period, impacting margins.

Consolidated Revenue from operations reached ₹16.10 Cr for the quarter ended June 30, 2026.
Net Profit for the period stood at ₹0.585 Cr, compared to ₹0.605 Cr in Q1 FY26.
Finance costs increased significantly to ₹11.10 Lakhs from ₹1.06 Lakhs on a YoY basis.
Total expenses for the quarter were ₹15.56 Cr, accounting for approximately 96% of total income.
Consolidated EPS for the quarter was reported at ₹0.84.

💡 Monitor if the sequential revenue drop is a seasonal trend or indicative of slowing demand in the iron and steel segment. Investors should also watch for the impact of rising finance costs on the company's thin net margins.

Aug 13 Board Meeting Scheduled to Approve Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 08 Aug 2026, 04:13 PM

Ecofinity Atomix Ltd has scheduled a board meeting for August 13, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company is coming off a strong FY26, where annual revenue grew approximately 53% to Rs 55.06 Cr from Rs 35.97 Cr in FY25. The most recent quarter (March 2026) saw a significant revenue peak of Rs 25.41 Cr, which is nearly double the Rs 14.57 Cr reported in the June 2025 quarter. Investors will be monitoring if this high-growth momentum and the 7.08% operating margin can be sustained into the new fiscal year.

Board meeting set for August 13, 2026, to approve Q1 FY27 results.
Company reported a TTM revenue of Rs 61 Cr against a small market cap of Rs 49 Cr.
Previous year's corresponding quarter (June 2025) revenue stood at Rs 14.57 Cr.
March 2026 quarter showed a sharp increase in revenue to Rs 25.41 Cr.
Promoter holding has remained stable at 37.83% as of March 2026.

💡 Monitor the results on August 13 to evaluate if the company can maintain the high revenue run-rate established in the March 2026 quarter and if margins remain stable above 7%.

Aryavan Enterprise Ltd to be Renamed Ecofinity Atomix Limited Effective August 05, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Aug 2026, 12:08 PM

Aryavan Enterprise Ltd has received final approval from BSE Limited to change its corporate name to Ecofinity Atomix Limited. The change will be reflected in the trading system with the new Scrip ID 'ECOFINITY' starting August 05, 2026. This administrative update follows a previous exchange notice and does not immediately impact the company's financials, which include a TTM revenue of ₹61 Cr and a market capitalization of ₹49 Cr. Investors should note the revised implementation date, which was moved from August 04 to August 05.

Name change to Ecofinity Atomix Limited effective from August 05, 2026
New Scrip ID for BOLT Plus system set as 'ECOFINITY'
BSE approval for the name change was granted on August 03, 2026
Company maintains a small-cap profile with a market cap of ₹49 Cr and TTM PAT of ₹3 Cr

💡 Investors should update their tracking systems with the new Scrip ID 'ECOFINITY' and watch for any future announcements regarding a potential shift in business focus that might accompany this rebranding.

BSE Issues Advisory for ~32-Month Delay in Name Change Filing

🔴 NEGATIVE ⭐ 3/10

REGULATORY 📅 24 Jul 2026, 03:47 PM

BSE has issued a formal advisory to Aryavan Enterprise Ltd (now Ecofinity Atomix Limited) regarding a substantial delay in filing its name change application. Although the Registrar of Companies (ROC) approved the name change on November 7, 2023, the company only approached the exchange on July 17, 2026. This constitutes a violation of SEBI (LODR) Regulations 45(1) and (3). The exchange has warned the company to be cautious and requires the advisory to be presented to the Board of Directors.