Ashnisha Industries Ltd (541702)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Ashnisha Industries' revenue was ₹1.3 Cr (+281.4% year on year, -75.8% on the previous quarter), and net profit ₹0.0 Cr (-66.2% year on year); the operating margin was -4.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1.3 | +281.4% | -75.8% |
| Operating profit | ₹-0.1 | loss narrowed | loss narrowed |
| Net profit | ₹0.0 | -66.2% | +305.0% |
| EPS (₹) | 0.00 | — | — |
| Operating margin | -4.3% | — | — |
📢 Recent Corporate Announcements
Ashnisha Industries Limited has informed the exchange regarding the dispatch of letters under Regulation 36(1)(b) of SEBI LODR to shareholders whose email addresses are not registered. The communication provides access links for the FY26 Annual Report and details for the 17th Annual General Meeting (AGM) scheduled for September 23, 2026. The cut-off date for remote e-voting eligibility has been fixed as September 16, 2026.
- 17th Annual General Meeting (AGM) scheduled for Wednesday, September 23, 2026, at 03:30 PM IST via VC/OAVM
- Cut-off date to determine entitlement for e-voting is Wednesday, September 16, 2026
- Remote e-voting window opens on Sunday, September 20, 2026 (09:00 AM) and ends on Tuesday, September 22, 2026 (05:00 PM)
- Dispatched letters to non-email shareholders with access links for the FY 2025-26 Annual Report
Ashnisha Industries has issued its 17th Annual Report for FY 2025-26 and scheduled its Annual General Meeting (AGM) for September 23, 2026, via video conferencing. The AGM agenda includes adopting audited standalone and consolidated financial statements, appointing M/s Keyur Bavishi & Co. as statutory auditors for a 5-year term, and approving material related-party transactions with Rhetan TMT Limited. Financial statement disclosures highlight that FY26 Net Profit Margin dropped to 1.91% (from 3.50% in FY25) and ROCE fell to 0.25% (from 1.55%), alongside auditor observations regarding interest-free loans and pending third-party balance confirmations.
- 17th Annual General Meeting convened for September 23, 2026, via Video Conferencing
- Proposal to appoint M/s Keyur Bavishi & Co. as statutory auditors for 5 years until 2031
- Net Profit ratio declined to 1.91% in FY26 compared to 3.50% in FY25
- Return on Capital Employed (ROCE) declined by 83.87% to 0.25 from 1.55 in FY25
- Auditor notes highlight interest-free loans in potential violation of Section 186(7) of the Companies Act, 2013
Ashnisha Industries has issued the notice for its 17th Annual General Meeting (AGM) scheduled for September 23, 2026. Key agenda items include the appointment of M/s Keyur Bavishi & Co. as statutory auditors for a 5-year term and the appointment of an independent director. Crucially, the company is seeking shareholder approval for material related-party transactions with Rhetan TMT Limited up to ₹150 crore for FY28—a massive figure compared to its TTM revenue of ₹14 crore.
- 17th AGM scheduled to be held on Wednesday, September 23, 2026 via video conferencing.
- Special resolution proposed for material related-party transactions with Rhetan TMT Ltd up to ₹150 Crore for FY 2027-28.
- Proposed appointment of M/s Keyur Bavishi & Co., Chartered Accountants, as Statutory Auditors for 5 consecutive years until the 2031 AGM.
- Approval sought for appointment of Mrs. Jhanvi Vikas Sethi as Non-Executive Independent Director for a 5-year term.
Ashnisha Industries has approved the appointment of Mrs. Jhanvi Vikas Sethi as an Additional Independent Director for a five-year term from August 14, 2026, to August 13, 2031. The appointment is subject to member approval at the upcoming Annual General Meeting. Mrs. Sethi (aged 49) brings over 20 years of experience in stock markets and finance, holding existing directorships in Rhetan TMT Limited and Ashoka Metcast Limited. This is a standard corporate governance addition with no immediate financial impact on the company's TTM revenue of ₹13 crore.
- Mrs. Jhanvi Vikas Sethi appointed as Additional Independent Director effective August 14, 2026
- Appointed for a 5-year tenure up to August 13, 2031, subject to shareholder approval at the ensuing AGM
- Appointee is 49 years old with over 20 years of experience in the stock market and finance domain
- Holds existing directorships in two other listed entities: Rhetan TMT Limited and Ashoka Metcast Limited
Ashnisha Industries Limited has approved the appointment of M/s. Keyur Bavishi & Co., Chartered Accountants (FRN: 131191W), as the Statutory Auditors of the company. The appointment is for a first term of 5 consecutive years, commencing from the conclusion of the 17th Annual General Meeting (AGM) up to the 22nd AGM in 2031. The appointment remains subject to shareholder approval at the upcoming AGM.
- Appointed M/s. Keyur Bavishi & Co., Chartered Accountants (FRN: 131191W) as Statutory Auditors.
- Tenure covers 5 consecutive years from the conclusion of the 17th AGM until the 22nd AGM in 2031.
- Appointment approved at the Board meeting held on August 14, 2026 (4:00 PM to 4:30 PM).
- Effective subject to shareholder approval at the ensuing Annual General Meeting.
Ashnisha Industries has scheduled its 17th Annual General Meeting (AGM) for Wednesday, September 23, 2026, via Video Conferencing. Share transfer books and the Register of Members will remain closed from September 17 to September 23, 2026. The cut-off date to establish voting eligibility is September 16, 2026, with remote e-voting available between September 20 and September 22, 2026. This is a standard corporate compliance filing with no impact on operations or financials.
- 17th AGM to be held on September 23, 2026, at 3:30 PM IST via VC/OAVM
- Book closure period fixed from September 17, 2026, to September 23, 2026
- Cut-off date for e-voting eligibility set as September 16, 2026
- Remote e-voting runs from September 20, 2026 (9:00 AM) to September 22, 2026 (5:00 PM)
Ashnisha Industries Limited announced a change in the location of its registered office within the local limits of Ahmedabad. The Board of Directors approved the move during its meeting on August 14, 2026. The office will shift from Mithakhali Six Road to Bopal, Ahmedabad. This is a standard administrative update with no material impact on operations or financials.
- Board of Directors approved the address change on August 14, 2026
- Office shifted from Mithakhali Six Road (PIN: 380006) to Bopal (PIN: 380058)
- Relocation is within the local limits of Ahmedabad
Ashnisha Industries reported consolidated revenue from operations of Rs 133.48 Lakhs (Rs 1.33 Cr) for Q1 ended June 30, 2026, falling 75.8% sequentially from Rs 550.62 Lakhs in Q4 FY26, but rising from Rs 34.50 Lakhs in Q1 FY26. Consolidated net profit stood at Rs 4.05 Lakhs, dropping 66.8% YoY compared to Rs 12.20 Lakhs in Q1 FY26. Steel trading was the sole operational revenue contributor during the quarter. The company has convened its 17th Annual General Meeting for September 23, 2026, and reconstituted its board committees.
- Consolidated revenue from operations contracted 75.8% QoQ to Rs 133.48 Lakhs from Rs 550.62 Lakhs in Q4 FY26
- Consolidated PAT fell 66.8% YoY to Rs 4.05 Lakhs compared to Rs 12.20 Lakhs in Q1 FY26
- Standalone net profit came in at Rs 2.06 Lakhs vs Rs 5.81 Lakhs in Q1 FY26
- Steel trading remained the sole operational driver generating segment revenue of Rs 133.48 Lakhs
- 17th Annual General Meeting fixed for September 23, 2026, with cut-off date on September 16, 2026
Ashnisha Industries reported consolidated revenue from operations of ₹133.48 Lakhs (₹1.33 Cr) for Q1 ended June 30, 2026, up 286.9% YoY compared to ₹34.50 Lakhs in Q1 FY26, but down 75.8% QoQ from ₹550.62 Lakhs in Q4 FY26. Consolidated net profit stood at ₹4.05 Lakhs, declining 66.8% YoY from ₹12.20 Lakhs, though up from ₹0.80 Lakhs in the preceding quarter. Standalone net profit was reported at ₹2.06 Lakhs. Additionally, the company scheduled its 17th AGM for September 23, 2026, and reconstituted its Audit, NRC, and Stakeholder Relationship committees.
- Consolidated revenue from operations was ₹133.48 Lakhs vs ₹34.50 Lakhs in Q1 FY26 and ₹550.62 Lakhs in Q4 FY26
- Consolidated net profit stood at ₹4.05 Lakhs vs ₹12.20 Lakhs in Q1 FY26
- Standalone profit after tax came in at ₹2.06 Lakhs vs a loss of ₹0.69 Lakhs in Q4 FY26
- 17th Annual General Meeting fixed for Wednesday, September 23, 2026, via VC/OAVM
- Board approved Related Party Transactions under Section 188 of Companies Act, subject to AGM approval
Ashnisha Industries has scheduled a board meeting for August 14, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The agenda includes significant governance items such as the appointment of new Statutory Auditors and an Independent Director. Additionally, the board will review related party transactions and prepare for the 17th Annual General Meeting (AGM). With a TTM revenue of just Rs 13 Cr and negative operating margins, the upcoming financial results are critical for assessing the company's recovery path.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results.
- Agenda includes the appointment of Statutory Auditors and an Independent Director.
- Trading window for designated persons remains closed until August 16, 2026.
- Board to consider related party transactions under Section 188 of the Companies Act.
- Re-constitution of Audit, Nomination Remuneration, and Stakeholder Relationship Committees planned.
Ashnisha Industries Ltd has informed the exchange that Mrs. Deepti Ghanshyam Gavali has resigned from her position as an Independent Director effective August 07, 2026. The resignation is attributed to personal reasons, with the director confirming there are no other material reasons for her departure. This change occurs in a company with a notably low promoter holding of 6.61% and a small scale of operations, with TTM revenue at Rs 13 Cr. The board will need to ensure continued compliance with SEBI composition requirements following this exit.
- Resignation of Independent Director Mrs. Deepti Ghanshyam Gavali effective August 07, 2026
- Director confirmed no other material reasons for resignation beyond personal grounds
- Company reported FY26 revenue of Rs 12.85 Cr and a marginal net profit of Rs 0.25 Cr
- Promoter holding remains low at 6.61% as of June 2026
- The company maintains a debt of Rs 5 Cr against a net worth of Rs 110 Cr
Ashnisha Industries has issued a formal clarification following a query from the BSE regarding unauthorized information and stock tips circulating on YouTube and SMS. The company has explicitly denied any involvement, stating that neither the company nor its promoters or directors are behind these messages. To protect investor interests, the management has filed an official complaint with the appropriate authorities regarding these misleading communications. Investors are advised to rely solely on official BSE disclosures and the company's website for material information.
- BSE sent an inquiry on August 03, 2026, regarding social media messages and SMS stock tips.
- Company confirms promoters (holding 6.61%) and directors have no involvement in the circulation of these tips.
- Official complaint filed with authorities to address the unauthorized and misleading information.
- Company reported a thin TTM PAT of approximately ₹0.25 Cr against TTM Revenue of ₹13 Cr.
- Promoter holding has significantly decreased from 17.35% in September 2025 to 6.61% as of June 2026.
Ashnisha Industries has issued a formal clarification following a BSE inquiry on July 20, 2026, regarding unauthorized stock tips and messages circulating on social media and via SMS. The company has denied any involvement by its promoters or directors and has filed an official complaint with the appropriate authorities. This comes at a time when the company reports a TTM revenue of Rs 13 Cr and a low promoter holding of 6.61%. Investors are advised to rely strictly on official exchange filings for information.
- BSE inquiry received on July 20, 2026, regarding circulation of unauthorized SMS/Texts.
- Company filed an official complaint with authorities regarding misleading information on July 21, 2026.
- Promoter holding remains low at 6.61% as of June 2026, significantly down from 17.35% in September 2025.
- Company reported negative operating profit margins (OPM) of -12.4% for the trailing twelve months.
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