Comrade Appliances Ltd (543921)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Comrade Appliances' revenue was ₹15.3 Cr (-62.3% year on year, +2.8% on the previous half-year), and net profit ₹-2.5 Cr (against a profit a year earlier); the operating margin was 0.1%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹15.3 | -62.3% | +2.8% |
| Operating profit | ₹0.0 | -99.8% | from loss |
| Net profit | ₹-2.5 | to loss | loss narrowed |
| EPS (₹) | -3.20 | to loss | loss narrowed |
| Operating margin | 0.1% | — | — |
📢 Recent Corporate Announcements
Promoter Mr. Mehboob Alam has executed a Share Purchase Agreement dated October 13, 2026, to sell 18,90,000 equity shares (24.30% of paid-up capital) for Rs 6,42,60,000 (Rs 34 per share). The buyers—Omnia Appliances, Graphic Promoters, Amaira Estate Advisors, and MLJ Aeternum—are acquiring substantial shares and control. Following an open offer, Omnia Appliances along with other acquirers will be classified as the new promoters of the company. Comrade Appliances, which holds a market cap of Rs 27 Cr and reported a FY26 net loss of Rs 9.46 Cr, faces an impending change in control.
- Promoter Mehboob Alam selling 18,90,000 shares (24.30% of paid-up capital)
- Total transaction consideration is Rs 6,42,60,000 (implying Rs 34 per share)
- Seller's stake decreases from 22,83,705 shares (29.36%) to 3,93,705 shares (5.06%)
- Acquirers to trigger mandatory open offer and take management control
Promoter Mr. Mehboob Alam has executed a Share Purchase Agreement dated October 13, 2026, to sell 18,90,000 equity shares (24.30% of paid-up capital) for Rs 6,42,60,000 (Rs 34 per share). The buyers—Omnia Appliances, Graphic Promoters, Amaira Estate Advisors, and MLJ Aeternum—are acquiring substantial shares and control. Following an open offer, Omnia Appliances along with other acquirers will be classified as the new promoters of the company. Comrade Appliances, which holds a market cap of Rs 27 Cr and reported a FY26 net loss of Rs 9.46 Cr, faces an impending change in control.
- Promoter Mehboob Alam selling 18,90,000 shares (24.30% of paid-up capital)
- Total transaction consideration is Rs 6,42,60,000 (implying Rs 34 per share)
- Seller's stake decreases from 22,83,705 shares (29.36%) to 3,93,705 shares (5.06%)
- Acquirers to trigger mandatory open offer and take management control
Omnia Appliances and affiliated entities have triggered a mandatory Open Offer to acquire up to 26,46,487 shares (26.00% of expanded share capital) of Comrade Appliances at ₹35 per share, totaling up to ₹9.26 crore in cash. The offer was triggered by a Share Purchase Agreement to acquire 18,90,000 shares (24.30% pre-issue) for ₹6.43 crore alongside a preferential issue of 20,00,000 shares to Omnia Appliances at ₹34 per share. Post-transaction, the acquirers will hold 38.22% of the expanded share capital and exercise joint control as promoters. Comrade Appliances reported FY26 net losses of ₹9.46 crore on revenue of ₹30.11 crore.
- Open offer price set at ₹35.00 per share, with total consideration of up to ₹9,26,27,045 for a 26.00% stake.
- Triggered by SPA for 18,90,000 equity shares (24.30% pre-issue) at ₹34.00 per share (₹6.43 crore) from promoter Mehboob Alam.
- Board approved a preferential issue of 24,00,000 shares at ₹34.00 per share, including 20,00,000 shares to Acquirer 1.
- Acquirers will hold 38,90,000 shares (38.22% of expanded capital) prior to open offer tendering and gain joint control.
Comrade Appliances announced a preferential issue of 24,00,000 equity shares at Rs 34 per share to raise Rs 8.16 crore, alongside a secondary share purchase agreement (SPA). Under the SPA, promoter Mehboob Alam will sell 18,90,000 shares (24.30% of paid-up capital) at Rs 34 per share for Rs 6.43 crore to Omnia Appliances and associates. Omnia Appliances will acquire joint control and management, triggering a mandatory open offer under SEBI SAST Regulations, 2011. The fresh capital infusion of Rs 8.16 crore is material, representing approximately 30% of the company's current market cap of Rs 27 crore.
- Preferential issue of up to 24,00,000 equity shares at Rs 34 per share to raise Rs 8.16 crore
- Promoter Mehboob Alam to sell 18,90,000 equity shares (24.30% stake) at Rs 34 per share for Rs 6.43 crore
- Omnia Appliances to acquire joint management control and make an open offer under SEBI (SAST) Regulations
- Total fresh equity dilution via preferential issue of 24,00,000 shares against existing capital base
Comrade Appliances announced a preferential issue of 24,00,000 equity shares at Rs 34 per share to raise Rs 8.16 crore, alongside a secondary share purchase agreement (SPA). Under the SPA, promoter Mehboob Alam will sell 18,90,000 shares (24.30% of paid-up capital) at Rs 34 per share for Rs 6.43 crore to Omnia Appliances and associates. Omnia Appliances will acquire joint control and management, triggering a mandatory open offer under SEBI SAST Regulations, 2011. The fresh capital infusion of Rs 8.16 crore is material, representing approximately 30% of the company's current market cap of Rs 27 crore.
- Preferential issue of up to 24,00,000 equity shares at Rs 34 per share to raise Rs 8.16 crore
- Promoter Mehboob Alam to sell 18,90,000 equity shares (24.30% stake) at Rs 34 per share for Rs 6.43 crore
- Omnia Appliances to acquire joint management control and make an open offer under SEBI (SAST) Regulations
- Total fresh equity dilution via preferential issue of 24,00,000 shares against existing capital base
Comrade Appliances' Committee of Independent Directors has approved the recommendation for a preferential issue of up to 24,00,000 equity shares at an issue price of ₹34 each, aggregating to ₹8.16 crore. The proposed allottees include Omnia Appliances Private Limited (20,00,000 shares) and Anadi Investments Private Limited (4,00,000 shares). The fundraise represents approximately 30% of the company's current market capitalization of ₹27 crore. This capital infusion arrives following an annual net loss of ₹9.46 crore in FY26 against a net worth of ₹13 crore.
- Proposed preferential issue of up to 24,00,000 equity shares of face value ₹10 each
- Issue price set at ₹34 per share, aggregating to ₹8.16 crore
- Omnia Appliances Private Limited to receive up to 20,00,000 shares and Anadi Investments Private Limited up to 4,00,000 shares
- Committee of Independent Directors unanimously voted in favor confirming pricing adheres to SEBI ICDR regulations
Comrade Appliances' board approved a preferential allotment of up to 24,00,000 equity shares at Rs 34 per share to raise Rs 8.16 crore, representing roughly 30% of its Rs 27 crore market cap. Concurrently, promoter Mehboob Alam entered into a Share Purchase Agreement to sell 18,90,000 shares (24.30% of existing equity) at Rs 34 per share for Rs 6.43 crore to Omnia Appliances and other acquirers. Following these transactions, Omnia Appliances and co-acquirers will trigger an Open Offer under SEBI SAST Regulations and assume joint control as part of the promoter group.
- Preferential issue of 24,00,000 equity shares at Rs 34 per share to raise Rs 8.16 crore (~30% of market cap)
- Promoter Mehboob Alam selling 18,90,000 shares (24.30% stake) at Rs 34 per share for Rs 6.43 crore
- Omnia Appliances Private Limited to acquire joint control and management, triggering a mandatory open offer
- Omnia Appliances alone being allotted 20,00,000 preferential shares for Rs 6.80 crore
Comrade Appliances' board approved a preferential allotment of up to 24,00,000 equity shares at Rs 34 per share to raise Rs 8.16 crore, representing roughly 30% of its Rs 27 crore market cap. Concurrently, promoter Mehboob Alam entered into a Share Purchase Agreement to sell 18,90,000 shares (24.30% of existing equity) at Rs 34 per share for Rs 6.43 crore to Omnia Appliances and other acquirers. Following these transactions, Omnia Appliances and co-acquirers will trigger an Open Offer under SEBI SAST Regulations and assume joint control as part of the promoter group.
- Preferential issue of 24,00,000 equity shares at Rs 34 per share to raise Rs 8.16 crore (~30% of market cap)
- Promoter Mehboob Alam selling 18,90,000 shares (24.30% stake) at Rs 34 per share for Rs 6.43 crore
- Omnia Appliances Private Limited to acquire joint control and management, triggering a mandatory open offer
- Omnia Appliances alone being allotted 20,00,000 preferential shares for Rs 6.80 crore
Comrade Appliances Limited has scheduled a Board of Directors meeting on October 13, 2026, to consider raising funds via equity shares or convertible securities through preferential issue, rights issue, or other modes. The micro-cap consumer electronics maker currently holds a market cap of ₹27 Cr against total debt of ₹16 Cr and incurred a net loss of ₹9.46 Cr in FY26. Specific fundraise quantum and issue pricing have not been disclosed and will be evaluated at the meeting. Trading window restrictions remain in place following an earlier intimation on September 25, 2026.
- Board meeting scheduled on Tuesday, October 13, 2026, to evaluate fundraising proposals
- Fundraise to be considered via Preferential Issue, Rights Issue, or other convertible instruments
- Company market capitalization stands at approximately ₹27 Cr against FY26 revenue of ₹30.11 Cr
- Trading window remains closed per the prior intimation dated September 25, 2026
Comrade Appliances Limited has deferred its Board Meeting originally scheduled to be held on October 01, 2026, citing reasons beyond control. The meeting was previously intimated on September 28, 2026. A rescheduled date and time will be announced once finalized. This procedural delay occurs against a backdrop of financial stress, with FY26 revenue dropping to ₹30.11 crore and net loss widening to ₹9.46 crore.
- Board meeting scheduled for October 01, 2026, has been deferred
- Prior intimation was issued on September 28, 2026
- Postponement attributed to reasons beyond control
- Rescheduled meeting date and time will be communicated once finalized
Comrade Appliances has scheduled a Board meeting on October 01, 2026, to consider and approve a fundraise via equity shares or convertible securities through Preferential Issue, Rights Issue, or other modes. The total quantum and issue price are not yet disclosed and will be decided at the meeting. This comes amid stretched financials, with the company reporting a net loss of Rs 9.46 Cr in FY26 and holding debt of Rs 16 Cr against a net worth of Rs 13 Cr (D/E of 1.23).
- Board meeting scheduled on Thursday, October 01, 2026
- Proposal to evaluate issuance of equity shares or convertible securities
- Modes under consideration include Preferential Issue, Rights Issue, or other mechanisms
- Trading window closed from September 28, 2026, until 48 hours post board meeting outcome
Comrade Appliances Limited has submitted the scrutinizer's report and voting results for its 10th Annual General Meeting held on September 23, 2026. Shareholders approved all agenda items (Item Nos. 1 and 2) with the requisite majority via remote e-voting and VC/OAVM. The filing is a standard post-AGM regulatory requirement under Regulation 44(3) of SEBI LODR. The micro-cap company (market cap Rs 27 Cr) posted FY26 net losses of Rs 9.46 Cr on revenue of Rs 30.11 Cr.
- 10th Annual General Meeting concluded successfully on September 23, 2026
- All agenda resolutions (Item Nos. 1 and 2) passed with requisite majority
- Scrutinizer's report dated September 24, 2026 submitted under Regulation 44(3) of SEBI LODR
- Meeting conducted virtually via Video Conferencing / Other Audio Visual Means
Comrade Appliances Limited has issued its Annual Report for FY25-26 along with the notice for its 10th Annual General Meeting scheduled for September 23, 2026. The full-year audited numbers detail a sharp drop in net sales to Rs 30.11 Cr in FY26 compared to Rs 57.31 Cr in FY25. Net loss stood at Rs 9.46 Cr versus a net profit of Rs 0.53 Cr in the preceding year. Total debt climbed to Rs 38.13 Cr, elevating the debt-to-equity ratio to 2.89x against 1.19x in FY25.
- 10th Annual General Meeting scheduled for September 23, 2026 via Video Conferencing
- Net sales decreased to Rs 3,010.80 Lakhs (Rs 30.11 Cr) in FY26 from Rs 5,731.42 Lakhs in FY25
- FY26 Net Loss widened to Rs 945.79 Lakhs (Rs 9.46 Cr) compared to PAT of Rs 53.06 Lakhs in FY25
- Total debt expanded to Rs 3,813.14 Lakhs, worsening the Debt/Equity ratio to 2.89x from 1.19x
Comrade Appliances Limited has issued the notice for its 10th Annual General Meeting (AGM), scheduled for September 23, 2026, alongside the release of its FY2025-26 Annual Report. The disclosed financial disclosures highlight a difficult FY26, with net sales dropping to ₹3,010.80 Lakhs (₹30.11 Cr) compared to ₹5,731.42 Lakhs in FY25. The company posted a net loss of ₹945.79 Lakhs for FY26 against a net profit of ₹53.06 Lakhs in the previous year, while total debt expanded to ₹3,813.14 Lakhs.
- 10th Annual General Meeting convened for Wednesday, September 23, 2026, at 03:00 PM via video conferencing.
- FY26 Net Sales dropped 47.5% YoY to ₹3,010.80 Lakhs from ₹5,731.42 Lakhs in FY25.
- Net Loss after tax stood at ₹945.79 Lakhs for FY26 versus a PAT of ₹53.06 Lakhs in FY25.
- Total Debt increased to ₹3,813.14 Lakhs as of March 31, 2026, up from ₹2,684.28 Lakhs a year earlier.
- Shareholders' Funds contracted to ₹1,318.07 Lakhs as of March 31, 2026, compared to ₹2,263.86 Lakhs in FY25.
Comrade Appliances Ltd has announced the book closure dates and cut-off schedule for its 10th Annual General Meeting (AGM). The share transfer books and register of members will remain closed from September 17, 2026, to September 23, 2026 (both days inclusive). The company stated a cut-off date of September 16, 2025 for determining shareholder voting eligibility.
- 10th Annual General Meeting to be conducted via Video Conferencing / OAVM
- Register of members and share transfer book closure fixed from September 17, 2026 to September 23, 2026
- Cut-off date for AGM eligibility stated as September 16, 2025
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