Arcotech Limited (ARCOTECH)
Snapshot
Events
- Board meeting filing
- 29 Jul 2026
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📈 Share price & events
📢 Recent Corporate Announcements
Arcotech Limited announced the completion of the tenure of its existing statutory auditor, M/s. Amit Joshi & Associates, at the conclusion of its 45th AGM on September 29, 2026. Shareholders approved the appointment of M/s. Agarwal U R S & CO., Chartered Accountants, as the new statutory auditors for a 5-year term. The new auditors will hold office until the conclusion of the 50th AGM in 2031. The incoming firm was established in May 2007 and comprises 10 partners across over 50 professionals.
- Retirement of M/s. Amit Joshi & Associates upon completion of second 5-year term on September 29, 2026
- Appointment of M/s. Agarwal U R S & CO. for a 5-year term until the 50th AGM in 2031
- Approval granted via ordinary resolution at the 45th Annual General Meeting
- Incoming auditor firm established in May 2007 with 10 partners and 50+ professionals
Arcotech Limited has informed the exchanges that it has fixed Tuesday, September 22, 2026, as the cut-off date and record date for its 45th Annual General Meeting (AGM). The AGM is scheduled to take place on Tuesday, September 29, 2026, at 10:00 a.m. via video conference. This is a standard corporate compliance filing pursuant to Regulation 42 of SEBI LODR Regulations.
- Cut-off/Record Date fixed as Tuesday, 22nd September, 2026
- 45th Annual General Meeting scheduled for Tuesday, 29th September, 2026 at 10:00 a.m.
- AGM to be conducted via Video Conference / Other Audio Visual Means
- Applicable to equity shares listed under BSE Scrip Code 532914 and NSE Symbol ARCOTECH
Arcotech Limited has issued a notice for its 45th AGM scheduled for September 29, 2026, seeking shareholder approval for major capital and operational restructuring. The company proposes to expand its authorised equity share capital from ₹21 crore to ₹136 crore by creating 57.5 crore new shares of ₹2 each, taking total authorised capital to ₹171 crore. Additionally, the AGM agenda seeks approval for private placement of NCDs and material related-party transactions, including up to ₹500 crore in goods transactions and up to ₹75 crore in interest-free unsecured loans with Advanced Metrics Pvt Ltd to support revival plans.
- Authorised equity capital proposed to increase over 6x from ₹21 crore to ₹136 crore (total authorised capital ₹171 crore)
- Approval sought for material related-party transactions up to ₹500 crore for sale/purchase of goods with Advanced Metrics Pvt Ltd
- Approval sought to receive unsecured financial assistance of up to ₹75 crore from Advanced Metrics Pvt Ltd and ₹15 crore from Arvind Kumar Saraf at nil cost
- 45th AGM scheduled on September 29, 2026, with cut-off date fixed as September 22, 2026
- Statutory auditor M/s. Agarwal U R S & CO. proposed for appointment for a 5-year term until 2031
Arcotech Limited's Board has approved raising up to ₹115 crore via unrated, unlisted, senior, secured, redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The Board also approved expanding the company's authorised share capital from ₹56 crore to ₹171 crore, primarily increasing authorised equity capital from ₹21 crore to ₹136 crore. Additionally, M/s. Agarwal U R S & CO. was proposed as the new Statutory Auditor for a 5-year term. All proposed actions are subject to shareholder approval at the 45th AGM scheduled for September 29, 2026.
- Board approved private placement of up to 1,150 unrated, unlisted NCDs of face value ₹10 lakh each, totaling up to ₹115 crore
- Authorised equity share capital increased from ₹21 crore to ₹136 crore by creating 57.50 crore additional equity shares
- Total authorised share capital raised from ₹56 crore to ₹171 crore
- Proposed issuance tenure of 4 years with coupon terms to be finalized by the Board
- Shareholder approval scheduled for the 45th AGM on September 29, 2026
Arcotech Limited reported zero revenue from operations for the quarter ended June 30, 2026, indicating a continued halt in business activity. The company posted a net loss of Rs 815.56 Lakhs, largely driven by finance costs of Rs 559.90 Lakhs and depreciation of Rs 247.96 Lakhs. A critical development noted is a settlement reached with all secured lenders as of July 1, 2026, which may alter the company's debt profile. However, the balance sheet remains severely stressed with negative 'Other Equity' of Rs 40,313.23 Lakhs as of the previous year-end.
- Revenue from operations was Rs 0.00 for the quarter ended June 30, 2026
- Net loss for the period stood at Rs 815.56 Lakhs compared to a loss of Rs 823.93 Lakhs YoY
- Finance costs of Rs 559.90 Lakhs constituted 68.6% of total quarterly expenses
- Settlement reached with all secured lenders in the consortium/JLF as of July 1, 2026
- Negative Other Equity of Rs 40,313.23 Lakhs reported as of March 31, 2026
Arcotech Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The document, issued by Maheshwari Datamatics Private Limited (the RTA), confirms that share certificates received for dematerialization have been processed and the records updated with depositories. This is a standard procedural filing required for all listed entities to ensure the integrity of electronic shareholding records. There are no financial implications or operational changes associated with this announcement.
- Compliance certificate issued for the quarter ended June 30, 2026
- Confirmation received from Registrar and Transfer Agent, Maheshwari Datamatics Private Limited
- Filing submitted to exchanges on July 20, 2026
- Confirms substitution of depository names in the register of members for dematerialized shares
Arcotech Limited has secured approval for a One Time Settlement (OTS) from its consortium of secured lenders, addressing its long-standing financial stress and NPA status. While the specific settlement amount and total dues were not disclosed, the agreement represents a full and final settlement of all outstanding credit facilities. A key condition involves IFCI Ltd maintaining symbolic possession of the company's factory until the final payment is made. The company has expressed its intention to restart operations shortly after the settlement process.
- One Time Settlement (OTS) approved by all secured lenders within the Consortium/Joint Lenders Forum (JLF)
- Company accounts were previously classified as Non-Performing Assets (NPA) following defaults on payment obligations
- IFCI Ltd will retain symbolic possession of the factory premises until the full OTS amount is paid
- Management expects to restart business operations soon following the settlement
Arcotech Limited has informed the stock exchanges that its trading window for designated persons will be closed starting July 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015. The closure is in anticipation of the declaration of the un-audited financial results for the quarter ending June 30, 2026. The window will reopen 48 hours after the financial results are made public.
- Trading window closure begins on July 1, 2026
- Closure is for the quarter ending June 30, 2026
- Window to remain closed until 48 hours after the declaration of un-audited financial results
- Applies to all Designated Persons as per the Company's Code of Conduct
Arvind Kumar Saraf, a promoter of Arcotech Limited, has submitted a formal declaration under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the promoter, along with persons acting in concert, has not created any new direct or indirect encumbrances on their shareholding during the financial year ended March 31, 2025. This is a standard annual compliance disclosure intended to provide transparency regarding promoter share pledges.
- Promoter Arvind Kumar Saraf filed the annual disclosure under SEBI (SAST) Regulation 31(4).
- Confirms no new encumbrances or pledges were made on promoter shares during the 2024-25 financial year.
- The declaration covers the promoter group and all persons acting in concert (PAC).
- The disclosure was submitted to both the National Stock Exchange (NSE) and BSE Limited.
Arcotech Limited reported a massive net loss of ₹9,165.52 lacs for the financial year ended March 31, 2026, widening from a loss of ₹8,748.86 lacs in FY25. Revenue from operations has effectively collapsed, falling to just ₹0.39 lacs for the entire year compared to ₹95.46 lacs in the previous year. The auditors have issued a qualified opinion, highlighting that the company failed to provide for interest expenses of ₹3,053.44 lacs, which would have further increased the reported loss. Additionally, the company is facing legal proceedings from lenders in NCLT and DRT, raising significant doubts about its ability to continue as a going concern.
- Annual revenue crashed by over 99% to a negligible ₹0.39 lacs in FY26.
- Net loss widened to ₹9,165.52 lacs; auditors noted unprovided interest of ₹3,053.44 lacs (net of tax).
- Material uncertainty exists regarding 'Going Concern' status as current liabilities exceed current assets.
- Undisputed statutory dues, including Income Tax of ₹1,209.07 lacs, have been outstanding for over six months.
- Lenders have initiated legal actions under NCLT, DRT, and SARFAESI for debt recovery.
Arcotech Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Maheshwari Datamatics Private Limited, confirms that all dematerialization requests for the period January 1, 2026, to March 31, 2026, were processed correctly. It verifies that physical share certificates were mutilated or cancelled after verification and the names of the depositories were substituted in the company's records. This is a standard procedural filing to ensure the integrity of the electronic shareholding system.
- Compliance certificate submitted for the quarter ending March 31, 2026.
- Confirmation received from Registrar and Transfer Agent (RTA) Maheshwari Datamatics Private Limited.
- Verification of dematerialization requests processed between January 1, 2026, and March 31, 2026.
- Physical security certificates were destroyed or mutilated within the stipulated time after dematerialization.
Arcotech Limited has informed the stock exchanges that its trading window will be closed starting April 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is mandatory ahead of the declaration of the audited financial results for the quarter and year ending March 31, 2026. The window will remain closed for all designated persons and their relatives until 48 hours after the financial results are officially announced. This is a standard regulatory procedure and does not indicate any fundamental change in the company's operations.
- Trading window closure effective from April 1, 2026.
- Closure pertains to the audited financial results for the quarter and year ending March 31, 2026.
- Restriction applies to all Designated Persons and their relatives as per SEBI norms.
- Trading window to reopen 48 hours after the announcement of financial results.
SEBI has issued a final order against Arcotech Limited and its management for serious violations including fund diversion and financial misrepresentation between FY 2016-17 and 2020-21. The investigation found that ₹14.15 crores were diverted to benefit promoter entities through sham transactions to facilitate preferential share allotments. Furthermore, the company failed to disclose critical events such as the seizure of its registered office by IFCI Ltd and delayed reporting changes in promoter shareholding. Penalties have been imposed on the company, its directors, and several promoter group entities for violating PFUTP and LODR regulations.
- Diversion of ₹14.15 crores to promoter entity Sidhant Distributors for preferential share allotment purposes.
- Recording of fictitious and sham purchase/sale transactions from FY 2016-17 to 2019-20 to misrepresent financial health.
- Failure to disclose the seizure of the company's registered office and workplace by IFCI Ltd due to debt defaults.
- Non-disclosure of promoter shareholding reduction following the invocation of pledged shares by lender IFCI Ltd.
- SEBI Order identifies 14 noticees including Chairman Arvind Kumar Saraf and WTD Radhanath Pattanayak for various regulatory breaches.
Arcotech Limited continues to report zero operational revenue for the quarter ended December 31, 2025, reflecting a complete halt in business activities. The company reported a net loss of Rs 8.12 crore for the quarter, but auditors noted that interest expenses were under-provided by Rs 10.27 crore, suggesting the actual loss is much higher. Total expenses for the nine-month period reached Rs 24.49 crore, largely driven by finance costs and depreciation. With negative equity and a restructuring plan pending with lenders, the company's financial position remains extremely precarious.
- Revenue from operations was Nil for Q3 FY26 and the nine-month period ended December 31, 2025.
- Reported net loss for the quarter stood at Rs 811.91 lakhs compared to Rs 744.58 lakhs in the previous year's quarter.
- Auditors highlighted a significant short provision of interest expense of Rs 1,026.81 lakhs for the quarter.
- Finance costs for the nine-month period amounted to Rs 1,674.51 lakhs despite zero revenue.
- The company's business restructuring is currently under consideration by lenders.
Arcotech Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations for the period ending December 31, 2025. The certificate, issued by its Registrar and Transfer Agent, Maheshwari Datamatics Private Limited, confirms that dematerialization requests were processed within stipulated timelines. It further verifies that physical security certificates received were mutilated and cancelled after dematerialization. This is a standard administrative filing required for all listed companies to maintain regulatory compliance.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Confirmation provided by Registrar and Transfer Agent, Maheshwari Datamatics Private Limited.
- Demat Transfer Register for the period 01/10/2025 to 31/12/2025 sent to depositories and exchanges.
- Physical certificates received for dematerialization were destroyed/mutilated as per SEBI norms.
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