Auri Grow India Limited (AURIGROW)
📢 Recent Corporate Announcements
Auri Grow India Limited (formerly Godha Cabcon & Insulation Limited) disclosed its list of creditors as of October 12, 2026, under the ongoing Corporate Insolvency Resolution Process (CIRP) initiated by NCLT Indore Bench on September 18, 2026. Total admitted claims stand at ₹1,00,22,20,900 (₹100.22 crore), entirely comprising operational creditors. The largest admitted claim is from Naksh Steel at ₹91,82,07,284 (accounting for 91.62% of CoC voting share), followed by Aadinath Ornamentals Private Limited at ₹8,35,25,500 (8.33% share). No claims were admitted for financial creditors, workmen, employees, or government dues.
- CIRP commenced on September 18, 2026, pursuant to NCLT Indore Bench order in CP(IB)/41(MP)/2026
- Total admitted operational creditor claims amount to ₹1,00,22,20,900 (₹100.22 crore)
- Naksh Steel represents the largest claim admitted at ₹91,82,07,284, commanding 91.62% of voting share
- Aadinath Ornamentals claim of ₹8,35,25,500 admitted with an 8.334% voting share
- Secured financial, unsecured financial, workmen, employee, and government dues are reported as NIL
Auri Grow India Limited (formerly Godha Cabcon & Insulation Limited) has been admitted into the Corporate Insolvency Resolution Process (CIRP) under the IBC by the NCLT Indore MP Bench via an order dated 18.09.2026. Rajesh Jasti has been appointed as the Interim Resolution Professional (IRP), with public announcements published inviting creditor claims by 02.10.2026. The estimated timeline for CIRP closure is set for 17.03.2027, representing a 180-day resolution window.
- CIRP commenced pursuant to NCLT Indore MP Bench order dated 18.09.2026
- Estimated CIRP closure date is 17.03.2027 (180 days from commencement)
- Creditors called upon to submit proofs of claims on or before 02.10.2026
- Rajesh Jasti appointed as Interim Resolution Professional (IRP)
The National Company Law Tribunal (NCLT), Indore Bench, has initiated the Corporate Insolvency Resolution Process (CIRP) against Auri Grow India Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The order, dated 18/09/2026 and received on 24/09/2026, stems from application CP(IB)/41(MP)/2026. Pursuant to Section 17 of the IBC, the powers of the Board of Directors stand suspended and are transferred to Interim Resolution Professional (IRP) Rajesh Jasti. The company will be managed as a going concern during the proceedings.
- NCLT Indore admitted the CIRP application under Section 9 of the IBC via order dated 18/09/2026.
- Order received by the company/IRP on 24/09/2026 under case no. CP(IB)/41(MP)/2026.
- Powers of the Board of Directors are suspended under Section 17 of the IBC.
- Rajesh Jasti appointed as Interim Resolution Professional (Registration No. IBBI/IPA-001/IP-P02317/2020-21/13469) to manage the firm as a going concern.
Auri Grow India Limited has announced the closure of its corporate office located in Ahmedabad, Gujarat, effective July 14, 2026. The board cited operational efficiency and resource optimization as the primary reasons for this administrative decision. All statutory records and books of account will be transferred to the company's registered office in Indore, Madhya Pradesh. The company has clarified that business operations will continue without any interruption.
- Corporate office in Ahmedabad discontinued effective July 14, 2026
- Statutory records and books of account transferred to Indore registered office
- Board meeting conducted within 40 minutes from 02:30 P.M. to 03:10 P.M.
- Decision taken for administrative optimization and resource efficiency
Auri Grow India Limited, formerly known as Godha Cabcon & Insulation Limited, has announced the resignation of its statutory auditor, M/S S Parth & Co., effective June 25, 2026. The auditor tendered their resignation via a letter on the same date, which was immediately acknowledged by the company. This disclosure is made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. Investors should monitor the company for the appointment of a successor to ensure financial transparency and governance continuity.
- Statutory Auditor M/S S Parth & Co. (FRN 154463W) resigned effective June 25, 2026.
- The resignation was tendered and processed on the same business day, June 25, 2026.
- The company was previously operating under the name Godha Cabcon & Insulation Limited.
- The filing was made under Regulation 30 and Schedule III of SEBI Listing Regulations.
Auri Grow India Limited, formerly known as Godha Cabcon & Insulation Limited, has announced the resignation of its statutory auditors, M/s. S Parth & Co., effective June 25, 2026. The Board of Directors accepted the resignation during a meeting held on the same day between 3:00 PM and 4:00 PM. This change in the auditing firm requires the company to appoint a successor to ensure continued financial oversight. Investors typically view auditor resignations as a signal to monitor corporate governance and financial reporting closely.
- Statutory Auditors M/s. S Parth & Co. (Firm Reg No. 154463W) resigned effective June 25, 2026.
- The Board Meeting approving the resignation was held on June 25, 2026, lasting exactly 60 minutes.
- The company is currently operating under the new name Auri Grow India Limited (formerly Godha Cabcon & Insulation Limited).
- The resignation follows requirements under Regulation 30 of SEBI (LODR) Regulations, 2015.
Auri Grow India Limited (formerly Godha Cabcon & Insulation Limited) held a board meeting on June 20, 2026, to approve a change in its registered office location. The office is moving from the Industrial Area at Sanwer Road to Orbit Mall in Scheme No. 54, both located within the city of Indore. The meeting was brief, lasting only 20 minutes from 01:00 P.M. to 01:20 P.M. This is a routine administrative shift and does not affect the company's business operations or financial performance.
- Board approved shifting the registered office from Sanwer Road to Orbit Mall, Indore.
- The relocation remains within the same city limits of Indore, Madhya Pradesh.
- The board meeting was conducted and concluded within a 20-minute timeframe.
- The company continues its operations under the new name Auri Grow India Limited.
Auri Grow India Limited, formerly known as Godha Cabcon & Insulation Limited, has announced the resignation of Ms. Aditi Garg from the positions of Company Secretary, Compliance Officer, and Key Managerial Personnel. The resignation is set to take effect from the close of business hours on June 12, 2026. Ms. Garg cited personal reasons and other professional commitments for her departure, and the company has acknowledged her contributions during her tenure.
- Ms. Aditi Garg (Membership No. A55285) resigned as Company Secretary and Compliance Officer.
- The resignation is effective from the close of business hours on June 12, 2026.
- Departure is attributed to personal reasons and other professional commitments with no material reasons cited.
- The company was formerly known as Godha Cabcon & Insulation Limited (NSE: AURIGROW).
Auri Grow India Limited has announced that its Board of Directors accepted the resignation of Ms. Aditi Garg from the position of Company Secretary and Compliance Officer on June 12, 2026. The resignation is effective from the close of business hours on June 12, 2026, and was attributed to personal reasons and other professional commitments. As a Key Managerial Personnel (KMP) departure, the company will need to appoint a successor to ensure ongoing regulatory compliance. The board meeting was conducted between 03:00 P.M. and 04:00 P.M. to formalize this change.
- Resignation of Ms. Aditi Garg (Membership No. A55285) as Company Secretary and Compliance Officer.
- The resignation is effective from the close of business hours on June 12, 2026.
- Departure cited as being due to personal reasons and other professional commitments with no other material reasons.
- The Board of Directors officially considered and approved the resignation in a meeting held on June 12, 2026.
Auri Grow India Limited (formerly Godha Cabcon) reported a severe deterioration in financial performance for FY26, with annual revenue crashing to ₹13.80 crore from ₹179.49 crore in FY25. The company swung to a net loss of ₹1.09 crore for the full year, compared to a profit of ₹7.17 crore in the previous fiscal. Alarmingly, the company reported zero revenue from operations for the quarter ended March 31, 2026. Additionally, the statutory auditors have issued a modified opinion (audit qualification) on the financial results, indicating potential concerns regarding the financial reporting.
- Annual revenue from operations declined by 92.3% YoY to ₹13.80 crore in FY26.
- Reported a net loss of ₹1.09 crore for FY26 versus a net profit of ₹7.17 crore in FY25.
- Revenue for the final quarter (Q4 FY26) was nil, compared to ₹13.80 crore in the same quarter last year.
- Statutory auditors issued a modified opinion/audit qualification on the standalone financial results.
- Equity share capital expanded to ₹147.62 crore from ₹91.37 crore during the year.
Auri Grow India Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by Registrar and Transfer Agent Ankit Consultancy Private Limited, covers the quarter and year ended March 31, 2026. The RTA confirmed that no requests for dematerialization or rematerialization of shares were received during the reporting period. This is a standard administrative filing required for all listed entities to ensure the integrity of shareholding records.
- Compliance certificate submitted for the quarter and year ended March 31, 2026.
- Registrar and Transfer Agent confirmed zero demat or remat requests were received during the quarter.
- The filing fulfills requirements under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
- Company formerly known as Godha Cabcon & Insulation Limited continues routine regulatory reporting.
Auri Grow India Limited, formerly known as Godha Cabcon & Insulation Limited, has informed the stock exchange regarding the closure of its trading window for all designated persons starting April 1, 2026. This move is a mandatory compliance step under SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain closed until 48 hours after the declaration of the Audited Standalone Financial Results for the fiscal year ending March 31, 2026. This is a standard procedure to prevent insider trading before the release of sensitive financial data.
- Trading window closure effective from April 1, 2026
- Applies to all designated persons, employees, and their immediate relatives
- Window to reopen 48 hours after the announcement of FY26 audited financial results
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
Auri Grow India Limited (formerly Godha Cabcon & Insulation Limited) has announced the successful passage of four key resolutions via postal ballot. Shareholders approved the appointment of Mr. Tilak Satishbhai Patel as Managing Director and regularized the appointments of three Non-executive Independent Directors for five-year terms. Approximately 15.9% of the total 147.62 crore outstanding shares were voted, with over 99.8% of participating votes cast in favor of all resolutions. These appointments finalize a significant restructuring of the company's leadership and governance framework.
- Mr. Tilak Satishbhai Patel appointed as Managing Director to lead the company's executive operations.
- Three Independent Directors (Ayush Patel, Bharat Sakariya, and Snehal Chavan) regularized for terms ending in late 2030.
- Total of 23.47 crore votes polled, representing 15.897% of the company's total equity base.
- All resolutions passed with overwhelming support, exceeding 99.8% 'in favor' votes from participating non-institutional shareholders.
- The voting process was conducted entirely through remote e-voting between January 24 and February 22, 2026.
Auri Grow India Limited (formerly Godha Cabcon) reported a complete halt in operations for Q3 FY26, with revenue from operations dropping to zero from ₹13.73 crore in the same quarter last year. The company posted a net loss of ₹29.70 lakh for the quarter, a sharp decline from a profit of ₹2.79 crore in Q3 FY25. While the nine-month revenue of ₹106.40 crore remains higher than the previous year, the sudden lack of quarterly revenue is a significant red flag. Furthermore, the company admitted to restating previous quarter figures due to identified errors and omissions.
- Revenue from operations fell to zero in Q3 FY26 compared to ₹13.73 crore in Q3 FY25.
- Net loss for the quarter stood at ₹29.70 lakh versus a net profit of ₹2.79 crore in the corresponding previous year quarter.
- Nine-month (9M FY26) revenue is ₹106.40 crore, significantly higher than the ₹13.80 crore reported in 9M FY25, indicating a front-loaded year.
- Management restated Q2 FY26 financial figures to correct 'inadvertent omissions and typographical mistakes'.
- Segment reporting confirms zero revenue contribution from both Steel and Agriculture & Other divisions during the quarter.
Auri Grow India Limited, formerly known as Godha Cabcon & Insulation Limited, has officially updated its corporate website address. The new website is https://aurigrow.com/, replacing the previous domain www.godhacabcon.in. This administrative change follows the company's recent rebranding and name change. Investors and stakeholders are advised to use the new URL for accessing official company disclosures and information.
- Official website changed from www.godhacabcon.in to https://aurigrow.com/
- Company name recently changed from Godha Cabcon & Insulation Limited to Auri Grow India Limited
- Intimation filed under Regulation 30 of SEBI (LODR) Regulations, 2015 on January 31, 2026
- Request submitted to stock exchange to update the listing portal records
Financial Performance
Revenue Growth by Segment
Historical revenue growth is not disclosed. However, the new CarbonKrishi initiative is estimated to generate a potential annual revenue share of INR 3–10 Crores for the company, based on a gross carbon value of INR 16–50 Crores (USD 2–6 million).
Geographic Revenue Split
The company is focusing on the Northern region of India for its new CarbonKrishi initiative, targeting approximately 1,00,000 farmers in this agriculturally intensive area.
Profitability Margins
The CarbonKrishi initiative is projected to have high profitability with illustrative profit margins of up to 85%. Historical margins for the traditional conductor business are not disclosed.
Credit Rating & Borrowing
The company has a Long Term rating of CRISIL B+/Stable and a Short Term rating of CRISIL A4, both categorized as 'Issuer Not Cooperating'. Total bank loan facilities rated amount to INR 18.7 Crore.
Operational Drivers
Raw Materials
Aluminum is the primary raw material used for manufacturing aluminum conductors. Specific percentage of total cost is not disclosed.
Strategic Growth
Growth Strategy
The company is pivoting towards an AgriTech + ESG model through the launch of 'CarbonKrishi'. This strategy involves onboarding 1,00,000 farmers in Northern India to generate 1–3 carbon credits per farmer annually, with the company taking a 20–30% commission share on credits sold at USD 10–20 each in global voluntary markets.
Products & Services
Aluminum conductors (traditional business) and AI-enabled farmer carbon credit platform services (CarbonKrishi).
Brand Portfolio
CarbonKrishi (AI-Enabled Farmer Carbon Credit Platform).
New Products/Services
CarbonKrishi, an AI-enabled platform for carbon credit aggregation and verification, with an illustrative revenue potential of INR 3–10 Crores.
Market Expansion
Targeting the Northern region of India due to high concentrations of small and medium farmers practicing rice and low-input agriculture.
Strategic Alliances
Engagement with accredited third-party verification agencies operating under recognized international carbon standards.
External Factors
Industry Trends
The industry is shifting towards ESG-linked value chains and AgriTech solutions. The Indian government has allocated INR 1.52 lakh crore for agriculture and allied sectors in the FY25 budget, supporting agricultural development.
Competitive Landscape
The company is transitioning from traditional manufacturing (aluminum conductors) to a specialized AgriTech/ESG niche.
Competitive Moat
The company's moat is built on its AI-assisted MRV framework and its existing ecosystem for farmer engagement, which creates an asset-light, technology-driven revenue model that is difficult for traditional competitors to replicate quickly.
Macro Economic Sensitivity
The company is sensitive to the USD/INR exchange rate as carbon credits are priced in USD (USD 10–20 per credit) while operations are based in India.
Consumer Behavior
Increasing corporate and institutional demand for transparent and traceable carbon credit supplies to meet sustainability commitments.
Geopolitical Risks
The business is subject to global voluntary carbon market demand and international carbon standards which can be influenced by international climate policies.
Regulatory & Governance
Industry Regulations
Operations must comply with international carbon standards for credit verification and Indian agricultural policies.
Environmental Compliance
The CarbonKrishi initiative is designed to comply with international carbon standards and SEBI ESG disclosure requirements.
Risk Analysis
Key Uncertainties
The 'Issuer Not Cooperating' status with CRISIL Ratings indicates a lack of financial transparency, which significantly increases credit risk. The CarbonKrishi initiative is exploratory and lacks binding agreements or assured revenues.
Geographic Concentration Risk
High concentration in Northern India for the new ESG initiative, making it vulnerable to regional agricultural or regulatory shifts.
Third Party Dependencies
Heavy reliance on accredited third-party verification agencies for the validation of carbon credits.
Technology Obsolescence Risk
The company faces the risk of its AI MRV framework becoming obsolete if international carbon verification standards shift toward newer technologies.
Credit & Counterparty Risk
CRISIL notes a potential deterioration in the credit risk profile due to the management's failure to provide information for rating reviews.
