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AURIGROW - Auri Grow India

📊 NSE: AURIGROW 🏢 Industrial Products 📅 Last Updated: 11/13/2025 15:25

📢 Recent Corporate Announcements

Auri Grow India Shareholders Approve New MD and Three Independent Directors

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 23 Feb 2026, 05:28 PM

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.

💡 Investors should monitor the company's strategic direction and operational performance under the newly appointed Managing Director. The high approval rating indicates strong shareholder support for the current management's board restructuring.

Auri Grow India Reports Zero Revenue and Net Loss of ₹29.7 Lakh in Q3 FY26

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 04:43 PM

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.

💡 Investors should exercise extreme caution due to the total absence of revenue in the current quarter and the admission of accounting errors. It is advisable to wait for management commentary regarding the cessation of business activity before making any investment decisions.

Auri Grow India Limited Announces Change of Official Website to aurigrow.com

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Jan 2026, 12:23 PM

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

💡 Investors should update their bookmarks to the new website for future corporate governance and financial tracking. No immediate investment action is required as this is a routine administrative update.

Auri Grow India Proposes New Managing Director and Three Independent Directors via Postal Ballot

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 23 Jan 2026, 01:07 PM

Auri Grow India Limited, formerly known as Godha Cabcon & Insulation Limited, has issued a postal ballot notice to seek shareholder approval for significant leadership changes. The company proposes the appointment of Mr. Tilak Satishbhai Patel as Managing Director for a five-year term starting January 21, 2026. Additionally, three new Non-Executive Independent Directors are proposed for five-year terms ending in 2030. Shareholders can cast their votes electronically between January 24 and February 22, 2026, based on the cut-off date of January 16, 2026.

Proposed appointment of Mr. Tilak Satishbhai Patel as Managing Director for a 5-year term.
Three Independent Directors (Ayush Patel, Bharat Sakariya, Snehal Chavan) proposed for 5-year tenures.
Remote e-voting period set from January 24, 2026, to February 22, 2026.
Eligibility for voting is based on shareholding as of the cut-off date, January 16, 2026.
The move follows the company's recent name change from Godha Cabcon & Insulation Limited.

💡 Investors should monitor the background and expertise of the newly proposed board members to assess if they bring the necessary skills for the company's future growth. Shareholders are advised to exercise their voting rights through the CDSL e-voting platform during the specified window.

Auri Grow India Proposes Appointment of New MD and Three Independent Directors

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 23 Jan 2026, 12:53 PM

Auri Grow India Limited, formerly known as Godha Cabcon & Insulation Limited, has issued a postal ballot notice to seek shareholder approval for significant leadership changes. The company proposes the appointment of Mr. Tilak Satishbhai Patel as Managing Director for a five-year term effective January 21, 2026. Additionally, three new Independent Directors—Mr. Ayush Patel, Mr. Bharat Babubhai Sakariya, and Ms. Snehal Sanjay Chavan—are being proposed for five-year tenures. Shareholders can cast their votes via remote e-voting between January 24 and February 22, 2026.

Proposed appointment of Mr. Tilak Satishbhai Patel as Managing Director for a 5-year term starting Jan 21, 2026
Three Independent Directors proposed for 5-year terms: Ayush Patel, Bharat Sakariya, and Snehal Chavan
Remote e-voting period scheduled from January 24, 2026, to February 22, 2026
The company is undergoing a leadership transition following its name change from Godha Cabcon & Insulation Limited

💡 Investors should monitor the outcome of the postal ballot to ensure a stable leadership transition. The focus should be on the new management's ability to drive growth under the rebranded entity.

Auri Grow India Appoints Tilak Satishbhai Patel as Managing Director for 5-Year Term

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 21 Jan 2026, 05:50 PM

Auri Grow India Limited, formerly known as Godha Cabcon & Insulation Limited, has appointed Mr. Tilak Satishbhai Patel as its new Managing Director effective January 21, 2026. The appointment is for a fixed tenure of five years, subject to necessary shareholder approvals. Mr. Patel is a professional with expertise in finance and marketing, and he holds no prior relationship with any existing directors on the company's board. This leadership change comes as the company continues its operations under its rebranded identity.

Appointment of Mr. Tilak Satishbhai Patel as Managing Director effective from January 21, 2026
The leadership term is fixed for a duration of 5 years subject to shareholder consent
Mr. Patel brings specialized experience in Finance, Marketing, and operational management
The appointee is confirmed to have no relationships with other board members or directors
The board confirmed the appointee is not debarred from holding office by SEBI or any other authority

💡 Investors should monitor the company's strategic direction and financial execution under the new Managing Director's leadership. No immediate portfolio changes are recommended based solely on this executive appointment.

Auri Grow India Appoints Tilak Satishbhai Patel as Managing Director for 5-Year Term

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 21 Jan 2026, 05:41 PM

Auri Grow India Limited, formerly known as Godha Cabcon & Insulation Limited, has appointed Mr. Tilak Satishbhai Patel as Managing Director effective January 21, 2026. The appointment is for a five-year tenure, subject to necessary shareholder approvals. Mr. Patel is a self-employed professional with expertise in finance, marketing, and operational management. This leadership change comes as the company continues its operations under its new corporate identity.

Mr. Tilak Satishbhai Patel appointed as Managing Director for a 5-year term starting January 21, 2026
The appointee possesses specialized knowledge in Finance and Marketing with an entrepreneurial background
The Board confirmed that the new MD is not related to any other directors of the company
The appointment follows the company's name change from Godha Cabcon & Insulation Limited

💡 Investors should monitor the company's performance and strategic shifts under the new leadership to see if it improves financial outcomes. No immediate action is required as this is a standard leadership transition.

Auri Grow India Appoints Tilak Satishbhai Patel as MD and CFO for Five-Year Term

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 21 Jan 2026, 05:33 PM

Auri Grow India Limited, formerly known as Godha Cabcon & Insulation Limited, has appointed Mr. Tilak Satishbhai Patel as both Managing Director and Chief Financial Officer effective January 21, 2026. The Managing Director appointment is set for a five-year tenure, subject to shareholder approval. The board also moved to regularize the appointments of three Non-Executive Independent Directors: Mr. Ayush Patel, Mr. Bharat Babubhai Sakariya, and Ms. Snehal Sanjay Chavan. A postal ballot process has been initiated to obtain member approval for these leadership changes.

Mr. Tilak Satishbhai Patel appointed as Managing Director and CFO for a 5-year term starting January 21, 2026.
Regularization of three Independent Directors: Ayush Patel, Bharat Babubhai Sakariya, and Snehal Sanjay Chavan.
Postal ballot notice approved for obtaining shareholder consent for the new management structure.
Vishakha Agrawal appointed as Scrutinizer for the e-voting process.
The company continues its transition following its recent name change from Godha Cabcon & Insulation Limited.

💡 Investors should monitor the company's performance under the new leadership, particularly as the MD and CFO roles are combined. Watch for the results of the postal ballot and subsequent strategic updates from the new management.

Auri Grow India MD and CFO Tathagata Sarkar Resigns Effective Jan 20, 2026

🔵 WATCH ⭐ 8/10

MANAGEMENT 📅 20 Jan 2026, 05:39 PM

Auri Grow India Limited has announced the resignation of Mr. Tathagata Sarkar from his dual roles as Managing Director and Chief Financial Officer, effective January 20, 2026. The executive cited an inability to devote sufficient time to the company's affairs as the reason for his departure. The Board has formally accepted the resignation and confirmed that no other material reasons were provided for the exit. This significant leadership change occurs as the company continues its operations under its rebranded identity, formerly known as Godha Cabcon & Insulation Limited.

Mr. Tathagata Sarkar resigned from the dual positions of Managing Director and CFO.
The resignation is effective from the close of business hours on January 20, 2026.
The stated reason for resignation is the inability to devote time to the company's affairs.
The outgoing director held no other directorships or committee memberships in other listed entities.

💡 Investors should monitor the company's filings for the appointment of a new MD and CFO to ensure there is no prolonged leadership vacuum. The simultaneous exit from two critical KMP roles warrants caution regarding near-term corporate governance and operational oversight.

Auri Grow India MD & CFO Tathagata Sarkar Resigns Effective Jan 20, 2026

🔴 NEGATIVE ⭐ 8/10

MANAGEMENT 📅 20 Jan 2026, 05:38 PM

Mr. Tathagata Sarkar has resigned from his dual role as Managing Director and Chief Financial Officer of Auri Grow India Limited, effective January 20, 2026. The resignation is attributed to his inability to devote sufficient time to the company's affairs, creating a significant leadership gap in both executive and financial oversight. The Board has noted the resignation, but no immediate successors for these key positions have been announced. This move follows the company's recent name change from Godha Cabcon & Insulation Limited.

Mr. Tathagata Sarkar resigned from the dual positions of Managing Director and CFO effective January 20, 2026.
The stated reason for resignation is the inability to devote time to the company's affairs.
The outgoing MD/CFO confirmed there are no other material reasons for his departure.
The company has not yet named a replacement for either the MD or the CFO roles.

💡 Investors should exercise caution and monitor for the appointment of new leadership to fill the MD and CFO vacancies. The simultaneous exit of the top executive and financial head can lead to operational instability and should be watched closely.

Auri Grow India Appoints Patel Tilak Satishbhai as Executive Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 20 Jan 2026, 05:31 PM

Auri Grow India Limited, formerly known as Godha Cabcon & Insulation Limited, has appointed Mr. Patel Tilak Satishbhai as an Additional Executive Director effective January 20, 2026. The appointment is for a five-year tenure, subject to the necessary approval from the company's shareholders. Mr. Satishbhai is a self-employed professional with experience in business operations and administrative management. This move appears to be part of a leadership refresh following the company's recent rebranding and corporate identity change.

Appointment of Mr. Patel Tilak Satishbhai as Additional Executive Director effective January 20, 2026.
The executive appointment is for a fixed term of 5 years, pending shareholder approval.
The appointee has no familial or professional relationship with any other directors on the board.
The board confirmed the appointee is not debarred from holding office by any SEBI or regulatory order.

💡 Investors should observe if this leadership addition brings new strategic focus to the company's operations post-rebranding. No immediate portfolio action is required based on this routine management update.

Auri Grow India MD & CFO Tathagata Sarkar Resigns; New Executive Director Appointed

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 20 Jan 2026, 05:17 PM

Auri Grow India Limited has announced the resignation of Mr. Tathagata Sarkar from the dual positions of Managing Director and Chief Financial Officer, effective January 20, 2026. The resignation is attributed to his inability to devote sufficient time to the company's affairs. To fill the board vacancy, the company has appointed Mr. Patel Tilak Satishbhai as an Additional Executive Director for a five-year term, pending shareholder approval. This significant leadership change follows the company's recent rebranding from Godha Cabcon & Insulation Limited.

Mr. Tathagata Sarkar resigned as both Managing Director and CFO effective January 20, 2026.
Mr. Patel Tilak Satishbhai appointed as Additional Executive Director for a 5-year tenure starting January 20, 2026.
The board meeting was conducted and concluded within 40 minutes (16:00 to 16:40) on January 20, 2026.
The new appointee, Mr. Patel Tilak Satishbhai, is confirmed to have no relationships with other directors on the board.

💡 Investors should closely monitor the company's next steps in appointing a dedicated Chief Financial Officer to ensure financial oversight remains robust. The simultaneous exit of the MD and CFO is a significant event that requires verification of management stability in the coming quarters.

Auri Grow India Approves Postal Ballot for Regularization of 3 Independent Directors

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 17 Jan 2026, 12:43 PM

Auri Grow India Limited held a board meeting on January 17, 2026, to approve a Postal Ballot notice for shareholder approval. The company is seeking to regularize the appointments of three Non-Executive Independent Directors: Mr. Ayush Patel, Mr. Bharat Babubhai Sakariya, and Ms. Snehal Sanjay Chavan. Vishakha Agrawal has been appointed as the Scrutinizer to oversee the electronic voting process. This is a routine regulatory procedure to formalize recent board additions.

Board approved Postal Ballot for regularization of 3 Non-Executive Independent Directors.
Directors involved are Mr. Ayush Patel, Mr. Bharat Babubhai Sakariya, and Ms. Snehal Sanjay Chavan.
Vishakha Agrawal appointed as Scrutinizer for the e-voting process.
The board meeting was conducted efficiently, lasting 30 minutes from 12:00 PM to 12:30 PM.

💡 No immediate action is required as this is a routine governance matter. Shareholders should review the upcoming Postal Ballot notice and participate in the voting process.

Auri Grow India Reports 100% SDD Compliance for Quarter Ended December 2025

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 17 Jan 2026, 12:11 PM

Auri Grow India Limited has submitted its Structured Digital Database (SDD) compliance certificate for the quarter ended December 31, 2025. The company confirmed that it has maintained a non-tamperable internal database to track Unpublished Price Sensitive Information (UPSI) as per SEBI Insider Trading regulations. During the quarter, the company identified 8 specific events requiring documentation and successfully captured all 8 in the system. This filing demonstrates the company's adherence to mandatory corporate governance standards regarding the handling of sensitive information.

Successfully captured 8 out of 8 required events in the Structured Digital Database for the quarter.
Complied with Regulations 3(5) and 3(6) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
Maintained an internal, non-tamperable audit trail with the capability to store records for 8 years.
Confirmed that controls exist to restrict access to the SDD and track the nature of UPSI with time stamps.

💡 This is a routine regulatory filing indicating the company is following standard compliance procedures; no immediate action is required from shareholders.

Auri Grow India Launches CarbonKrishi Platform; Targets ₹3-10 Cr Annual Revenue Share

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 06 Jan 2026, 11:02 AM

Auri Grow India Limited has launched 'CarbonKrishi,' an AI-enabled platform to facilitate the monetization of agricultural carbon credits for Indian farmers. The company has identified an illustrative revenue potential of ₹3–10 Crores annually from the Northern India region alone, based on onboarding 1,00,000 farmers. This initiative marks a strategic shift into the high-margin AgriTech and ESG sectors, with projected profit margins of up to 85%. The platform aims to connect farmers with global corporate buyers seeking Net-Zero offsets at prices ranging from USD 10-20 per credit.

Launched AI-enabled 'CarbonKrishi' platform for agricultural carbon credit aggregation and verification
Estimated illustrative annual revenue share of ₹3–10 Crores for the company with up to 85% profit margins
Targets onboarding 1,00,000 farmers in Northern India, generating 1-3 carbon credits per farmer annually
Anticipated realization of USD 10-20 per carbon credit in global voluntary markets
Strategic pivot from traditional operations to an asset-light, technology-driven ESG revenue model

💡 Investors should watch for the successful conversion of pilot programs into scalable farmer onboarding and actual credit sales. While the high-margin projections are promising, the company's ability to navigate international carbon standards will be critical for long-term value.

View All AURIGROW Announcements on Live Market Tracking →

💰 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.