Addi Industries announced that its unlisted material subsidiary, Skyrix Ventures Private Limited, has appointed Mr. Jai Kishan as a Non-Executive Independent Director. The appointment, effective June 30, 2026, was approved by the Board of Directors of Skyrix Ventures at its meeting held on the same day. This move ensures compliance with Regulation 24(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates the appointment of at least one Independent Director from the holding listed entity to the board of an unlisted material subsidiary.

Mr. Jai Kishan has been appointed as an Additional Director initially, holding office until the date of the ensuing General Meeting of Skyrix Ventures Private Limited. Subsequently, subject to the approval of the shareholders, he will serve a term of five consecutive years commencing from June 30, 2026, and ending on June 29, 2031. The company confirmed that Mr. Kishan meets the criteria of independence as prescribed under the provisions of the Companies Act, 2013, and is not debarred from holding the office of director by any SEBI order or other authority.

Director Profile

Mr. Jai Kishan (DIN: 11033609) is a Fellow Company Secretary (FCS) and holds a Master of Commerce (M.Com) degree. He is an accomplished Company Secretary and Trademark Attorney with extensive experience in Company Law, Intellectual Property Rights (IPR), GST, FSSAI, and DGFT matters. His expertise encompasses company formation, statutory compliances, corporate governance, board processes, and legal documentation.

In the domain of IPR, Mr. Kishan advises on trademarks, copyrights, patents, and trade secrets, including filings, portfolio management, infringement matters, and IP due diligence. He is also well-versed in FSSAI regulations, assisting businesses with licensing, food safety compliance, labelling, and packaging requirements. Additionally, his proficiency in GST enables him to provide advisory services on registration, return filing, input tax credit, tax structuring, and dispute resolution.

Appointment Details

The disclosure was submitted to BSE Limited on June 30, 2026, by Sandeep Mittal, Whole-time Director of Addi Industries Limited. Mr. Jai Kishan is not related to any Director on the Board of Skyrix Ventures Private Limited.

Addi Industries Limited has reported a consolidated net profit of ₹236.25 lakh for the financial year ended March 31, 2026. The company's board approved the audited standalone and consolidated financial results at a meeting held on May 28, 2026. While the statutory auditors issued an unmodified opinion, they highlighted a material uncertainty regarding the company's ability to continue as a going concern due to delays in implementing new business ventures.

The auditors, M/s. B.R. Gupta & Co., noted that the company is exploring modalities to start a new business venture but has not yet implemented the same. Despite this uncertainty, the management believes the going concern basis is appropriate given significant cash and bank balances, positive net worth, and no borrowings. Additionally, the auditors emphasized a change in control and management, where an acquirer secured 74.27% of the paid-up equity share capital on December 17, 2025, pursuant to a Share Purchase Agreement.

For the full year, the consolidated total income stood at ₹1,055.88 lakh, compared to ₹553.90 lakh in the previous year. On a standalone basis, the company reported a net profit of ₹221.83 lakh for FY26, with total income of ₹526.38 lakh. The earnings per share (EPS) for the consolidated results was ₹2.19 for the year, up from ₹3.00 in the prior year. The financial results were reviewed by the Audit Committee and approved by the Board.

Financial Performance for FY26

The company stated that there are no reportable segments as per IND AS 108. It also assessed the financial impact of the New Labour Codes, effective from November 21, 2025, and recognised the notional impact in the financial results. The complete results are available on the BSE website and the company's official portal.