Archidply Industries Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results at its meeting held on May 08, 2026. Statutory auditors M/s GRV & PK, Chartered Accountants (FRN: 008099S) issued an unmodified opinion on both standalone and consolidated financial statements, as confirmed by Managing Director Rajiv Daga and Chief Financial Officer Anil Sureka in a declaration filed pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Standalone Financial Performance

The company delivered a robust performance on a standalone basis for FY26, with revenue from operations growing to ₹50,774.59 lakhs from ₹46,428.17 lakhs in FY25. Total income for the year stood at ₹50,845.79 lakhs, compared to ₹46,535.61 lakhs in the previous year. Net profit from continuing operations improved significantly to ₹1,073.94 lakhs from ₹787.86 lakhs in FY25. Total comprehensive income for FY26 was ₹1,072.73 lakhs, against ₹761.95 lakhs in FY25.

The following table summarises the key standalone financial metrics:

Standalone Segment Performance

Across the three business segments, Plywood & Allied Products remained the largest revenue contributor, with annual segment revenue of ₹34,660.62 lakhs in FY26 compared to ₹31,708.31 lakhs in FY25. Laminate & Allied Products contributed ₹14,570.66 lakhs in FY26, up from ₹13,226.33 lakhs in FY25. Medium Density Fibre Board recorded segment revenue of ₹1,528.59 lakhs in FY26 against ₹1,473.42 lakhs in FY25.

Standalone Balance Sheet Highlights

As at March 31, 2026, the company's total assets stood at ₹29,466.19 lakhs compared to ₹27,398.82 lakhs as at March 31, 2025. Total shareholders' funds increased to ₹13,006.39 lakhs from ₹11,933.66 lakhs in the previous year, supported by equity share capital of ₹1,986.50 lakhs and other equity of ₹11,019.89 lakhs. Total current liabilities declined to ₹14,003.56 lakhs from ₹14,593.18 lakhs. On a standalone cash flow basis, net cash flow from operating activities stood at ₹2,365.64 lakhs for the year ended March 31, 2026, compared to ₹2,309.72 lakhs in the previous year. Cash and cash equivalents at year end stood at ₹16.98 lakhs.

Consolidated Financial Performance

On a consolidated basis, which includes the 100% subsidiary Archidpanel Industries Private Limited, Archidply Industries reported a strong turnaround. Consolidated revenue from operations grew to ₹67,070.18 lakhs in FY26 from ₹55,591.29 lakhs in FY25. Consolidated net profit from continuing operations stood at ₹797.63 lakhs in FY26, reversing a net loss of ₹735.80 lakhs in FY25. Total comprehensive income for the consolidated entity was ₹796.47 lakhs in FY26, compared to a total comprehensive loss of ₹761.70 lakhs in FY25.

Consolidated Segment Performance

At the consolidated level, the Medium Density Fibre Board segment recorded a significant turnaround, with FY26 revenue of ₹18,157.41 lakhs compared to ₹10,841.43 lakhs in FY25, and a segment result of ₹542.50 lakhs against a loss of ₹850.67 lakhs in FY25. Plywood & Allied Products contributed consolidated revenue of ₹34,660.62 lakhs (FY25: ₹31,639.99 lakhs) with a segment result of ₹4,657.62 lakhs (FY25: ₹4,185.02 lakhs). Laminate & Allied Products reported consolidated revenue of ₹14,237.42 lakhs (FY25: ₹13,089.77 lakhs) with a segment result of ₹3,371.42 lakhs (FY25: ₹2,905.59 lakhs). Consolidated net cash flow from operating activities improved sharply to ₹3,411.71 lakhs in FY26 from a cash outflow of ₹2,335.76 lakhs in FY25, with consolidated cash and cash equivalents at year end at ₹35.32 lakhs.

Exceptional Item — Impact of Labour Codes

During the year, the company recognised an exceptional item related to the implementation of new Labour Codes. On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020, which consolidate twenty-nine existing labour laws. The company assessed the financial implications, which resulted in an increase in gratuity liability and leave liability. On a standalone basis, this impact amounted to ₹138.86 lakhs, while on a consolidated basis it was ₹139.38 lakhs. Both amounts have been presented as "Impact of Labour Codes" under "Exceptional Item" in the respective Statements of Profit and Loss for the year ended March 31, 2026, given the non-recurring nature of the event.

Auditor's Opinion and Compliance

The audited financial results were reviewed by the Audit Committee and approved by the Board of Directors on May 08, 2026. M/s GRV & PK, Chartered Accountants (FRN: 008099S), issued an unmodified audit opinion on both standalone and consolidated financial results for the year ended March 31, 2026. The financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. The results are also available on the company's website at www.archidply.com .

Archidply Industries Limited has announced the re-appointment of Mr. Pritam Singh as an Independent Director for a second term of five years. The decision was unanimously approved by the Board of Directors during a meeting held on May 8, 2026, based on the recommendation of the Nomination and Remuneration Committee. The appointment is subject to the approval of the shareholders.

Mr. Pritam Singh (DIN: 01168865) will serve as a Non-Executive, Independent Director for a term effective from June 18, 2026, to June 17, 2031. Mr. Singh has confirmed that he meets the criteria of 'independence' under Section 149 of the Companies Act, 2013, and Regulation 16 of the Listing Regulations. He further confirmed that he has not been debarred from holding the office of Director by any order passed by SEBI or other authorities.

Details of Re-appointment

The following table outlines the key details regarding the re-appointment of Mr. Pritam Singh:

Appointment of Internal Auditor

In addition to the director re-appointment, the Board approved the appointment of Girdhari Sharma & Co. (Firm Registration No. 312171E) as the Internal Auditor of the Company for the financial year 2026-27. The firm was established on August 13, 1979, and consists of two partners — Mr. G.L. Sharma (B.Com(H), A.C.S., L.L.B., F.C.A., DISA) and Mr. N.L. Sharma (B.Com(H), FCA). The firm brings over 40 years of experience in conducting statutory and internal audits across diversified sectors, including manufacturing of plywood, medicines, production and distribution of films, hotels, construction companies, engineering products, plastic products, petrol pumps, partnership firms, charitable trusts, trading companies, and NBFCs.

The following table outlines the key details regarding the appointment of Girdhari Sharma & Co.:

The Board meeting commenced at 12:30 pm and concluded at 02:30 pm on May 8, 2026. The necessary disclosures regarding these appointments have been made in accordance with Regulation 30 of the Listing Regulations and relevant SEBI circulars. The information is also available on the Company's website.