Archies FY26 net loss widens to ₹430 lakh on revenue decline

1 min read Updated on 02 Jun 2026, 05:28 AM

Reviewed by

Suketu GScanX News Team

AI Summary

Archies Limited reported a net loss of ₹429.70 lakh for the financial year ended March 31, 2026, widened from a loss of ₹146.29 lakh in the previous year, as revenue from operations declined to ₹5,609.70 lakh. The company submitted newspaper advertisements for the audited financial results published in the Financial Express and Jansatta on May 31, 2026. Revenue for the year decreased from ₹6,970.54 lakh in FY25, while earnings per share (EPS) deteriorated to a loss of ₹1.27 from a loss of ₹0.43.

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Archies Limited reported a net loss of ₹429.70 lakh for the financial year ended March 31, 2026, widening from a loss of ₹146.29 lakh in the previous year, as revenue from operations declined to ₹5,609.70 lakh. The company submitted newspaper advertisements for the audited financial results published in the Financial Express and Jansatta on May 31, 2026. Revenue for the year decreased from ₹6,970.54 lakh in FY25, while earnings per share (EPS) deteriorated to a loss of ₹1.27 from a loss of ₹0.43.

The board meeting was conducted in compliance with Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, Uberoi Sood & Kapoor, provided an unmodified opinion on the financial results. However, the auditors noted in their report that the company has not deposited Employees Provident Fund and Tax Deducted at Source for the period from November 2025 to March 2026. Furthermore, the auditors stated they were unable to comment whether the value of inventory is at cost or net realisable value, relying instead on the book value.

Financial Performance Summary

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from Operations	5,609.70	6,970.54
Total Income	6,216.48	7,657.79
Total Expenses	6,700.90	7,930.35
Net Loss	(429.70)	(146.29)
Earnings Per Share (Basic)	(1.27)	(0.43)

Historical Stock Returns for Archies

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.04%	-2.32%	-2.12%	-22.84%	-31.79%	-14.43%

What specific turnaround strategies does management plan to implement to reverse the declining revenue trend?

How will the company address the immediate liquidity constraints to clear the outstanding Employees Provident Fund and tax dues?

What impact will the auditor's uncertainty regarding inventory valuation have on potential investor confidence and credit ratings?

Board Meeting and Postal Ballot Details

The Board Meeting to discuss this re-appointment commenced at 11:30 P.M. and concluded at 12:30 PM. To ensure a fair and transparent process, the company conducted a postal ballot for the appointment. Mr. Shailesh Dayal, Proprietor of M/s Dayal & Maur (Company Secretaries), New Delhi, was appointed as the scrutinizer to oversee the e-voting process. The information regarding this corporate action has been made available on the company’s official website.

Profile of the Re-appointed Director

Mr. Varun Moolchandani brings extensive experience to his role. Aged 44, he is a graduate from Delhi University with 26 years of business experience across categories such as Fragrance & Cosmetics, International Brand Tie-ups, and new business concepts. His expertise includes team management, leadership, strategic alliances, international business, and P&L responsibility.

Key Details of Mr. Varun Moolchandani

Detail	Information
Age	44Y
Qualification	Graduate from Delhi University
Experience	26 Years in Business
Date of First Appointment	25/06/2019
Remuneration Last Drawn (Rs.)	1,56,000
Shareholding (as on March 31, 2026)	1844890
Board Meetings Attended (2025-26)	6

Terms and Relationships

The terms and conditions of the re-appointment are as per the agreement outlined in the appointment letter. Mr. Moolchandani is the son of Mr. Anil Moolchandani and the nephew of Mr. Jagdish Moolchandani. As of March 31, 2026, he does not hold any directorships or memberships in committees of other boards. The company has affirmed that he is not debarred from holding the office of director by any SEBI order or other authority.

Historical Stock Returns for Archies

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.04%	-2.32%	-2.12%	-22.84%	-31.79%	-14.43%

How might Varun Moolchandani's continued leadership influence Archies Limited's strategy to expand its international brand tie-ups and fragrance & cosmetics portfolio over the next two years?

Given the relatively modest remuneration of ₹1,56,000 last drawn, will the proposed remuneration under the new appointment letter reflect a significant revision, and how could this impact shareholder sentiment during the postal ballot?

With the Moolchandani family holding key leadership positions at Archies Limited, how might institutional investors and minority shareholders evaluate corporate governance practices during the approval process?