Archies Ltd corrects XBRL reporting error for Q2FY25 results

0 min read     Updated on 26 Jun 2026, 04:18 AM
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Jubin VScanX News Team
AI Summary

Archies Ltd addressed an NSE query regarding missing quarterly figures in its Q2FY25 financial results, attributing the error to selecting 'Half Yearly' instead of 'Quarterly' in the XBRL format. The company, which filed the results on November 14, 2025, has sought permission to resubmit the corrected data.

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Archies Limited clarified to the National Stock Exchange of India that its financial results for the quarter ended September 30, 2025, were submitted without quarterly figures due to a reporting error in the XBRL format. The company had initially filed the results on November 14, 2025, within the regulatory deadline, but the exchange sought clarification regarding the missing quarterly data.

Clarification on Reporting Discrepancy

The company attributed the issue to an inadvertent selection of the wrong reporting type. In its submission, Archies Limited selected 'Half Yearly' instead of 'Quarterly' in the XBRL format, which resulted in the system not providing the quarterly figures. This technical error prompted the query from the exchange regarding the discrepancies in the filed document.

Resubmission Request

Archies Limited has requested the exchange to allow the resubmission of the Financial Results in XBRL format for the quarter ended September 30, 2025. The company assured the exchange that it would exercise greater caution in future data submissions to prevent similar errors. The clarification was submitted by Chiranjivi Ramuka, Company Secretary and Compliance Officer, on January 23, 2026.

Historical Stock Returns for Archies

1 Day5 Days1 Month6 Months1 Year5 Years
-1.04%-2.32%-2.12%-22.84%-31.79%-14.43%

What penalties, if any, might the National Stock Exchange impose for this reporting error?

How will this delay in accurate financial disclosure impact investor confidence in Archies Limited?

Will the company implement additional internal controls or audit its XBRL filing processes to prevent future errors?

Archies postal ballot fails to re-appoint Executive Director

1 min read     Updated on 10 Jun 2026, 03:17 AM
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Archies Limited's postal ballot to re-appoint Mr. Varun Moolchandani as Executive Director did not pass with the requisite majority. The resolution sought approval for a two-year term effective from May 5, 2026. The outcome alters the company's leadership structure after the exclusion of votes cast by related parties of the proposed appointee.

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Archies Limited 's postal ballot to re-appoint Mr. Varun Moolchandani as Executive Director did not pass with the requisite majority. The resolution sought approval for a two-year term effective from May 5, 2026. The outcome alters the company's leadership structure after the exclusion of votes cast by related parties of the proposed appointee.

The remote e-voting process commenced on May 8, 2026, and concluded on June 6, 2026. Mr. Shailesh Dayal, Partner of Dayal and Maur, Company Secretaries, served as the Scrutinizer for the process. The voting was conducted in accordance with Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Results

The resolution was put to a special resolution vote. The Scrutinizer's report confirmed that 71.39% of the valid votes polled were in favor, while 28.61% dissented. A total of 15,111,140 votes were not considered as they were cast by 5 related parties of the proposed appointee.

Particulars Number of valid votes Percentage of total votes polled
Assent 11,729 71.39%
Dissent 4,700 28.61%
Abstain 0 0.00%
Total 16,429 100.00%

Participation Details

A total of 58 members participated in the final valid voting process, representing 16,429 shares. The notice for the postal ballot was published in the Financial Express and Jansatta newspapers on May 7, 2026. The company confirmed that the results and the Scrutinizer's report are available on its website.

Historical Stock Returns for Archies

1 Day5 Days1 Month6 Months1 Year5 Years
-1.04%-2.32%-2.12%-22.84%-31.79%-14.43%

Who will Archies Limited identify as the interim or permanent successor to lead the executive direction following this rejection?

How will the significant dissent from minority shareholders influence the company's future governance and proxy advisory recommendations?

Will the Board propose a different candidate for the Executive Director role, or will they attempt to re-negotiate with Mr. Moolchandani?

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1 Year Returns:-31.79%