Archies postal ballot fails to re-appoint Executive Director

1 min read Updated on 10 Jun 2026, 03:17 AM

Reviewed by

Naman SScanX News Team

AI Summary

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.

*this image is generated using AI for illustrative purposes only.

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 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.61%	-3.21%	-12.48%	-24.59%	-35.75%	-19.71%

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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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

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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.

*this image is generated using AI for illustrative purposes only.

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)