Ardi Alliances Limited reported a net loss of ₹5.32 lakh for the quarter ended June 30, 2026, reversing the ₹7.30 lakh profit recorded in the preceding quarter. The loss occurred despite zero revenue from operations, as total expenses amounted to ₹5.32 lakh, comprising ₹4.71 lakh in other expenses and ₹0.62 lakh in employee benefits. This performance marks a significant downturn from Q4FY26, where the company generated ₹293.48 lakh in revenue.

The Board of Directors approved the unaudited financial results on July 28, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were prepared in accordance with Ind AS 34 and reviewed by statutory auditors S.K. Bhavsar & Co. under Standard on Review Engagement (SRE) 2410. The audit committee reviewed the results prior to board approval.

Auditor Concerns Highlight Verification Gaps

S.K. Bhavsar & Co. included an "Emphasis of Matter" paragraph in its review report, flagging significant verification gaps. The auditors noted that balances for trade receivables, trade payables, and all loans and advances were pending comprehensive verification. This includes the absence of direct confirmations from external parties such as customers, vendors, and loan counterparties, as well as incomplete reconciliation with internal ledger records.

Furthermore, the auditors stated that the company did not possess a GSTN during the audit period, necessitating alternative procedures for verifying goods sales through invoice vouching. Critically, reliable values and supporting documents for investments were not presented to the auditors, forcing reliance on management representations. While the auditors concluded these matters did not modify their opinion, they underscore potential risks regarding asset validation and working capital accuracy.

Financial Performance Snapshot

The company’s basic earnings per share (EPS) for continuing operations were negative ₹1.33 in Q1FY27, compared to positive ₹1.83 in the preceding quarter and negative ₹0.47 in the same quarter last year. Paid-up equity share capital remained unchanged at ₹40.00 lakh.

What the Numbers Show

The complete cessation of revenue generation in Q1FY27, following a robust ₹293.48 lakh revenue run in Q4FY26, suggests a significant operational pause or seasonal discontinuity. The persistence of fixed costs—specifically employee benefits and other administrative expenses—in the absence of top-line growth directly translated into a net loss. The auditor’s reliance on management representations for investment valuations adds a layer of uncertainty to the balance sheet strength, warranting close monitoring of subsequent confirmations.

Ardi Alliances Limited has shifted its registered office within Ahmedabad to a new location effective July 10, 2026. The company moved its corporate base from 1006 BVE Ek, Near Madalpur Under bridge, Near Gujarat College, Ellisbridge, to B-409, Titanium Heights, Opposite Vodafone House, Corporate Road, Prahlad Nagar, Makarba.

The decision to relocate was approved during a board meeting held on Thursday, July 9, 2026. The meeting commenced at 06:00 PM and concluded at 06:30 PM on the same day. The intimation regarding the outcome was submitted to BSE Limited in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

Address Change Details

The transition marks a change in the company's geographical footprint within the city while maintaining its operational presence in Gujarat. The new registered office is situated in the Titanium Heights building on Corporate Road.

The filing was signed by Suraj Thakor, Director, bearing DIN 11551431. The company, previously known as Ardi Investment and Trading Co Limited, continues to operate under its current identity following this administrative update.