Arex Industries Limited has rectified a clerical error in its standalone audited financial results for the quarter and year ended March 31, 2026. The company notified the Bombay Stock Exchange on July 29, 2026, stating that the mistake was identified in the Other Comprehensive Income (After Tax) and Total Comprehensive Income line items of the results originally uploaded on May 21, 2026. Statutory auditors Sweta Patel & Associates confirmed that the correction does not alter any other financial figures, including net profit, revenue, or balance sheet items.

The filing, made pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, clarifies that the error was purely clerical. There is no change in the reported net profit or loss for the period. The Board of Directors, led by Managing Director Neel Bilgi, approved the rectified statement to ensure accurate dissemination of financial information to stakeholders.

Financial Performance Overview

For the year ended March 31, 2026, Arex Industries reported a net profit of ₹148.15 lakh, down from ₹263.41 lakh in the previous fiscal year. Revenue from operations stood at ₹4,963.74 lakh, compared to ₹5,114.11 lakh in FY25. In the fourth quarter of FY26, the company recorded a net loss of ₹2.59 lakh, contrasting with a net profit of ₹25.75 lakh in the same quarter last year.

Dividend Recommendation

The Board recommended a final dividend of ₹2.50 per equity share (25%) for the financial year ended March 31, 2026. This recommendation is subject to shareholder approval at the upcoming Annual General Meeting. If approved, the dividend will be paid within the statutory time limit.

What the Numbers Show

The company’s total comprehensive income for FY26 was corrected to ₹137.28 lakh, down from ₹263.41 lakh in FY25. This decline is driven by a negative Other Comprehensive Income (OCI) of ₹(14.54) lakh in FY26, compared to nil in the previous year. The OCI component includes items that will not be reclassified to profit or loss, adjusted for an income tax impact of ₹3.66 lakh. Despite the drop in comprehensive income, the core operational profitability remains positive, with profit before tax at ₹191.88 lakh for the full year.

Arex Industries Ltd. has confirmed full compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the financial year ended March 31, 2026. The Annual Secretarial Compliance Report, issued by M/s. Preyansh Shah & Associates, validates the company's adherence to regulatory requirements during the review period.

The report examined documents, records, and filings submitted by Arex Industries to BSE Limited. It assessed compliance with various SEBI regulations, including those concerning insider trading, depositories, and substantial acquisition of shares. The audit confirmed that the listed entity has complied with all applicable provisions and circulars.

Compliance Status

The practicing company secretary reported a clean compliance record across key operational areas. The company maintained all applicable policies approved by its board of directors and ensured these were reviewed and updated in line with SEBI guidelines. The entity also preserved records as prescribed under SEBI regulations and followed its own archival policy.

Governance and Disclosures

The report noted that Arex Industries conducted performance evaluations of its Board, Independent Directors, and Committees as prescribed. All related party transactions during the period under review received prior approval from the Audit Committee. The company also ensured timely dissemination of required disclosures under Regulation 30 of the SEBI LODR Regulations.

No actions were taken against the listed entity, its promoters, or directors by SEBI or stock exchanges during the financial year. The report further confirmed that the company does not have any subsidiary companies, making certain disclosure requirements regarding subsidiaries not applicable.

The audit was conducted in accordance with the Guidance Note on Annual Secretarial Compliance Report issued by the Institute of Company Secretaries of India. M/s. Preyansh Shah & Associates clarified that the report is solely for compliance purposes and does not constitute an audit or an opinion on the financial records of the company.