Arihant Institute Limited reported a 23% year-on-year increase in net profit to ₹1.89 lakh for FY26. The education services provider saw its revenue from operations grow 43% to ₹6.14 lakh, driven by improved cost management and lower finance expenses.

The Ahmedabad-based company’s 19th Annual General Meeting is scheduled for September 30, 2026. While operational metrics improved, the filing highlights significant regulatory compliance gaps, including delayed statutory filings and substantial unpaid tax liabilities.

Financial Performance

Revenue from operations rose to ₹6.14 lakh in FY26 from ₹4.30 lakh in the previous year. This growth occurred despite a sharp decline in other income, which fell to ₹1.21 lakh from ₹5.19 lakh in FY25.

Total expenses contracted significantly to ₹5.91 lakh from ₹8.25 lakh in FY25. This reduction was primarily driven by a drop in employee benefit expenses, which fell to zero from ₹1.55 lakh in the prior year, and lower finance costs.

Profit before tax increased to ₹1.44 lakh from ₹1.23 lakh. The net profit improvement was further aided by a higher deferred tax benefit of ₹45,130 compared to ₹31,122 in the previous year.

Compliance and Regulatory Issues

Despite the operational turnaround, the statutory auditor, M/s Devadiya & Associates, flagged serious compliance failures. The company has not regularly deposited undisputed statutory dues, including GST, TDS, and income tax.

As of March 31, 2026, outstanding undisputed dues included:

• Income Tax: ₹24.62 lakh
• GST Payable: ₹3.54 lakh
• TDS Payable: ₹3.27 lakh
• Provident Fund: ₹64,164

The secretarial audit report noted multiple delays in SEBI LODR filings, including shareholding patterns, financial results, and voting results. The company also failed to appoint a qualified Company Secretary within the stipulated timeline following a vacancy.

Corporate Governance Updates

Mr. Vinodray Keshavlal Kamdar, a Non-Executive Director, ceased to hold office upon his demise on August 28, 2026. The Board recommended his replacement during the upcoming AGM.

The Board also proposed the reappointment of Mr. Sandip Manna as a director retiring by rotation. Additionally, M/s Devadiya & Associates was recommended for reappointment as Statutory Auditors for a second five-year term ending March 2031.

What the Numbers Show

The divergence between operating revenue growth and total revenue decline reveals a shift in income composition. While core coaching revenue grew 43%, the collapse in other income (down 77%) indicates that non-operating gains no longer sustain top-line figures. The simultaneous drop in employee costs to zero suggests a potential restructuring or reliance on non-salaried faculty, warranting closer scrutiny of future sustainability.

Arihant Institute Limited has scheduled its 19th Annual General Meeting for September 30, 2026. The company’s Board of Directors approved the notice and directors' report for the fiscal year ended March 31, 2026.

The board held its meeting on September 8, 2026, in Ahmedabad. Key decisions included setting the record date for voting eligibility and appointing a scrutinizer for the process.

Key Resolutions

The board approved the following matters during the session:

• Convening the 19th AGM on September 30, 2026, at 11:00 am at the registered office.
• Approving the notice and directors' report along with annexures for the year ended March 31, 2026.
• Setting September 23, 2026, as the cut-off date for members entitled to vote via remote e-voting.
• Appointing CS Shreyas Chandrakant Athavale as the scrutinizer for remote e-voting and voting at the AGM.

Auditor Re-appointment

The board recommended the re-appointment of M/s. Devadiya & Associates, Chartered Accountants (Firm Registration No. 0123045W), as the statutory auditors. This appointment is for a term of five consecutive years, subject to member approval at the upcoming AGM.

E-Voting Details

Remote e-voting will commence on September 27, 2026, at 9:00 am and conclude on September 29, 2026, at 5:00 pm. Members must be recorded as of September 23, 2026, to participate.