Artemis ADR Marketplace has provided the web link to access its annual report for FY26. The company notified shareholders on August 27, 2026, that the report is available at artemisadr.com/annual-reports. This disclosure precedes the 14th Annual General Meeting (AGM) scheduled for September 21, 2026.

The notice was issued by Shrey Aggarwal, Whole-time Director, in compliance with Regulation 36(1)(b) of the SEBI LODR Regulations. Physical copies are being sent only to members without registered email IDs. Shareholders holding shares in demat mode are urged to update their KYC details with respective depository participants.

Financial Performance

Artemis ADR reported a net loss of ₹74.93 lakh for FY26, compared to a loss of ₹74.48 lakh in the previous year. Revenue from operations fell nearly 50% year-on-year to ₹37.75 lakh from ₹73.55 lakh in FY25. This decline reflects the strategic shift from trading spices and masala to an Alternate Dispute Resolution (ADR) marketplace, which commenced operations on December 15, 2025.

Other income rose significantly to ₹20.17 lakh from ₹6.39 lakh, driven primarily by interest income of ₹18.18 lakh. Total expenditure decreased to ₹107.42 lakh from ₹158.14 lakh. Exceptional items, comprising asset write-offs and loss on sale of fixed assets, totaled ₹32.89 lakh.

Corporate Governance Updates

The Board appointed Mr. Nishant Jain as the scrutinizer for the voting process. Central Depository Services (India) Limited was named the e-voting agency. The AGM agenda includes the reappointment of M/s K Singh & Associates as statutory auditors for four years until 2030 and the reappointment of Ms. Arti Chadha as a director retiring by rotation.

The meeting noted the resignation of Mr. Unni Krishnan Nair, Manager, effective August 10, 2026. Intimation regarding this change has been provided to the BSE and Registrar of Companies.

Operational Matters

The Board deliberated on the closure of the company’s current account with Axis Bank, Sector 8 branch, Chandigarh. A special resolution seeks ratification of the auditor’s certificate regarding the change of name, confirming that at least 50% of total revenue in the preceding year was derived from the new ADR business activity. Revenue from the new ADR activity stood at ₹20.00 lakh (52.98% of total revenue), while legacy spice business contributed ₹17.75 lakh.

Artemis ADR Marketplace reported a net loss of ₹74.93 lakh for the fiscal year ended March 31, 2026, widening slightly from the previous year's loss of ₹74.48 lakh. The company will hold its 14th Annual General Meeting on September 21, 2026.

Revenue from operations declined 49% year-on-year to ₹37.75 lakh as the firm exited its spice trading business to pivot toward alternate dispute resolution services. Despite the operational loss, the balance sheet strengthened significantly following a major capital raise.

Financial Performance

The company recorded a profit before tax of (₹82.37 lakh), compared to (₹78.20 lakh) in FY25. Total revenue stood at ₹57.93 lakh, driven by other income of ₹20.17 lakh, which surged from ₹6.39 lakh in the prior year. This increase was largely due to interest income on fixed deposits generated from recent fundraising activities.

Total expenditure fell to ₹107.42 lakh from ₹158.14 lakh in FY25, reflecting the cessation of inventory purchases for its former spice business. However, operating margins remained deeply negative at -217.93%, highlighting the ongoing costs associated with transitioning to a service-based model.

Capital Raise and Balance Sheet

A defining feature of the financial year was the issuance of 98.58 lakh equity warrants to Bridge India Fund. The company received ₹2,661.60 lakh (75% of the issue price) upfront, with the remaining balance payable upon exercise. This infusion boosted cash and cash equivalents to ₹2,000.00 lakh as of March 31, 2026, up from just ₹41.35 lakh in the previous year.

Consequently, the current ratio improved sharply to 116.54x from 227.44x, while net worth expanded by 281.80% to ₹3,444.84 lakh. The company also capitalized ₹584.71 lakh towards the development of its new ADR marketplace infrastructure.

Strategic Pivot and Governance

Shareholders approved the change in the company's main object clause in December 2025, shifting focus from spice trading to providing mediation, arbitration, and conciliation services. The name change from Jetmall Spices and Masala Limited was finalized in May 2026.

The AGM agenda includes the reappointment of M/s K Singh & Associates as statutory auditors for four years and the reappointment of Ms. Arti Chadha as a director retiring by rotation. The board also seeks ratification of the auditor's certificate confirming that over 50% of revenue in the preceding year derived from the new business activity.