Artemis ADR Marketplace approved the notice for its 14th Annual General Meeting on August 27, 2026. The Board fixed September 14, 2026 as the cut-off date for shareholder eligibility to vote.

The meeting also focused on operational housekeeping, including a review of outstanding receivables. Directors considered measures for reconciliation and recovery of these dues.

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 to facilitate remote and in-person voting at the AGM.

The meeting noted the resignation of Mr. Unni Krishnan Nair, Manager of the company. His resignation took effect from August 10, 2026. Intimation regarding this change has already 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. Other general corporate matters were discussed and necessary resolutions were passed.

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.