Artemis Electricals and Projects Limited has appointed M/s Ketan Vyas & Company as its secretarial auditor for the financial year 2025-26. The appointment follows the resignation of Ms. Aakruti Somani, effective May 30, 2026. The Board of Directors approved the changes during a meeting held on the same day, based on the recommendation of the Audit Committee.

Ms. Aakruti Somani resigned due to other professional commitments, citing the extensive scope and complexity of the assignment. She confirmed there were no other material reasons for her resignation and expressed no objection to the appointment of a replacement. The resignation was communicated via a letter dated May 30, 2026.

The newly appointed firm, M/s Ketan Vyas & Company, is a professionally managed firm of Company Secretaries based in Indore, Madhya Pradesh. The firm holds a Peer Review No. 6867/2025 and specializes in corporate compliance, secretarial audits, and regulatory approvals. Mr. Ketan Vyas, a Fellow Member of ICSI, leads the firm with over eight years of experience in secretarial practice and legal compliance.

The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references specific SEBI circulars dated July 13, 2023, November 11, 2024, and December 31, 2024.

Details of Auditor Change

Artemis Electricals and Projects Limited reported a 15% increase in consolidated net profit to ₹870.93 lakh for the financial year ended March 31, 2026, compared to ₹755.98 lakh in the previous year. Revenue from operations for the year rose to ₹8,056.02 lakh from ₹7,234.77 lakh in FY25. The company's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The statutory auditor, Agarwal Tibrewal & Co, issued an unmodified opinion on the financial results.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a consolidated net profit of ₹305.82 lakh, up from ₹80.05 lakh in the preceding quarter ended December 31, 2025. Total income for Q4FY26 stood at ₹4,102.29 lakh, significantly higher than ₹431.30 lakh in the previous quarter. The board also approved a dividend of ₹0.35 per share for the fiscal year.

The auditor's report highlighted an emphasis of matter regarding the company's contract with related party Electroforce (India) Private Limited for a Lithium-ion battery plant. The management envisages commissioning this plant by March 2027. Additionally, the auditor noted that manufacturing activities at the factory premises were closed or negligible, though minimal activities have commenced as the management focuses on projects.

Key Financial Metrics

The standalone financial results showed a net profit of ₹885.57 lakh for FY26, compared to ₹768.50 lakh in the previous year. The company's cash and cash equivalents as of March 31, 2026, stood at ₹1,440.41 lakh in standalone accounts and ₹1,441.13 lakh in consolidated accounts. The trading window for directors and designated persons will remain closed until 48 hours after the submission of the results.

Publication Notice

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the newspaper advertisements pertaining to the standalone and consolidated audited financial results in English and Marathi newspapers on May 29, 2026. The advertisements were published in the Free Press Journal (English) and Navshakti (Marathi). The copies are also available on the company's website.