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.

Artemis Electricals and Projects Limited (formerly known as Artemis Electricals Limited) has issued a Postal Ballot Notice dated May 05, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Subsequently, the company filed a disclosure on May 07, 2026, under Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosing copies of the newspaper advertisement of the Postal Ballot Notice and Remote E-Voting published in the Free Press Journal (English) and Navshakti (Marathi). The notice seeks member approval on three special resolutions through remote e-voting, with the cut-off date for determining eligible members set as Friday, May 01, 2026. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the e-voting process.

E-Voting Schedule and Process

The remote e-voting window for all eligible members is scheduled as follows:

The Postal Ballot Notice has been sent electronically to all members whose email addresses are registered with the company or depositories as on the cut-off date. The notice and results will be made available on the company's website at www.artemiselectricals.com , on the CDSL website, and on the stock exchange portals of BSE Limited and National Stock Exchange of India Limited.

Special Resolutions Proposed

The postal ballot covers three special resolutions for member consideration:

Item No. 1: Regularization of Mr. Dharmendra Kumar Jain as Non-Executive Independent Director

The Board of Directors, on the recommendation of the Nomination and Remuneration Committee, appointed Mr. Dharmendra Kumar Jain (DIN: 07064211) as an Additional Director in the capacity of Independent Director with effect from February 03, 2026. Members are now being asked to regularize this appointment for a first term of five consecutive years from February 03, 2026 to February 02, 2031. Mr. Jain is a qualified Chartered Accountant with expertise spanning statutory audit, tax matters, corporate compliance, and management accounting. He currently serves as Chairperson of the Audit Committee and as a Member of the Nomination and Remuneration Committee and Stakeholder Relationship Committee of the company.

Item No. 2: Regularization of Mrs. Dhruti Harsh Satia as Non-Executive Independent (Woman) Director

The Board of Directors, on the recommendation of the Nomination and Remuneration Committee, appointed Mrs. Dhruti Harsh Satia (DIN: 11670095) as an Additional Director in the capacity of Independent (Woman) Director with effect from April 20, 2026. Members are being asked to regularize this appointment for a first term of five consecutive years from April 20, 2026 to April 19, 2031. Mrs. Satia is an Associate Member of the Institute of Company Secretaries of India (ICSI) since 2015 and holds a Bachelor's degree in Commerce from Mumbai University. She has prior experience as Company Secretary of Mercury Trade Links Limited and currently holds directorships in Garuda Construction and Engineering Limited, Electro Force (India) Limited, and PKH Ventures Limited.

Item No. 3: Extension of Timeline for Sale of Property Under Section 180(1)(a)

Members had previously approved, through a postal ballot dated March 07, 2026, the sale/transfer/disposal of the immovable property located at 201, A Wing, Fortune 2000, C-3 Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, to Mr. Pravin Kumar Brijendra Kumar Agarwal, Promoter of the Company. The company is now seeking approval to extend the completion timeline for this transaction by six (6) months from the original approved timeline. This extension is necessitated by the pending approval from the Mumbai Metropolitan Region Development Authority (MMRDA), which is required for the completion of the transaction and is currently under process. All other terms and conditions approved under the March 07, 2026 postal ballot resolution remain unchanged.

Director Profiles at a Glance

The following table summarizes the key details of the two directors proposed for regularization:

The resolutions, if approved by the requisite majority, shall be deemed to have been passed on the last date of e-voting, i.e., Saturday, June 06, 2026. The Scrutinizer's report will be submitted to the Chairman of the Company, and results will be communicated to the stock exchanges and posted on the company's website. The notice has been signed by Shivkumar Chhangur Singh, Whole-time Director and CFO (DIN: 07203370), on behalf of the Board of Directors, from Thane, dated May 05, 2026.