Arur Footwear files 36th AGM notice; FY26 loss narrows to ₹58.83 lakh
- Arur Footwear reports FY26 net loss of ₹58.83 lakh, down from ₹86.64 lakh in FY25
- Revenue from operations initiated at ₹1.50 lakh, up from nil in previous year
- 36th AGM scheduled for September 26, 2026, to approve director appointments and MOA changes
- Company proposes shifting registered office from Punjab to Himachal Pradesh
- Trading remains suspended pending BSE approval for post-CIRP share allotment

*this image is generated using AI for illustrative purposes only.
Arur Footwear Limited (formerly S R Industries Limited) has submitted its Annual Report for FY26 and issued the notice for its 36th Annual General Meeting (AGM). The meeting is scheduled for Saturday, September 26, 2026, at 12:30 pm in Mohali. The filing marks the company’s first full operational year under new management following its emergence from the Corporate Insolvency Resolution Process (CIRP).
Financial Performance: Loss Narrows
The company reported a net loss of ₹58.83 lakh for FY26, an improvement from the ₹86.64 lakh loss recorded in FY25. This reduction was driven by the commencement of revenue-generating activities, with revenue from operations standing at ₹1.50 lakh compared to nil in the previous year. Total income rose to ₹9.96 lakh from ₹0.84 lakh, primarily supported by other income of ₹8.46 lakh. However, finance costs increased significantly to ₹12.03 lakh from ₹2.14 lakh, reflecting higher borrowing costs during the revival phase.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹1.50 lakh | ₹0.00 lakh | New |
| Other Income | ₹8.46 lakh | ₹0.84 lakh | +907.1% |
| Finance Costs | ₹12.03 lakh | ₹2.14 lakh | +462.1% |
| Net Loss | ₹58.83 lakh | ₹86.64 lakh | -32.2% |
Key AGM Agenda Items
The AGM will transact several ordinary and special business items critical to the company’s governance and structural alignment:
- Director Appointments: Shareholders will vote on the reappointment of Mr. Manish Kumar Gupta, who retires by rotation. Additionally, the appointment of Mr. Mayank Ahuja as an Executive Director, effective from May 28, 2026, requires shareholder approval. Mr. Ahuja brings experience in international FMCG and consumer sectors.
- Shifting Registered Office: A special resolution will be proposed to shift the registered office from Punjab to Himachal Pradesh. The new location at Village Singha, Una district, aligns with the company’s manufacturing facility, aiming to improve administrative coordination.
- MOA Alignment: Another special resolution seeks to align the Object Clause of the Memorandum of Association with Schedule I, Table A of the Companies Act, 2013, deleting obsolete "Other Objects" clauses.
Operational Updates & Brand Launches
FY26 marked the stabilization phase post-CIRP. The company launched "Pacalop," a Direct-to-Consumer (D2C) footwear brand targeting youth, available on Amazon and Flipkart. It received positive initial feedback in Tier 1 and Tier 2 cities. Two other brands are in development: "Arur," a premium sneaker brand, and "Navo," a school footwear brand, both currently in prototyping stages.
Listing Status & Corporate Actions
Trading in Arur Footwear’s equity shares remains suspended on BSE Limited. While the company completed the allotment of 1,96,73,500 equity shares as per the NCLT-approved Resolution Plan, the credit of these shares to demat accounts is pending BSE listing approval. Consequently, e-voting is not feasible for this AGM, and voting will be conducted via physical ballot papers only. The company has filed an application with the NCLT seeking clarifications on certain aspects of the resolution plan to expedite listing approvals.
What specific operational milestones must Arur Footwear achieve to secure BSE listing approval and resume trading of its equity shares?
How will the shift of the registered office to Himachal Pradesh impact the company's tax liabilities and administrative efficiency in the coming fiscal year?
Given the significant rise in finance costs, what is the management's strategy to reduce borrowing expenses as the company scales its revenue from operations?





























