Arur Footwear files 36th AGM notice; FY26 loss narrows to ₹58.83 lakh

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Key Highlights
  • 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
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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?

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Arur Footwear files Q1FY27 results; no financial data disclosed

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Reviewed by
Jubin VScanX News Team
Key Highlights

Arur Footwear Limited filed its Q1FY27 un-audited results with BSE on August 15, 2026, complying with SEBI Regulation 47. The filing confirms newspaper publications in Financial Express and Jansatta but discloses no financial metrics. The company, formerly SR Industries, remains listed under script code 513515.

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Arur Footwear Limited (formerly known as SR Industries Limited) has submitted its un-audited financial results for the first quarter of fiscal year 2027 (Q1FY27) to the Bombay Stock Exchange (BSE). The filing, dated August 15, 2026, covers the period ending June 30, 2026.

The submission was made in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the results were published in the newspapers ‘Financial Express’ (English) and ‘Jansatta’ (Hindi) on the same date.

Filing Details

The document is a standard regulatory notice confirming the publication of results rather than a detailed earnings release. It includes the company’s Corporate Identification Number (CIN: L29246PB1989PLC009531) and script code (513515).

Key details from the filing:

  • Company Name: Arur Footwear Limited (Formerly SR Industries Ltd.)
  • Quarter: Q1FY27 (Ended June 30, 2026)
  • Filing Date: August 15, 2026
  • Regulatory Reference: Regulation 47 of SEBI LODR Regulations, 2015
  • Status: Rehabilitated from Corporate Insolvency Resolution Process

The filing was signed by Nidhi Pathak, Company Secretary and Compliance Officer. No financial performance indicators, such as revenue, net profit, or EBITDA, were disclosed in this specific communication to the exchange.

How will the upcoming release of audited Q1FY27 financials impact Arur Footwear's stock valuation and investor confidence?

What specific operational strategies is Arur Footwear implementing to sustain its post-CIRP rehabilitation momentum in a competitive footwear market?

Are there any pending legal or regulatory obligations related to its insolvency resolution that could affect future financial reporting or corporate governance?

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