Aten Papers & Foam Limited reported a net profit of ₹511.87 lakh for the year ended March 31, 2026, a 60.2% increase from ₹319.48 lakh in the previous year. Revenue from operations surged to ₹11,989.68 lakh from ₹8,051.77 lakh in FY25. The board approved the audited financial results for the half-year and year ended March 31, 2026, at a meeting held on May 30, 2026, at the company's registered office in Ahmedabad.

The statutory auditors, M/s. Alvi & Associates, issued an unmodified opinion on the financial results. The company reported that there were no investor complaints pending as of March 31, 2026. The earnings per share (EPS) for the year was 5.16, up from 4.56 in the previous year.

Auditor Appointments

The board appointed M/s. Gaurav Bachani & Associates as Secretarial Auditor for the financial year 2025-26. Additionally, M/s. Reehan Memon & Associates were appointed as Internal Auditor for the financial year 2026-27.

Financial Performance

The company also filed a statement of deviations for the proceeds of its Initial Public Offering, confirming no deviation in the utilization of funds raised. The IPO proceeds of ₹3,168.00 lakh were utilized for working capital, general corporate purposes, capital expenditure, and issue-related expenses.

Aten Papers & Foam Limited has officially confirmed to BSE Limited that it does not qualify as a Large Corporate under the Securities and Exchange Board of India (SEBI) regulatory framework. The disclosure was submitted on April 30, 2026, by Managing Director Mohamedarif Mohamedibrahim Lakhani.

Regulatory Compliance Declaration

The company's notification references SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, as amended by circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. These circulars establish the framework for fund raising through debt securities by Large Corporates and define the applicability criteria for such classification.

Financial Position Details

The company provided specific financial information to support its non-Large Corporate status:

Compliance Framework

The SEBI framework for Large Corporates includes specific criteria related to borrowing thresholds and credit ratings. Companies that do not meet these criteria are required to submit formal disclosures confirming their non-applicability status. Aten Papers & Foam Limited's outstanding borrowings of ₹4,72,731.56 as of March 31, 2026, indicate that the company falls below the regulatory thresholds established under the SEBI circulars.

Corporate Governance

The disclosure was digitally signed by Managing Director Mohamedarif Mohamedibrahim Lakhani (DIN: 01476177) and submitted to BSE Limited for official record-keeping. The company operates under the security code 544417 on BSE and maintains compliance with all applicable regulatory requirements under the SEBI framework.