Atharv Enterprises Completes Newspaper Publication of Postal Ballot Notice

1 min read     Updated on 01 Apr 2026, 12:25 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Atharv Enterprises Limited has fulfilled regulatory compliance by publishing its postal ballot notice dated March 30, 2026, in Active Times (English) and Mumbai Lakshadeep (Marathi) newspapers. The company informed BSE Limited about this publication under Regulation 47(3) requirements, with the e-voting process for statutory auditor appointment continuing from April 1-30, 2026.

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Atharv Enterprises Limited has completed the newspaper publication of its postal ballot notice dated March 30, 2026, following regulatory compliance requirements under SEBI regulations. The company informed BSE Limited about the publication in newspapers as part of the statutory auditor appointment process.

Newspaper Publication Compliance

The company has fulfilled its obligation under Regulation 47(3) read with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, by publishing the postal ballot notice in newspapers:

Publication Details: Information
English Newspaper: Active Times
Regional Newspaper: Mumbai Lakshadeep (Marathi)
Notice Date: March 30, 2026
Intimation Date: March 31, 2026
Signatory: Pramod Kumar Gadiya, Managing Director
DIN: 02258245

Postal Ballot Process Timeline

The postal ballot seeks shareholder approval for statutory auditor appointment following the earlier board meeting held on March 26, 2026. National Securities Depository Limited (NSDL) provides the e-voting facility for member participation:

E-voting Schedule: Details
E-voting Start: April 1, 2026 at 9:00 a.m. (IST)
E-voting End: April 30, 2026 at 5:00 p.m. (IST)
Cut-off Date: March 27, 2026
Results Declaration: On or before May 2, 2026
Service Provider: National Securities Depository Limited (NSDL)
Scrutinizer: M/s. Nidhi Bajaj & Associates

Statutory Auditor Appointment Details

The postal ballot resolution seeks approval for appointing M/s. SHWETA JAIN & CO LLP as statutory auditors to fill the casual vacancy caused by the resignation of J Singh & Associates on January 21, 2026:

Auditor Information: Details
Proposed Auditor: M/s. SHWETA JAIN & CO LLP
Firm Registration: 127673W/W101149
Appointment Period: February 3, 2026 to 36th AGM conclusion
Proposed Fees: INR One Lakh per annum plus taxes
Resolution Type: Ordinary Resolution

Regulatory Framework

The newspaper publication completes the mandatory disclosure requirements under SEBI regulations. Managing Director Pramod Kumar Gadiya digitally signed the intimation letter to BSE Limited, confirming compliance with listing obligations. Shareholders holding shares as on the cut-off date of March 27, 2026, remain eligible to participate in the e-voting process through the established electronic framework.

Historical Stock Returns for Atharv Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+2.63%-2.01%+5.41%+34.95%+457.14%

What factors led to J Singh & Associates' resignation as statutory auditors, and could similar issues affect the new appointment?

How might the change in auditors impact Atharv Enterprises' upcoming financial reporting and compliance timelines?

Will the proposed audit fee of INR One Lakh per annum be sufficient for thorough auditing given the company's current business scale?

Atharv Enterprises Limited Reports Q3FY26 Financial Results

2 min read     Updated on 11 Feb 2026, 04:58 PM
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AI Summary

Atharv Enterprises Limited reported Q3FY26 results with revenue from operations of 18.12 lacs and net profit of 4.67 lacs for the quarter ended December 31, 2025. Total revenue reached 84.26 lacs including other income of 66.14 lacs. For the nine-month period, the company achieved total revenue of 250.55 lacs and net profit of 13.61 lacs, showing steady performance compared to the previous year.

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Atharv Enterprises Limited has announced its unaudited standalone financial results for the third quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 11, 2026, in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company's financial performance for Q3FY26 showed steady growth across key metrics. Revenue from operations reached 18.12 lacs for the quarter, while other income contributed 66.14 lacs, bringing total revenue to 84.26 lacs.

Metric Q3FY26 Q3FY25 Nine Months FY26 Nine Months FY25
Revenue from Operations 18.12 lacs - 46.4 lacs 26.65 lacs
Other Income 66.14 lacs 60.00 lacs 204.15 lacs 174.04 lacs
Total Revenue 84.26 lacs 60.00 lacs 250.55 lacs 200.69 lacs
Net Profit 4.67 lacs 4.05 lacs 13.61 lacs 13.12 lacs

Expense Analysis

Total expenses for Q3FY26 amounted to 78.03 lacs compared to 54.60 lacs in the corresponding quarter of the previous year. The major expense components included employee benefits expense of 38.28 lacs, other expenses of 18.45 lacs, and purchases of stock-in-trade of 15.47 lacs.

Expense Category Q3FY26 Q3FY25
Employee Benefits 38.28 lacs 28.37 lacs
Other Expenses 18.45 lacs 24.60 lacs
Purchases of Stock-in-Trade 15.47 lacs -
Depreciation & Amortisation 3.49 lacs 1.18 lacs
Finance Costs 1.16 lacs 0.45 lacs

Nine-Month Performance

For the nine-month period ended December 31, 2025, Atharv Enterprises demonstrated consistent performance with total revenue of 250.55 lacs against 200.69 lacs in the corresponding period of the previous year. Net profit for the nine-month period stood at 13.61 lacs compared to 13.12 lacs in the previous year.

Regulatory Compliance and Audit

The financial results have been subject to limited review by the company's statutory auditors, Shweta Jain & Co LLP, Chartered Accountants. The auditors confirmed that nothing came to their attention that would cause them to believe the financial statements contain material misstatements or fail to comply with applicable accounting standards.

Business Operations

According to the financial statements, the company operates in one reportable segment - knitting job work, as per IND AS 108 Operating Segment requirements. The Board meeting commenced at 3:00 PM and concluded at 4:15 PM on February 11, 2026, where Managing Director Pramod Kumar Gadiya presented the results.

Historical Stock Returns for Atharv Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+2.63%-2.01%+5.41%+34.95%+457.14%

More News on Atharv Enterprises

1 Year Returns:+34.95%