Audroc Limited has closed its trading window for equity shares effective October 1, 2026. The closure will remain in force until 48 hours after the declaration of unaudited financial results for the quarter and half-year ending September 30, 2026.

Regulatory compliance and scope

The decision was taken pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and the company's Code of Internal Procedures and Conduct for Prevention of Insider Trading in Securities. The restriction applies to all Directors, Promoters, Designated Persons, and Specified Connected Persons covered under the company's internal code.

All designated persons, including their immediate relatives, and other insiders are advised not to trade in the securities of the company during this period. This measure ensures that no sensitive price-sensitive information is acted upon before it is made public.

Upcoming board meeting

The company stated that the date of the Board Meeting for the consideration and approval of the Unaudited Financial Results will be intimated to the stock exchanges in due course. Investors should monitor official announcements for the specific date of the board meeting and the subsequent release of financial performance data.

Audroc Limited returned to profitability in the first quarter of FY27, reporting a net profit of ₹4.34 lakh for the period ended June 30, 2026. This marks a significant turnaround from the net loss of ₹41.69 lakh recorded in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹98.60 lakh, driven by the company's newly established agro-commodity trading activities following its shift from the textile sector.

The board approved the unaudited standalone financial results for the quarter, which were subject to a limited review by the statutory auditor. J.M. Patel & Bros., Chartered Accountants, issued a qualified opinion on the results, highlighting a material departure from accounting standards regarding the write-off of investments and loans. The company wrote off its investment in subsidiary M/s Vintage FZE India Private Limited, outstanding loans, and statutory tax balances aggregating to ₹7,41,13,473. These amounts were directly adjusted against the 'Quasi-Equity' or 'Deposit' account of Director Mr. Jatinbhai R. Patel, a treatment the auditor stated understates the loss and overstates equity.

In a governance change, the board approved the reclassification of Mr. Karnik Shasankan Pillai from the category of 'Promoter' to 'Professional Director', effective July 17, 2026. Mr. Pillai continues to serve as the Managing Director of the company on existing terms and conditions. The approval pertains only to the change in classification and does not affect his tenure, powers, or responsibilities.

Financial Performance

The company reported a total income of ₹98.60 lakh for the quarter, with no other income recorded. Total expenses for the period amounted to ₹94.26 lakh, including employee benefit expenses of ₹6.29 lakh and other expenses of ₹22.62 lakh. The profit before exceptional items and tax for the quarter was ₹4.34 lakh. The company did not report any tax expense for the period.

Key Metrics

Operational Updates

The auditor's report noted that the company executed agro-commodity trading, specifically 1121 Basmati Rice, during the quarter. Management declared that the company deals exclusively in exempted goods and is not liable to register for GST under Section 23 of the CGST Act, 2017. Additionally, following the NCLT-approved Resolution Plan, statutory dues have been extinguished in the company's books to the extent covered by the plan, though they may still reflect on government portals.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE061B01038/237ad183-155c-4f61-80f1-fa8a768f109b.pdf