avatar industries has announced the regularization of Richa Rathod as Managing Director, subject to approval by members, following a Board meeting on June 17, 2026. The company also initiated the process to migrate its equity shares from the NSE SME Platform (NSE-EMERGE) to the Main Board of the National Stock Exchange, pending regulatory and shareholder clearances. These governance updates come after the firm reported a consolidated revenue of ₹10,287.38 Lakhs and a net profit of ₹137.32 Lakhs for FY26.

The Board approved the appointment of M/s. Nagadheep Sathyanarayana and Co., Chartered Accountants, as the new Statutory Auditors, also subject to member approval. To facilitate these strategic decisions, the Board has approved a Postal Ballot Notice. M/s. Hemang Satra & Associates, Company Secretaries, has been appointed as the Scrutinizer to oversee the voting process.

Shareholder Voting Schedule

The E-voting period for the Postal Ballot will commence on June 22, 2026, at 09:00 A.M. and conclude on July 21, 2026, at 05:00 P.M. The cut-off date for determining shareholder eligibility is June 12, 2026.

Key Governance Approvals

Avatar Industries Limited, formerly known as ASL Industries Limited, focuses on artificial intelligence, software solutions, and digital infrastructure. The company stated that these structural changes are designed to ensure enhanced compliance and operational maturity suitable for the Main Board.

Avatar Industries reported a consolidated net profit of ₹37.32 Lakhs for the financial year ended March 31, 2026, reflecting a 336% year-on-year increase from ₹8.56 Lakhs in FY25. This growth was driven by a significant scale-up in business activity, with revenue from operations reaching ₹10,287.38 Lakhs for the full year compared to negligible operational revenue in the previous year. The company’s consolidated total income surged to ₹10,354.97 Lakhs, registering a 28,414% year-on-year growth from ₹36.32 Lakhs in the prior year.

The March 2026 quarter marked a major acceleration in operational performance, with revenue from operations for Q4 FY26 standing at ₹10,287.38 Lakhs. Consolidated total income for the quarter rose to ₹10,321.18 Lakhs, compared to ₹0.16 Lakhs in the corresponding quarter of the previous year. The company reported a consolidated net profit of ₹11.73 Lakhs in Q4 FY26, reversing a net loss of ₹2.56 Lakhs reported during Q4 FY25.

On a sequential basis, consolidated total income increased significantly from ₹33.79 Lakhs in Q3 FY26 to ₹10,321.18 Lakhs in Q4 FY26. This sharp increase reflects substantial operational momentum and improving business traction during the final quarter of the financial year.

The standalone financial results also showed strong growth. Total income for FY26 stood at ₹67.58 Lakhs, an 86% year-on-year increase from ₹36.32 Lakhs in FY25. Standalone net profit for the year reached ₹43.33 Lakhs, compared to ₹8.56 Lakhs in the previous financial year, representing a 406% year-on-year growth. For Q4 FY26, standalone total income was ₹33.79 Lakhs, with a net profit of ₹17.74 Lakhs against a net loss of ₹2.56 Lakhs in the same quarter of the prior year.

Financial Performance Summary

Avatar Industries Limited intends to strengthen its focus on the EdTech sector by exploring scalable digital education platforms and technology-enabled learning solutions. The company believes that increasing digital adoption and demand for accessible learning solutions will create significant growth opportunities in the coming years. Richa Rathod, Managing Director, stated that the company witnessed a significant improvement in operational performance during FY26 while continuing to strengthen its long-term strategic focus on technology-driven and scalable business opportunities.