Artemis ADR Reports FY26 Loss, Files Revised Outcome
Artemis ADR Marketplace Limited, formerly Jetmall Spices and Masala Limited, reported a net loss of ₹28.76 lakh for the half-year ended March 31, 2026. The company filed a revised board meeting outcome to correct signature errors in its earlier financial results submission. The auditors issued an unmodified opinion on the standalone financial results.
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Artemis ADR Marketplace Limited has reported a net loss of ₹28.76 lakh for the half-year ended March 31, 2026, under its new corporate identity. The company, formerly known as Jetmall Spices and Masala Limited, filed a revised outcome for its board meeting held on May 13, 2026, to correct signature errors in the initial submission of audited standalone financial results.
Revised Board Meeting Outcome
The company submitted a revised filing to BSE Limited addressing an error where the standalone financial results were not signed by an authorized director. The revised document, signed by Shrey Aggarwal, Whole Time Director, replaces the earlier filing. The board meeting, originally convened on May 13, 2026, had approved the audited standalone financial results for the half-year and year ended March 31, 2026, along with the declaration of an unmodified opinion by the auditors.
Financial Performance for Half-Year Ended March 31, 2026
The company reported a total income of ₹20.00 lakh for the half-year ended March 31, 2026, compared to ₹21.10 lakh in the corresponding period of the previous year. Total expenses for the period stood at ₹48.75 lakh, resulting in a net loss of ₹28.76 lakh. In the previous year, the company had reported a net loss of ₹32.43 lakh for the same period.
| Parameter | Half Year Ended 31.03.2026 (Audited) | Half Year Ended 30.09.2025 (Unaudited) |
|---|---|---|
| Total Income | ₹20.00 | ₹21.10 |
| Total Expenses | ₹48.75 | ₹53.53 |
| Net Profit/(Loss) | (₹28.76) | (₹32.43) |
| Earnings Per Share (Basic) | (₹0.48) | (₹0.54) |
Annual Results and Assets
For the full year ended March 31, 2026, the company reported a net loss of ₹28.76 lakh on a total income of ₹20.00 lakh. The statement of assets and liabilities as of March 31, 2026, showed total assets of ₹3,512.55 lakh, comprising non-current assets of ₹635.32 lakh and current assets of ₹2,877.22 lakh. Cash and cash equivalents increased significantly to ₹2,000.00 lakh as of March 31, 2026, from ₹41.35 lakh in the previous year, primarily due to proceeds from share warrants and securities premium.
Auditor's Opinion
M/s K. Singh & Associates, Statutory Auditors, issued an unmodified opinion on the standalone financial results for the half-year and year ended March 31, 2026. The audit confirmed that the results give a true and fair view of the company's financial performance in conformity with applicable accounting standards.
How will Artemis ADR Marketplace Limited deploy the remaining ₹884 lakhs allocated for sales and marketing activities, and what timeline can investors expect for revenue generation from the ADR business?
Given the company's persistent net losses across both Spices and ADR segments in FY26, what specific milestones or profitability targets has management set for the ADR marketplace business to justify the ₹35 crore preferential issue?
Will the 25% balance consideration from warrant holders (~₹8.87 crore) be exercised within the 18-month window, and what happens to the company's capital structure and growth plans if warrant holders choose not to convert?
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