Addi industries announced its unaudited quarterly results for the quarter ended December 31, 2025, alongside several key management appointments approved by the Board of Directors on February 13, 2026. The board meeting commenced at 4:30 PM (IST) and concluded at 5:30 PM (IST), addressing critical governance and financial matters.

Financial Performance for Q3FY26

The company delivered steady financial results for the quarter ended December 31, 2025. On a standalone basis, Addi Industries reported total income of ₹130.20 lakh, comprising entirely of other income as the company currently has no revenue from operations.

For the nine months ended December 31, 2025, the company achieved standalone net profit of ₹192.29 lakh and consolidated profit of ₹201.13 lakh, demonstrating consistent performance across the period.

Key Management Appointments

The Board approved three significant appointments to strengthen the company's governance structure:

Company Secretary Appointment

Mr. Amandeep brings hands-on experience in corporate secretarial functions and regulatory compliance under the Companies Act, 2013, and SEBI Regulations. His expertise includes board meeting management, statutory filings, and coordination with regulatory authorities.

Auditor Appointments

The company appointed new auditors to fill casual vacancies:

M/s Rawal & Co. is a renowned firm with over 10 years of professional experience in corporate governance and compliance services. M/s Garg B. Mohan & Co., established in 1997, offers comprehensive professional services including audit, management consultancy, and tax advisory.

Corporate Restructuring Impact

The company underwent significant restructuring during the quarter pursuant to a Share Purchase Agreement. An acquirer obtained 8018175 equity shares representing 74.27% of the paid-up equity share capital on December 17, 2025, resulting in a change of control and management. However, this restructuring had no impact on the carrying value of assets and liabilities as at the balance sheet date.

Business Outlook and Going Concern

The auditors noted that the company is exploring modalities to start new business ventures, though implementation has not yet begun. Despite this material uncertainty, management maintains that the going concern basis of accounting remains appropriate given future business opportunities. The Board expressed optimism about achieving better working results in the future.

Addi Industries Limited has completed a comprehensive shareholding reclassification process, transitioning ownership from its erstwhile promoter group to new acquirers. The company filed the mandatory disclosure with BSE Limited on February 11, 2026, under Regulation 31A(10) of SEBI Listing Regulations.

Share Transfer Details

The reclassification centers around the transfer of 80,18,175 equity shares executed through a Share Purchase Agreement dated May 20, 2025. The transaction involved six sellers from the erstwhile promoter group transferring their holdings to a new acquirer group.

Reclassification Matrix

The ownership restructuring involves twelve parties, with a complete reversal of promoter and public categorizations:

Former Promoters Moving to Public Category:

New Promoter Group Members:

Regulatory Compliance

The transaction complies with SEBI regulations governing substantial acquisition of shares and takeovers. The reclassification follows the open offer provisions under Regulation 3(1) and Regulation 4 of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Director Sandeep Mittal, who is part of the new promoter group, signed the disclosure document with DIN 00225089. The company has requested BSE Limited to update its records reflecting the new ownership structure.

Corporate Impact

This reclassification represents a complete transformation of Addi Industries' ownership structure, with the entire erstwhile promoter group exiting their controlling positions while a new group assumes promoter responsibilities. The transaction maintains regulatory compliance while facilitating a smooth ownership transition through established SEBI frameworks.