Artemis Electricals and Projects Limited announced its unaudited financial results for the third quarter of FY26 ended December 31, 2025. The Board of Directors approved both standalone and consolidated financial results during their meeting held on February 12, 2026.

Board Meeting and Regulatory Compliance

The Board of Directors meeting commenced at 2:00 PM and concluded at 2:25 PM on February 12, 2026. The meeting was conducted pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed and recommended by the Audit Committee before board approval.

Financial Performance Overview

The company reported mixed results for Q3 FY26 with significant changes in key financial metrics compared to the previous year.

Nine Months Performance

For the nine months ended December 31, 2025, the company demonstrated stronger performance with improved profitability.

Operational Highlights

The company's cost structure showed notable variations during the quarter. Cost of material consumed increased to ₹247.18 lakhs in Q3 FY26 versus ₹207.53 lakhs in Q3 FY25. Direct expenses decreased significantly to ₹21.05 lakhs compared to ₹1,200.13 lakhs in the previous year quarter.

Strategic Developments

The company continues to focus on its lithium-ion battery plant project. Artemis Electricals has entered into a contract with related party Electroforce (India) Private Limited for supplying and commissioning the battery plant at its Vasai facility. The management expects commissioning of this lithium-ion plant by March 2027. Manufacturing activities at the factory premises remain minimal as the company prioritizes projects and project-related works.

Consolidated Results

The consolidated financial results include subsidiary Artemis Opto Electronic Technologies Private Limited. Consolidated net profit for Q3 FY26 stood at ₹80.05 lakhs compared to ₹261.80 lakhs in Q3 FY25. For nine months FY26, consolidated net profit reached ₹565.11 lakhs against ₹371.20 lakhs in the corresponding period last year.

Artemis Electricals and Projects Limited has announced the completion of tenure of its Independent Director Mr. Krishnakumar Laxman Bangera, effective November 30, 2025. The company's Board of Directors acknowledged this development during their meeting held on December 29, 2025, in compliance with regulatory disclosure requirements.

Director Tenure Completion Details

Mr. Krishnakumar Laxman Bangera (DIN: 02082675) completed his second term as Independent Director in accordance with Section 149 of the Companies Act, 2013, and applicable SEBI Listing Regulations. The cessation became effective from the close of business hours on November 30, 2025.

Regulatory Compliance and Confirmation

The outgoing director has provided written confirmation that the completion of his tenure is the sole reason for cessation, with no other material reasons to be reported. This confirmation aligns with the requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has fulfilled all disclosure obligations as mandated under Regulation 30(6) read with Para A-(7) of Part A of Schedule III of the SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoDZ/CIR/P/0155 dated November 11, 2024.

Other Directorships and Committee Positions

Mr. Bangera continues to hold Independent Director positions in other listed entities. His current directorships include:

• Garuda Construction and Engineering Limited - Independent Director
• Electro Force (India) Limited - Independent Director

He serves on multiple board committees across these entities, including Audit Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee. At Electro Force (India) Limited, he holds the position of Chairman of the Audit Committee.

Corporate Governance Adherence

The completion of Mr. Bangera's tenure reflects Artemis Electricals' adherence to corporate governance norms and statutory requirements. The company confirmed that the departing director is not related to any other directors of the company, maintaining independence standards as required under applicable regulations.

The announcement was signed by Shiv Kumar Chhangur Singh, Whole Time Director and Chief Financial Officer (DIN: 07203370), ensuring proper authorization and compliance with disclosure protocols.