Atharv Enterprises Limited has announced its unaudited standalone financial results for the third quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 11, 2026, in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company's financial performance for Q3FY26 showed steady growth across key metrics. Revenue from operations reached 18.12 lacs for the quarter, while other income contributed 66.14 lacs, bringing total revenue to 84.26 lacs.

Expense Analysis

Total expenses for Q3FY26 amounted to 78.03 lacs compared to 54.60 lacs in the corresponding quarter of the previous year. The major expense components included employee benefits expense of 38.28 lacs, other expenses of 18.45 lacs, and purchases of stock-in-trade of 15.47 lacs.

Nine-Month Performance

For the nine-month period ended December 31, 2025, Atharv Enterprises demonstrated consistent performance with total revenue of 250.55 lacs against 200.69 lacs in the corresponding period of the previous year. Net profit for the nine-month period stood at 13.61 lacs compared to 13.12 lacs in the previous year.

Regulatory Compliance and Audit

The financial results have been subject to limited review by the company's statutory auditors, Shweta Jain & Co LLP, Chartered Accountants. The auditors confirmed that nothing came to their attention that would cause them to believe the financial statements contain material misstatements or fail to comply with applicable accounting standards.

Business Operations

According to the financial statements, the company operates in one reportable segment - knitting job work, as per IND AS 108 Operating Segment requirements. The Board meeting commenced at 3:00 PM and concluded at 4:15 PM on February 11, 2026, where Managing Director Pramod Kumar Gadiya presented the results.

Atharv enterprises Limited has announced the resignation of its statutory auditor J Singh & Associates, effective January 21, 2026. The Mumbai-based company disclosed this development to BSE Limited on January 22, 2026, in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

Auditor Resignation Details

The auditing firm J Singh & Associates tendered their resignation through a formal letter dated January 21, 2026. The primary reason cited for the resignation was organizational restructuring within the audit firm that significantly impacted their capacity to serve the company effectively.

Reasons for Resignation

According to the resignation letter, J Singh & Associates faced significant operational challenges that necessitated their withdrawal from the engagement. The auditing firm explained that a key partner who was primarily responsible for overseeing audits of Atharv Enterprises Limited had recently resigned from the partnership, resulting in a substantial reduction in their overall audit leadership capacity.

Additionally, the firm cited acute staff constraints due to unexpected staff shortages and resource limitations. These circumstances left them unable to allocate the necessary team strength required to ensure timely and quality completion of the audit within stipulated timelines prescribed under applicable laws and regulations.

Regulatory Compliance and Disclosures

In accordance with SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019, Atharv Enterprises Limited made comprehensive disclosures regarding the auditor resignation. The company confirmed that no material concerns were raised by the auditor, and J Singh & Associates provided written confirmation that there were no other material reasons for resignation beyond those stated.

Next Steps and Appointment Process

Atharv Enterprises Limited has initiated the process of appointing a new statutory auditor to fill the casual vacancy created by the resignation. The appointment will be subject to approval by shareholders at the ensuing general meeting, as required under the Companies Act, 2013.

The company's Managing Director, Pramod Kumar Gadiya (DIN: 02258245), signed the disclosure document, ensuring compliance with regulatory requirements. The resignation creates an immediate need for the company to secure auditing services to maintain its statutory obligations and continue its financial reporting processes without disruption.