Aadi Industries Limited has announced the appointment of Mr. Raj Bipin Gandhi as Additional Non-Executive Director, effective January 30, 2026. The appointment was approved by the company's Board of Directors during their meeting held on January 30, 2026, based on recommendations from the Nomination and Remuneration Committee, and remains subject to shareholder approval.

Board Meeting Details

The board meeting commenced at 03.30 p.m. and concluded at 04.12 p.m. on January 30, 2026. The appointment was made in compliance with the provisions of the Companies Act, 2013, and the company has informed BSE Limited about this development under Regulation 30 of SEBI (LODR) Regulations, 2015.

Professional Background

Mr. Raj Gandhi brings significant experience in the steel trading sector to his new role. He has been engaged in the steel trading business since 2014, starting his professional journey as a trader in steel products before expanding operations to include stockist activities. This progression has provided him with practical experience across procurement, distribution, and market operations.

For the past five years, Mr. Gandhi has been associated with an entity authorized as a dealer of Steel Authority of India Limited (SAIL). Through this association, he has worked extensively with customers and suppliers across India, gaining valuable pan-India industry exposure and developing a comprehensive understanding of market dynamics, supply chain operations, and business development within the steel industry.

Regulatory Compliance

The company has confirmed that Mr. Raj Bipin Gandhi is not debarred from holding the office of Director by virtue of any SEBI order or any other regulatory authority, in accordance with the circular dated June 20, 2018, issued by the stock exchange. Additionally, Mr. Gandhi does not hold directorship in any other listed entities or membership in any committees of listed companies.

Corporate Governance

The appointment demonstrates Aadi Industries' commitment to strengthening its board composition with industry expertise. Mr. Gandhi's extensive experience in the steel sector aligns with the company's operational focus and is expected to contribute valuable insights to the board's strategic decisions. The appointment follows proper corporate governance procedures, including committee recommendations and regulatory compliance requirements.

Aadi Industries Limited has announced its unaudited financial results for the second quarter of fiscal year 2026, ended September 30, 2025, in compliance with Regulation 33 of SEBI Listing Regulations. The company reported a net loss of ₹2.70 lakhs for the quarter, showing improvement compared to the ₹4.95 lakhs loss recorded in the same quarter of the previous year.

Quarterly Financial Performance

The company's Q2FY26 results demonstrate a reduction in losses on a year-over-year basis. The quarterly performance comparison reveals significant cost management improvements:

Half-Yearly Results Analysis

For the half-year period ended September 30, 2025, Aadi Industries reported a net loss of ₹6.90 lakhs compared to ₹2.72 lakhs loss in the corresponding period of the previous year. The half-yearly expenditure breakdown shows:

Balance Sheet Position

As of September 30, 2025, the company's balance sheet reflects significant changes in its financial position. Total assets increased substantially to ₹262.90 lakhs from ₹16.53 lakhs as of March 31, 2025:

Cash Flow Statement Analysis

The company's cash flow statement for the period ended September 30, 2025, shows a net cash outflow from operating activities of ₹240.96 lakhs, primarily due to the substantial increase in trade receivables. However, this was offset by financing activities that generated ₹245.84 lakhs, resulting in a net positive cash flow of ₹4.88 lakhs for the period.

Corporate Governance and Regulatory Compliance

The financial results were reviewed by the audit committee and approved by the Board of Directors at their meeting held on November 14, 2025, with the meeting conducted from 4:00 PM to 7:45 PM. The results have been subject to limited review by RAK Champs & Co LLP, the company's statutory auditors. The company maintains a paid-up equity share capital of ₹1,000.00 lakhs with a face value of ₹10 per share. The results have been prepared in accordance with Indian Accounting Standards and comply with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.