Artson , a prominent player in the engineering and construction sector, has announced a significant change in its leadership structure. The company has appointed Ms. Subhra Gourisaria as an Additional Director (Non-Executive) on its Board, effective September 15, 2025. This appointment is subject to approval at the upcoming Annual General Meeting.

A Seasoned Financial Expert Joins the Board

Ms. Gourisaria brings with her a wealth of experience in the financial sector. A rank holder Chartered Accountant with a Diploma in IFRS from ACCA (UK), she has over two decades of experience in various aspects of finance, including business finance, financial strategy, P&L management, controllership, taxation, and audit.

Professional Journey

Prior to this appointment, Ms. Gourisaria's career trajectory has been impressive:

• Joined Artson as CFO in July 2025
• Served as CFO of Rallis India Limited, a Tata enterprise, for more than 4 years
• Spent 14 years at Hindustan Unilever Limited in various finance roles
• Began her career with Oil and Natural Gas Corporation Limited (ONGC) in 2003

During her tenure at Rallis India Limited, Ms. Gourisaria received several accolades, including awards for the best annual report, sustainability reporting, and fund management.

Board Committee Reconstitution

Following Ms. Gourisaria's appointment, Artson has reconstituted three of its board committees:

1. Audit Committee
2. Corporate Social Responsibility Committee
3. Project Review Committee

Ms. Gourisaria has been added as a member to all three committees, bringing her financial acumen to these crucial oversight bodies.

Implications for Artson

The appointment of Ms. Gourisaria and the subsequent reshuffling of board committees signify Artson's commitment to strengthening its financial oversight and strategic planning. Her extensive experience in diverse, multi-geographical, and complex businesses is expected to bring valuable insights to the company's operations and financial strategies.

This move comes at a time when companies are increasingly focusing on robust financial management and corporate governance. Ms. Gourisaria's appointment aligns with this trend, potentially enhancing Artson's financial stewardship and strategic decision-making capabilities.

As Artson continues to navigate the dynamic engineering and construction landscape, the addition of Ms. Gourisaria to its leadership team could play a crucial role in shaping the company's financial future and corporate strategy.

Artson Limited , a supplier of equipment, steel structures, and site services for mechanical works, has reported a significant turnaround in its financial performance for the first quarter. The company's unaudited financial results, approved by the Board of Directors on July 22, show a marked improvement in both revenue and profitability.

Financial Highlights

Revenue Growth

Artson Limited witnessed a substantial increase in its revenue from operations, which rose to ₹4,474.49 lakhs in the current quarter, up from ₹2,497.39 lakhs in the same quarter of the previous year, representing a robust growth of 79.17%. The total income for the quarter stood at ₹4,475.30 lakhs, compared to ₹2,503.12 lakhs in the previous year's corresponding quarter.

Profitability Improvement

The company successfully turned its operations profitable, reporting a profit before tax of ₹46.67 lakhs in the current quarter, as opposed to a loss of ₹68.85 lakhs in the corresponding quarter of the previous year. The net profit for the quarter came in at ₹21.59 lakhs, marking a significant improvement from the net loss of ₹49.34 lakhs in the same period last year.

Earnings Per Share

The earnings per share (EPS) for the current quarter stood at ₹0.06, compared to a loss per share of ₹0.13 in the same quarter of the previous fiscal year.

Operational Overview

Artson Limited operates in a single business segment, focusing on the supply of equipment, steel structures, and site services for mechanical works. The company's improved performance can be attributed to increased project execution and better operational efficiency.

Board Meeting Outcomes

In addition to approving the quarterly results, the Board of Directors also:

1. Approved the Cost Audit Report for the financial year ended March 31, 2025.
2. Approved the notice for convening the 46th Annual General Meeting (AGM) of the Company.

The company will hold its 46th AGM through Video Conference (VC) or Other Audio-Visual Means (OAVM), with the exact date to be announced later.

Auditor's Review

Price Waterhouse & Co Chartered Accountants LLP, the statutory auditors of Artson Limited, have issued an unmodified opinion on the unaudited financial results for the quarter. This indicates that the financial statements are free from material misstatements and comply with the applicable accounting standards.

Going Concern Assessment

Despite the improved performance, Artson Limited continues to have significant accumulated losses. However, the management and Board of Directors have assessed that the company will be able to meet its cash flow requirements for the next twelve months. This assessment is based on:

1. A letter of support from the holding company, Tata Projects Limited, promising adequate business, financial, and operational support.
2. Review of the approved business plan and future cash flow projections.

The positive quarterly results and the support from its parent company indicate that Artson Limited is on a path to financial recovery and sustainable operations.