Archies Ltd

Financial results

• Un-audited standalone results for quarter and three months ended 30 June 2026 approved; Limited Review Report attached.

Executive appointments

• Re-appointment of Anil Moolchandani as CMD from 28 Aug 2026 for two years, subject to shareholder approval.
• Appoint Anil Kumar Verma as Additional Non-Executive Independent Director from 14 Aug 2026 for five years; approval pending.

Committee reconstitutions

• Audit Committee reconstituted: Kochhar (Chairman) and Verma (Member) from 14 Aug 2026.
• Nomination & Remuneration Committee reconstituted: Kochhar (Chairman) and Verma (Member) from 14 Aug 2026.

Shareholder meeting & governance

• 36th AGM to be held on 24 September 2026.
• Scrutinizer appointed: Shailesh Dayal for AGM poll and e-voting.
• Reconstitution of Audit & Nomination Committees following resignation of Faizan Rashid Bhat, effective 14 Aug 2026.

Regulatory/compliance notes

• Limited Review notes: inventory valuation comment; EPF and TDS deposits for Apr-Jun 2026 pending.

Board meeting notice and newspaper ads

• Advertised board meeting on 14 Aug 2026 to consider and approve unaudited Q1 FY2027 results.
• Newspaper ads published on 08 Aug 2026 in Financial Express and Jansatta.

Meeting Details

• Board meeting on 14 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter and three months ended June 30, 2026.

Other Notes

• Trading window closed from 1 July 2026 to 16 August 2026 (48 hours post-results).

Resignation details

• Name and designation: Faizan Rashid Bhat, Non-Executive Independent Director.
• Directorship type: Independent, Non-Executive.
• Effective date of resignation: 5 August 2026.
• Reason for resignation: personal reasons and other professional commitments.
• Confirmation on material reasons: no other material reasons stated.
• Board/committee memberships affected: none (Nil directorships/committee positions).
• Other listed entities where director holds roles: none.
• Consequence: no immediate changes to board or committees.

Dematerialisation processing and listing status

• Dematerialisation requests received were confirmed to the depositories (accepted/rejected) during quarter ended 30 June 2026.
• Securities dematerialised have been listed on the stock exchanges where the existing securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; the depository name became registered owner within prescribed timelines.

Credit rating action

• ICRA downgraded Archies Limited’s bank lines to [ICRA]B+ from [ICRA]BB-.
• The long-term ratings were affirmed at [ICRA]B+ with Stable outlook.

Instruments rated

• Cash credit limits of Rs. 23.10 crore were rated [ICRA]B+ (Stable).
• Non-fund-based facilities of Rs. 1.00 crore were rated [ICRA]B+ (Stable).
• Total rated bank lines amounted to Rs. 24.10 crore.

Rating agency

• ICRA Limited conducted the periodic monitoring and rating action.

Rationale

• The letter cites periodic monitoring after Q4FY26 and FY26 results.
• No detailed rationale, strengths, or weaknesses were provided in the excerpt.

Outlook

• Stable outlook was assigned to all rated facilities.

Material change

• The key change was a downgrade from [ICRA]BB- to [ICRA]B+.