Arur Footwear marks its first full year post-CIRP with Rs 1.5 lakh in operating revenue and narrowed losses of Rs 58.83 lakh. While the company has launched its D2C brand Pacalop, shares remain suspended from trading as the firm awaits final BSE listing approvals for new equity allotments.
Arur Footwear: First Full Year Results Post-CIRP
Revenue from operations reached Rs 0.015 crore in FY26; Loss before tax narrowed to Rs 0.5883 crore.
Reader Takeaway: New D2C brand growth provides an operational tailwind, but trading suspension remains a significant liquidity hurdle.
What just happened
Arur Footwear has released its FY26 results, marking its first full financial year of operations following the Corporate Insolvency Resolution Process (CIRP). Under the leadership of Bazel International Limited, which holds a 50.10% stake as the Successful Resolution Applicant, the company has officially commenced commercial operations.
Why this matters
Shareholders are currently in a state of limbo as equity shares allotted under the resolution plan have yet to be credited to demat accounts. The company is actively working with the BSE to secure the necessary listing and trading approvals, with trading having been suspended since December 30, 2024.
Business and Operational Update
The company has launched 'Pacalop', a D2C footwear brand targeting youth on major e-commerce platforms. Additionally, the 'Arur' premium sneaker brand is currently in prototyping, and 'Navo' school footwear is undergoing testing. The company also proposed shifting its registered office from Punjab to Himachal Pradesh to integrate administration with its manufacturing plant.
Management and Governance
Mayank Ahuja joined the board as an Executive Director effective May 28, 2026. The company continues its professional relationship with statutory auditors M/s Krishna Rakesh & Co. and has appointed Narender Singh as the Internal Auditor for the current fiscal year.
Risks to watch
Arur Footwear has paid Rs 26.07 lakh in SOP fines under protest for legacy compliance failures occurring before current management took control. The company is seeking a refund via the Securities Appellate Tribunal (SAT). Shareholders should monitor the ongoing reliance on third-party manufacturing while internal facility upgrades continue.
Context metrics (time-bound)
For FY26, the company posted a total income of Rs 0.0996 crore compared to Rs 0.0084 crore in FY25. The company will hold its 36th AGM on September 26, 2026.