Addi Industries will host its 44th AGM on September 30, 2026, following a recent change in management where new promoters acquired a 74.27% stake. Shareholders will vote on increasing borrowing and investment limits to Rs 150 crore each. While consolidated income grew 90.57%, annual profitability declined due to rising expenses. The company also formalizes the appointment of new auditors and board members as part of its structural transition.
Addi Industries Reports 90% Income Growth Amid Management Transition
Consolidated Income reached Rs 1,055.58 lakhs in FY 2025-26, up 90.57% from FY 2024-25.
Profit After Tax (PAT) declined to Rs 236.25 lakhs, down 27.27% from the previous year.
Reader Takeaway: Revenue surged under new control, but high costs remain a hurdle for the new promoter group.
What just happened
Addi Industries Limited has scheduled its 44th Annual General Meeting for September 30, 2026. The meeting follows a significant management transition finalized in December 2025, where a new promoter group led by Mr. Rajat Goyal and Mr. Sandeep Mittal acquired a 74.27% controlling stake. The board is seeking shareholder approval to increase borrowing powers and investment limits to Rs 150 crore each, alongside appointing M/s Shilpi Sharma & Co. as statutory auditors.
Why this matters
The company is at a critical juncture as new management steers operations. While the 90% growth in consolidated income indicates active business scaling, the concurrent drop in profitability by over 27% highlights the operational challenges the new team must address. The proposed Rs 150 crore borrowing limit suggests an aggressive expansion or restructuring strategy that investors must monitor closely.
Management and Governance
The board has been extensively reconstituted following the share purchase agreement. Mr. Sandeep Mittal now serves as the Whole-Time Director and CFO, supported by new board members Mr. Rajat Goyal, Mr. Jai Kishan, and Ms. Preeti Jain. The company noted a minor compliance issue regarding a 42-day delay in appointing a CFO, which management attributed to the difficulty of finding a suitable candidate.
Risks to watch
Profitability is under severe pressure from rising expenses and finance costs. Furthermore, the decision to seek approval for higher borrowing limits—which may exceed current paid-up capital and reserves—adds a layer of financial risk that requires careful oversight of debt utilization.
Context metrics
Consolidated Income grew from Rs 553.90 lakhs to Rs 1,055.58 lakhs for the fiscal year ending 2026. Standalone profits dropped by 28.65% to Rs 221.83 lakhs. No dividend has been recommended for the fiscal year.
What to track next
Watch for the outcomes of the AGM votes on borrowing limits and whether the new management can improve operating margins in the coming quarters.