Artemis ADR Marketplace Annual Report FY 2025-26

Total Revenue for FY26 stood at Rs 0.58 crore against a net loss of Rs 0.75 crore.

Reader Takeaway: The company has pivoted to ADR services; however, legacy receivables and operational losses remain key performance hurdles.

What just happened

Artemis ADR Marketplace Limited has finalized its transition from a spice and food grain trader to an Alternate Dispute Resolution (ADR) services provider. Effective December 15, 2025, the company shut down its trading operations to focus on mediation, arbitration, and conciliation services. This shift is accompanied by a new management team and a registered office relocation to Chandigarh.

Why this matters

The shift represents a total business model overhaul. The company has raised Rs 35.49 crore through the issuance of 9.85 million equity warrants to Bridge India Fund, a Category 1 FPI. This capital is earmarked for building the marketplace ecosystem and operational working capital, signaling intent to scale the new segment rapidly.

Risks to watch

Financial performance remains under pressure, with losses persisting at Rs 0.75 crore for the year. A critical concern involves Rs 7.72 crore in trade receivables and loans tied to the former management’s tenure, which the current board is actively reviewing for potential impairment. Additionally, the company is addressing pending compliance issues, specifically regarding independent director proficiency tests and past deposit acceptance approvals.

Management and Auditors

Leadership has been reconstituted, with Mr. Shrey Aggarwal serving as the Whole-time Director. M/s K Singh & Associates has been appointed as the new statutory auditor following the resignation of the previous firm, M/s DARPAN & ASSOCIATES.

What to track next

Market participants should monitor the revenue contribution from the ADR platform in the coming quarters and the recovery progress of historical dues. Success hinges on achieving market penetration in the niche ADR sector.