Ardee Industries Limited Approves Q3 Unaudited Financial Results; Reports IPO Details

Ardee Industries Limited Approves Q3 Unaudited Financial Results; Reports IPO Details​

Ardee Industries Limited, previously known as Ardee Industries Private Limited, has reported the unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors approved these results along with a Limited Review Report issued by the Statutory Auditors. The board meeting, held on August 25, 2026, also covered the approval of the appointment of Key Managerial Personnel (KMPs).

The results were reviewed and approved by the Board of Directors and submitted for a limited review by the Statutory Auditors.

Financial Highlights and Performance Data​

The unaudited financial results for the quarter ended June 30, 2026, were presented along with data for previous periods. The company operates in a single business segment, based on its internal organizational structure and risk assessment.

The detailed Statement of Un-audited Financial Results for the quarter ended June 30, 2026, is presented below (amounts are in INR Millions, unless otherwise stated):

Corporate Actions and Capital Restructuring​

Subsequent to the quarter ended June 30, 2026, the company completed its Initial Public Offering (IPO) of 80,351,950 equity shares. The IPO consisted of a fresh issue of 60,376,950 shares and an offer for sale of 19,975,000 shares by selling shareholders. Following the IPO, the equity shares of the company were listed on the National Stock Exchange of India Limited (NSE) and the BSE Limited on August 12, 2026. These unaudited financial results for the quarter ended June 30, 2026, were prepared in compliance with SEBI listing regulations for the first time.

Earlier corporate actions included:

• Capital Subdivision: Following shareholder approval granted in an extra-ordinary general meeting on July 15, 2025, the company subdivided its existing authorized share capital from INR 50 million, consisting of 0.5 million equity shares with a face value of INR 100/-, to INR 50 million, consisting of 25 million equity shares with a face value of INR 2/-.
• Bonus Issue: Subsequently, based on shareholder approval granted in an extra-ordinary general meeting on July 25, 2025, the company issued bonus shares in the ratio of 15 equity shares for every 1 equity share.

The company’s unaudited financial results have been prepared in accordance with Indian Accounting Standard (Ind AS) 34, "Interim Financial Reporting," and the provisions of the Companies Act, 2013.

The Statutory Auditors, Nangia & Co LLP, reviewed the results, concluding that nothing came to their attention that suggested the accompanying Statement did not disclose the information required in terms of the regulations or that it contained any material misstatement.

ARDEE Stock Price Movement​

As of 3:23 PM, shares of Ardee Industries Limited are tumbling down by 3.75% in live trading, with the equity currently at ₹57.1 following a significant market slide. The stock plunges further to hit its 52-week low when it trades down to ₹56, amidst a volume exceeding 10 million shares traded today.