Art Nirman Limited Approves Unaudited Financial Results for Quarter Ended June 30, 2026
Art Nirman Limited conducted a Board of Directors meeting on August 14, 2026, reviewing and approving the Unaudited Standalone Financial Results along with the Auditor's Limited Review for the quarter ending June 30, 2026. The board session was held at the company’s registered office, commencing at 02:30 P.M. and concluding at 04:20 P.M.The financial results were prepared in accordance with Indian Accounting Standard 34 (Interim Financial Reporting). The company operates exclusively within the Real Estate segment, reporting that all business operations are conducted in India, necessitating no separate geographic disclosure as conditions are uniform across the country.
Litigation and Commitments
The company's notes detail ongoing commitments and appeals related to tax matters. An appeal has been filed against a Service Tax demand of Rs 59.70 Lakhs, for which Art Nirman Limited paid Rs 10.54 Lakhs as Pre-deposit, amount currently held under the balance sheet. Furthermore, the company has initiated an appeal against GST order DRC-07 dated August 29, 2024, wherein the State tax officer determined a total demand of Rs 1,54,36,193/-.Major Bank Guarantee Agreements
Art Nirman Limited also noted two significant Bank Guarantee agreements entered into by the company:| Agreement Partner | Project Description | Value |
|---|---|---|
| RBL Bank Limited | Project Shree Vishnudhara Nidhi Apartment | Rs 1,75,84,932/- |
| Kotak Mahindra Bank Limited | Redevelopment of Integrated Group Housing Facility for 100 HIG + 60 Shops Nidhi Apartment Shastrinagar, Naranpura, Ahmedabad on PPP Basis | Rs 5,85,06,040/- |
The agreement with RBL Bank Limited is against a Fixed Deposit made by the company to that bank. The financial results reflect these commitments and relate to figures as of the quarter ended on June 30, 2026.
ARTNIRMAN Stock Price Movement
Art Nirman Limited shares today slipped by 0.32% to settle at ₹41.07, closing slightly below its previous market close. The stock saw a total traded volume of 463 shares, completing the session near its day low of ₹41.06.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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