ARTSON ENGINEERING LTD.

Artson Ltd has announced the receipt of a significant purchase order from Tata Steel, Jamshedpur, valued at INR 16,06,66,000 (INR 16.07 Crore) excluding GST. The order is for the supply of 2 Dome & Reformer shells, with an execution deadline of May 6, 2027. Notably, the counterparty, Tata Steel, is a subsidiary of Artson Ltd's ultimate holding company, and the transaction has been conducted at arm's length, falling under related party transactions.

Artson Ltd announced the resignation of Mr. Shashank Jha from his positions as CEO and Whole-Time Director. Mr. Jha is leaving to pursue other professional opportunities outside the Group. His last working day will be communicated separately. He has served the company for four years, since January 2023, and has been instrumental in positioning the company for future growth in manufacturing and shipbuilding orders. The company expressed gratitude for his contributions and is committed to a smooth handover.

Artson Ltd announced the resignation of Mr. Shashank Jha from his positions as CEO and Whole-Time Director. The resignation is to pursue other professional opportunities outside the Group. Mr. Jha has been with the company since January 2023. His last working day will be communicated separately. The company stated there are no other material reasons for his resignation beyond those stated. Mr. Jha expressed gratitude to the Board, Tata Projects, and the Artson team, and committed to a smooth handover.

Artson Ltd has announced the receipt of an additional work order from Reliance Industries Limited (RIL) for tank modification and repair works. The order is valued at Rupees One Crore Fifty-Four Lakhs (₹1.54 Crore) excluding taxes and is to be executed within 12 months. This domestic, item-rate order does not involve any interest from promoters or group companies and is not considered a related party transaction. This follows an earlier disclosure on February 20th, 2026, regarding a previous award from RIL.

Artson Ltd has confirmed that the Statement of Deviation or Variation for the proceeds of any public issue, right issue, preferential issue, or Qualified Institutions Placement (QIP) is not applicable for the second quarter ended September 30, 2026. The company stated that no such proceeds were raised during the period, thus fulfilling the requirements of Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Artson Ltd announced the appointment of M/s. Walker Chandiok & Co. LLP as its new Statutory Auditors. This appointment is for a 5-year term commencing from FY 2027-28, succeeding the current auditors whose tenure ends at the 48th AGM in 2027. The Board also approved the Un-Audited Financial Results for the second quarter ended September 30, 2026. Additionally, the company extended the maturity period of a ₹40.30 Crore loan from its holding company, Tata Projects Limited, from 2037 to 2042.

Artson Ltd announced that its Board of Directors has approved the extension of the maturity period for a partly secured loan of ₹40.30 Crores taken from its holding company, Tata Projects Limited. The loan's maturity has been extended from 20 years (due in 2037) to 25 years, making it due in 2042. This extension is subject to obtaining necessary approvals, including from Tata Projects Limited. The board also approved the Un-Audited Financial Results for the second quarter ended September 30, 2026, along with the Statutory Auditors' Limited Review Report. Additionally, M/s. Walker Chandiok & Co LLP has been appointed as the new Statutory Auditors for a five-year term starting FY 2027-28, subject to shareholder approval.

Artson Ltd's Board of Directors convened on October 16, 2026, approving the Un-Audited Financial Results (UFR) for the second quarter ended September 30, 2026. The board also approved the appointment of M/s. Walker Chandiok & Co LLP as the Statutory Auditors for a five-year term commencing FY 2027-28, subject to shareholder approval. Additionally, the maturity period of a ₹40.30 Crore loan from Tata Projects Limited was extended by five years to 2042, also subject to approvals. The UFR and related auditor's limited review report will be available on the company's website.

Artson Limited (standalone; no consolidated statement filed) swung to a net profit of ₹2.01 Cr in Q2 FY27 (quarter ended September 30, 2026), against a net loss of ₹2.24 Cr in Q2 FY26 and a near-breakeven loss of ₹0.41 Cr in Q1 FY27 — EPS of ₹0.54 versus ₹(0.61) a year ago. Revenue from operations fell 19.6% YoY to ₹38.68 Cr (from ₹48.12 Cr), even as it rose 48.0% QoQ off a thin ₹26.13 Cr Q1 base typical of this project-driven business. The swing to profit is not an operating recovery. The company recognized ₹9.92 Cr of revenue this quarter from a claim for additional costs incurred on extension of time, ground-improvement works and other related site works, which management states it believes is recoverable. Strip that out and the reported pre-tax profit of ₹2.72 Cr becomes a pre-tax loss of roughly ₹7.20 Cr; on an adjusted basis (ignoring second-order tax effects on the removed item), PAT would be a loss of about ₹7.91 Cr — a ~254% YoY deterioration versus the ₹2.24 Cr loss a year ago. Headline OPM (EBITDA margin) printed at 12.9% versus -0.08% YoY and 4.52% QoQ, and NPM at 5.2% versus -4.64% YoY, but both expansions are almost entirely the claim flowing through project-execution revenue rather than a structural margin improvement. There is no analyst/street estimate on record for this micro-cap and no prior management guidance in our records or in this filing, so vsStreet and vsGuidance are both unknown. The quarter's corporate actions reinforce the going-concern narrative underlying the results: the company carries significant accumulated losses (other equity improved to -₹1.45 Cr from -₹3.30 Cr at March 2026, but remains negative), and the Board's going-concern assessment explicitly rests on a letter of support from holding company Tata Projects Ltd, which has also agreed to extend the maturity of its ₹40.30 Cr loan to the company from 2037 to 2042. The same Board meeting approved Walker Chandiok & Co LLP as incoming statutory auditor (replacing Price Waterhouse & Co) for FY28-32, subject to shareholder approval at the 48th AGM. The next quarter without a comparable claim recognition will show the real run-rate — Q1 FY27's underlying PBT was already a loss of ₹0.77 Cr. Watch whether further claim recoveries recur, whether accumulated losses keep narrowing, and how the Tata Projects loan extension and auditor transition progress toward shareholder approval.

Artson Ltd has announced the appointment of Mr. Sukumar Hebbar as Additional Director (Non-Executive) and Chairman of the Board, and Ms. Priti Patel as Additional Director (Non-Executive). These appointments are effective from October 12, 2026, and are subject to shareholder approval. Mr. Hebbar brings over 36 years of experience in the EPC industry, having previously held leadership roles at Tata Projects Limited and Larsen & Toubro Limited. Ms. Patel has over two decades of experience in the global infrastructure sector. The company also announced the reconstitution of its Nomination & Remuneration Committee, with Mr. Sukumar Hebbar joining as a member.