Integrated Filing — IndAS



General information about company

Scrip Code 524208
NSE Symbol AARTIIND
MSEI Symbol NOTLISTED
ISIN INE769A01020
Name of company AARTI INDUSTRIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 30-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Half yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Speciality Chemicals
Start date and time of board meeting 30-10-2026   14:00:00
End date and time of board meeting 30-10-2026   17:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 19-12-2025
Indicate Company website link for updated RPT policy of the Company https://d9bnjb3uan3b2.cloudfront.net/Aarti_Industries_Policy_RPT_03_06_26_e6b8611eb9.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 6,18,296.00 6,18,296.00
Other income 825.00 825.00
Total income 6,19,121.00 6,19,121.00
2 Expenses
(a) Cost of materials consumed 4,21,669.00 4,21,669.00
(b) Purchases of stock-in-trade 22,292.00 22,292.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (15,527.00) (15,527.00)
(d) Employee benefit expense 24,313.00 24,313.00
(e) Finance costs 16,991.00 16,991.00
(f) Depreciation, depletion and amortisation expense 24,849.00 24,849.00
(f) Other Expenses
1 Foreign Exchange Gain (3,342.00) (3,342.00)
2 Manufacturing expenses 39,034.00 39,034.00
3 Office Administrative expenses 4,052.00 4,052.00
4 Selling & Distribution expenses 43,163.00 43,163.00
5 Non Operating expenses 655.00 655.00
Total other expenses 83,562.00 83,562.00
Total expenses 5,78,149.00 5,78,149.00
3 Total profit before exceptional items and tax 40,972.00 40,972.00
4 Exceptional items (498.00) (498.00)
5 Total profit before tax 40,474.00 40,474.00
6 Tax expense
7 Current tax 5,609.00 5,609.00
8 Deferred tax 1,815.00 1,815.00
9 Total tax expenses 7,424.00 7,424.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 33,050.00 33,050.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 33,050.00 33,050.00
17 Other comprehensive income net of taxes 1,309.00 1,309.00
18 Total Comprehensive Income for the period 34,359.00 34,359.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 18,137.00 18,137.00
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 9.11 9.11
Diluted earnings (loss) per share from continuing operations 9.1 9.1
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 9.11 9.11
Diluted earnings (loss) per share from continuing and discontinued operations 9.1 9.1
24 Debt equity ratio 0.800 0.800
25 Debt service coverage ratio 2.4900 2.4900
26 Interest service coverage ratio 3.6600 3.6600
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 6,19,975.00
Capital work-in-progress 2,22,221.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 12,567.00
Intangible assets under development 18,229.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 22,505.00
Trade receivables, non-current 0.00
Loans, non-current 800.00
Other non-current financial assets
Total of other non-current financial assets
Total non-current financial assets 23,305.00
Deferred tax assets (net) 28,023.00
Other non-current assets
1 Other non-current assets 8,616.00
Total of other non-current assets 8,616.00
Total non-current assets 9,32,936.00
2 Current assets
Inventories 1,48,385.00
Current financial asset
Current investments 0.00
Trade receivables, current 2,77,713.00
Cash and cash equivalents 12,231.00
Bank balance other than cash and cash equivalents 2,575.00
Loans, current 488.00
Other current financial assets
Total of other current financial assets 3,916.00
Total current financial assets 2,96,923.00
Current tax assets (net) 0.00
Other current assets
1 Other current assets 42,540.00
Total of other current assets 42,540.00
Total current assets 4,87,848.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 14,20,784.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 18,137.00
Other equity 6,10,397.00
Total equity attributable to owners of parent 6,28,534.00
Non controlling interest
Total equity 6,28,534.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 2,00,480.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Liabilities 2,885.00
Total of other non-current financial liabilities 2,885.00
Total non-current financial liabilities 2,03,365.00
Provisions, non-current 1,535.00
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 5,063.00
Total of other non-current liabilities 5,063.00
Total non-current liabilities 2,09,963.00
Current liabilities
Current financial liabilities
Borrowings, current 3,14,151.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 3,959.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2,29,563.00
Total Trade payable 2,33,522.00
Other current financial liabilities
1 Other current financial liabilities 25,223.00
2 Lease Liabilites 982.00
Total of other current financial liabilities 26,205.00
Total current financial liabilities 5,73,878.00
Other current liabilities 6,521.00
1 Other current liabilities 6,521.00
Total of other current liabilities 6,521.00
Provisions, current 407.00
Current tax liabilities (Net) 1,481.00
Deferred government grants, Current 0.00
Total current liabilities 5,82,287.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 7,92,250.00
Total equity and liabilites 14,20,784.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
3 Amount of items that will be reclassified to profit and loss
1 Change in Fair Value of Foreign Currency Hedge 1,309.00 1,309.00
Total Amount of items that will be reclassified to profit and loss 1,309.00
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 1,309.00 1,309.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax
Adjustments for reconcile profit (loss)
Adjustments for finance costs 16,991.00
Adjustments for decrease (increase) in inventories (18,684.00)
Adjustments for decrease (increase) in trade receivables, current (95,785.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (6,438.00)
Adjustments for decrease (increase) in other non-current assets 74.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 68,176.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (2,886.00)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 24,889.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (1,423.00)
Adjustments for dividend income 0.00
Adjustments for interest income (488.00)
Adjustments for share-based payments 594.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 499.00
Other adjustments for non-cash items (337.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (13,842.00)
Net cash flows from (used in) operations 26,632.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 2,809.00
Other inflows (outflows) of cash (498.00)
Net cash flows from (used in) operating activities 23,325.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 3,718.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 192.00
Purchase of property, plant and equipment 51,290.00
Proceeds from sales of investment property 0.00
Purchase of investment property 47.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 93.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 57.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 131.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 337.00
Net cash flows from (used in) investing activities (54,545.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings (22,990.00)
Payments of lease liabilities 665.00
Dividends paid 3,627.00
Interest paid 16,334.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 7.00
Net cash flows from (used in) financing activities 2,371.00
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (28,849.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (28,849.00)
Cash and cash equivalents cash flow statement at beginning of period 41,048.00
Cash and cash equivalents cash flow statement at end of period 12,199.00





Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Aarti Industries Limited Aarti Chem Trading USA Wholly Owned Subsidiary Company Sale of goods or services 2,50,000.00 As per omnibus approval by Audit Committee 1,45,583.00 31,179.00 85,016.00
2 Aarti Industries Limited Alchemie (Europe) Limited Subsidiary Company Sale of goods or services 1,20,000.00 As per omnibus approval by Audit Committee 39,741.00 10,391.00 20,462.00
3 Aarti Industries Limited Aarti Chemical Trading - FZCO Wholly Owned Subsidiary Company Sale of goods or services 1,80,000.00 As per omnibus approval by Audit Committee 63,476.00 18,228.00 28,920.00
4 Aarti Industries Limited Aarti Drugs Limited Controlling individuals/ KMP of the Company along with their relatives have significant influence. Sale of goods or services 5,000.00 As per omnibus approval by Audit Committee 2,166.00 707.00 985.00
5 Aarti Industries Limited Aarti Drugs Limited Controlling individuals/ KMP of the Company along with their relatives have significant influence. Purchase of goods or services 500.00 As per omnibus approval by Audit Committee 9.00 7.00 16.00
6 Aarti Industries Limited Aarti Pharmalabs Limited Controlling individuals/ KMP of the Company along with their relatives have significant influence. Sale of goods or services 5,000.00 As per omnibus approval by Audit Committee 2,616.00 1,076.00 3,619.00
7 Aarti Industries Limited Aarti Pharmalabs Limited Controlling individuals/ KMP of the Company along with their relatives have significant influence. Purchase of goods or services 10,000.00 As per omnibus approval by Audit Committee 5,283.00 1,405.00 3,572.00
8 Aarti Industries Limited Alchemie Finechem Private Limited Controlling individuals/ KMP of the Company along with their relatives have significant influence. Sale of goods or services 10,000.00 As per omnibus approval by Audit Committee 1,934.00 434.00 1,615.00
9 Aarti Industries Limited Alchemie Finechem Private Limited Controlling individuals/ KMP of the Company along with their relatives have significant influence. Purchase of goods or services 20,000.00 As per omnibus approval by Audit Committee 113.00 275.00 113.00
10 Aarti Industries Limited Alchemie Speciality Chemical Private Limited Controlling individuals/ KMP of the Company along with their relatives have significant influence. Sale of goods or services 1,000.00 As per omnibus approval by Audit Committee 250.00 161.00 91.00
11 Aarti Industries Limited Ganesh Polychem Limited Controlling individuals/ KMP of the Company along with their relatives have significant influence. Sale of goods or services 10,000.00 As per omnibus approval by Audit Committee 3,689.00 1,538.00 2,764.00
12 Aarti Industries Limited Ganesh Polychem Limited Controlling individuals/ KMP of the Company along with their relatives have significant influence. Purchase of goods or services 5,000.00 As per omnibus approval by Audit Committee 1,209.00 1,211.00 2,079.00
13 Aarti Industries Limited Valiant Organics Limited Controlling individuals/ KMP of the Company along with their relatives have significant influence. Sale of goods or services 50,000.00 As per omnibus approval by Audit Committee 24,036.00 10,556.00 13,377.00
14 Aarti Industries Limited Valiant Organics Limited Controlling individuals/ KMP of the Company along with their relatives have significant influence. Purchase of goods or services 20,000.00 As per omnibus approval by Audit Committee 8,255.00 2,528.00 2,702.00
15 Aarti Industries Limited Dilesh Roadlines Private Limited (Division : Shree Amulya Techline Engineers) Controlling individuals/ KMP of the Company along with their relatives have significant influence. Purchase of fixed assets 1,800.00 As per omnibus approval by Audit Committee 130.00 69.00 0.00
16 Aarti Industries Limited Kalpesh Roadlines Limited Controlling individuals relatives have significant influence Purchase of goods or services 17,500.00 As per omnibus approval by Audit Committee 7,117.00 724.00 (1,589.00)
17 Aarti Industries Limited Mirik Rajendra Gogri Promoters Group Remuneration 100.00 As per omnibus approval by Audit Committee 38.00 0.00 0.00
18 Aarti Industries Limited Augene Chemical Private Limited Joint Venture Investment 10,000.00 As per omnibus approval by Audit Committee 3,000.00 5,088.00 8,311.00
19 Aarti Industries Limited Aarti Polychem Private Limited Wholly Owned Subsidiary Company Investment 20.00 As per omnibus approval by Audit Committee 18.00 2.00 20.00
20 Aarti Industries Limited Shanti Intermediates Private Limited Subsidiary Company (through its holding Company: Aarti Corporate Services Limited) Sale of goods or services 100.00 As per omnibus approval by Audit Committee 8.00 15.00 0.00 Textual Information(1)
21 Aarti Industries Limited Shanti Intermediates Private Limited Subsidiary Company (through its holding Company: Aarti Corporate Services Limited) Purchase of goods or services 2,000.00 As per omnibus approval by Audit Committee 461.00 0.00 0.00 Textual Information(2)
22 Aarti Industries Limited Rajendra Vallabhaji Gogri Chairman and Managing Director - Promoter Remuneration Approved -Remuneration within the ceiling limit as approved by the Shareholders. 422.00 0.00 0.00
23 Aarti Industries Limited Rashesh Chandrakant Gogri Vice Chairman and Managing Director - Promoter Group Remuneration Approved -Remuneration within the ceiling limit as approved by the Shareholders. 422.00 0.00 0.00
24 Aarti Industries Limited Renil Rajendra Gogri Vice Chairman and Executive Director - Promoter Group Remuneration Approved -Remuneration within the ceiling limit as approved by the Shareholders. 156.00 0.00 0.00
25 Aarti Industries Limited Re Aarti Private Limited Joint Venture through subsidiary (Aarti Circularity) Sale of goods or services 500.00 Approved -Remuneration within the ceiling limit as approved by the Shareholders. 4.00 0.00 4.00
Total value of transaction during the reporting period 3,10,136.00



Text Block

Textual Information(1) Ceased to be subsidiary W.e.f June 23rd, 2026.
Textual Information(2) Ceased to be subsidiary W.e.f June 23rd, 2026.