Auri Grow seeks applicants as FY26 revenue falls to Rs 13.795 crore

Auri Grow India Limited is seeking resolution applicants after reporting unaudited FY2025-26 revenue of Rs 13.795 crore, compared with Rs 179.4889 crore in audited FY2024-25 revenue. Auri Grow’s Form G sets 13 November 2026 for expressions of interest and 8 January 2027 for resolution-plan submissions.

Why is Auri Grow seeking resolution applicants?

Auri Grow is seeking applicants because it was admitted into the corporate insolvency resolution process, or CIRP, by the National Company Law Tribunal, Indore Bench, on 18 September 2026 in CP(IB)/41(MP)/2026. The Form G invitation dated 29 October 2026 was issued under Regulation 36A(1) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

The invitation seeks expressions of interest from prospective resolution applicants by 13 November 2026. Auri Grow’s second Committee of Creditors, or CoC, meeting on 28 October 2026 approved the cost of publishing Form G for inclusion in the insolvency resolution process cost.

Auri Grow is described in Form G as a manufacturer of electrical cables and conductors used in power transmission and distribution. The 29 October 2026 document also says the company subsequently diversified its business objects into several other sectors, but it does not identify those sectors or provide segment-level revenue.

Information on installed capacity and employee or workmen numbers was not available to the resolution professional when Form G was issued on 29 October 2026. The filing identifies 36-D, Sector B, Sanwer Road, Indore, Madhya Pradesh, as the location where the majority of Auri Grow’s fixed assets are situated.

How much did Auri Grow’s revenue decline in FY2025-26?

Auri Grow’s revenue declined to Rs 13.795 crore in unaudited FY2025-26 from Rs 179.4889 crore in audited FY2024-25. That is a reduction of Rs 165.6939 crore, or about 92.31%, across the two reported financial years.

Form G labels FY2024-25 as the available audited financial year and FY2025-26 as the available unaudited financial year. The comparison therefore shows a substantial reported fall, while also distinguishing the audit status of the two figures disclosed on 29 October 2026.

The revenue disclosure appears in the Form G field for the quantity and value of main products or services sold in the last financial year. Auri Grow did not provide product sales volumes, revenue by product, installed capacity or workforce data in that 29 October 2026 invitation because the relevant information was not available to the resolution professional.

The FY2025-26 revenue figure is less than one-tenth of the FY2024-25 amount based on the disclosed values. However, Form G does not explain the causes of the decline, identify the contribution of cables and conductors, or provide operating profit, debt, cash-flow or asset-valuation figures.

What is Auri Grow’s resolution-process timetable?

Auri Grow requires expressions of interest by 13 November 2026 and is scheduled to issue a provisional list of prospective resolution applicants on 23 November 2026. Objections to the provisional list are due by 28 November 2026, five days after its scheduled publication.

Auri Grow plans to issue the final list of prospective resolution applicants on 8 December 2026. On 13 December 2026, it is scheduled to issue the information memorandum, evaluation matrix and request for resolution plans to applicants included in that final list.

Resolution plans are due on 8 January 2027 under the timetable published in Form G. The document gives cirp.aurigrowindialimited@gmail.com as the process email address for submitting expressions of interest.

Parties seeking Auri Grow’s last available financial statements, including schedules, lists of creditors or eligibility criteria for applicants must request them through the same email address. Form G records the company’s micro, small and medium enterprise registration status as “NA” as of 29 October 2026.

What did Auri Grow’s creditors approve on 28 October 2026?

Auri Grow’s CoC approved all four agenda items at its second meeting on 28 October 2026. The first approval covered ratification and reimbursement of expenses for registered valuers and inclusion of those valuation expenses in the insolvency resolution process cost.

The CoC also took note of the forensic auditor’s appointment and approved ratification, reimbursement and inclusion of forensic-audit costs in the process cost. The 31 October 2026 stock-exchange announcement does not disclose the audit’s scope, findings, cost or expected completion date.

The third approved item concerned the appointment of an accountant to maintain Auri Grow’s books of account, with related costs included in the process cost. The fourth approval covered the publication cost for Form G, which initiated the expression-of-interest process with the 13 November 2026 deadline.

The 31 October 2026 announcement was signed by Rajesh Jasti, the resolution professional, and states registration number IBBI/IPA-001/IP-P02317/2020-21/13469. Form G, dated 29 October 2026, states that no company website was operating or working, while the 31 October announcement listed a corporate website address; insolvency materials are directed to the process email.

Conclusion

Auri Grow’s Form G combines a formal applicant search with a reported revenue fall from Rs 179.4889 crore in audited FY2024-25 to Rs 13.795 crore in unaudited FY2025-26. The CIRP followed the 18 September 2026 tribunal admission, while the CoC’s 28 October 2026 approvals established funding for valuation, forensic audit, accounting and Form G publication costs.

The next disclosed dates are 13 November 2026 for expressions of interest, 8 December 2026 for the final applicant list and 13 December 2026 for issue of the information memorandum and plan-request documents. The key scheduled event is 8 January 2027, the deadline for eligible applicants to submit resolution plans.