Business · Markets · 1 hr ago
Ashish Kacholia and an associate hold 2.7% of Ardee Industries
Investor Ashish Kacholia and an associate entity together hold about 2.7% of Ardee Industries, an Indian company that recycles used lead-acid batteries and lead scrap.
Kacholia bought his shares before the company’s August 2026 stock-market listing, while the associate received shares in an allocation for anchor investors.
Ardee’s revenue more than doubled between FY24 and FY26, and its net profit rose from ₹8.95 crore to ₹84.7 crore.
The company also expanded production capacity and increased exports to eight countries.
Recent results showed margins under pressure: in the June quarter, revenue rose 35.2% year on year, but net profit grew about 6% and Ebitda was broadly flat.
Management cited global uncertainty, shipping disruptions, higher freight costs and more expensive imported scrap.
The key test is whether Ardee can grow while protecting profitability; management expects volume growth of 10% to 20% in the current financial year.
Ashish Kacholia and an associate entity together hold about 2.7% of Ardee Industries.
Kacholia bought 3,773,600 shares before the company’s initial public offering at ₹53 each.
Bengal Finance and Investment received 4,717,147 shares in Ardee’s anchor investor allocation, also at ₹53 each.
Ardee’s revenue and profit rose sharply between FY24 and FY26, but its latest results showed pressure on margins.
Higher freight costs, shipping disruptions and imported scrap costs weighed on profitability, according to management.
- Who
- Ashish Kacholia and Bengal Finance and Investment, an entity linked to him.
- What
- Together they hold about 2.7% of Ardee Industries.
- When
- The investments were made in July 2026; the stake was reported in September 2026 shareholding data.
- Where
- Ardee Industries is the company involved. The sources do not state its location.
- Why
- Kacholia has not publicly disclosed his specific reason for investing.
This story does not have two clearly opposing sides.
Kacholia acquired shares in pre-IPO transactions at ₹53 each, and Bengal Finance and Investment received shares in the anchor investor allocation at the same price.
Ardee Industries listed, opening at ₹73.60 on the BSE.
Shareholding data showed Kacholia held a 1.20% stake in the company.
Ardee’s stock traded around ₹48, below its listing and IPO prices.
- Combined holding
- About 2.7% of Ardee Industries
- Kacholia holding
- 3,773,600 shares, or 1.20%
- Bengal Finance and Investment holding
- 4,717,147 shares
- Share purchase price
- ₹53 per share
- FY24 to FY26 revenue
- Rose from ₹463 crore to ₹1,168 crore
- June-quarter Ebitda margin
- 9.90%, down from 13.44% a year earlier