Arigato Universe Limited (formerly **Saboo Brothers Limited**) is an Indian listed entity (BSE: **530267**) currently undergoing a foundational transformation. Following a change in management control in early **2024**, the company has pivoted from its legacy roots in Information Technology toward a diversified industrial model focused on **Construction Materials, Infrastructure, and Real Estate**. The company has recently relocated its headquarters to **Maharashtra**, overhauled its leadership, and significantly expanded its capital borrowing powers to facilitate a high-growth trajectory in the Indian infrastructure and manufacturing sectors. --- ### **Corporate Transition & Leadership Mandate** The company’s current trajectory is defined by a successful **Open Offer** completed on **February 13, 2024**, which transferred management control to **Mr. Rajan Kantilal Shah** and associated entities. * **Acquisition Details:** The new promoter group acquired **48.90%** of the voting share capital (**29,80,788 shares**) and executed an open offer for an additional **26.00%** (**15,85,012 shares**) at a price of **₹18.50 per share**. * **New Leadership:** **Mr. Rajan Kantilal Shah** assumed the role of **Managing Director** for a five-year term effective **October 1, 2024**. The leadership team includes **Mr. Sanket Rajan Shah** (Masters in Entrepreneurship and Innovation), focusing on strategy and business development. * **Identity Rebrand:** The transition from **Saboo Brothers Limited** to **Arigato Universe Limited** in **2024** signals a clean break from legacy operations and a commitment to a new "Universe" of industrial and service-based activities. --- ### **Core Business Verticals & Operational Focus** Arigato Universe has consolidated its operations into a single reporting segment while maintaining a diversified portfolio of products and services: | Vertical | Key Activities & Products | | :--- | :--- | | **Manufacturing & Trading** | Production of **Ready-Mix Concrete (RMC)**, rubber blocks, pavers, and construction-grade scrap. | | **Infrastructure & Smart Cities** | Execution of municipal contracts, including projects for **Pune Smart City** and **Udgir Municipal Council**. | | **Real Estate & Hospitality** | Land development, dealing in immovable properties, and developing recreational/hospitality assets. | | **Commodity Dealing** | Trading in industrial materials, fiber, polyethylene compounds, and copper. | **Strategic Relocation:** The company moved its registered office from **Udaipur, Rajasthan** to **Nagpur, Maharashtra**. This move was strategic, aimed at accessing the robust infrastructure market in Maharashtra and satisfying the requirements of financial institutions in the region that have expressed willingness to provide credit facilities. --- ### **Financial Performance & Capital Expansion Strategy** The company is in a "ramp-up" phase, characterized by surging top-line revenue but temporary bottom-line pressure due to transition costs and increased expenditure. #### **Comparative Financial Summary (INR Lakhs)** | Metric | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | | :--- | :--- | :--- | :--- | :--- | | **Total Income** | **770.35** | **214.37** | **56.21** | **64.09** | | **Total Expenditure** | **1,100.80** | **186.35** | **50.64** | **45.46** | | **Profit/(Loss) After Tax** | **(330.58)** | **23.65** | **4.55** | **10.28** | #### **Aggressive Capital Structuring** To fund its new industrial ambitions, the company has secured shareholder approval for a massive expansion of its financial capacity: * **Authorized Share Capital:** Increased from **₹6.51 Crore** to **₹21.51 Crore** (representing **2,15,10,000** equity shares). * **Borrowing Limits:** The Board is now authorized to borrow up to **₹200 Crore**—a significant leap from previous limits—via debentures, bonds, **FCCBs**, or bank loans. * **Asset Recovery:** Management is actively pursuing the recovery of **₹8.28 Crore** in financial assets, including **₹2.1 Crore** that has been outstanding for over three years. * **Credit Rating Target:** The company has set a long-term goal to achieve and maintain a **BBB+ stable** domestic rating. --- ### **Risk Profile & Mitigation Framework** As a company in transition, Arigato Universe faces a unique set of regulatory and market-driven risks. #### **1. Regulatory & Compliance Risks** * **Section 186 Compliance:** Auditors flagged a qualification in **FY 2024-25** regarding loans granted in excess of statutory limits without prior requisite approvals. * **Listing Status:** Historically, the company was moved to the **T/XT/MT/TS group** by the BSE in **2022** due to reporting delays; current management is focused on stringent **Ind-AS** and SEBI compliance to prevent future reclassifications. #### **2. Operational & Market Risks** * **Input Volatility:** Profitability is sensitive to the cost of raw materials like **copper, fiber, and polyethylene**. * **Project Execution:** The construction segment is vulnerable to project delays, design changes, and the complexity of municipal contracts. * **Economic Sensitivity:** Growth is heavily reliant on government initiatives such as the **Pradhan Mantri Awas Yojana** and national infrastructure budget allocations. #### **3. Financial Risk Management** The company employs a Board-approved framework to manage its **₹416.90 Lakhs** in fixed-rate borrowings (as of March 2025): * **Credit Risk:** Managed through an average credit period of **90 to 120 days** and rigorous creditworthiness assessments. * **Liquidity Risk:** Mitigated by maintaining committed bank credit facilities and diversifying financing sources. * **Foreign Exchange:** Currently **zero exposure**, as the company has no global operations as of FY25. --- ### **Future Outlook** Arigato Universe Limited is positioning itself as a lean, infrastructure-focused player. By exiting the low-margin IT services sector and investing in **SAP ERP** systems and modern manufacturing (RMC and pavers), the company aims to capitalize on India's urban development wave. While the transition has resulted in a short-term net loss, the massive increase in **Authorized Capital** and **Borrowing Limits** suggests that the new management is preparing for significant asset acquisition and large-scale project bidding in the **2025-2030** cycle.