K&R Rail Engineering Ltd

Governance changes

• Amit Bansal resigns as Whole-Time Director and CEO, effective 20 August 2026.
• Manoj Jha appointed Additional ED and CEO, effective 20 August 2026, subject to approval.

Overall compliance status

• The company complied with SEBI regulations during the review period except for website disclosures verification.

Key non-compliances

• Non-compliance: website disclosures under Regulation 27(2) not verifiable due to website maintenance.

Remedial actions

• Remedial actions: none specified; website under maintenance.

Board and committee

• No board or committee constitution issues reported.

Website and disclosures

• Website: site under maintenance; timely disclosures could not be independently verified.

Subsidiary compliance

• Material subsidiary review completed; no consolidation issues.

Regulatory actions

• No SEBI or stock exchange actions reported.

Special situations

• No insolvency, liquidation, or exemption status reported.

Meeting Details

• Date, time, and location of the board meeting are not disclosed in this filing chunk.

Key Agenda Items

• No major agenda items (financial results, dividends, appointments, capital changes) disclosed in this chunk.

Other Notes

• No trading window closure periods or other material governance actions disclosed.

Board actions

• Board approved audited standalone and consolidated results for year ended 31 Mar 2026.
• Internal Auditor appointed: M/s M G S Reddy & Co for FY2026-27.

Auditor's report

• Standalone Ind AS financials issued with a qualified opinion.
• Key audit matters include revenue recognition, litigations, and income taxes.

Standalone results

• Turnover/Total income: Rs 15,09,998 thousand.
• Total expenditure: Rs 16,91,836 thousand.
• Net loss after tax: Rs 1,78,507 thousand.
• EPS: (5.18) per share.
• Total assets: Rs 9,22,194 thousand.
• Net worth: Rs 8,25,071 thousand.

Consolidated results

• Consolidated total assets: Rs 14,49,786 thousand.
• Consolidated net worth: Rs 8,37,463 thousand.

Audit qualifications & controls

• Internal financial controls over financial reporting not commensurate with size.
• Trade receivables/payables confirmations pending; advances with no provision.
• Transport documents not available for some purchases; alternative evidence used.
• Management's view: recover entire receivables and payables within due dates.

Key audit matters

• Revenue recognition under fixed-price contracts via percentage of completion.
• Significant tax provisions and litigations; substantial judgments required.

Going concern

• Auditors note material uncertainty regarding going concern as of the audit date.

Board meeting rescheduled

• Meeting postponed to Thursday, 13 August 2026 due to non-availability of Directors.
• Original date was Wednesday, 12 August 2026.

Agenda and trading window

• To consider and approve Audited Financial Results for the quarter and year ended March 31, 2026.
• Trading window remains closed from April 18, 2026 until 48 hours after results disclosure.
• Trading window applies to designated persons and immediate relatives.

Meeting Details

• Date, time, and location of the scheduled board meeting are not disclosed in the filing.

Key Agenda Items

• No specific agenda items disclosed in the filing.

Other Notes

• Trading window details are not specified in this filing.

Dematerialisation and listing status

• Dematerialisation requests processed; certificates mutilated and cancelled after verification.
• Depository name substituted as registered owner in records within the prescribed time.
• Securities dematerialised are listed on the stock exchanges where earlier issued securities are listed.
• Actions completed within 15 days of receiving security certificates from the DP.

Appointment

• Mr. Mulam Veeranjaneyulu was appointed Chief Financial Officer of K & R Rail Engineering Limited.