K. V. Toys India Ltd

K. V. Toys India Limited — Closure of Trading Window from 1 October 2026 until 48 hours after declaration of unaudited financial results for the half year ending 30 September 2026

AGM Details

• AGM held Friday, 14 August 2026 at 11:30 IST via VC/OAVM.
• Record date fixed at close of business on 07 August 2026.
• Remote e-voting window 11–13 August 2026 and concluded 5:00 PM IST.

Resolutions and outcomes

• Item 1: Ordinary; adopt audited financial statements; passed.
• Item 2: Ordinary; re-appoint Karan Narang by rotation; passed.
• Item 3: Ordinary; re-appoint Vishal Narang by rotation; passed.
• Item 4: Ordinary; appoint CS Naveen Karn as Secretarial Auditor; passed.

AGM Details

• 3rd AGM held on 13 August 2026 at 11:30 IST via VC/OAVM.
• Deemed venue: Registered Office.

Resolutions & outcomes

• Adoption of standalone and consolidated financial statements approved.
• Re-appointment of Karan Narang approved by rotation.
• Re-appointment of Vishal Narang approved by rotation.
• Appointment of CS Naveen Karn as Secretarial Auditor and Scrutinizer approved.

Directors

• Karan Narang re-appointed as Chairman and Managing Director.
• Vishal Narang re-appointed as Whole-Time Director.

Auditors

• Secretarial Auditor appointed: CS Naveen Karn; also Scrutinizer.

Financial performance

• Standalone total income ₹17,517.14 lakh; YoY growth 104.3%.
• Standalone PAT ₹876.77 lakh; net margin 5.0% (FY25 5.3%).
• Standalone basic/diluted EPS ₹17.15; up from ₹13.34.
• Consolidated revenue ₹17,479.34 lakh; PAT ₹874.31 lakh; consolidated EPS ₹17.11.
• Operating cash flow ₹-1,402.18 lakh; investing ₹174.93 lakh; financing ₹2,515.29 lakh.
• IPO proceeds ₹4,015.20 lakh; ₹2,089.31 utilised (52%); ₹1,925.89 unutilised.
• Equity capital ₹628 lakh; total equity ₹5,477.49 lakh; debt reduced post-IPO.
• Current ratio 4.72x; debt‑to‑equity 0.23x; liquidity improved.
• Domestic sales ₹17,475.86 lakh; exports ₹3.48 lakh; total ₹17,479.34 lakh.

Strategy & business model

• Transforming from distributor to 'House of Play' with QUCO/ZOZO brands.
• Multi-channel reach: general/modern trade, e‑commerce, quick commerce; 1,400+ wholesalers; 18 states.
• 700+ active SKUs across 8+ categories; 1 Lakh+ sq ft assembly/warehousing.
• Strategic expansions: Indo Manufacturers LLP, Crayonix Stationery, Just Bear Private Limited.
• Export journey: first commercial shipment to Germany; plan to expand regulated markets.
• IPO listing on BSE SME platform in Dec 2025; governance signal.
• Backwards integration to enhance manufacturing flexibility and supply resilience.

Capital structure & liquidity

• IPO funds: ₹2,091.80 lakh for working capital; ₹1,169.82 lakh for loan repayments; ₹417.09 general; ₹336.49 expenses.
• Utilisation of IPO proceeds: 52.0% utilised; ₹1,925.89 lakh unutilised.
• Unutilised IPO proceeds parked in fixed deposits ₹1,050.00 lakh and mutual funds ₹875.89 lakh.
• Paid-up capital ₹628.00 lakh; reserves ₹4,849.49 lakh; total equity ₹5,477.49 lakh.
• Total assets ₹8,255.33 lakh; cash/bank ₹1,531.38 lakh; current assets ₹8,013.91 lakh.
• Short-term borrowings ₹5.98 lakh; long-term borrowings ₹1,252.84 lakh.
• Current ratio 4.72x; debt‑equity 0.23x; IPO proceeds supported growth and working capital.

Governance & risk flags

• Statutory auditors: Shubham D Jain & Co; Secretarial auditor: Naveen Karn; unmodified audit opinions.
• Emphasis of matter on pre‑incorporation transactions of Just Bear Private Limited; recoverability claimed.
• Board meetings: 21 times in FY26; CFO change: Kunal Shah since July 21, 2025.
• Karan Narang and Vishal Narang re-appointed; governance aligned with SME listing exemptions.
• SME listing exemption; Corporate Governance report not part of AR.
• Risks: working capital intensity; integration of new subsidiaries; reliance on IPO proceeds; regulatory exposure.

Operations & distribution

• Asset-light model; diversified multi-channel distribution; 1,400+ wholesalers; 30 modern trade partners.
• Exports initiated; first shipment to Germany; aim to expand international footprint.
• Product categories: toys, stationery, gifting, lifestyle; BIS/SEDEX/EN71/ISI certifications.
• Manufacturing via OEM partners; expanded through Indo Manufacturers LLP and backward integration.
• Balance of channels: General Trade, Modern Trade, E‑Commerce, Quick Commerce.
• Joint venture/owned units: 1 JV manufacturing unit; 1 owned unit; diversified manufacturing setup.

Subsidiaries & associate

• Subsidiaries: Crayonix Stationery Private Limited (65%), Indo Manufacturers LLP (55%).
• Associate: Just Bear Private Limited (27%).
• FY26: Crayonix and Indo revenues nil; Just Bear revenue nil; group share of Just Bear loss ₹0.875 lakh.
• Consolidated results include subsidiaries and associate; Just Bear note emphasizes pre‑incorporation arrangements.

CSR & ESG

• CSR expenditure ₹5,95,422; 100% of annual obligation fulfilled.
• CSR focus: education, healthcare, environmental sustainability, rural development; Just For Good Foundation.
• CSR Committee formed; policy accessible on company website.
• CSR activities include education, healthcare access, and community upliftment.

Q1 FY27 highlights

• K. V. Toys India Limited reported Q1 FY27 total income ₹4,462 lakhs, up 23% YoY.
• Q1 FY27 total income rose from ₹3,639 lakhs in Q1 FY26.
• Company focuses on expanding proprietary QUCO platform across toy categories.
• Manufacturing facility is SEDEX, ISI, BIS certified, reinforcing quality standards.
• Participated in the 17th Toy Biz International B2B Exhibition to engage distributors and retailers.
• Expanding domestic market reach while pursuing export opportunities.
• Continuing to invest in product innovation, operational excellence and customer engagement.

Governance changes and corporate actions

• CFO Vishal Narang resigned effective 21 July 2025.
• Ms. Heta Shah appointed Company Secretary and Compliance Officer from 11 Feb 2025.
• Mr. Kunal Shah appointed CFO from 21 July 2025.
• Company converted into a Public Limited company.
• Launched IPO of 1,680,000 equity shares; applied for in-principle listing on BSE SME.

Regulatory filings and compliance updates

• CHG-1 filings for two charges dated 19 May 2025 and 22 May 2025 were late.
• MGT-14 filings: MOA Object Clause changes on 9 Sept 2025 and 15 Jan 2025, including KV Impex.
• MGT-14 investments: ₹65,000 in Crayonix Stationery Pvt Ltd (6,500 shares) and ₹55,000 in Indo Manufacturers LLP; late.
• PAS-6 filed after due date; all issued equity shares dematerialised; no physical shares.
• Registered office shifted to Thane West; 19 March 2026; IPO listing application filed with BSE SME.

Dematerialisation processing status

• Dematerialisation requests processed and confirmed to depositories; securities listed on exchanges.
• Physical certificates received for dematerialisation mutilated, cancelled after verification; depository's name updated as registered owner within prescribed timelines.

Exhibition participation

• KV Toys India will participate in the 17th Toy Biz International B2B Exhibition to showcase products.