Kartik Investments Trust Ltd

AGM details

• Date: 15 September 2026; start time 2:00 PM, end 2:20 PM.
• Mode: physical meeting at Tamarai Tech Park, Guindy, Chennai.
• Record date: 08 September 2026; shares on record: 269.

Key resolutions

• Resolution 1 (Ordinary): Adoption of financial statements and board's report; passed unanimously.
• Resolution 2 (Ordinary): Re-appointment of Jeeva Balakrishnan as Director retiring by rotation; passed with requisite majority.
• Resolution 3 (Special): Re-appointment of Aparna S as Independent Director for a second term; passed with requisite majority.

Voting results

• Item 1: Passed; 100% in favor, no votes against.
• Item 2: Passed; 136,601 in favor, 154 against (≈99.89%/0.11%).
• Item 3: Passed; 136,601 in favor, 154 against (≈99.89%/0.11%).

Director changes

• Jeeva Balakrishnan re-appointed as Director retiring by rotation.
• Aparna S re-appointed as Independent Director for a second five-year term.

AGM Details & Proceedings

• AGM held on 15 September 2026 at 2:00 PM in physical mode at Guindy, Chennai.
• Chairperson appointed due to absence of other directors.
• Quorum was present, and the meeting proceeded.
• Statutory and secretarial auditors attended the meeting.
• Notice and annual report for FY 2025-26 circulated electronically to members.
• Auditors’ report and secretarial audit report had no qualifications.
• Resolution 1: Adoption of financial statements for year ended 31 March 2026.
• Resolution 2: Re-appointment of Director retiring by rotation.
• Resolution 3: Re-appointment of Independent Director.
• Voting facility via remote e-voting; ballots at venue; results to be declared in two working days.
• Results will be posted on company and KFin websites and to stock exchanges.
• Meeting concluded at 2:20 PM.

Financial performance

• Total income 606.37 lakhs in FY2025-26; prior year 5.93.
• Profit after tax 509.93 lakhs; prior year (loss) 2.58.
• Total comprehensive income 421.95 lakhs; OCI net of tax -87.97.
• Earnings per share (basic/diluted) 208.99 Rs.
• Operating income 586.97; Other income 19.40.
• Profit before tax 596.52; Current tax 86.59.

Capital structure & liquidity

• Equity share capital 24.40 lakhs; net worth 841.81 lakhs.
• Debt-free: no borrowings; debt-equity ratio 0%.
• Cash and cash equivalents 9.16 lakhs; fixed deposits 572.00 lakhs.
• Total assets 887.56 lakhs.

Investments and assets

• FVOCI unquoted investments total 305.31 lakhs.
• Top FVOCI holdings: Chola Business Services 148.17; MS Risk Services 24.65.
• Other significant FVOCI holdings: Murugappa Management Services 36.73; Chola Insurance Distribution 95.67.

Dividends and shareholder value

• Dividend declared for FY2025-26: Nil.
• Shares outstanding: 2,44,000 (face value Rs 10 each).
• Top shareholders: Ambadi Investments Ltd 30.64%; Cholamandalam Financial Holdings 13.85%; Carborundum Universal 9.93%; EID Parry (India) 9.67%; Murugappa Foundation 5.01%.
• No dividend declared in the current year.

Governance & leadership

• Jeeva Balakrishnan appointed as Additional Director on 14 May 2025; later Non-Executive Non-Independent.
• R Chandrasekar resigned from the Board on 14 May 2025.
• Aparna S re-appointed as Independent Director for second term from 27 Aug 2026 to 26 Aug 2031 (subject to approval).
• Board meetings held: 5; Audit Committee: 5 meetings; NRC: 2 meetings.
• Secretarial audit by SRIDHARAN & SRIDHARAN Associates; no qualifications.

Related party transactions

• Related parties include Ambadi Investments Ltd; Cholamandalam Financial Holdings; Parry entities; Murugappa group bodies.
• Sale of Parry Enterprises India Limited shares to Ambadi Investments Limited for Rs 6.02 crore (8 Oct 2025).
• Sittings fees to Director Nagarajan: 0.50 during FY2025-26.

Audit, internal control & disclosures

• Statutory auditors: M/s N Raghavan & Associates; Secretarial auditors: SRIDHARAN & SRIDHARAN Associates.
• Internal financial controls deemed adequate and operating effectively.
• No frauds, no material regulatory orders; annual return available on the company website.

Financial results

• Unaudited Q1 FY2026 results approved for quarter ended 30 June 2026.
• Total income for Q1 2026: 9.31; no revenue from operations.
• Profit before tax 7.41; net profit after tax 5.54.
• Limited Review Report by NRaghavan & Associates included.

Governance & AGM

• Ms Aparna S reappointed Independent Director for five-year term.
• Term from 27 Aug 2026 to 26 Aug 2031.
• Subject to shareholders' approval.
• AGM scheduled for 15 September 2026.
• Ms Aparna S: Chartered Accountant, Company Secretary, Cost Accountant.
• Ms Aparna S not related to any directors.

Dematerialisation details

• Details of dematerialised/rematerialised securities for the period were furnished to all stock exchanges.

Financial Performance 📊

• Q3 FY26 revenue from operations rose to Rs 584.65 lakh from Rs 2.32 lakh YoY.
• Total income for Q3 FY26 was Rs 593.39 lakh, up from Rs 3.19 lakh in Q3 FY25.
• Profit before tax surged to Rs 590.09 lakh in Q3 FY26 vs Rs 1.07 lakh YoY.
• Net profit after tax was Rs 508.76 lakh in Q3 FY26 compared to Rs 1.07 lakh in Q3 FY25.
• Total comprehensive income stood at Rs 355.28 lakh in Q3 FY26 vs Rs 1.07 lakh YoY.
• Earnings per share (basic and diluted) for Q3 FY26 was Rs 208.51 vs Rs 0.44 YoY.

Other Items

• Other comprehensive loss from equity instruments was Rs 178.31 lakh in Q3 FY26.
• Board approved Q3 and 9M FY26 results on February 5, 2026.
• Company operates solely in the investment business segment.
• Transferred 201,600 equity shares of PEIL from KITL to Ambadi Investments Limited on October 8, 2025.