KCP Sugar & Industries Corporation Ltd

Rating Action & Outlook

• CARE Ratings reaffirmed all ratings for bank facilities and fixed deposits.
• Long Term Bank Facilities: Rs 70.00 crore; CARE A-; Stable.
• Long Term / Short Term Bank Facilities: Rs 65.00 crore; CARE A-; Stable / CARE A2+.
• Short Term Bank Facilities: Rs 54.09 crore; CARE A2+.
• Fixed Deposit: Rs 91.22 crore; CARE A-; Stable.
• Outlook: Stable for long-term and FD ratings.
• Total rated facilities: Rs 189.09 crore.
• FD outstanding: Rs 68.43 crore as of 31 March 2026.
• LT facilities increased to 70.00 from 63.20.
• LT/ST facilities increased to 65.00 from 30.00.
• ST facilities decreased to 54.09 from 59.09.

Rationale & Key Drivers

• Rationale cites FY26 audited and Q1FY27 unaudited performance as basis.
• Ratings subject to annual surveillance and ongoing information monitoring.

KCP Sugar & Industries Corporation Ltd — Trading window closed from 1 October 2026 till 48 hours after declaration of unaudited financial results for the quarter ending 30 September 2026.

AGM details

• AGM held on 24 September 2026 at 11:00 A.M. via VC/OAVM.
• Cut-off date for voting eligibility: 17 September 2026.
• Remote e-voting conducted 21–23 September 2026.

Resolutions and outcomes

• Resolution 1: Adoption of Audited Financial Statements and Consolidated; Ordinary; passed.
• Resolution 2: Dividend declaration at 10% on face value; Ordinary; passed.
• Resolution 3: Reappointment of Vinod R. Sethi by rotation; Ordinary; passed.
• Resolution 4: Minimum remuneration to Executive Director for FY 2025-26; Special; passed.
• Resolution 5: Remuneration for Cost Audit FY 2026-27 to SRR and Associates; Ordinary; passed.

Director changes

• Vinod R. Sethi reappointed as director (retire by rotation).

Auditor actions

• Remuneration approved for Cost Audit FY 2026-27 to SRR and Associates.

AGM Details

• 31st AGM held 24 Sep 2026 at 11:00 AM via VC/OAVM
• Cut-off date for voting rights: 17 Sep 2026
• Remote e-voting conducted 21–23 Sep 2026; AGM voting via NSDL

Key Resolutions and Voting

• Resolution 1 (Ord): Adoption of Audited Financial Statements; Passed (99.9996% in favour)
• Resolution 2 (Ord): Dividend at 10% on face value; Passed (99.9909% in favour)
• Resolution 3 (Ord): Reappointment of Vinod R. Sethi by rotation; Passed (99.9766% in favour)
• Resolution 4 (Special): Minimum remuneration to Executive Director FY 2025-26; Passed (99.9709% in favour)
• Resolution 5 (Ord): Cost Audit remuneration to SRR and Associates for FY 2027; Passed (99.9986% in favour)

Auditor and Remuneration

• Cost Audit remuneration approved for SRR and Associates, Cost Accountants, Chennai

Director Changes

• Director Vinod R. Sethi reappointed by rotation; eligible

AGM details

• AGM held Sept 24, 2026 at 11:00 AM via VC/OAVM.
• Voting cut-off date: Sept 17, 2026.
• Remote e-voting window: Sept 21-23, 2026.
• No physical attendance or proxies allowed.

Dividend

• Dividend declared at 10% of face value; per-share amount not disclosed.

Key resolutions and outcomes

• Resolution 1 (Ord): Adopt audited financial statements; passed 99.9996% in favour.
• Resolution 2 (Ord): Declare dividend at 10%; passed 99.9909% in favour.
• Resolution 3 (Ord): Reappointment of Vinod R. Sethi; passed 99.9766% in favour.
• Resolution 4 (Special): Minimum remuneration to Executive Director; passed 99.9709% in favour.
• Resolution 5 (Ord): Remuneration for Cost Audit; passed 99.9986% in favour.

Director changes

• Vinod R. Sethi reappointed as director; retires by rotation.

Cost audit remuneration & other approvals

• Remuneration for Cost Audit for FY2027 approved.

AGM Details

• AGM held 24 September 2026 at 11:00 IST via VC/OAVM.
• Concluded at 11:41 IST.
• Quorum: 58 members joined virtually.
• No record date disclosed.

Key Resolutions

• Adoption of audited standalone and consolidated financial statements for FY 2025-26.
• Dividend declared at 10% on face value of equity shares.
• Appointment of Director in place of Vinod R. Sethi, retiring by rotation.
• Ratification of minimum remuneration paid to Executive Director during FY 2025-26.
• Ratification of remuneration to Cost Auditor for FY ending 31 March 2027.

Voting Results

• Outcomes of all resolutions not disclosed in the summary.

Dividend

• Dividend proposal: 10% on face value.

Directors & Auditors

• Proposed reappointment of Vinod R. Sethi as Executive Director.
• Statutory Auditors: B. Purushottam & Co.
• Remuneration to Cost Auditor for FY ending 31 March 2027 ratified.

Related Party Transactions

• No material related party transactions disclosed.

Other material approvals

• No additional material approvals disclosed.

Regulatory disclosure (SEBI SAST 29(2))

• Acquirer: Sethi Funds Management Private Limited acquired 125,000 shares (0.11% of total issued and paid-up capital).
• Mode of acquisition: Open Market.
• Disclosure filed under SEBI SAST Regulation 29(2) on 3 September 2026.

AGM details

• AGM via VC/OAVM on 24 September 2026 at 11:00 AM IST.
• Record date for dividend and member eligibility set at 17 September 2026.
• Register of members and share transfer register closed 18-24 September 2026.

Key resolutions

• Adoption of audited standalone and consolidated financial statements for the year ended 31/03/2026.
• Dividend of Rs.0.10 per share.
• Reappointment of Vinod R. Sethi as Director, retire by rotation.
• Ratify minimum remuneration paid to Executive Director for FY 2025-26.
• Remuneration of Cost Auditor Rs 2,00,000 for FY ending 31/03/2027.

Purpose

• Unaudited standalone and consolidated quarterly results for the quarter ended 30 June 2026.

Financial highlights

• Standalone revenue from operations ₹6,813.88 lakh and other income ₹5,477.56 lakh.
• Consolidated revenue ₹7,802.66 lakh and consolidated other income ₹5,552.47 lakh.
• Standalone PBT ₹5,314.34 lakh; consolidated PBT ₹5,417.54 lakh.
• Standalone PAT ₹4,556.47 lakh; consolidated PAT ₹4,624.77 lakh.
• Standalone EPS ₹4.02; consolidated EPS ₹4.08.

Segment notes

• Standalone segment revenue components: Sugar ₹3,874.34 lakh; Chemicals ₹655.83 lakh; Engineering ₹186.48 lakh; Others ₹2,236.12 lakh.
• Inter-segment revenue ₹138.89 lakh; standalone segment revenue ₹6,952.77 lakh.
• Fair value gain on equity investments ₹5,121.91 lakh in the current quarter.

Group structure

• Holding company: K.C.P Sugar and Industries Corporation Limited.
• Subsidiaries include KCP Sugars Agricultural Farms Limited and THE EIMCO-K.C.P Limited; Quality Engineering is a step-down subsidiary.