KDDL Ltd

KDDL Ltd trading window closure

AGM Details

• Date: 15 September 2026.

Dividend

• Interim dividend of Rs 15 per share and final dividend of Rs 8 per share for FY2025-26.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adopt standalone and consolidated financial statements; Passed.
• Resolution 2 (Ordinary): Interim dividend of Rs 15 and final dividend of Rs 8 per share; Passed.
• Resolution 3 (Ordinary): Re-appoint Sanjeev Kumar Masown on rotation; Passed.
• Resolution 4 (Special): Incentive payout to Yashovardhan Saboo for FY2025-26; Passed.
• Resolution 5 (Special): Incentive payout to Sanjeev Kumar Masown for FY2025-26; Passed.
• Resolution 6 (Ordinary): Authorise borrowings via unsecured fixed deposits from shareholders; Passed.
• Resolution 7 (Ordinary): Ratification of remuneration to Cost Auditor for FY 2026-27; Passed.

Auditors & Governance

• Remuneration to Cost Auditor ratified for FY 2026-27.

AGM Details

• AGM held on 15 September 2026 via VC/OAVM; start 03:00, end 03:16 IST.
• Notice, financial statements, Board Report, and Auditors' Report taken as read.
• E-voting remotely from 11–14 September; on-site voting permitted at AGM.
• Scrutinizer appointed for e-voting; results to be declared within two working days.

Resolutions & Voting Status

• Resolutions to be voted as per AGM notice; e-voting results to be declared within two working days.
• Remote e-voting conducted Sep 11–14; combined results to be announced.
• Results to stock exchanges and on company/NSDL websites.

Promoter share sale update

• Promoter group of KDDL Limited disclosed share disposal under SEBI Reg 29(2).
• Before disposal: 62,02,426 voting rights (50.43%).
• After disposal: 59,20,947 voting rights (48.14%).
• Net reduction: 2,81,479 voting rights, 2.29 percentage points.
• Mode: inter-se transfers and open market sales.
• Disposals occurred May 25–29, 2026; acquisition on June 29, 2026; update August 21, 2026.
• Total voting capital remains 12,299,280 shares (unchanged).
• Promoter stake now 48.14%; promoter group remains acquirer.
• Filing date: 24 August 2026; Place: Gurugram.

Key ESG and governance updates

• Annexure V reports BRSR for FY2025-26, including ESG metrics, CSR, and governance.
• Watch components accounted for 55.2% of turnover; precision engineering 39.4%; packaging 4.6%.
• Total energy use was 28,495.4 GJ, with renewables 1,141.7 GJ and non-renewables 27,353.7.
• GHG emissions: Scope 1 499.5, Scope 2 4,679.6, Scope 3 1,406.7 tCO2e.
• CSR turnover is Rs 4,95,80,42,650; net worth Rs 3,83,92,18,913.
• Million Tree Project aims to plant one million trees by 2030.
• Board has 10 directors with 2 women (20%); KMP count is 3.
• Anti-corruption policy exists; Code of Conduct linked on company site.
• Related party transactions: purchases 0.1%, sales 5.8%, loans 46.3%, investments 100%.
• No Social Impact Assessment conducted in FY2025-26.

Record date for final dividend

• Record date fixed as September 8, 2026 for determining dividend eligibility.
• Dividend, if declared at AGM, relates to FY ended March 31, 2026.

AGM details

• AGM date/time/mode: 15 September 2026, 03:00 PM IST, VC/OAVM.
• Venue deemed at registered office; AGM conducted via VC/OAVM.
• Record date for final dividend: 8 September 2026.

Ordinary business

• Adopt Audited Financial Statements (Standalone and Consolidated) for year ended 31 March 2026.
• Interim dividend of Rs 15 per share paid.
• Final dividend Rs 8 per share proposed.
• Re-appoint Sanjeev Kumar Masown as Director, retire by rotation.

Special business

• One-time incentive payout to Yashovardhan Saboo: Rs 61.71 Lacs.
• One-time incentive payout to Sanjeev Kumar Masown: Rs 49.04 Lacs.
• Borrowings from shareholders via unsecured fixed deposits; within Section 73 limits.
• Ratify remuneration to Cost Auditor for 2026-27 up to Rs 1 Lakh plus GST and expenses.

Key financials and distributions

• Consolidated revenue from operations: Rs 2,15,343.10 Lacs (FY2025-26).
• Consolidated total income: Rs 2,20,777.58 Lacs (FY2025-26).
• Consolidated PAT: Rs 13,517.71 Lacs (FY2025-26).
• Basic EPS: Rs 71.63 (FY2025-26).
• Interim dividend: Rs 15 per share; proposed dividend: Rs 8 per share.
• Total dividend for FY2025-26: Rs 23 per share.
• 46th AGM: 15 Sept 2026, via VC/OAVM; record date 8 Sept 2026.
• Geography: India revenue Rs 1,77,009.71 Lacs; outside India Rs 38,333.39 Lacs.

Business Overview

• Core business: watch components, premium packaging, and precision engineering.
• Segments: Dials & Hands, Bracelets, Cases & Related Parts, EIGEN, Ornapac.
• Global footprint in India and Switzerland; export-led revenue.
• Favre-Leuba acquisition completed (2023) with global relaunch.
• Estima AG acquired (2019) for hands and dials.
• Steel bracelets commercial production started in 2024.
• Ethos listing on BSE/NSE (2022) and ongoing automation investments.

Operational Highlights

• Standalone Q1FY27 revenue rose 39.8% YoY to Rs 153.9 Cr.
• Consolidated Q1FY27 revenue Rs 633.8 Cr; YoY growth 36.3%.
• Standalone EBITDA Rs 35.7 Cr; margin 23.2%.
• Consolidated EBITDA Rs 108.4 Cr; margin 16.76%.
• Standalone PAT Rs 19.5 Cr; margin 12.6%.
• Consolidated PAT Rs 44.7 Cr; margin 6.92%.
• FY26 Standalone: Total Income Rs 506.0 Cr; EBITDA Rs 116.9 Cr; PAT Rs 76.6 Cr.
• FY26 Consolidated: Total Income Rs 2,207.8 Cr; EBITDA Rs 363.2 Cr; PAT Rs 135.2 Cr.

Financial Performance

• FY26 standalone gross margin 74.9%; EBITDA margin 23.1%; EBIT margin 18.3%.
• FY26 consolidated gross margin 42.2%; EBITDA margin 16.4%; EBIT margin 10.9%.
• Q1FY27 standalone gross margin 73.8%; EBITDA margin 23.2%; EBIT margin 19.2%.
• Q1FY27 consolidated gross margin 43.43%; EBITDA margin 16.76%; EBIT margin 11.38%.
• FY26 standalone PAT margin 12.0% (approx.); FY26 consolidated PAT margin 6.1%.

Capital Structure & Liquidity

• Standalone equity Rs 383.9 Cr; borrowings: non-current Rs 62.0 Cr, current Rs 48.0 Cr.
• Consolidated equity Rs 1,917.9 Cr; borrowings: non-current Rs 73.9 Cr, current Rs 82.6 Cr.
• Standalone cash & equivalents Rs 13.8 Cr; consolidated cash Rs 208.5 Cr.
• Total assets: Standalone Rs 625.0 Cr; consolidated Rs 2,754.8 Cr.

Strategic Priorities & Outlook

• Long-term growth targets by segment: Dials 10-12% CAGR; Bracelets 20-25%.
• Eigen 20-25% CAGR; Ornapac packaging ₹80-100 Cr potential; Cases ₹50-75 Cr.
• Expand export footprint; deepen OEM partnerships; continue automation investments.

Risks & Mitigation

• Forward-looking statements subject to risks: earnings fluctuations, growth management, competition, policy, interest costs.
• Mitigation: diversify segments, geographic diversification, and ongoing automation.

Governance & Leadership

• No governance/management changes disclosed in this update.
• Key contact: CFO Sanjeev Masown; investor relations via the company.