Keerthi Industries Ltd

Financials

• Q1 FY2027 revenue from operations: 191143 Lakhs (Unaudited).
• Net loss for the quarter: Rs 714.25 Lakhs.
• Current liabilities exceed current assets by Rs 57.40 Crores.
• Operations suspended from June 12, 2026 due to adverse market conditions.
• Slump sale of Electronic Division completed Mar 31, 2026; gain 821.89 Lakhs.
• 43rd AGM scheduled for Sep 24, 2026 via VC/OAVM.
• MD salary reduced to Rs 2 Lakhs per month; Chairperson to Rs 1 Lakh.
• Going concern basis; management expects funding to meet obligations.
• Independent Auditor's review unmodified; going concern uncertainty noted.

Disclosures & Outlook

• Remuneration waivers approved per board due to financial distress (MD and Chairperson).
• The company monetized non-core assets and disposed Electronic Division in prior year.
• Limited review by auditors with no material misstatement observed.

Pledge release and encumbrance status

• Release of pledge on 2,405,021 Keerthi Industries shares pledged with Axis Bank by promoter Seshagiri Rao Jasti.
• Pledged share value: Rs 99,808,371.50.
• Release date: 10 August 2026; intimation to company: 11 August 2026.
• Post-release promoter holding remains 3,081,559 shares (38.44% of total).
• Encumbrance on the pledged shares released; no encumbrance post-event.
• Disclosures filed under SEBI PIT Regulation 7(2) and SEBI SAST Regulations 29(2) 31(1)(2).
• Lender: Axis Bank Limited; collateral pledged against promoter shares.
• Promoter involved: Seshagiri Rao Jasti (Promoter and MD) with 38.44% stake.

Encumbrance release details

• Target company: Keerthi Industries Limited; promoter Seshagiri Rao Jasti releases pledge on 2,405,021 shares.
• Before event, promoter held 3,081,559 shares (38.44%); encumbered 2,405,021 shares (30%).
• Event: Release of pledge dated 10 August 2026; pledged as collateral.
• Lender: Axis Bank Limited; end-use: collateral for loan.
• Post-event encumbered holding shown as 2,405,021 shares (30%).

Pledge release summary

• Target: Keerthi Industries Limited (Scrip 518011).
• Disclosing party: Seshagiri Rao Jasti, promoter and MD.
• Promoter group: Yes.
• Transaction: Release of pledge on 2,405,021 shares.
• Mode: Release of pledge.
• Pre-transaction holding: voting rights 676,538; encumbered 2,405,021.
• Post-transaction holding: voting rights 3,081,559; encumbrances Nil.
• Date of transaction: 10 August 2026.
• Equity share capital before/after: 8,016,738 shares; post-diluted capital: 8,016,738.
• Post-dilution stake: 38.44% of diluted capital.

Meeting Details

• Date: 14 August 2026; Location: video conferencing; Time not disclosed.

Key Agenda Items

• Un-Audited financial results for quarter ended 30 June 2026.
• Other business matters as per agenda.

Other Notes

• Trading window closed from 1 July 2026 to 48 hours after results announcement.

IBC Form 3 demand

• Form 3 demand under IBC received from J P Associates for unpaid operational debt.
• Total claim amount ₹4,31,09,759, comprising principal ₹3,33,91,437 and interest ₹97,18,322.
• Date of notice receipt: 16 July 2026.
• Nature of debt: operational debt for coal supply.
• No material impact on operations; review underway with legal counsel.
• Company expects amicable settlement within statutory timelines.

SEBI window re-lodgement status (June 2026)

• No re-lodgement requests for physical share transfers were received in June 2026 under SEBI window.
• No requests processed, approved, or rejected; average time not applicable.

Dematerialisation status

• Dematerialisation requests processed; securities listed on the stock exchange.
• Physical certificates for dematerialisation mutilated and cancelled; depository's name substituted as registered owner within 30 days.