Konndor Industries Ltd

Financial performance

• Revenue from operations: ₹888.38 Lakh; total income ₹900.16 Lakh in FY25.
• Net profit after tax: ₹64.98 Lakh; total comprehensive income ₹64.99 Lakh.
• Earnings per share: ₹1.18 for FY25.
• Cash flow from operations: ₹43.54 Lakh; year-end cash ₹51.44 Lakh.
• Revenue declined to ₹900.16 Lakh from ₹1,378.86 Lakh in FY24.
• Dividend for FY25: none declared.

Capital and shareholding

• Paid-up equity capital ₹550.40 Lakh; Authorized capital ₹600.00 Lakh; no change in paid-up.
• Authorised capital raised to ₹12 crore in a prior year; current paid-up ₹5.504 crore.
• Major shareholders held 12.41%, 12.05%, 11.73% and 11.39% stakes.
• Promoter/promoter group not identifiable; company professionally managed.

Assets and liquidity

• Total assets ₹1,039.01 Lakh; equity ₹982.62 Lakh; liabilities ₹55.66 Lakh.
• No long-term borrowings; debt Nil.
• PPE at year-end ₹6.76 Lakh; Deferred tax assets ₹12.88 Lakh.
• Trade receivables ₹147.65 Lakh; cash and equivalents ₹51.44 Lakh.
• Inventories nil.

Governance and board changes

• Four Additional Directors appointed in 2025: Aasavari Jadhav, Mayank Tiwari, Vigil Rodrigues, Sarita Ahire.
• Vigil Rodrigues appointed CFO for five years from 21 June 2025.
• Sarita Ahire appointed Whole Time Director for five years from 21 June 2025.
• Jignesh Shah resigned 7 June 2025; Meet Thakkar resigned 16 June 2025.
• Board at 31 March 2025 comprised four directors: Thakar (Chairman), Gupta (WTD), Acharya (Independent), Shah (Independent).

Audit, controls and compliance

• Statutory auditors Chandabhoy & Jassoobhoy reappointed for five years; no qualifications.
• Secretarial audit flagged gaps: SDD, trading window, AGM timing, ads; management actions planned.
• Internal financial controls are adequate; Mauksh Shahs Associates appointed as internal auditor for 2025-26.
• Compliance with Secretarial Standards: SS-1 and SS-2 observed; CEO/CFO certification provided.

Related party transactions and risk

• Related party transactions with Key Management Personnel: Udit Vora ₹2.76 Lakh; year-end balances ₹0.23 Lakh.
• Other KMP balances: Archana Acharya ₹0.07 Lakh; Jignesh Shah ₹0.07 Lakh.
• RPT policy disclosed on company website; transactions were in ordinary course and arm's length.
• Risk management: credit risk and liquidity risk framework with risk committee.

Outlook and market context

• Opportunities: rising domestic demand, government initiatives, technology-driven processes.
• Threats: competition, inflation, regulatory changes, macroeconomic volatility.

Other regulatory and disclosures

• Corporate Social Responsibility not applicable.
• Company is listed on BSE; notes on governance and risk management accompanying financial statements.

Financial highlights

• Total revenue: Rs 190.20 Lakh in FY2025-26, down from Rs 900.16 Lakh.
• Total expenses: Rs 194.31 Lakh in FY2025-26, vs Rs 811.92 Lakh.
• Profit before tax: loss Rs 4.11 Lakh in FY2025-26; Rs 88.24 Lakh profit in FY2024-25.
• Net tax expense: Rs 0.00 Lakh in FY2025-26; Rs 23.26 Lakh in FY2024-25.
• Profit after tax: Rs -4.11 Lakh in FY2025-26; Rs 64.98 Lakh in FY2024-25.
• Dividend: No dividend recommended due to losses.

Operations and focus

• Focused on strengthening market position and efficiency.
• Pursued prudent financial management and resource optimization.
• Monitored industry trends; addressed challenges and opportunities.
• Strengthened internal controls for smoother operations.

Capital and liquidity

• Authorized capital unchanged; issued capital unchanged.
• 52,19,872 equity shares dematerialized (94.59%).
• No public deposits accepted during the year.
• CFO appointment: Anis Nizam Khan from Jan 5, 2026.

Governance and board

• Board comprised five directors as of 31 Mar 2026; mix of promoter and independent.
• Audit Committee chaired by Sandeep Bhiku Pawar; independent members.
• CFO appointment; new governance appointments under review.
• Secretarial auditor Utkarsh Shah & Co; notable compliance gaps flagged; management actions planned.

Proposed corporate actions

• Shift Registered Office from Gujarat to Maharashtra.
• Alter MOA main object to include construction and infrastructure activities.
• Special resolutions to be considered; regulatory approvals and ROC filings required.

Audit and compliance

• Statutory auditor Chandabhoy & Jassoobhoy; no qualifications.
• Internal auditor Maukh Shahs Associates for 2025-26.
• Secretarial audit by Utkarsh Shah & Co; certain gaps; management response provided.
• Annual return available on company website.

Related party transactions

• Related party transactions were ordinary course and arm's length.
• RPT policy available on company website; disclosures filed in Annexures.

Other disclosures

• CSR not applicable for the year.
• Foreign exchange earnings and outgo: NIL.

Financial performance

• Total revenue 190.20 Lakh in FY2025-26; 900.16 Lakh prior year.
• Revenue from operations 181.79 Lakh.
• Net loss after tax -4.11 Lakh; prior year profit 64.98 Lakh.
• EPS -0.07; basic and diluted.

Balance sheet highlights

• Equity share capital unchanged at 550.40 Lakh.
• Total assets 1203.93 Lakh.
• Total equity 428.10 Lakh.
• Borrowings (non-current) 224.15 Lakh.

Cash flow and liquidity

• Cash from operations negative at 283.59 Lakh.
• Cash and cash equivalents end of year 2.11 Lakh.
• Net cash decrease during year 53.56 Lakh.

Audit and internal controls

• Auditors issued a qualified opinion due to material weaknesses in internal controls.
• Weaknesses include unsecured loans lacking agreements and large advances with missing docs.
• Management to appoint Company Secretary and strengthen SDD/compliance processes.

AGM and corporate actions

• 43rd AGM scheduled 30 Sep 2026 via VC/OAVM.
• Special resolution to shift registered office from Gujarat to Maharashtra.
• Board to consider reappointment of Shafi Khan.

Dividends, reserves and capital

• No dividend declared for year ended 31 Mar 2026.
• No amount transferred to reserves.
• Dematerialised shares stood at 52,19,872 (94.59%).

Operations and segment note

• Sale of paper revenue 181.79 Lakh; revenue realized within India.
• Company primarily engaged in trading/marketing of paper.

Governance disclosures

• Governance reports not applicable due to paid-up capital below threshold for 10 Cr.
• Secretarial audit flagged gaps; management committing to compliance improvements.

Related party disclosures

• Related party transactions in ordinary course; sitting fees to Independent Directors.

Meeting Details

• Date: 14 August 2026; Time: not disclosed; Location: Registered Office, Konndor Industries Limited, Ahmedabad.

Key Agenda Items

• Un-audited Q1 2026 results; Limited Review Report by Statutory Auditors to be taken on record.
• Any other business with permission of the Chair.

Registered office change details

• Old registered office: 201, Avdhesh House, Nr. Devang Park, Opp. Guru Govind Gurudwara, S.G. Highway, Thaltej, Ahmedabad, Gujarat-380054.
• New registered office: D-313, Sumel Business Part 1, Indian Textile Plaza, Near Namaste Circle, Shahibaug, Ahmedabad – 380004.
• Effective date: 13 July 2026.
• Within same city and state; no ROC change.
• Board approval obtained at meeting held 13 July 2026.
• Reason not explicitly stated; supersedes earlier Gandhinagar proposal.

Board Changes

• Director Vimal Mafatlal Patel resigned effective 6 March 2026.

🗓️ Meeting Details

• Board meeting scheduled for 14th February 2026 at Konndor Industries Limited's registered office.

📊 Financial Performance

• Approval of unaudited financial results for Q3 and nine months ended 31st December 2025.
• Consideration of the limited review report from statutory auditors for Q3 and nine months ended 31st December 2025.