Kovalam Investment & Trading Company Ltd

AGM Details

• AGM held on 25 September 2026 at 04:00 PM via VC/OAVM.
• Meeting concluded at 04:45 PM.
• Record date: 18 September 2026; on-record shareholders: 515.

Key Resolutions

• Resolution 1 (Ordinary): Adopt financial statements and reports for year ended 31 March 2026.
• Resolution 2 (Ordinary): Re-appoint Navdeep Sharma as director by rotation.
• Resolution 3 (Ordinary): Approve material related party transactions.
• Resolution 4 (Special): Approve borrowing limits under Section 180(1)(c).
• Resolution 5 (Special): Approve creation of mortgage/charge on assets under Section 180(1)(a).
• Resolution 6 (Special): Approve investments, loans/guarantees and securities under Section 186.
• Resolution 7 (Special): Approve transactions under Section 185.

Voting Results

• Resolution 1: Passed; all votes cast in favour.
• Resolution 2: Passed; all votes cast in favour.
• Resolution 3: Passed; all votes cast in favour.
• Resolution 4: Passed; all votes cast in favour.
• Resolution 5: Passed; all votes cast in favour.
• Resolution 6: Passed; all votes cast in favour.
• Resolution 7: Passed; all votes cast in favour.

Dividend

• Dividend not proposed or declared at the AGM.

Director Changes

• Director Navdeep Sharma re-appointed by rotation.

Material Related Party Transactions (RPTs)

• Material related party transactions approved; counterparty not disclosed in filing.

AGM Details

• Date and time: 25 September 2026 at 4:00 PM via VC/OAVM.

Key Resolutions

• Ordinary: Adopt financial statements for year ended 31.03.2026.
• Ordinary: Re-appointment of Navdeep Sharma, retiring by rotation.
• Ordinary: Approve material related party transactions.
• Special: Approve overall borrowing limits under section 180(1)(c).
• Special: Approve mortgage/charge on assets under section 180(1)(a).
• Special: Approve investments, loans, guarantees, securities under section 186.
• Special: Approve transactions under section 185.

Voting & Results

• Remote e-voting conducted Sep 22–24, 2026; AGM voting also via e-voting.
• Consolidated results to be disseminated after Scrutinizer's Report.

Directors

• Navdeep Sharma is up for re-appointment (retiring by rotation).

Auditors

• Statutory auditors present: M/s. YAPL & Co.
• Secretarial auditors present: M/s. P. S. Dua & Associates.

Material Related Party Transactions

• RPTs approved; counterparty details not disclosed in proceedings.

Other Approvals

• Borrowings, mortgage/charges, and investments approved under listed sections.

AGM notice and access

• 44th AGM scheduled Sept 25, 2026 at 4:00 PM via VC/OAVM.
• Notice and FY2025-26 Annual Report will be sent electronically to members with registered emails.
• Annual report available on company website, BSE, and CDSL with QR access.

Shareholder email and KYC updates

• Shareholders without registered email should update details to receive notices.
• SEBI-mandated PAN and KYC updates required for physical-share holders; submit ISR-1.
• Demat holders to update PAN/KYC via their Depository Participant.
• Updates to email/KYC details may affect access to AGM materials.

Financial snapshot

• Total income for FY2025-26: 2,51,451.36 (Rs '00').
• PAT: 1,34,521.71 (Rs '00').
• Total comprehensive income: -2,55,974.15 (Rs '00').
• Earnings per share: 6.05 (Basic/Diluted).
• Dividend declared for FY2025-26: none.
• Net worth at 31-03-2026: 72,43,556.83 (Rs '00').
• Share capital: 2,22,391.40 (Rs '00').

Income & profitability

• Revenue from operations: 2,49,368.77 (Rs '00').
• Other income: 2,082.59 (Rs '00').
• Profit before tax: 1,85,941.11 (Rs '00').
• Tax expense: 51,419.40 (Rs '00').
• Net profit after tax: 1,34,521.71 (Rs '00').

Assets & liquidity

• Cash & cash equivalents: 58,633.21 (Rs '00').
• Loans to related party: 3,22,000.00 (Rs '00').
• Investments: 64,22,942.01 (Rs '00').
• Total assets: 78,55,489.57 (Rs '00').
• Secured loans: 3,97,500.44 (Rs '00').
• Other financial liabilities: 2,02,466.01 (Rs '00').

Governance & management

• Board of 4 directors; 2 independent.
• KMPs: Jai Karan Singh (Manager), Jyoti Sud (CS/CFO).
• Statutory auditors: YAPL & Co; Secretarial: P.S. Dua & Associates.
• Board meetings: 5 in FY2025-26; Audit Committee meetings: 4.
• Secretarial audit: no qualifications; CSR not applicable.

Related party transactions

• Material RPTs with promoter group; aggregate annual limits set for 2026-27.
• Oswal Woollen Mills Loans: up to 25.00 crore; Sankheshwar: up to 5.00 crore.
• J.L. Growth Fund: up to 5.00 crore; Abhilash Growth Fund: up to 5.00 crore.
• KMRA Associates: online facility for taxes: up to 5.00 crore.
• Rishabh Oswal: sale/purchase of investments: up to 5.00 crore.
• RPTs are arm's length and in ordinary course; policy on Kovalam website.

Dividend & reserves

• Dividend: not proposed; no dividend for FY2025-26.
• General Reserve: 11,81,40,960; Statutory Reserve: 26,90,500.
• Retained earnings: 15,13,84,723; balance carried to balance sheet.

Outlook & risk management

• Management Discussion highlights NBFC sector outlook; 15-17% credit CAGR by FY28.
• Risks: market, regulatory, credit, liquidity, interest rate, and policy changes.
• Risk policy on company website; internal controls and internal audit in place.
• Whistle Blower policy in place; no complaints in FY2025-26.
• Capital management focuses on liquidity and prudent leverage.

AGM Details

• 44th AGM scheduled on Friday, 25 September 2026 at 04:00 PM via VC/OAVM.
• Register of Members and Share Transfer Books closed Sep 19–25, 2026.
• Cut-off date for voting eligibility: Sep 18, 2026.
• Remote e-voting window: Sep 22–24, 2026; e-voting during AGM.
• Deemed venue: Registered Office.

Ordinary Business

• Adopt financial statements for year ended 31.03.2026 and reports.
• Navdeep Sharma to be re-appointe d after retirement by rotation.

RPT – Material Related Party Transactions

• Resolution to approve material related party transactions; board recommends ordinary resolution.
• Related party limits set per counterparty; promoter group lender Rs 25 crore; others Rs 5 crore.

Borrowing Powers

• Special Resolution to borrow up to Rs 100 crore; facilities permissible.

Charge on Assets

• Authorize to mortgage/charge assets to secure borrowings up to Rs 100 crore.

Investments and Loans under Section 186

• Approve investments, loans, guarantees and securities up to Rs 100 crore.

Loans/Guaranties under Section 185

• Approve loans/guarantees or securities up to Rs 100 crore to related parties as per amended Act.

Director Details

• Navdeep Sharma retires by rotation; proposed re-appointment; attendance 5/5; remuneration Rs 5,000.

Q1FY2027 results

• Total income from operations Rs 207.74 lakh for quarter ended 30 Jun 2026; up from Rs 142.18 lakh.
• Profit before tax Rs 197.78 lakh for the quarter; vs Rs 135.76 lakh prior year.
• Profit after tax Rs 185.77 lakh for the quarter; vs Rs 135.12 lakh prior year.
• EPS Basic/Diluted Rs 8.35 for quarter; vs Rs 6.08 in 30 Jun 2025.
• AGM scheduled for 25 Sep 2026 at 04:00 PM via VC/OAVM.
• Board approved unaudited results; Limited Review Report by M/s YAPL & Co.

Meeting Details

• Board meeting scheduled on Tuesday, 11 August 2026 at 11:00 AM.
• Venue: Registered Office at Premises Oswal Woollen Mills Ltd, G.T. Road, Sherpur, Ludhiana-141003.

Key Agenda Items

• To consider and approve unaudited financial results for the quarter and three months ended June 30, 2026.
• To take up other allied matters.

Other Notes

• Trading window closed from July 01, 2026 till 48 hours after unaudited results declaration.