Kranti Industries Ltd

AGM Details

• AGM held 28 Sep 2026 at 3:30 PM; physical meeting with remote e-voting.

Resolutions Put to Vote

• Item 1: Ordinary – adoption of standalone financial statements and reports.
• Item 2: Ordinary – adoption of consolidated financial statements.
• Item 3: Ordinary – re-appointment of Indubala Subhash Vora by rotation.
• Item 4: Special – mortgage on assets of the company.
• Item 5: Special – borrowings in excess of share capital and reserves.
• Item 6: Ordinary – remuneration revision for MD, Sachin Subhash Vora.
• Item 7: Ordinary – remuneration revision for Sumit Subhash Vora, Whole-time Director.

Voting Outcomes

• All resolutions passed with 100% in-favor; no against votes recorded.

Dividend

• No dividend proposed or declared at this AGM.

Directors / Appointments

• Indubala Subhash Vora re-appointed as director by rotation.

Auditors & Related Parties

• No auditor changes disclosed; no material related party transactions reported.

AGM Details

• Date/time: 28 Sep 2026, 3:30 PM IST; Mode: Physical.
• Concluded: 5:00 PM IST.
• E-voting: 24–27 Sep 2026.
• Attendees: 32 members present.
• Venue: Registered office, Pune 412115.

Key Resolutions

• Ordinary: Adoption of standalone financial statements for year ended Mar 31, 2026.
• Ordinary: Adoption of consolidated financial statements for year ended Mar 31, 2026.
• Ordinary: Re-appointment of Indubala Subhash Vora as director.
• Special: Mortgage on company assets.
• Special: Borrowing in excess of share capital and reserves.
• Ordinary: Remuneration revision for Sachin Subhash Vora (Chairman & MD).
• Ordinary: Remuneration revision for Sumit Subhash Vora (WTD).

Voting Status

• Voting results will be disseminated via exchanges and company website within two working days.
• Meeting concluded at 5:00 PM.
• Auditors' and Secretarial Audit Reports had no observations.

Audit & Governance Notes

• Auditors' Report for FY2025-26 had no observations.
• Secretarial Audit Report for FY2025-26 had no observations.

Strategic Initiatives

• Jaipur facility commissioned; commercial operations began January 2026.
• JV KraKO Precision with Kores Group established in Halol, Gujarat.
• Defence sector entry through AVNL engagements.
• Jaipur expansion and KraKO JV support strategic growth plan.

Kranti Industries Limited: Trading Window closed from Oct 01, 2026 until 48 hours after the conclusion of the Board Meeting for the Unaudited Financial Results for the 2nd Quarter and half year ended September 30, 2026.

Book closure details

• Book closure from Sept 22, 2026 to Sept 28, 2026 (inclusive) for member records.
• Purpose: 31st Annual General Meeting scheduled for Sept 28, 2026.
• Event date: AGM on Sept 28, 2026.

Financial performance

• Consolidated revenue ₹101.80 crore; EBITDA ₹11.73 crore; PAT ₹1.56 crore.
• Standalone revenue ₹93.88 crore; EBITDA ₹12.44 crore; PAT ₹2.60 crore.
• Crossed ₹100 crore consolidated revenue milestone in FY2025-26.
• ROCE 5.90%; Debt-to-Equity (Consolidated) 1.09x.
• Net debt ₹41.70 crore; equity ₹45.91 crore.
• Dividend declared: none for FY2025-26.
• 4 manufacturing facilities; Jaipur Plant 4 commissioned Jan 2026.
• Defence sector entry through AVNL; KPPL joint venture with Kores.
• Smart Factory: ~90% lines digitally connected; SfHawk dashboards with Bways ERP.
• 12 new products launched; 15 in development; ZED Bronze and Silver certifications achieved.
• Total workforce 507; employee retention 98.06%.
• Renewable energy 1.72 MWh; 95% water recycled.

Capital structure & liquidity

• Net debt ₹41.70 crore; equity ₹45.91 crore; debt-to-equity 1.09x.
• Rights issue: 2.50 lakh warrants converted; 2.50 lakh warrants lapsed; ₹50 lakh forfeited.
• Paid-up capital increased to ₹12.76 crore after warrant exercise.
• Capital allocation prioritises capacity expansion, automation and digitalisation.

Operations & capacity expansion

• Jaipur Plant 4: commissioned Jan 2026; 35,160 sq ft; 55% utilisation.
• Plant 4 serves tractors, CVs, PVs and engineering; partnership with Universal Autofoundry.
• KPPL joint venture with Kores Group; Halol, Gujarat; Phase 1 underway.
• Preciso Metall Private Limited ceased to be subsidiary; became Associate with 47.66% stake as of Mar 27, 2026.
• IoT integration; paperless workflows extended to Plant 4; SfHawk dashboards with Bways ERP.

Governance & leadership

• Board added independent directors Bodhankar and Pardeshi; Ranade reappointed.
• Audit, NRC, SRC and Investment Committees established; all recommendations accepted.
• Secretarial Audit conducted by H. J. Patel & Co.; familiarisation policies published.
• Independent Directors meet annually; adherence to SEBI/LbI regulations maintained.

Dividend & capital allocation

• Dividend not declared for FY2025-26; capital retained for expansion.
• Equity capital increased via warrant conversions; paid-up ₹12.76 crore.
• KPPL investment: ₹87.50 lakh for 35% stake; strategic diversifications under Vision 2030.

Risks & outlook

• Risks: commodity price volatility; FX exposure; regulatory changes; tariff and geopolitical tensions.
• Outlook: strong domestic manufacturing tailwinds; Make in India; PLI schemes; defence indigenisation; export growth.

Sustainability & CSR

• CSR not mandatory; voluntary community support ongoing.
• Implemented ISO 14001; 95% water recycling; renewable energy initiatives; zero accidents in year.

AGM details

• 31st Kranti AGM scheduled for September 28, 2026 at 03:30 PM IST.
• Mode: Physical meeting at the registered office, Pune.
• Book closure from September 22 to September 28, 2026.
• Cut-off for Notice: August 28, 2026.
• Cut-off date for e-voting: September 21, 2026.
• Remote e-voting period: September 24 to 27, 2026.
• E-voting cut-off: September 21, 2026.

Key resolutions

• Item 1 (Ordinary): Adopt standalone financial statements for year ended March 31, 2026.
• Item 2 (Ordinary): Adopt consolidated financial statements for year ended March 31, 2026.
• Item 3 (Ordinary): Re-appoint Indubala Subhash Vora as Director.
• Item 4 (Special): Mortgage/charge on assets to secure borrowings.
• Item 5 (Special): Borrowing limit up to Rs 300 crore beyond paid-up capital and reserves.
• Item 6 (Ordinary): Remuneration revision for CMD Sachin Subhash Vora.
• Item 7 (Ordinary): Remuneration revision for WTD Sumit Subhash Vora.

Director changes

• Re-appointment of Indubala Subhash Vora as Non-Executive Non-Independent Director.

Key board decisions

• Revision in remuneration for CMD Sachin Subhash Vora, subject to member approval.
• Remuneration for Whole-Time Director Sumit Subhash Vora, subject to member approval.
• Re-appointment of Smt. Indubala Subhash Vora as Director, retires by rotation.
• Approval of Directors' Report for the year ended 31 March 2026.
• Approval of Annual Report for 2025-26.
• Creation of mortgage, charge or security on assets, subject to member approval.
• Borrowing beyond aggregate of paid-up capital, reserves and securities premium, subject to member approval.
• Notice for 31st AGM issued with Explanatory Statement, book closure, e-voting cut-off, and AGM venue.
• Scrutinizer appointed for remote e-voting and AGM voting.

Meeting Details

• Date: August 29, 2026; time not disclosed; venue: Registered Office, Pune 412115.

Key Agenda Items

• Consider and approve the draft Directors’ Report for the year ended March 31, 2026.
• Consider and approve the draft Annual Report for the financial year 2025-26.
• Consider the creation of mortgage, charge or security on assets.
• Consider borrowing monies in excess of paid-up capital, free reserves, and securities premium, subject to Members’ approval.
• Consider the draft Notice for AGM, Explanatory Statement, and fix book-closure and e-voting date.

Other Notes

Filing Status

• Wrapper-only filing; no substantive earnings-call content in this chunk.