Kusam Electrical Industries Ltd

Kusam Electrical Industries Ltd: Trading Window closed from Oct 01, 2026 until 48 hours after the unaudited results for the quarter ending Sep 30, 2026

Independent Director Appointment

• Regularisation of Anu Ranka as Non-Executive Independent Director approved.
• Regularisation effective from 29 January 2026; five-year term approved by AGM.
• DIN 11512569; Independent director profile supports governance and oversight.
• No relationship with other Directors or KMP.
• Appointment originated as Additional Director on 29 January 2026; regularised at AGM.

Appointment details

• Appointment of M/s. Manoj V Ayadi & Associates as Secretarial Auditor for FY 2026-27 to 2030-31.
• Approved at the board meeting held on 26 September 2026.
• Term commences 26 September 2026 to 2030-31.
• Firm specializes in company law, securities laws, due diligence, listings.
• Disclosure under SEBI LODR Regulation 30 included; Annexure A attached.

AGM details

• Date and time: 26 September 2026 at 11:00 IST, in-person AGM.
• Mode: Physical meeting; venue at Mumbai address provided.
• Quorum: 43 shareholders on cut-off; 12 attended.
• e-voting cut-off date: 19 September 2026.
• Record/book closure dates not disclosed.

Key resolutions

• Resolution 1: Adoption of audited financial statements and reports.
• Resolution 2: Re-appointment of Navin Chandmal Goliya as director.
• Resolution 3: Regularize Anu Ranka as Non-Executive Independent Director.
• Resolution 4: Appoint Secretarial Auditor Manoj V Ayadi & Associates.
• Resolution 5: Approve Related Party Transactions with related parties.

Voting results

• Resolution 1 passed 100% in favour; 0 against.
• Resolution 2 passed 100% in favour; 0 against.
• Resolution 3 passed 100% in favour; 0 against.
• Resolution 4 passed 100% in favour; 0 against.
• Resolution 5 passed 100% in favour; 0 against.

Dividend

• No dividend proposed or approved.

Director changes

• Navin Chandmal Goliya re-appointed as director (rotational).
• Anu Ranka Regularised as Non-Executive Independent Director.

Auditor appointments

• Secretarial Auditor appointed: M/s Manoj V Ayadi & Associates for five years (2026–2031).

Material related party transactions

• Related party transactions approved; no counterparty details disclosed.

Scrutinizer report

• Scrutinizer report submitted; voting details consolidated.

AGM details

• AGM held on 26 September 2026 at 11:00 IST.
• Mode: physical meeting with e-voting facility.
• Record date for entitlement: 19 September 2026.

Key resolutions

• Adopt Audited Financial Statements for the latest financial year.
• Retiring director to seek re-appointment.
• Regularise Independent Director appointment.
• Appoint Secretarial Auditor for five-year term.
• Approve related party transactions.

Voting results

• Voting results not disclosed in the proceedings.

Financial snapshot

• Revenue from operations: ₹1,047.22 lakh in FY2026.
• Total income: ₹1,057.39 lakh.
• Net profit after tax: ₹20.06 lakh.
• EPS (basic & diluted): ₹8.36.
• YoY: total income up 4.66%; PAT down from ₹29.83 to ₹20.06.

Operations and geography

• Single segment: Trading in Electronic & Electrical Measuring Instruments.
• Exports ₹1,040.98 lakh; domestic ₹2.86 lakh; total ₹1,043.84 lakh.
• Inventories ₹287.05 lakh.
• Trade receivables ₹63.38 lakh.
• Cash and cash equivalents ₹90.68 lakh.

Capital structure & liquidity

• Paid-up equity capital ₹24.00 lakh; authorised ₹25.00 lakh.
• Borrowings: short-term bank borrowings ₹35.32 lakh.
• Cash reserves exceed borrowings; net cash position.
• Debt-to-equity ratio: 0.09x.
• Dividend for FY2025-26: not declared.

Governance & board changes

• Anu Ranka appointed as Non-Executive Independent Director for five years from 29 Jan 2026.
• Secretarial Auditor appointed: M/s Manoj V Ayadi & Associates for FY2026-27 to FY2030-31.
• Audit Committee chaired by Sushilkumar Jhunjhunuwala.
• Board comprises five directors; includes one woman Independent Director.
• Statutory auditors CHHAJED & DOSHI appointed for five years ending 2026-27.

Audit, controls & risk

• Delay in submission of annual report under SEBI LODR 34; ₹2,360 fine paid.
• Internal financial controls adequate and operating effectively.
• Risk management policy in place with regular oversight.
• Secretarial audit flagged delay; resolved; compliance maintained.
• No fraud reported during the year.

Related party disclosures

• No material related party transactions in 2025-26; ordinary-course and arm's length per Audit Committee.
• Sale of office premises to Navin Chandmal Goliya (HUF) at FMV ₹56.07 lakh.
• Sale of goods to Kusam Electrical Instruments LLP up to ₹3 crore.

Outlook & risks

• Outlook: focus on bulk orders; management optimistic for improved performance.
• No change in nature of business; one segment remained ongoing.
• Risks include bulk-order reliance and imports from China; mitigated by competitive sourcing.
• Management emphasis on cost control and customer relationships.

AGM Details

• AGM date set for 26 September 2026 (Saturday).
• Registrar of Members and share transfer books closed 19–26 September 2026 (inclusive).

AGM Details

• Date and time: 26 September 2026 at 11:00 a.m.
• Mode: Physical meeting at registered office, Mumbai.
• Book closure: 19-09-2026 to 26-09-2026 for dividend eligibility.
• Cut-off: 19-09-2026; remote e-voting window 23-09-2026 to 25-09-2026.

Key Resolutions

• Ordinary: Adopt audited financial statements for year ended 31 March 2026.
• Ordinary: Re-appoint Navin Chandmal Goliya, retire-by-rotation director.
• Special: Regularise Anu Ranka as Non-Executive Independent Director for five years from 29 Jan 2026.
• Ordinary: Appoint Secretarial Auditor for five years; remuneration to be fixed by the Board.
• Ordinary: Approve material related party transactions with related parties.

Voting and Results

• Voting results not disclosed in the notice; to be declared at/after AGM.

Director Changes

• Navin Chandmal Goliya to be re-appointed as Director, retirement by rotation.
• Anu Ranka appointed as Non-Executive Independent Director for five years from 29 Jan 2026.

Auditor Appointments

• Secretarial Auditor appointed for five years (FY2026-27 to 2030-31).

Material Related Party Transactions

• Sale of office premises to Navin Chandmal Goliya (HUF) not less than ₹56,07,390.
• Sale of goods/stock to Kusam Electrical Instruments LLP up to ₹3,00,00,000.