Outcome of the Board Meeting held on 29.05.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
K K Silk Mills Ltd held its Board Meeting on May 29, 2026, where the Board approved the audited financial results for FY 2025-26. The company reported revenue from operations of Rs. 24,478.81 lakhs, up from Rs. 22,077.99 lakhs in the previous year, with net profit rising to Rs. 479.04 lakhs from Rs. 468.29 lakhs. The Board also re-appointed Mr. Manish Kantilal Shah as Managing Director and Mr. Nilesh Kantilal Jain as Whole Time Director for another 5-year term each, subject to shareholder approval at the ensuing AGM. Additionally, M/s Nidhi Bajaj and Associates was appointed as Secretarial Auditor. The company raised Rs. 2,850 lakhs through an IPO listed on BSE SME platform in December 2025. Statutory auditors Borkar & Muzumdar issued an unmodified (clean) opinion on the financial results.
The company demonstrated modest growth in revenue and profitability year-on-year. The clean audit opinion and continuation of existing management provide stability. The IPO proceeds are partially deployed (Rs. 216.73 lakhs used out of Rs. 314.73 lakhs allocated for plant & machinery capital expenditure, with Rs. 98 lakhs still pending utilization). Shareholders can expect the re-appointments to be tabled at the upcoming AGM for approval.