Approval of Audited Financial Result for Year Ended 31st March, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kanel Industries reported FY2026 audited standalone results with revenue of Rs 3.06 lakhs (vs Rs 0.51 lakhs in FY2025), though the company remains deeply loss-making with PAT of negative Rs 47.93 lakhs, worsening from negative Rs 5.60 lakhs last year. The loss includes a Rs 12.87 lakh loss on asset sale and Rs 10.54 lakh depreciation. Cash from operations remained negative at Rs 29.36 lakhs, though improved from Rs 42.94 lakhs outflow last year. The company's Other Equity turned negative (from plus Rs 15.76 to minus Rs 32.17 lakhs), reducing total equity to Rs 1542.83 lakhs. Auditors issued an unmodified opinion. Company Secretary Naresh Kanzariya also resigned effective May 20, 2026.
The stock is likely to face selling pressure as the company reported significant widening of losses with negative equity. The combination of negative PAT, negative working capital, and management departure signals financial distress.