Board approves Q1 FY27 results, new CFO and CEO appointed
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Kanel Industries board approved Q1 FY27 (ended June 30, 2026) standalone results showing a net loss of Rs 8.56 lakhs versus Rs 7.47 lakhs loss in Q1 FY26. Total revenue was just Rs 0.06 lakhs against Rs 0.10 lakhs earlier. Total expenses jumped to Rs 2.35 lakhs from nil. Ms. Shagun Rathi was appointed as Company Secretary, Compliance Officer and CFO, while Mr. Keyoor Bakshi was redesignated from CFO to CEO. The FY25-26 annual report and notice were also approved. Limited review by auditor was clean.
Continued losses with near-zero revenue signal deep operational stress. Top-level reshuffle may indicate a restructuring attempt.