Kanel Industries Q1 loss continues, Bakshi now CEO, new CFO appointed
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 5.0 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved Q1 FY27 standalone results showing a net loss of Rs 8.56 lakhs versus Rs 7.47 lakhs loss in Q1 FY26. Revenue from operations was negligible at Rs 0.06 lakhs (Rs 0.10 lakhs year ago). Mr Keyoor Bakshi's designation changed from CFO to CEO. Ms Shagun Rathi appointed as Company Secretary, Compliance Officer and CFO. Annual Report for FY 2025-26 also approved.
Company continues to post losses with almost no revenue; leadership reshuffle announced but no sign of turnaround yet.