Outcome of Board Meeting for approval of Financial Result
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Kanel Industries' Board approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations was nil for the quarter, with total income of just Rs. 0.10 lakh (down sharply from Rs. 0.51 lakh in Q1 FY25). Total expenses stood at Rs. 1.08 lakh, leading to a loss before tax of Rs. 7.47 lakh, wider than the Rs. 0.50 lakh loss reported in the same quarter last year. Basic and diluted EPS came in at Rs. (0.047). The statutory auditor N.S. Nanavati & Co. carried out a limited review and issued an unmodified report with no qualifications. Paid-up equity share capital is Rs. 1,575.00 lakh with reserves of only Rs. 15.76 lakh.
The company posted yet another loss-making quarter with virtually no operating revenue, signalling continued business stress for shareholders. The widening quarterly loss and razor-thin reserves against a large equity base raise concerns about the company's ability to generate meaningful business activity in the near term.