Outcome of Board Meeting for approval of Unaudited Financial Results For Quarter ended 31st December, 2025
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Kanel Industries Ltd reported zero revenue from operations for Q3 FY26 (quarter ended December 31, 2025) and no other income, resulting in a net loss of Rs. 9.13 lakhs versus a Rs. 1.74 lakh loss in the same quarter last year. Total expenses stood at Rs. 1.28 lakhs for the quarter. For the nine months ended December 2025, the cumulative loss widened sharply to Rs. 50.42 lakhs compared to just Rs. 2.77 lakhs in the prior-year period — an over 18x increase in losses. The statutory auditor N.S. Nanavati & Co. issued an unmodified limited review report with no qualifications. The Board approved the results at its meeting held on February 6, 2026 in Ahmedabad.
The company continues to show no operational revenue and losses are deepening materially, which is a concern for shareholders. Investors should watch closely for any signs of a turnaround plan or revival in core business activity, as the widening loss trajectory with nil top-line signals stress.