Outcome of Board Meeting -28.05.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kay Power and Paper Ltd reported audited FY2026 results with Total Revenue of Rs. 2492.71 lakhs (down from Rs. 4285.71 lakhs in FY2025) and Net Profit of Rs. 101.01 lakhs (down from Rs. 112.52 lakhs). The company faced significant operational disruptions including boiler fuel-feeding issues causing 190 days of plant downtime, and a fire incident on March 12, 2026 that suspended manufacturing operations until May 2, 2026. EPS for FY2026 was Rs. 0.29 versus Rs. 0.51 in FY2025. The Board also appointed Ms. Aarushi Chandra as Additional Non-Executive Non-Independent Director; she is the daughter of Managing Director Niraj Chandra and Director Deepa Agarwal. The auditors issued an unmodified (clean) opinion on both standalone and consolidated financial statements.
Revenue declined significantly due to extended plant shutdown and fire incident; however, the company remained profitable with clean audit. Appointment of a family member to the board signals continuity but may raise governance concerns for some investors.