Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company''s Board of Directors, at their Meeting ....
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Awaiting price reaction for this filing.
Kedia Construction's Board approved unaudited financial results for Q3 FY26 (Oct-Dec 2025) and the 9-month period ended December 31, 2025. Net sales for Q3 stood at Rs. 6.00 lakhs vs Rs. 3.75 lakhs in Q3 FY25, a rise of about 60%. For the 9-month period, net sales grew to Rs. 25.00 lakhs from Rs. 14.50 lakhs last year, roughly a 72% jump. However, total expenditure of Rs. 61.44 lakhs for 9M FY26 far exceeded total income, dragging the company into a loss for the period, with negative EPS of Rs. (0.087). The statutory auditor (Jhunjhunwala Jain & Associates LLP) issued a clean limited review report but flagged an Emphasis of Matter on two issues: (a) a pending litigation with LIC of India over the Ridge Road property held as inventory worth Rs. 71.82 lakhs, with no provision made for possible value erosion, and (b) a proposed Scheme of Amalgamation with Kirti Investments Limited (appointed date April 1, 2024) which is still awaiting NCLT and other regulatory approvals.
Revenue is growing strongly but off a very small base, and the company remains in losses, so the stock may not see meaningful upside from operations alone. The pending LIC litigation and the ongoing amalgamation scheme introduce uncertainty for shareholders and could affect future asset values.