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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The Board of Directors approved the unaudited financial results for the quarter ended June 30, 2025 (Q1 FY26). Revenue from operations dropped sharply to Rs. 6.00 lakhs from Rs. 15.75 lakhs in the same quarter last year, reflecting a steep decline. The company swung to a net loss of around Rs. 3.86 lakhs compared to a profit earlier. The auditor (Jhunjhunwala Jain & Associates LLP) issued an unmodified review report but included an Emphasis of Matter on two items: (1) the Ridge Road property worth Rs. 68.55 lakhs shown in inventory without any provision, as the property is under dispute, and (2) a proposed Scheme of Arrangement and Amalgamation between Kirti Investments Limited and KCCL with appointed date April 1, 2024, which is still subject to shareholder and NCLT approvals. The Board meeting lasted from 3:00 p.m. to 4:00 p.m.
Retail investors should note the steep revenue fall, swing into losses, and the disputed property exposure (Rs. 68.55 lakhs) carried without any write-down, which is a risk. The pending merger scheme with Kirti Investments is still awaiting NCLT and shareholder clearance, so any near-term re-rating will depend on those approvals.