ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Key Corp Limited, a Kanpur-based NBFC focused on used vehicle financing and mutual fund investments, filed its 40th Annual Report for FY 2025-26. Loan disbursements grew about 28% from Rs. 102.40 lakhs to Rs. 130.90 lakhs year-on-year. However, the company swung to a net loss of Rs. 270.84 lakhs, compared to a profit of Rs. 431.84 lakhs in the previous year, mainly because of a Rs. 266.68 lakh notional (mark-to-market) loss on its mutual fund portfolio. Income from operations was almost flat at Rs. 37.48 lakhs, and operating expenses fell to Rs. 70.99 lakhs. The directors have not recommended any dividend for the year. BSE levied small fines (Rs. 0.73 lakhs) for late filing of the Secretarial Compliance Report, which were paid, and one fine for delayed related-party transaction disclosure was waived. M/s V.P. Aditya & Co. are proposed for reappointment as statutory auditors at a remuneration of Rs. 55,000.
Shareholders will not receive any dividend this year, and the headline swing from profit to loss looks worrying, but the core lending business is actually growing and the loss is essentially unrealised, paper-based revaluation of mutual fund holdings, not a cash loss. Investors should watch whether mutual fund mark-to-market losses deepen further, which would be the main risk to net worth.