Please find attached outcome of Board meeting held on may 27, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
KG Petrochem Ltd's Board approved audited FY2026 results showing revenue declined 16.4% to Rs 31,365.62 lakhs from Rs 37,538.82 lakhs in FY2025. Profit after tax fell 19.2% to Rs 445.13 lakhs from Rs 550.82 lakhs. EPS reduced to Rs 8.53 from Rs 10.55. The company appointed M/s Arpit Vijay & Co. as internal auditor and Mr. Anjal Kejriwal as Additional Non-Executive Independent Director for 5 years. Mrs. Vani Jain resigned as Independent Director citing pre-occupation. Statutory auditors H C Bothra & Associates gave an unmodified (clean) opinion on the financial statements. The Board meeting lasted from 2:00 PM to 4:30 PM.
The 16% revenue and 19% profit decline reflects challenging market conditions, particularly in the textile segment. The clean audit opinion and positive operating cash flow (Rs 1,463.41 lakhs) provide some comfort. The board composition change with one independent director resignation and simultaneous appointment may require shareholder attention.