Outcome of Board Meeting held on May 05, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kisan Mouldings Limited reported audited financial results for FY2026 ended March 31, 2026. Revenue from operations declined to Rs 24,932.65 lakhs from Rs 27,301.01 lakhs in the previous year, representing an 8.7% revenue decline. The company posted a net loss of Rs 738.35 lakhs compared to a profit of Rs 346.62 lakhs in FY2025. Operating cash flow remained negative at Rs 277.27 lakhs. The auditors issued an unmodified (clean) opinion on both standalone and consolidated results. Significant leadership changes occurred: Chairman and Managing Director Sanjeev Amarnath Aggarwal and Independent Director Sunil Agarwal both resigned, while Arun Agarwal was promoted to Managing Director effective June 1, 2026. Multiple auditor changes took place including the resignation of statutory auditors Sen & Ray and appointment of AKGVG & Associates as new statutory auditors.
The company swung from profit to loss with declining revenues and negative cash flows, which is negative for shareholders. Leadership instability and multiple auditor changes add to investor concerns despite the clean audit opinion.