KRBL Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
KRBL · price
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Awaiting price reaction for this filing.
KRBL Limited reported strong Q1 FY26 results with standalone revenue from operations at Rs. 1,58,435 lakh, up about 32% from Rs. 1,19,918 lakh in Q1 FY25. Standalone profit after tax jumped to Rs. 15,050 lakh from Rs. 8,644 lakh, a growth of around 74% year-on-year, with EPS of Rs. 6.58 versus Rs. 3.78. The board approved an amendment to the company's Memorandum of Association to add 'real-estate development and allied activities' as a new business vertical alongside its core agri-foods business. The 32nd AGM is scheduled for September 24, 2025, and the record date for the final dividend is September 17, 2025. The auditor (Walker Chandiok & Co LLP) issued a qualified review report citing the ongoing Enforcement Directorate investigation against KRBL's Joint Managing Director in the Agusta Westland PMLA case, saying the matter's financial impact cannot be determined pending investigation. The board also re-appointed M/s. HMVN & Associates as Cost Auditors for FY25-26.
The sharp jump in revenue and profits is a positive signal for shareholders, but the auditor's qualification over the ED investigation continues to be an overhang on the stock. The move into real estate is a diversification step that could unlock long-term value but may also be viewed with caution by investors focused on KRBL's rice-based core business.