The board of directors in their meeting held today have decided appointment of Secretarial Auditors of the company subject to approval of members at AGM.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.2 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kush Industries Ltd reported unaudited Q1 FY26 results (quarter ended 30 June 2025) with revenue from operations of just Rs 0.24 lakh (flat year-on-year) and a net loss of Rs 2.34 lakh, wider than the Rs 1.39 lakh loss in Q1 FY25. The company's reserves remain deeply negative at Rs (2,209.41) lakh against paid-up equity of Rs 1,484.68 lakh. The board fixed the 33rd AGM for 30 September 2025 via video conferencing, with remote e-voting window from 27-29 September 2025. It also appointed Nishant Pandya & Associates as Secretarial Auditors for five years (FY26-FY30) and P S S P & Co. as new Statutory Auditors for five years, replacing outgoing V H Gundarwala & Co. upon completion of their term. The limited review report is clean with no qualifications, and the company has zero outstanding debt and no loan defaults.
Auditor appointments are routine governance changes requiring shareholder approval at the AGM and are unlikely to move the stock. However, the underlying business is very weak with negligible revenue, widening losses, and deeply negative reserves, which remains a concern for long-term shareholders.