S H Kelkar and Company Limited has informed the Exchange about approval of Incorporation of Keva Middle East FZE by Keva Fragrances Private Limited.
SHK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
S H Kelkar's board approved its Q1 FY26 (ended June 30, 2025) financial results, showing a strong turnaround with consolidated revenue from operations rising to Rs 580.63 crore from Rs 470.31 crore in the same quarter last year. The company swung to a net profit of Rs 25.55 crore compared to a loss of Rs 85.75 crore in Q1 FY25, with EPS of Rs 1.85 versus negative Rs 6.29. Fragrances remained the dominant segment at Rs 509.96 crore in revenue, while Flavours grew to Rs 68.60 crore. The board also approved an internal restructuring to align group entities with business units: selling Keva UK Ltd from Keva Europe BV to Keva Fragrances Pvt Ltd for about Euro 2 million (~Rs 20.48 crore), and selling Keva USA Inc. to Keva Fragrances for about USD 2 million (~Rs 17.54 crore). Additionally, the board approved incorporating a new wholly owned subsidiary called Keva Middle East FZE in the UAE through Keva Fragrances Pvt Ltd, expected by December 31, 2025, to expand into Middle East fragrances and flavours markets.
The Q1 results reflect a strong recovery from last year's fire-related exceptional losses, which is positive for shareholders. The restructuring is purely internal between wholly owned subsidiaries, with no change in ultimate control, so it is largely neutral for shareholders but signals operational realignment and a strategic push into the Middle East market.