Meeting Information

The 62nd Annual General Meeting (AGM) of KSE Limited was held on Saturday, August 29, 2026, at 3:00 PM IST at the company's registered office. The meeting was conducted pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Attendance

Directors Present (11):

  • Mr. Tom Jose (DIN: 01971467) - Chairman, Non-Executive Non-Independent Director
  • Mr. Dony Akkarakaran George (DIN: 09211623) - Managing Director
  • Mr. Paul Francis (DIN: 00382797) - Executive Director
  • Mr. M.P. Jackson (DIN: 01889504) - Non-Executive Non-Independent Director
  • Mrs. Marykutty Varghese (DIN: 07307987) - Non-Executive Non-Independent Director
  • Dr. Pyarelal K.C. (DIN: 00923913) - Non-Executive Non-Independent Director
  • Dr. Jose Paul Thaliyath (DIN: 01773031) - Non-Executive Independent Director
  • Mr. Jose John (DIN: 01797056) - Non-Executive Independent Director
  • Mr. Krishnan Harikumar (DIN: 00388466) - Non-Executive Independent Director
  • Mr. Paul Jose Thaliyath (DIN: 01616504) - Non-Executive Independent Director
  • Mrs. Nina Paul (DIN: 08576074) - Non-Executive Independent Director

Directors Absent (3):

  • Ms. Danesa Raghulal (DIN: 07975553)
  • Mr. Shaji P Jacob (DIN: 10647012)
  • Ms. Seena Sabu (DIN: 11142271)

Shareholders: 94 Members and 9 proxy representatives attended the meeting.

Other Attendees:

  • CA. Srinivasan R, Partner, M/s. Sridhar & Co, Chartered Accountants
  • CS Nikhil George Pinto, Practicing Company Secretary, Partner, CaesarPintoJohn & Associates LLP (Secretarial Auditor and Scrutinizer)
  • CS Srividya Damodaran, Company Secretary
  • CA Senthil Kumar Nallamuthu, Chief Financial Officer

Proceedings Summary

The meeting commenced with a prayer and welcome by the Company Secretary. The Chairman, Mr. Tom Jose, chaired the AGM.

A moment of silence was observed for Mr. A. P. George, former Managing Director and promoter director, who passed away on January 7, 2026, after six decades of association with the company.

The Notice of the Meeting was taken as read with members' consent. The Statutory Auditors' Report and Secretarial Audit Report had no qualifications and were not required to be read pursuant to Section 145 of the Companies Act, 2013.

Financial Performance Highlights (FY 2025-26)

Mr. Tom Jose presented the following financial results:

  • Revenue from Operations: ₹1,680.48 crore
  • EBITDA: ₹124.65 crore
  • Profit Before Tax: ₹114.07 crore
  • Profit After Tax: ₹84.04 crore
  • EPS: ₹26.26 (on post sub-division equity capital)
  • Net Worth: ₹349.50 crore

Dividend Declaration

Final dividend of ₹7.50 per share (face value ₹1) was approved. Together with the interim dividend of ₹5 per share already paid, the total dividend for FY 2025-26 amounts to ₹12.50 per share, aggregating to a total payout of ₹40 crore.

Business Segment Performance

Animal Feed Division: Maintained market position despite raw material volatility and cattle population declines in Kerala. Achieved market share expansion in Tamil Nadu and Karnataka, with healthy volume growth in Poultry Feed. Plans to expand into Maharashtra.

Oil Cake Processing Division: Recorded 22% growth in revenue to ₹258.30 crore and segment profit of ₹70.69 crore. Maintained national leadership position in coconut oil cake processing with growth in refined coconut oil sales.

Dairy Division: Continued strengthening presence through the Vesta brand. The Ice Cream Division turned profitable in Q1 of current financial year.

Operational Updates

The company highlighted investments in plant modernization, warehouse infrastructure, process automation, digital transformation, and energy efficiency. Potential plans to diversify into bio-waste management sector were mentioned.

Tamil Nadu business showed significant improvement, turning profitable and contributing approximately 31% of total cattle feed sales.

Voting Items Transacted

The following items from the Notice of AGM dated June 17, 2026, were approved through remote e-voting:

1. Declaration of final dividend of ₹7.50 per equity share for FY ended March 31, 2026

2. Reappointment of Dr. Pyarelal K.C. (DIN: 00923913) as Director

3. Reappointment of Ms. Danesa Raghulal (DIN: 07975553) as Director

4. Mr. M.P. Jackson (DIN: 01889504) not seeking re-election (liability to retire noted)

5. Appointment of Mr. Dony Akkarakaran George (DIN: 09211623) as Managing Director

6. Reappointment of Mr. Paul Francis (DIN: 00382797) as Executive Director

7. Appointment of Mr. Mampilly Paul Giji (DIN: 01688499) as Director

8. Appointment of Mrs. Suja Davis (DIN: 11213213) as Director

9. Adoption of New Articles of Association

10. Increase in Authorized Share Capital and consequential alteration of Capital Clause

11. Regularization of Historical Issued but Unsubscribed Share Capital

12. Approval for acceptance of Deposits from Public/Members

13. Approval of remuneration to Cost Auditor

14. Payment of Remuneration to Non-Executive Directors

Note: Original item regarding transfer of car to Mr. M P Jackson was withdrawn per Corrigendum dated August 20, 2026.

Voting Process

CS. Nikhil George Pinto was appointed as Scrutinizer to supervise remote e-voting and e-voting at AGM. Combined results of remote e-voting before and during AGM will be announced within stipulated timeframe and submitted to Stock Exchanges per SEBI LODR requirements.

Meeting Duration

The AGM commenced at 3:00 PM and concluded at 4:30 PM. Venue voting closed at 5:00 PM.