Date: May 28, 2026
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
The Audit Committee reviewed and the Board of Directors approved the audited standalone and consolidated financial results at their respective meetings held on May 27, 2026.
Financial Results (Standalone & Consolidated)
Standalone Financial Results (Year ended March 31, 2026):
- Total Assets: ₹77,784.49 lakh (vs. ₹40,239.17 lakh previous year)
- Equity Share Capital: ₹1,302.87 lakh
- Other Equity: ₹75,067.51 lakh
- Profit After Tax: ₹17,982.06 lakh
- Other Income: ₹862.62 lakh (includes ₹257.34 lakh Profit on sale of Non-Factory Building for which sale deed is yet to be executed)
- Exceptional Item: Fair value gain of ₹26,265.71 lakh on investment in JK Urbanscapes Developers Limited
Consolidated Financial Results (Year ended March 31, 2026):
- Total Revenue: ₹28,229.43 lakh
- Profit Before Tax: ₹22,194.92 lakh
- Profit After Tax: ₹21,564.86 lakh
- Earnings Per Share (Basic): ₹16.88
- Other Income: ₹2,424.61 lakh (includes ₹257.34 lakh from Profit on sale of Non-Factory Building for which sale deed is yet to be executed)
- Exceptional Items:
- Fair value gain of ₹26,265.71 lakh on investment in JK Urbanscapes Developers Limited
- Provision for expected credit loss of ₹4,892 lakh against trade receivables in a subsidiary
- Impairment of stock of finished goods in Neumash Labs Private Limited: ₹12 lakh
- Additional provision towards gratuity and leave encashment due to Labour Codes: ₹447.56 lakh
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
NBFC Classification Issue:
The company's financial assets and income derived therefrom exceeded 50% of total assets and gross income, meeting NBFC criteria under RBI Act. However, management contends principal business remains in digital manufacturing, software development, and aerospace parts manufacturing, with financial assets being strategic investments in subsidiaries. Management obtained external consultant opinion supporting that NBFC registration is not required.
Subsidiary Concerns:
- Neumesh Labs Private Limited: Minimal manufacturing activities, all PPE disposed of, net worth fully eroded, negative net worth of ₹4,305.51 lakh, current liabilities exceed current assets
- JK Defense & Aerospace Limited: No manufacturing or trading activities since 2023-24, no operating income, net worth fully eroded (excluding equity components of optionally convertible redeemable preference share), current liabilities substantially exceed current assets
- JK Technosoft Limited: JKT Bangladesh Pvt. Ltd. in voluntary winding up, accounts prepared on realizable value basis
- Allen Reinforced Plastics Limited: Company and ex-directors named as co-accused in CBI case against public servant, company contesting the case
- Nebula 3D Services Private Limited: Substantial accumulated losses, significant current year losses, net worth eroded, prepared on going concern basis based on shareholder support
Segment Performance:
Digital Manufacturing and Advance Systems segment reported revenue of ₹6,115.69 lakh for the year ended March 31, 2026.
Right Issue Utilization:
Details of utilization of ₹14,614.42 lakhs raised through right shares provided, with funds allocated to JK Defence and K Digital segments for various purposes including plant & machinery, land purchase, building construction, and loan repayment.