Company Overview
Kamdhenu Ventures Limited (NSE: KAMOPAINTS | BSE: 543747) submitted its Annual Report for FY 2025-26 along with notice of its 7th Annual General Meeting scheduled for September 25, 2026, in compliance with SEBI Regulation 34.
Financial Performance Highlights
Consolidated FY26 Results: Revenue from operations declined to ₹245.3 Crores from ₹266.1 Crores YoY (-7.8%), with Profit After Tax plummeting to ₹0.2 Crores from ₹6.66 Crores in FY25 (-97.0%). Key ratios showed significant deterioration: Return on Net Worth decreased 97.19% to 0.11%, Debt Service Coverage Ratio fell 70.93% to 0.68 times, and Net Profit Ratio declined 96.80% to 0.08%. The performance was impacted by competitive pressures, input cost volatility, and industry demand-supply dynamics.
Capital Structure & Corporate Actions
The company completed preferential allotment of 2,96,45,000 convertible warrants to promoter entity Kamdhenu Limited at ₹6.80 per warrant, raising ₹12.51 Crores. As of March 31, 2026, 1,46,45,000 warrants were converted to equity shares (additional capital infusion ₹7.47 Crores), with 1,50,00,000 warrants remaining outstanding. Paid-up share capital increased to ₹32.90 Crores, while authorized capital was raised to ₹41.50 Crores.
Operational Highlights
Through subsidiary Kamdhenu Colour and Coatings Limited, the company maintained strong market presence with 4,440+ dealer network, 1,780+ tinting machines, and 20,000+ painter network. The product mix comprised 83% water-based products, with manufacturing capacity of 36,000 KL per annum across 31 sales depots. The company expanded its wood coating manufacturing facility with ₹3.02 Crores capital work-in-progress.
Audit & Compliance Matters
Auditors DSP & Associates issued an unmodified opinion on both financial statements and internal financial controls, relying on predecessor auditor's FY25 report. The company faced regulatory non-compliance regarding delayed appointment of Compliance Officer, resulting in NSE-imposed fine of ₹89,680. CSR expenditure of ₹11.30 Lakhs was made through Kamdhenu Jeevandhara Foundation.
Corporate Governance & AGM Details
The 7th AGM will be held on September 25, 2026 via video conferencing to transact business including adoption of financial statements, reappointment of directors Sunil Kumar Agarwal (retiring by rotation), Ramesh Chand Surana, and Madhusudan Agarwal as Independent Directors for second terms. The board provided corporate guarantee of ₹42.50 Crores to subsidiary for securing credit facilities from Indian Bank.
Subsequent Events & Forward Outlook
In April 2026, the company subscribed to 3,614 equity shares of subsidiary on rights basis at ₹36,000 per share, totaling investment of ₹1,304.04 Lakhs. Forward-looking statements highlight risks from domestic/global economic conditions, raw material price fluctuations, government regulations, and competitive intensity.