Key Board Decisions and Financial Results
The Board meeting, which commenced at 11:30 AM and concluded, approved two key items of business:
1. Unaudited Financial Results: Approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2026, along with the accompanying Limited Review Reports issued by the statutory auditors, Singhi & Co.
2. Re-appointment of Managing Director: Considered and approved the re-appointment of Shri Rajya Vardhan Kanoria (DIN: 00003792) as Managing Director for a term of 3 years, effective from 10th January 2027, subject to shareholder approval.
Detailed Financial Performance (Standalone - INR Lakhs)
Quarter Ended 30.09.2026 (Unaudited):
- Revenue from Operations: ₹32,727
- Other Income: ₹553
- Total Income: ₹33,280
- Profit Before Tax: ₹3,112
- Profit for the Period: ₹2,327
- Basic & Diluted EPS: ₹5.33 (not annualized)
Half Year Ended 30.09.2026 (Unaudited):
- Revenue from Operations: ₹75,726
- Other Income: ₹1,455
- Total Income: ₹77,181
- Profit Before Tax: ₹6,637
- Profit for the Period: ₹4,964
- Basic & Diluted EPS: ₹11.36 (not annualized)
Comparative Figures (Half Year Ended 30.09.2025):
- Revenue from Operations: ₹37,741
- Profit for the Period: ₹183
Detailed Financial Performance (Consolidated - INR Lakhs)
Quarter Ended 30.09.2026 (Unaudited):
- Revenue from Operations: ₹35,798
- Profit for the Period: ₹2,272
- Basic & Diluted EPS (Continuing & Discontinued): ₹5.20 (not annualized)
Half Year Ended 30.09.2026 (Unaudited):
- Revenue from Operations: ₹81,835
- Profit for the Period: ₹4,908
- Basic & Diluted EPS (Continuing & Discontinued): ₹11.23 (not annualized)
Key Financial Notes
- Preference Share Issuance: The company issued 4,95,000 Non-Convertible, Non-Cumulative, Non-Participating, Redeemable 7% Preference Shares (NCRPS) of ₹1,000 each at par, aggregating to ₹4,950 lakhs on 18th April 2026. As per Ind AS 109, these were fair valued at ₹4,320 lakhs, resulting in a gain of ₹630 lakhs recorded in Other Income for the quarter ended 30th June 2026 and half year ended 30th September 2026.
- Exceptional Item: An impairment of ₹1,064 lakhs in the value of the company's investment in equity shares of APAG Holding AG was recorded during the half year ended 30th September 2025 and year ended 31st March 2026.
- Segment Reporting: The company operates primarily in Chemicals (reportable segment) and Textiles.
Management Change Details
The re-appointment of Shri Rajya Vardhan Kanoria includes the following details from Annexure-I:
- Name & DIN: Rajya Vardhan Kanoria (DIN:00003792)
- Term: 10th January 2027 to 9th January 2030 (3 years)
- Profile: 71 years old, B.Sc. Graduate, MBA (Hons) from IMD Lausanne, Switzerland, alumnus of The Wharton School of Business. Has 52 years of industrial, managerial, administrative, and commercial experience. Currently Managing Director.
- Relationships: Spouse of Smt. Madhuvanti Kanoria (DIN:00142146), Non-Executive Director, and father of Shri Saumya Vardhan Kanoria (DIN:02097441), Whole-Time Director.
- Compliance: Not debarred from holding the office of Director by any order from SEBI or other authorities.
Auditor Review
The limited review of both standalone and consolidated results was performed by Singhi & Co. (Firm Registration No. 302049E), who issued an unmodified review report. The review of the foreign subsidiary, Kanoria Africa Textiles PLC (Ethiopia), was performed by other auditors, and the parent's management converted the financial information to Indian accounting principles.
Assets and Liabilities Position (Standalone as of 30.09.2026)
- Total Assets: ₹113,402 Lakhs (Previous: ₹105,105 Lakhs as of 31.03.2026)
- Total Equity: ₹68,804 Lakhs
- Borrowings (Non-Current): ₹10,746 Lakhs
- Borrowings (Current): ₹1,906 Lakhs
Cash Flow (Standalone Half Year Ended 30.09.2026)
- Net Cash from Operating Activities: ₹9,415 Lakhs
- Net Cash used in Investing Activities: (₹4,050) Lakhs
- Net Cash used in Financing Activities: (₹5,843) Lakhs
- Net Decrease in Cash: (₹478) Lakhs