Key Financial Figures

  • Total Income: ₹83.55 lakhs (FY25-26) vs ₹82.60 lakhs (FY24-25 restated)
  • Profit/(Loss) Before Tax: ₹(229.57) lakhs (FY25-26) vs ₹49.87 lakhs (FY24-25 restated)
  • Profit/(Loss) After Tax: ₹(232.72) lakhs (FY25-26) vs ₹39.25 lakhs (FY24-25 restated)
  • Cash and Cash Equivalents: ₹49.29 lakhs (as of March 31, 2026)
  • Earnings Per Share: Basic and Diluted EPS of ₹(2.10) (FY25-26) vs ₹0.35 (FY24-25 restated)
  • Net Worth: ₹1,484.58 lakhs (March 31, 2026) vs ₹1,717.31 lakhs (March 31, 2025 restated)

Dates of Action

  • Annual Report Date: August 28, 2026
  • AGM Date: September 23, 2026 at 12:00 PM IST through VC/OAVM
  • Record Date for AGM: September 15, 2026
  • Remote E-voting Period: September 18, 2026 (9:00 AM) to September 22, 2026 (5:00 PM)
  • Book Closure: September 16, 2026 to September 22, 2026 (both days inclusive)
  • NCLT Merger Approval Date: April 6, 2026 (effective April 1, 2024)

Parties Involved

  • Statutory Auditor: Jhunjhunwala Jain & Associates LLP
  • Secretarial Auditor: Kala Agarwal & Associates
  • RTA: MUFG Intime India Private Limited
  • Bankers: Kotak Mahindra Bank Ltd., HDFC Bank Limited
  • Legal Advisors: Narayanan & Narayanan Advocate & Solicitor
  • E-voting Agency: National Securities Depository Limited (NSDL)

Business Combination Impact

The Hon'ble NCLT, Mumbai Bench approved the Scheme of Arrangement and Amalgamation between Kirti Investments Limited (transferor) and Kedia Construction Company Limited (transferee) vide order dated April 6, 2026 with appointed date of April 1, 2024. The merger was accounted using pooling of interest method, resulting in:

  • Addition of net assets worth ₹1,100.00 lakhs from Kirti Investments
  • Issuance of 83.60 lakh equity shares to shareholders of Kirti Investments
  • Capital reserve of ₹1,016.40 lakhs created on amalgamation
  • Comparative financials for FY24-25 restated from April 1, 2024

Capital Structure Impact

  • Pre-merger Share Capital: ₹150.00 lakhs (30 lakh shares of ₹5 each)
  • Post-merger Share Capital: ₹110.62 lakhs (110.62 lakh shares of ₹1 each after reduction and amalgamation)
  • Capital Reduction: Face value reduced from ₹5 to ₹1 per share
  • New ISIN: Company is in process of acquiring new ISIN for face value of ₹1

Related Party Transactions

Shareholders are requested to ratify the following related party transactions (Item 3 of Special Business):

  • Akash Bate (KMP): Managerial Remuneration & Perquisites ₹6.90 lakhs
  • Pooja Choubey (KMP): Managerial Remuneration & Perquisites ₹2.04 lakhs
  • Jayprakash Preethi (Director): Sitting Fees ₹1.00 lakh
  • Akash Bate: Advance against salary ₹0.75 lakhs
  • Nitin Castings Limited: Service Charges Received ₹55.00 lakhs

Litigation Contingency

The company has ongoing litigation (Suit no. 894 of 1986) against LIC of India for Ridge Road Property with carrying value of ₹72.17 lakhs included in inventory. No provision for diminution made as matter is sub-judice.

Dividend Declaration

No dividend recommended for FY 2025-26 to conserve resources.

Corporate Governance

Company exempt from corporate governance provisions under Regulation 15(2) of SEBI LODR due to size criteria. Paid-up capital ₹110.62 lakhs and net worth ₹1,484.58 lakhs as of March 31, 2026.

Internal Financial Controls

Management asserts adequate internal financial controls were in place and operating effectively during FY25-26. Statutory auditors confirmed this in their report.

Key Managerial Changes

  • Mr. Abhishek Dineshkumar Rai appointed as Company Secretary & Compliance Officer w.e.f July 18, 2026
  • Mr. Akash Bate resigned as Company Secretary & Compliance Officer w.e.f February 20, 2026

Registered Office Change

Registered office changed to A-901, 81 Crest, FP Nos. 81B and 81C, Linking Road, Santacruz West, Mumbai, Maharashtra, 400054 w.e.f February 4, 2026.