Board Meeting Details

The Board Meeting was held on November 03, 2026, commencing at 03:00 PM and concluding at 04:10 PM. The board approved the unaudited financial results for the quarter and half year ended September 30, 2026, and the limited review report of statutory auditors for the same period, as required under Regulation 33 of SEBI Listing Regulations.

The company noted an inadvertent error in mentioning the meeting conclusion time in the original disclosure and assured the exchange of continued commitment to accuracy and compliance.

Financial Results Highlights (Quarter Ended September 30, 2026)

  • Net Sales/Income from Operations: Not separately quantified (included in total income)
  • Other Income: Rs 10.50 lakh
  • Total Income (1+2): Rs 9.72 lakh
  • Total Expenditure: Rs 94.97 lakh
  • Cost of materials consumed: Rs 38.09 lakh
  • Employees benefit expense: Rs 45.53 lakh
  • Finance Cost: Rs 9.34 lakh
  • Depreciation & Amortisation: Rs 2.02 lakh
  • Profit/Loss before exceptional item and tax: Rs (85.25) lakh (loss)
  • Exceptional items: Not applicable
  • Tax expense: Not applicable
  • Net Profit/Loss after tax: Rs (85.25) lakh (loss)
  • Paid-up equity share capital: Rs 110.62 lakh (Face value: Rs 1 per share)
  • Basic and diluted EPS: Rs (0.771) (loss)

Financial Results Highlights (Half Year Ended September 30, 2026)

  • Total Income: Rs 16.77 lakh
  • Total Expenditure: Rs 151.42 lakh
  • Profit/Loss before exceptional item and tax: Rs (113.65) lakh (loss)
  • Net Profit/Loss after tax: Rs (113.65) lakh (loss)
  • Basic and diluted EPS: Rs (1.027) (loss)

Emphasis of Matter from Auditors

Jhunjhunwala Jain & Associates LLP, Chartered Accountants (Firm Registration No.: 113675W/W100361), issued a limited review report with the following emphasis of matter:

1. Pending Litigation: There is a pending litigation of the company along with a group company against LIC of India for the Ridge Road Property, which is shown as inventory valued at Rs 112.99 lakh. Although the property is in dispute, the company has not made any provision for diminution in value.

2. Scheme of Arrangement: Pursuant to the Scheme of Arrangement and Amalgamation between Kirti Investments Limited (Transferor Company) and Kedia Construction Company Limited (Transferee Company), which provided for reduction of share capital of the Transferee Company and amalgamation of the Transferor Company with the Transferee Company, approved by the Hon'ble National Company Law Tribunal, Mumbai Bench vide order dated April 6, 2026, with appointed date as April 1, 2024. The business of the Transferor Company has been transferred to and merged with the Company and accounted for in accordance with the approved Scheme. Accordingly, comparative financial information has been restated from the beginning of the preceding period (April 1, 2024).

The auditors' opinion is not modified in respect of these matters.

Additional Notes from Financial Statements

  • The company is primarily engaged in the construction business with no separate reportable segments as per Ind AS 108
  • Figures of previous period have been regrouped and/or recast wherever considered necessary
  • The financial results are submitted to BSE and available on the company's website at www.kcclindia.in
  • No complaints were received or pending as of quarter ending September 30, 2026
  • The court case with LIC of India for the Ridge Road Property (Rs 112.99 lakh under inventory) is reiterated with no provision made

Statement of Assets and Liabilities (As at September 30, 2026)

  • Total Assets: Rs 1,483.48 lakh
  • Current Assets: Rs 1,472.17 lakh (including inventories: Rs 1,145.12 lakh)
  • Non-Current Assets: Rs 11.31 lakh
  • Total Equity and Liabilities: Rs 1,483.48 lakh
  • Equity: Rs 1,370.94 lakh
  • Current Liabilities: Rs 112.55 lakh

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net cash flow from operating activities: Rs (46.69) lakh
  • Net cash flow from investing activities: Rs 4.56 lakh
  • Net cash flow from financing activities: Not quantified
  • Net decrease in cash and cash equivalents: Rs (42.12) lakh
  • Cash and cash equivalents at period end: Rs 7.17 lakh