K K Silk Mills Ltd held its Board Meeting on May 29, 2026, from 5:00 PM to 7:30 PM, where several key decisions were made and financial results were approved in accordance with SEBI Listing Regulations 30 and 33.
Financial Results Approval
The Board considered and approved the Audited Financial Results for:
- Half-year ended March 31, 2026
- Financial Year ended March 31, 2026
The statutory auditors, M/s. Borkar & Muzumdar, Chartered Accountants, issued an unmodified audit report dated May 29, 2026, confirming the results present a true and fair view in accordance with applicable accounting standards and Listing Regulations.
Key Financial Figures (₹ in Lacs)
Year Ended March 31, 2026 (Audited):
- Revenue from Operations: ₹24,506.76
- Other Income: ₹67.95
- Total Income: ₹24,506.76
- Profit Before Tax: ₹661.41
- Net Profit: ₹479.04
- Paid-up Equity Share Capital: ₹2,243.94
- Reserves: ₹4,772.84
- Basic EPS: ₹2.76
- Diluted EPS: ₹2.76
Half-Year Ended March 31, 2026 (Unaudited):
- Revenue from Operations: ₹13,511.05
- Other Income: ₹28.75
- Total Income: ₹13,539.80
- Profit Before Tax: ₹228.78
- Net Profit: ₹156.19
- Basic EPS: ₹0.90
- Diluted EPS: ₹0.90
Management Appointments
The Board approved the re-appointment of:
1. Mr. Manish Kantilal Shah (DIN: 00040966) as Managing Director for 5 years
2. Mr. Nilesh Kantilal Jain (DIN: 00040930) as Whole Time Director for 5 years
Both appointments are subject to shareholder approval at the ensuing Annual General Meeting.
Auditor Appointments
M/s Nidhi Bajaj and Associates, Company Secretaries (COP:14596) was appointed as Secretarial Auditor for the Financial Year 2025-26.
IPO Proceeds Utilization
The company declared no deviation/variation in the utilization of ₹28.5 crore raised through its IPO on December 3, 2025. The breakdown of utilization as of March 31, 2026:
- Capital expenditure for plant & machinery: ₹98 lakhs utilized (₹216.73 lakhs remaining)
- Repayment of secured borrowings: ₹0 utilized (₹1,786.42 lakhs remaining)
- General Corporate Purpose: ₹0 utilized (₹408.50 lakhs remaining)
- Issue Related Expenses: ₹0 utilized (₹340.35 lakhs remaining)
Additional Information
The company is primarily engaged in manufacturing and trading of textile fabrics and garments (single reportable segment).
As an SME-listed company, it is exempted from IND-AS applicability.
The company raised ₹2,850.00 lakhs through IPO by issuing 75,00,000 shares of ₹10 face value at ₹28 premium per share, listed on BSE SME Platform on December 3, 2025.
The financial results are available on the company's website (www.kksilkmills.com) and BSE SME Platform.