Financial Performance Highlights (Amount in ₹ Lakhs)

| Particulars | FY 2025-26 | FY 2024-25 |

| Total Revenue | 190.20 | 900.16 |

| Total Expenses | 194.31 | 811.92 |

| Profit/(Loss) Before Taxes | (4.11) | 88.24 |

| Net Tax Expense | 0.00 | 23.26 |

| Profit/(Loss) for the period (After Tax) | (4.11) | 64.98 |

The company incurred a net loss of ₹4.11 lakhs compared to a net profit of ₹64.98 lakhs in the previous year. Revenue declined significantly from ₹900.16 lakhs to ₹190.20 lakhs.

Annual General Meeting Details

  • Date: Wednesday, 30th September, 2026
  • Time: 11:00 a.m. (IST)
  • Mode: Video Conferencing/Other Audio Visual Means
  • Venue: D-313, Sumel Business Part 1, Indian Textile Plaza, Near Namaste Circle, Shahibag, Ahmedabad, Gujarat, India, 380004

Business to be Transacted

Ordinary Business:

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Mr. Shafi Khan (DIN: 11361801) as Director retiring by rotation

Special Business:

3. Shifting of Registered Office from Gujarat to Maharashtra (requires Special Resolution)

Remote E-Voting Details

  • Voting Period: Saturday, September 26, 2026 (9:00 a.m.) to Tuesday, September 29, 2026 (5:00 p.m.)
  • Cut-off Date: Wednesday, September 23, 2026
  • Service Provider: Central Depository Services Limited (CDSL)

Key Financial Position Details (as of March 31, 2026)

  • Share Capital: ₹550.40 lakhs (unchanged from previous year)
  • Other Equity: ₹428.10 lakhs (previous year: ₹432.22 lakhs)
  • Total Assets: ₹1,203.93 lakhs (previous year: ₹1,039.01 lakhs)
  • Non-current Borrowings: ₹224.15 lakhs (unsecured loans, previous year: ₹0.00)
  • Inventory: ₹77.83 lakhs (previous year: ₹0.00)
  • Trade Receivables: ₹0.00 (previous year: ₹147.65 lakhs)
  • Cash and Cash Equivalents: ₹2.11 lakhs (previous year: ₹51.44 lakhs)
  • Advances to Suppliers: ₹905.59 lakhs (previous year: ₹653.78 lakhs)

Statutory Auditor's Report - Qualified Opinion

M/s. Chandabhoy & Jassoobhoy issued a qualified opinion citing several material weaknesses:

1. Unsecured Loans: ₹224.15 lakhs without interest charges, agreements, or confirmations

2. Loan to Others: ₹195.00 lakhs with no transactions during year and no balance confirmation

3. Advances to Suppliers: ₹897.14 lakhs without relevant agreements or confirmations

4. Lack of Documentation: No sales invoices, E-Way Bills, delivery challans, or transportation details provided

5. No Fixed Assets Register: Inability to verify existence, condition, and valuation of assets

6. Asset Disposal: Fixed assets worth ₹2.5 lakhs sold without supporting documentation

7. Calls in Arrears: ₹1.42 lakhs without supporting records or shareholder details

Board Composition and Committees

Board of Directors (as on March 31, 2026):

  • Mr. Shafi Khan - Whole-time Director (DIN: 11361801)
  • Ms. Zinat Bano Anis Khan - Promoter Director (DIN: 10319484)
  • Ms. Najma Shafi Khan - Promoter Director (DIN: 10319516)
  • Mr. Anis Nizam Khan - Promoter Director (DIN: 11205647) & CFO (from January 5, 2026)
  • Mr. Sandeep Bhiku Pawar - Independent Director (DIN: 01710345)
  • Mr. Vishal Balu Borkar - Independent Director (DIN: 11439344)

Committee Composition:

  • Audit Committee: Mr. Sandeep Bhiku Pawar (Chairman), Mr. Vishal Balu Borkar, Mr. Anis Nizam Khan
  • Nomination and Remuneration Committee: Mr. Sandeep Bhiku Pawar (Chairman), Mr. Vishal Balu Borkar, Ms. Najma Shafi Khan
  • Stakeholders' Relationship Committee: Mr. Sandeep Bhiku Pawar (Chairman), Mr. Vishal Balu Borkar, Mr. Shafi Khan

Secretarial Audit Report Qualifications

M/s. Utkarsh Shah & Co. identified several compliance deficiencies:

1. No Whole-time Company Secretary for certain period (non-compliance with Section 203 of Companies Act, 2013)

2. Inadequate maintenance of Structured Digital Database as per SEBI (PIT) Regulations

3. Non-compliance with SDD connectivity requirements with Depositories

4. Non-compliance with newspaper publication requirements under SEBI (LODR) Regulations

5. Delay in submission of quarterly compliances/returns to Stock Exchange

Other Material Information

  • Dividend: No dividend recommended due to losses
  • Public Deposits: No deposits accepted during the year
  • Related Party Transactions: Sitting fees paid to independent directors (₹0.20 lakhs)
  • Dematerialization: 94.59% of equity shares dematerialized (52,19,872 shares)
  • Employee Strength: 4 permanent employees as of March 31, 2026
  • Foreign Exchange: No foreign exchange earnings or outgo during the year
  • Corporate Social Responsibility: Not applicable to the company
  • Segment Reporting: Company operates in paper trading business

Explanatory Statement for Registered Office Shift

The Board proposes shifting the Registered Office from Gujarat to Maharashtra to achieve greater administrative efficiency, improve operational management, and facilitate better coordination of business activities. The shift requires approval by Special Resolution and subsequent approval from the Regional Director and Registrar of Companies.

Management Response to Audit Qualifications

The management has acknowledged the audit qualifications and stated they are taking necessary steps to:

  • Appoint a qualified Company Secretary and Compliance Officer
  • Implement appropriate systems for Structured Digital Database maintenance
  • Strengthen compliance mechanisms with Depositories
  • Ensure timely publication of newspaper advertisements
  • Strengthen internal compliance monitoring systems

#Tags: #KonndorIndustries #FY2026Results #SEBIDisclosure #QualifiedAuditOpinion #AGM2026 #RegulatoryCompliance #FinancialUpdate #Negative