Key Financial Figures (Standalone - Q4 FY26)

  • Revenue from Operations: ₹445.15 lakhs (₹4,451.53 lakhs)
  • Other Income: ₹10.36 lakhs (₹103.59 lakhs)
  • Total Income: ₹455.51 lakhs (₹4,555.12 lakhs)
  • Total Expenses: ₹596.22 lakhs (₹5,962.24 lakhs)
  • Net Loss: ₹140.71 lakhs (₹1,407.11 lakhs)
  • Basic EPS: ₹-1.30

Key Financial Figures (Standalone - Full Year FY26)

  • Revenue from Operations: ₹1,783.04 lakhs (₹17,830.36 lakhs)
  • Other Income: ₹33.86 lakhs (₹338.57 lakhs)
  • Total Income: ₹1,816.89 lakhs (₹18,168.93 lakhs)
  • Total Expenses: ₹2,128.80 lakhs (₹21,288.00 lakhs)
  • Net Loss: ₹311.91 lakhs (₹3,119.07 lakhs)
  • Basic EPS: ₹-2.89

Key Financial Figures (Consolidated - Q4 FY26)

  • Revenue from Operations: ₹445.15 lakhs (₹4,451.53 lakhs)
  • Other Income: ₹10.36 lakhs (₹103.59 lakhs)
  • Total Income: ₹455.51 lakhs (₹4,555.12 lakhs)
  • Share of Loss of Associate: ₹179.04 lakhs (₹1,790.39 lakhs)
  • Net Loss: ₹319.75 lakhs (₹3,197.50 lakhs)
  • Basic EPS: ₹-2.96

Key Financial Figures (Consolidated - Full Year FY26)

  • Revenue from Operations: ₹1,783.04 lakhs (₹17,830.36 lakhs)
  • Other Income: ₹33.86 lakhs (₹338.57 lakhs)
  • Total Income: ₹1,816.89 lakhs (₹18,168.93 lakhs)
  • Share of Loss of Associate: ₹409.95 lakhs (₹4,099.46 lakhs)
  • Net Loss: ₹721.85 lakhs (₹7,218.53 lakhs)
  • Basic EPS: ₹-6.68

Segment Performance (Full Year FY26 - Standalone)

  • Fertiliser: Revenue ₹319.68 lakhs, Profit ₹38.35 lakhs
  • Footwear: Revenue ₹1,024.14 lakhs, Loss ₹90.98 lakhs
  • Logistics: Revenue ₹213.85 lakhs, Loss ₹22.61 lakhs
  • Drone: Revenue ₹28.54 lakhs, Loss ₹4.51 lakhs
  • Hotel: Revenue ₹168.48 lakhs, Loss ₹95.37 lakhs
  • Digital Media: Revenue ₹2.40 lakhs, Loss ₹8.30 lakhs
  • FMCG: Revenue ₹1.92 lakhs, Loss ₹8.14 lakhs

Assets and Liabilities Position (Standalone as at 31-03-2026)

  • Total Assets: ₹3,521.12 lakhs (₹35,211.21 lakhs)
  • Non-Current Assets: ₹2,321.39 lakhs (₹23,213.92 lakhs)
  • Current Assets: ₹1,199.73 lakhs (₹11,997.28 lakhs)
  • Equity Share Capital: ₹540.11 lakhs (₹5,401.09 lakhs)
  • Other Equity: ₹2,183.29 lakhs (₹21,832.86 lakhs)
  • Total Equity: ₹2,723.40 lakhs (₹27,233.95 lakhs)
  • Non-Current Liabilities: ₹103.29 lakhs (₹1,032.86 lakhs)
  • Current Liabilities: ₹694.44 lakhs (₹6,944.39 lakhs)

Cash Flow Statement (Standalone FY26)

  • Net Cash from Operating Activities: ₹1,448.72 lakhs (₹14,487.19 lakhs)
  • Net Cash Used in Investing Activities: ₹-1,559.53 lakhs (₹-15,595.33 lakhs)
  • Net Cash Used in Financing Activities: ₹-0.06 lakhs (₹-5.58 lakhs)
  • Net Decrease in Cash: ₹-111.37 lakhs (₹-1,113.72 lakhs)

Significant Notes and Disclosures

Financing Activities

  • Availed unsecured loan facility of ₹34 crores from Satluj Credit Holdings Private Limited at 24% p.a. for business operations
  • Availed unsecured loan facility of ₹2 crores from Transworld Breweries and Distilleries Private Limited at 24% p.a. for business operations and working capital

Pending Matters

  • Subsidy receivable of ₹80 lakhs from Government pertaining to FY 2010-11, 2012-13, and 2013-14 (under pursuit)
  • Dispute with Sub-Registrar regarding valuation of assets sold to Coromandel International Limited in FY 2023-24 (actual consideration ₹50.28 crore vs registered value ₹137.25 crore)
  • Writ petition pending before Madras High Court challenging Collector of Nilgiris' repossession proceedings for land in Coonoor
  • Notice under Section 148A(1) of Income Tax Act for FY 2021-22 proposing disallowance of expenses amounting to ₹3.37 crore and demand of ₹1.16 crore (reply being filed)

Corporate Developments

  • Shareholders approved KICL Employee Stock Option Scheme for 46,86,000 ESOPs (not yet implemented as of 31-03-2026)
  • Applied for voluntary delisting from Calcutta Stock Exchange on 16th March 2026 (awaiting final order)
  • Applied to SIPCOT for allotment of land at Melur, Tamil Nadu costing ₹32.13 crores (allotment letter received 26-02-2026, payment made 24-05-2026 with ₹31 lakhs interest)
  • Appointed Ms. Priya Rao as Independent Woman Director effective 16-02-2026
  • Appointed Ms. Rafiq Ahmed Sulaiha Banu as Non-Executive Director effective 20-03-2026

Tax and Regulatory

  • No provision for current tax due to loss incurred
  • Evaluating impact of new Labour Codes notified on 21st November 2025 (estimated impact 13.81% on employee benefits and 6.58% liabilities approx. ₹3.96 lakhs)

Audit Qualifications

Auditors (Ray & Ray Chartered Accountants) issued qualified opinion with six key qualifications:

1. Subsidy Receivable: ₹80 lakhs subsidy receivable from Government outstanding for over 8 years with no documentary evidence for verification

2. Balance Confirmations: Missing confirmations for promoters (₹1.80 crores), trade receivables (₹33.49 crores), trade payables (₹23.24 crores), vendor advances (₹15.06 crores), advances from customers (₹3.99 crores), other loans payable (₹52.88 crores), and related parties (₹1.44 crores out of ₹15.26 crores)

3. GST Reconciliation: Unreconciled GST input credit (₹10.41 crores), GST output liability (₹10.55 crores), and GST payable debit balance (₹1.41 crores) with GST portal/GSTR-2B

4. Inventory Valuation: Detailed stock valuation reports unavailable for ₹10.98 crores out of total inventory of ₹17.02 crores; no tracking of non-moving/slow-moving inventory

5. Land Litigation: Unable to ascertain potential liability from pending Madras High Court case regarding land repossession in Coonoor

6. Statutory Deductions: Unreconciled statutory deductions for PF (₹40.68 lakhs), ESI (₹9.38 lakhs), and PT (₹30.03 lakhs) with payroll records

Management responded to each qualification, maintaining that balances are appropriately recorded and any differences will be reconciled and adjusted in subsequent periods.