Key Quantitative Figures

Financial Results for Half Year Ended September 30, 2026 (Standalone):

  • Revenue from Operations: ₹67,876.14 lakhs (₹678.76 crore)
  • Total Income: ₹68,201.83 lakhs (₹682.02 crore)
  • Profit Before Tax: ₹4,969.37 lakhs (₹49.69 crore)
  • Tax Expense: ₹1,526.17 lakhs (₹15.26 crore)
  • Profit for the Period: ₹3,443.20 lakhs (₹34.43 crore)
  • Basic EPS: ₹6.89
  • Diluted EPS: ₹6.89
  • Paid-up Equity Share Capital: ₹2,500.00 lakhs (₹25.00 crore, Face Value ₹5 each)

Comparative Financial Performance (Standalone):

| Period | Revenue | Profit Before Tax | Profit After Tax | EPS |

| H1 FY27 (Sep 2026) | ₹67,876.14 lakhs | ₹4,969.37 lakhs | ₹3,443.20 lakhs | ₹6.89 |

| H1 FY26 (Sep 2025) | ₹53,207.17 lakhs | ₹7,842.91 lakhs | ₹5,830.90 lakhs | ₹11.66 |

| Full Year FY26 (Mar 2026) | ₹1,24,556.89 lakhs | ₹18,436.18 lakhs | ₹13,574.41 lakhs | ₹27.15 |

Preferential Issue Details:

  • Securities: 34,24,657 fully convertible equity warrants
  • Issue Price: ₹292 per warrant (₹5 face value + ₹287 premium)
  • Total Issue Size: ₹99,99,99,844 (approximately ₹100 crore)
  • Payment Terms: 25% payable on allotment, 75% payable on conversion
  • Warrant Tenor: 18 months from allotment date
  • Conversion: Each warrant convertible into 1 equity share of ₹5 face value

Shareholding Impact:

  • Investor: Dr. Faruk G. Patel (Promoter)
  • Pre-issue holding: 2,89,32,511 shares (57.87%)
  • Post-issue holding (assuming full conversion): 3,23,57,168 shares (60.57%)

Dates of Action

  • Board Meeting Date: November 13, 2026 (2:25 PM to 2:55 PM)
  • Relevant Date for Floor Price: November 11, 2026
  • EGM Date: December 11, 2026 (through VC/OAVM)
  • Financial Period: Half Year ended September 30, 2026

Parties Involved

  • Investor: Dr. Faruk G. Patel (Promoter category)
  • Statutory Auditors: MS KC & Associates LLP
  • Subsidiary: KPZon Energia Private Limited (75% ownership)

Purpose/Rationale

The preferential issue of warrants to the promoter is for fundraising purposes, subject to shareholder and regulatory approvals.

Financial Impact

The preferential issue will bring in approximately ₹100 crore in funding, with ₹25 crore receivable on warrant allotment and ₹75 crore receivable on conversion to equity shares.

Capital Structure Impact

Upon full conversion of all warrants, the equity share capital will increase by 34,24,657 shares of ₹5 each, resulting in dilution to non-promoter shareholders and increase in promoter holding from 57.87% to 60.57%.

Cash Flow Implications

  • Inflow of approximately ₹25 crore on warrant allotment
  • Additional inflow of approximately ₹75 crore on conversion of warrants to equity shares

Additional Operational Information

  • The company is primarily engaged in Fabrication and Galvanizing business
  • Single business segment identified - no segment reporting required under Ind AS-108
  • Final dividend of ₹0.3 per equity share was approved for FY26 at AGM held on September 30, 2026

Audit Status

  • Unaudited financial results for H1 FY27
  • Limited review conducted by statutory auditors MS KC & Associates LLP
  • Unmodified review conclusion expressed by auditors