Summary of Company's Response
Krishna Defence and Allied Industries Limited submitted a clarification to the National Stock Exchange of India Limited regarding the outcome of their board meeting held on 20th May 2026. The company explained that while submitting the Board Meeting Outcome for Financial Results on 20th May 2026 at 19:03 hours, the declaration pertaining to the unmodified audit opinion, duly signed by the Chief Financial Officer (CFO), was inadvertently omitted from the attachments.
Date of Communication and Nature of Query
The clarification was submitted on 17th June 2026 in response to an implied query from the NSE regarding the completeness of the initial submission. The company rectified this omission by submitting a revised outcome on 20th May 2026 at 22:03 hrs under the "Corporate Announcement – Updates" section, which included the duly signed CFO declaration.
Company's Clarification on Trading Volume and Financial Results
The document does not specifically address any issues related to trading volume. The clarification focuses solely on the completeness of the board meeting outcome submission, particularly the inclusion of the CFO declaration for unmodified audit opinion.
Reference to Regulatory Compliance
The submission explicitly references compliance with Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements), 2015. The company also referenced SEBI Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026 for disclosure requirements.
Details of Financial Results Clarification
The board meeting approved several key items:
Financial Results:
- Audited Standalone & Consolidated Financial Results for quarter and year ended 31st March 2026
- Standalone FY26 performance: Revenue ₹24,478.22 lakhs, Net Profit ₹3,812.12 lakhs (up 73% YoY)
- Consolidated FY26 performance: Revenue ₹24,805.06 lakhs, Net Profit ₹4,131.55 lakhs
- EPS: Standalone Basic ₹25.95, Diluted ₹25.85; Consolidated Basic ₹28.12, Diluted ₹28.02
Dividend Declaration:
- Final dividend of ₹1.25 per equity share (12.5%) for FY 2025-26
- Previous year: ₹0.50 per share (5%)
Corporate Appointments:
- Appointment of M/s Zarna Thakar Associates as Cost Auditor for FY 2026-27
- Appointment of M/s Niket Shah & Associates as Internal Auditor for FY 2026-27
- Re-appointment of Mr. Jaykumar Toshniwal (DIN: 00609542) as Independent Director for second 5-year term from 23rd August 2026
- Re-appointment of Mr. Divyakant Zaveri (DIN: 01382184) as Independent Director for second 5-year term from 23rd August 2026
AGM Notice:
- 13th Annual General Meeting to be held on 15th July 2026 at 11:00 AM via Video Conferencing
Accounting Standards Transition Impact
The company adopted Indian Accounting Standards (Ind AS) effective from 1st April 2024, which resulted in several adjustments including recognition of Right-of-use assets (₹78.54 lakhs), revised measurement of employee benefits, and changes in deferred tax accounting.
Labour Code Implementation Impact
The Government of India notified implementation of Four New Labour Codes on 21st November 2025, consolidating 29 existing labour laws. The company recognized an additional expense of ₹23.43 lakhs for gratuity liability arising from this implementation.
Audit Opinion
CNK & Associates LLP provided unmodified opinions on both standalone and consolidated financial results, confirming they give a true and fair view in conformity with Ind AS recognition and measurement principles.