Financial Performance Overview

KSH International Limited reported exceptional financial results for FY2025-26, with revenue from operations reaching ₹31,069.71 million (61.13% YoY growth) and net profit of ₹1,101.26 million (61.98% YoY growth). The company achieved EBITDA of ₹1,904.84 million (55.46% growth) with export revenue contributing ₹8,233.69 million (39.47% growth). Total assets stood at ₹13,225.66 million, reflecting significant expansion from the previous year's ₹7,449.13 million.

IPO Completion and Capital Utilization

The company successfully completed its initial public offering in December 2025, raising gross proceeds of ₹4,200 million. As of March 31, 2026, ₹701.08 million remained unutilized from the net proceeds of ₹3,987.79 million. Utilization included ₹2,259.77 million for debt repayment, ₹286.17 million for Supa Facility expansion, ₹59.74 million for solar plant development, and ₹681.03 million for general corporate purposes. Post-IPO, promoter holding diluted from 100% to 74.581% with public holding at 25.419%.

47th Annual General Meeting Details

KSH International will hold its 47th AGM on September 15, 2026, with e-voting available from September 12-14, 2026. Key agenda items include adoption of audited financial statements, reappointment of directors Ms. Rakhi Shetty and Mr. Rohit Kushal Hegde, appointment of secretarial auditor KANJ & Co. LLP (₹4.05 lakh remuneration), ratification of cost auditor Joshi Apte & Associates (₹2.35 lakh), and approval of ₹48 lakh profit-linked commission for four independent directors.

Corporate Governance and Board Structure

The Board maintained robust governance practices with 15 meetings during FY25-26 and established multiple committees including Audit (11 meetings), Nomination and Remuneration (5 meetings), CSR (3 meetings), and Risk Management (1 meeting). Director remuneration included ₹288.09 million for Chairman Mr. Kushal Subbayya Hegde and ₹245.34 million for Managing Director Mr. Rajesh Kushal Hegde. The company confirmed compliance with SEBI regulations, implemented whistleblower policy, and conducted director familiarization programs totaling 33 man-hours.

Operational and Regulatory Compliance

The company maintained valid ISO certifications (9001:2015, 14001:2015, 45001:2018, IATF 16949:2016) and achieved credit rating upgrade to CARE A; Stable. CSR expenditure of ₹11.69 million met regulatory requirements. The entire shareholding is dematerialized with no material pending litigations. Plant operations continue across Taloja (Raigad), Chakan (Pune), and Supa (Ahilyanagar) locations with installed capacity of 43,445 MTPA as of March 31, 2026.

Director Profiles and Shareholding

Ms. Rakhi Shetty (Whole-time Director since 2013) holds 100 shares and attended 14 of 15 board meetings. Mr. Rohit Kushal Hegde (Non-executive Director since 2000) holds 10,027,579 shares (14.80%) and attended 11 meetings. Independent directors received sitting fees ranging from ₹16.75 million to ₹26.75 million alongside the proposed profit-linked commission.