Board Meeting Details

The Board of Directors meeting was held on Thursday, November 12, 2026, from 03:00 PM to 04:00 PM in physical mode at the company's registered office at Village Girdhiyai & Baghelewala, Aliganj Road, Tehsil-Kashipur-244713, U.S. Nagar (Uttarakhand).

Agenda Items Approved

1. Unaudited Financial Results for H1 FY27

The Board approved the unaudited financial results for the half-year ended September 30, 2026, along with the Limited Review Report by Arora Gupta & Co., Chartered Accountants.

2. IPO Proceeds Utilization Review

Reviewed the status of utilization of IPO proceeds and statement of deviation(s) or variation(s), if any.

3. Related Party Transactions Approval

Granted omnibus approval for related party transactions for the quarter ending December 31, 2026.

4. Related Party Transactions Approval

Granted omnibus approval for related party transactions for the quarter ending March 31, 2027.

5. Fresh Term Loan Approval

Approved proposal for fresh term loan of ₹6.21 crore from Punjab National Bank.

6. Surrender of Unavailed Term Loan Facilities

Took note of the surrender of unavailed term loan facilities from Yes Bank Limited and Punjab National Bank.

7. Ratification of Unapproved Related Party Transactions

Ratified previously unapproved related party transactions.

8. Other Non-material Agenda

Addressed other non-material agenda items.

Financial Results for Half Year Ended September 30, 2026

Income Statement Highlights

  • Revenue From Operations: ₹26.65 crore (compared to ₹23.91 crore in H1 FY26)
  • Other Income: ₹0.12 crore
  • Total Income: ₹26.77 crore
  • Cost of Material Consumed: ₹10.99 crore
  • Employee Benefit Expenses: ₹1.78 crore
  • Finance Cost: ₹0.97 crore
  • Depreciation and amortization: ₹1.80 crore
  • Other Expenses: ₹12.64 crore
  • Profit Before Tax: ₹2.02 crore (compared to ₹4.89 crore in H1 FY26)
  • Tax Expenses: ₹0.60 crore (Deferred Tax)
  • Net Profit: ₹1.42 crore (compared to ₹3.69 crore in H1 FY26)

Earnings Per Share

  • Basic EPS: ₹0.76
  • Diluted EPS: ₹0.76

Balance Sheet Position as of September 30, 2026

  • Share Capital: ₹18.75 crore (unchanged from March 31, 2026)
  • Reserve & Surplus: ₹47.87 crore (increased from ₹46.45 crore)
  • Long Term Borrowings: ₹21.08 crore (increased from ₹19.70 crore)
  • Short Term Borrowings: ₹5.49 crore
  • Total Assets: ₹106.20 crore (increased from ₹101.43 crore)
  • Property, Plant and Equipment: ₹62.57 crore
  • Capital Work in Progress: ₹3.49 crore
  • Inventories: ₹7.44 crore (increased from ₹2.44 crore)
  • Trade Receivables: ₹12.58 crore
  • Cash & Cash Equivalents: ₹0.69 crore (decreased from ₹3.81 crore)

Cash Flow Statement for H1 FY27

  • Net Cash from Operating Activities: -₹0.27 crore
  • Net Cash used in Investing Activities: -₹3.83 crore
  • Net Cash from Financing Activities: ₹0.99 crore
  • Net Decrease in Cash: -₹3.11 crore

IPO Proceeds Utilization

  • Gross Proceeds: ₹27.83 crore
  • Issue Expenses: ₹4.09 crore
  • Net Issue Proceeds: ₹23.74 crore
  • General Corporate Purposes: ₹2.82 crore (fully utilized)
  • Capital Expenditure for Machinery/Equipment: ₹20.92 crore (fully utilized)
  • Total Utilized: ₹23.74 crore (100% utilization)

Auditor's Review Report

Arora Gupta & Co., Chartered Accountants (Firm Registration No. 021313C) conducted a limited review of the financial results and expressed an unmodified opinion, stating that nothing has come to their attention that causes them to believe that the statement contains any material misstatement.

Additional Information

The financial results have been prepared in accordance with Accounting Standard 25 (Interim Financial Reporting) and are available on the company's website (www.kvscastings.com) and BSE website (www.bseindia.com).

The company has only one reportable segment and is listed on the SME platform of BSE, exempted from adoption of IND AS for financial statement preparation.