N K Industries Q1 FY27 Net Loss of ₹65.60 Lakh

The Board of Directors meeting was held on Tuesday, 11th August, 2026. The meeting commenced at 3:30 PM and concluded at 6:00 PM.

1. Approved unaudited Standalone & Consolidated Financial Results for the quarter ended 30th June, 2026

2. Approved Notice of Annual General Meeting and Director's Report for Financial Year 2025-26

Total Income: ₹75.68 lakh (Net Sales: ₹60.00 lakh, Other Income: ₹15.68 lakh)
Total Expenditure: ₹145.93 lakh (Employee benefits: ₹13.76 lakh, Finance Cost: ₹0.07 lakh, Depreciation: ₹55.22 lakh, Other expenses: ₹76.88 lakh)
Loss before tax: ₹70.25 lakh
Tax expense: ₹4.65 lakh (Deferred Tax)
Net Loss for the quarter: ₹65.60 lakh
Other Comprehensive Income: ₹1.15 lakh (net of tax)
Total Comprehensive Income: Loss of ₹64.45 lakh
Earnings per share (Basic & Diluted): Loss of ₹1.09 per share of ₹10 each
Paid-up Equity Share Capital: ₹600.99 lakh

Total Income: ₹226.84 lakh (Net Sales/Operations: ₹210.55 lakh, Other Operating Income: ₹16.29 lakh)
Total Expenditure: ₹297.00 lakh (Employee benefits: ₹36.99 lakh, Finance Cost: ₹0.53 lakh, Depreciation: ₹58.54 lakh, Other expenses: ₹200.94 lakh)
Loss before tax: ₹70.16 lakh
Tax expense: Negative ₹4.69 lakh (Deferred Tax)
Net Loss for the quarter: ₹65.47 lakh
Other Comprehensive Income: ₹1.15 lakh (net of tax)
Total Comprehensive Income: Loss of ₹64.32 lakh
Earnings per share (Basic & Diluted): Loss of ₹1.09 per share of ₹10 each
Paid-up Equity Share Capital: ₹600.99 lakh

1. Banpal Oilchem Private Limited

2. N.K. Oil Mills Private Limited

3. Tirupati Retail (India) Private Limited

Company entered into financial arrangements with National Spot Exchange Ltd (NSEL) through trading and clearing member N.K. Proteins Private Limited until FY 2012-13
NSEL suspended trading on July 31, 2013
NSEL initiated recovery proceedings for alleged amount of approximately ₹937 crores plus interest
Trade receivables and payables cannot be confirmed due to pending litigations
Maharashtra Government issued notification under MPID Act, 1999 attaching company's Land, Building & Plant & Machinery at Kadi, Gujarat
Legal challenges pending in Gujarat High Court, Supreme Court of India, Bombay High Court, and Designated Special MPID Court, Mumbai
Matter subjudice

Directorate of Enforcement initiated proceedings under Prevention of Money Laundering Act, 2002
Provisional attachment order dated March 10, 2015, attached company assets (Land, building, plant and machinery) at Survey Nos. 719, 720, 721, 732/1, 732/2, 733, 741, 743, 744, 745, Kadi Thol Road, Village Kadi Kasba, Taluka-Kadi, District Mehsana-382715, Gujarat
Search/seizure conducted on May 30, 2018, on group company NKPL, promoters, and the company
Company has appealed to PMLA Appellate Tribunal, Delhi
Matter subjudice

Government of Maharashtra filed supplementary charge sheet dated December 25, 2018, under IPC and MPID Act against company and Chairman Shri Nimish Patel
MPID Court issued summons, company has complied
Matter adjourned to September 10, 2026
Matter subjudice

Tirupati Retail (India) Pvt Ltd also involved in NSEL transactions until July 31, 2013
Banpal Oilchem Private Limited: Maharashtra Government issued attachment notification dated June 22, 2015, under MPID Act for factory plant, land, building & machinery at Plot No. 144/64 of Chandisar Industrial Area, GIDC Mauje chandisar, Taluka-Palanpur, Dist-Banaskantha, Gujarat
N.K. Oil Mills Pvt Ltd made party to NSEL recovery proceedings

Company has accumulated losses of ₹35,556.60 lakh as at June 30, 2026, and negative net worth
Management submitted business plan and future cash flow projections indicating revival efforts
Accounts prepared on "going concern basis" based on management's confidence in improved profitability
Similar assessment for subsidiaries Banpal Oilchem Private Limited and N.K. Oil Mills Private Limited
Proper impairment provision made for Tirupati Retail India Pvt Ltd

Company does not have control over joint venture "AWN Agro Private Limited" - not consolidated
Financial results reviewed by Audit Committee and approved by Board of Directors
Limited Review Reports obtained for both standalone and consolidated results
Figures regrouped/reclassified for comparability