Key Financial Figures - Standalone (INR in Lakhs)
Quarter Ended 30-Sep-26:
- Net Sales/Income from Operations: ₹60.00
- Other Income: ₹24.87
- Total Income: ₹84.87
- Total Expenditure: ₹139.88
- Loss Before Tax: ₹(55.01)
- Tax Expense: ₹0.01
- Net Loss: ₹(55.00)
- Basic & Diluted EPS: ₹(0.92)
Half Year Ended 30-Sep-26:
- Net Sales/Income from Operations: ₹120.00
- Other Income: ₹40.55
- Total Income: ₹160.55
- Total Expenditure: ₹285.81
- Loss Before Tax: ₹(125.26)
- Tax Expense: ₹4.66
- Net Loss: ₹(120.60)
- Basic & Diluted EPS: ₹(2.01)
Comparative Figures:
- Previous Quarter (30-Jun-26): Net Loss ₹(65.60) lakh
- Year-Ago Quarter (30-Sep-25): Net Loss ₹(145.66) lakh
- Full Year Ended 31-Mar-26: Net Loss ₹(277.35) lakh
Balance Sheet Position (Standalone as at 30-Jun-2026)
- Total Assets: ₹28,443.07 lakh
- Property, Plant & Equipment: ₹10,966.31 lakh
- Trade Receivables: ₹5,779.82 lakh (Billed ₹175.86 lakh + Unbilled ₹5,603.96 lakh)
- Equity Share Capital: ₹600.99 lakh
- Other Equity (Reserves): Negative ₹(35,611.60) lakh
- Total Liabilities: ₹28,443.07 lakh
Cash Flow Statement (Standalone Half Year Ended 30-Sep-26)
- Net Cash Used in Operating Activities: ₹(134.94) lakh
- Net Cash Used in Investing Activities: ₹139.88 lakh
- Net Cash Used in Financing Activities: ₹(4.05) lakh
- Cash & Cash Equivalents at End: ₹61.90 lakh
Consolidated Financial Results (INR in Lakhs)
Quarter Ended 30-Sep-26:
- Net Sales/Income from Operations: ₹213.14
- Other Operating Income: ₹24.56
- Total Income: ₹237.70
- Total Expenditure: ₹288.95
- Loss Before Tax: ₹(51.25)
- Tax Expense: ₹0.13
- Net Loss: ₹(51.38)
- Basic & Diluted EPS: ₹(0.85)
Half Year Ended 30-Sep-26:
- Net Sales/Income from Operations: ₹423.69
- Other Operating Income: ₹40.85
- Total Income: ₹464.54
- Total Expenditure: ₹585.95
- Loss Before Tax: ₹(121.41)
- Tax Expense: ₹(4.56)
- Net Loss: ₹(116.85)
- Basic & Diluted EPS: ₹(1.94)
Legal and Regulatory Matters
NSEL Matter:
- Company had transactions through NSEL platform until FY 2012-13 via NK Proteins Private Limited (trading member)
- NSEL initiated recovery proceedings for approximately ₹937 crores plus interest
- Maharashtra Government issued attachment notification under MPID Act for company's land, building & plant & machinery at Kadi, Gujarat
- Matter pending before Bombay High Court and Special MPID Court, Mumbai
- Next hearing date: 28th November 2026 for MPID Court matter
PMLA Proceedings:
- Directorate of Enforcement initiated proceedings under Prevention of Money Laundering Act, 2002
- Provisional attachment order dated 10/03/2015 attached company assets
- Company has appealed before PMLA Appellate Tribunal
- Fresh show cause notice dated 30/08/2018, appeal pending before PMLA Appellate Tribunal
MPID Charge Sheet:
- Government of Maharashtra filed supplementary charge sheet dated 25th December 2018 under IPC and MPID Act against company and Chairman Shri Nimish Patel
- Matter subjudice, company complying with summons
Auditor Qualifications
Pankaj R Shah & Associates issued qualified opinion on both standalone and consolidated results citing:
1. Inability to quantify final liability from NSEL matters due to pending litigation
2. Inability to quantify impact from PMLA proceedings due to subjudice status
3. Inability to quantify liability from MPID criminal proceedings
Emphasis of Matter
- Company has accumulated losses of ₹35,611.60 lakh (standalone) and negative net worth
- Management submitted business plan and cash flow projections indicating revival efforts
- Accounts prepared on going concern basis
- Subsidiaries Banpal Oil Chem Private Limited and NK Oil Mills Private Limited also undergoing revival efforts
Subsidiaries Included in Consolidation
1. Banpal Oilchem Private Limited
2. NK Oil Mills Private Limited
3. Tirupati Retail (India) Private Limited
Board Meeting Details
- Meeting held on 28th October 2026
- Commenced at 3:30 PM, concluded at 5:00 PM
- Results reviewed by Audit Committee and approved by Board
#N K Industries #SEBIDisclosure #RegulatoryCompliance #FinancialResults #Negative