B L Kashyap & Sons Limited has notified stock exchanges regarding the transmission of shares and subsequent changes in its promoter group classification following the demise of a promoter group member. The company filed the intimation with BSE and NSE on March 19, 2026, in compliance with SEBI listing regulations.

Share Transmission Details

The transmission involves shares previously held by Mrs. Aradhana Kashyap, a deceased member of the promoter group, which have now been transferred to her legal heir.

Promoter Group Classification Changes

The company has reported specific changes to its promoter group composition in accordance with SEBI regulations. Under Regulation 31A(6)(c) of the SEBI (LODR) Regulations, Mrs. Aradhana Kashyap has automatically ceased to be a member of the promoter group following her demise.

Meanwhile, pursuant to Regulation 31A(6)(a) of the SEBI (LODR) Regulations, Mr. Saurabh Kashyap continues to remain classified as a member of the promoter group. This ensures continuity in the promoter group structure while reflecting the legal transmission of shares.

Regulatory Compliance

The intimation was filed pursuant to Regulations 30 and 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Pushpak Kumar, VP & Company Secretary, and submitted to both BSE and NSE simultaneously.

The company has requested both stock exchanges to take the transmission details and promoter group changes on record. This filing ensures transparency and compliance with mandatory disclosure requirements for listed companies regarding changes in shareholding patterns and promoter group composition.

B L Kashyap And Sons Limited has demonstrated a remarkable financial turnaround in its Q3 FY26 results, showcasing strong operational performance and significant debt reduction. The construction major released its investor presentation highlighting substantial improvements across key financial metrics and strategic positioning for future growth.

Strong Financial Performance in Q3 FY26

The company delivered impressive consolidated financial results for Q3 FY26, marking a significant recovery from the previous year's performance.

The revenue growth of 33.91% year-on-year demonstrates the company's successful execution of projects and improved market positioning. The gross margin expansion from 14.67% to 20.80% reflects enhanced operational efficiency and better project mix.

Significant Debt Transformation

B L Kashyap has achieved a major milestone in its debt restructuring journey, successfully reducing fund-based debt from approximately ₹700 crores to ₹270 crores. The company currently maintains only cash credit facilities with no term loans outstanding. This debt reduction has been accompanied by a credit rating upgrade to CRISIL BB-/Stable/A4, reflecting improved financial stability and creditworthiness.

Robust Order Book and New Wins

The company maintains a strong order book position with total orders of ₹5,293 crores as of December 31, 2025. During the current financial year, B L Kashyap secured new orders worth ₹3,258 crores, demonstrating continued market confidence and business momentum.

Top Ongoing Projects

Diversified Portfolio and Geographic Presence

The company's order book reflects a well-balanced portfolio across sectors, with commercial projects accounting for 52.13%, residential projects 42.88%, and institutional projects 4.99%. Geographically, Haryana leads with 54.75% of the order book, followed by Karnataka at 19.48% and Tamil Nadu at 18.41%.

Strategic Focus Areas for FY26-27

B L Kashyap has outlined several strategic priorities for the coming years, including targeting 25% government projects by FY27, advancing composite steel construction to reduce labor dependency, and focusing on workforce development through internal training programs. The company has planned a capex of ₹55 crores for FY26, with ₹48 crores already incurred, focusing on innovation, upskilling, and fixed assets.

Operational Highlights

With over 36 years of experience, B L Kashyap has completed 250+ projects across India, covering approximately 140 million square feet of built-up area. The company maintains a workforce of 1,300+ skilled professionals and continues to strengthen its position in key markets including NCR, Bengaluru, and emerging opportunities in Tamil Nadu and other states.