Dolphin Kitchen appoints Vaibhav Jakhaniya as Independent Director

Dolphin Kitchen Utensils and Appliances Limited has appointed Vaibhav Jakhaniya as a Non-Executive Independent Director effective July 01, 2026. The decision was taken by the Board based on the recommendation of the Nomination and Remuneration Committee. The appointment fills the vacancy created by the resignation of Vaibhavi Chamanbhai Patel, who stepped down from the Board effective the same date.

Vaibhavi Chamanbhai Patel resigned from the position of Non-Executive Independent Director citing pre-occupation with other professional commitments. In her resignation letter, she confirmed there were no other material reasons for her departure. The Board acknowledged her contributions during her tenure.

The new appointee, Vaibhav Jakhaniya, holds a Bachelor's degree in Commerce and is a qualified Company Secretary (ACS). His professional experience includes work in Secretarial, Legal, and other matters. The company confirmed that he is not related to any of the existing Directors on the Board.

Director Details

Particulars	Details
Appointee Name	Vaibhav Jakhaniya
DIN	11786994
Designation	Non-Executive Independent Director (Additional)
Effective Date	July 01, 2026
Qualification	B.Com, ACS
Relationship with Directors	Not related to any Director
Shareholding	NA

Resignation Details

Particulars	Details
Resigning Director	Vaibhavi Chamanbhai Patel
DIN	10886214
Designation	Non-Executive Independent Director
Effective Date	July 01, 2026
Reason	Pre-occupation with other professional commitments
Other Directorships	NIL

The company confirmed that Mr. Jakhaniya is not debarred from holding the office of Director by virtue of any SEBI order or any other authority. The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.63%	-16.21%	-14.79%	-70.44%	-75.84%	-93.31%

Dolphin Kitchen Utensils and Appliances Limited has announced its audited financial results for FY26, following a board meeting held on April 25, 2026. The board approved both standalone and consolidated financial statements with an unmodified opinion from statutory auditors M/s. Bhatt Shah Mekhia & Co. (FRN: 129797W).

Financial Performance Overview

The standalone financial results for FY26 show a profit of ₹404.42 lakhs, compared to ₹220.43 lakhs in the previous year. Total revenue for the year stood at ₹2,014.70 lakhs, comprising revenue from operations of ₹1,728.19 lakhs and other income of ₹286.51 lakhs. The company reported a profit before tax of ₹445.85 lakhs, with total tax expenses of ₹41.43 lakhs.

Financial Parameter:	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)	Change
Total Revenue:	2,014.70	3,769.80	-46.5%
Revenue from Operations:	1,728.19	3,768.93	-54.1%
Other Income:	286.51	0.87	+32,829.9%
Total Expenses:	1,568.86	3,465.34	-54.7%
Profit Before Tax:	445.85	304.47	+46.4%
Profit for the Period:	404.42	220.43	+83.4%
Basic EPS:	3.15	3.41	-7.6%

Consolidated Results and Capital Structure

On a consolidated basis, the company reported a profit of ₹357.53 lakhs for FY26, down from ₹371.43 lakhs in the previous year. Total consolidated revenue stood at ₹3,323.71 lakhs. The paid-up equity share capital increased significantly to ₹1,325.77 lakhs as of March 31, 2026, from ₹661.77 lakhs in the previous year, reflecting the preferential allotment of equity shares during the year.

Consolidated Metrics:	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Total Revenue:	3,323.71	6,516.57
Profit for the Period:	357.53	371.43
Paid-up Equity Share Capital:	1,325.77	661.77
Reserves & Surplus:	5,034.49	1,884.91

Balance Sheet and Cash Flow Position

The standalone balance sheet shows total assets of ₹7,019.21 lakhs as of March 31, 2026, compared to ₹3,960.46 lakhs in the previous year. Shareholders' funds increased to ₹6,326.45 lakhs from ₹2,236.84 lakhs. Current assets stood at ₹6,445.32 lakhs, while current liabilities were ₹353.00 lakhs. Cash and cash equivalents decreased to ₹4.32 lakhs from ₹8.31 lakhs. The company raised ₹2,763.90 lakhs through proceeds from share capital and premium during the year.

Regulatory Compliance and Fund Utilization

The board meeting commenced at 6:00 PM and concluded at 6:30 PM on April 25, 2026. Nipun Anantlal Bhagat, Chairman and Managing Director (DIN: 00065495), signed the regulatory filings. The company also filed statements confirming no deviation in utilization of funds raised through preferential issues totaling ₹72.50 lakhs during October and November 2025. M/s. Bhatt Shah Mekhia & Co. issued an unmodified and unqualified audit report on both standalone and consolidated financial results.