K G Denim Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹142.66 lakh, a significant reversal from the net loss of ₹3588 lakh recorded in the previous year. The recovery was primarily driven by a profit of ₹1356.02 lakh from the sale of non-core assets, which was recorded under other income. The company’s statutory auditors, Gopalaiyer and Subramanian, issued an unmodified opinion on the audited financial results for both standalone and consolidated statements.

For the quarter ended March 31, 2026, the standalone net profit stood at ₹692.5 lakh, while revenue from operations for the full year was ₹2000.37 lakh. Total income for the year rose to ₹4062.56 lakh. The company’s Textiles segment reported a profit before interest and tax of ₹3397 lakh for the year, whereas the Power segment recorded a loss of ₹1093 lakh.

Asset Sale and Restructuring

As part of a restructuring scheme with its consortium of bankers, the Board approved the sale of non-factory vacant land situated at Karamadai, Coimbatore. The transaction is subject to shareholder approval via a special resolution and a postal ballot process. The company expects the sale, along with promoters' contribution, to fetch around ₹50 crore by June 30, 2026. The proposed sale is intended for unrelated buyers and is not classified as a related party transaction.

Auditor’s Emphasis and Legal Proceedings

The auditors drew attention to proceedings initiated by creditors before the National Company Law Tribunal (NCLT) for the recovery of outstanding dues aggregating to ₹2.68 crore, which remained pending as of March 31, 2026. Despite this, the auditors' opinion remained unmodified. The management stated it is actively engaged in discussions to settle these claims.

Financial Metrics

The following table outlines the key standalone financial figures for the year ended March 31, 2026:

The Board also re-appointed M/s Mohan & Venkataraman, Chartered Accountants, as internal auditors for the financial year 2026-27. The meeting was held on May 29, 2026.

kg denim has announced that its Board of Directors will meet on Friday, May 29, 2026. The primary agenda for the meeting is to consider and approve the audited standalone and consolidated financial results of the company for the quarter and year ended March 31, 2026.

The meeting is being convened pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board will review the company's performance for the fourth quarter of the fiscal year 2026 and the full financial year.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for all designated persons and their immediate relatives remains closed. The window initially closed on April 1, 2026, and will continue to remain shut until May 31, 2026.

Key Meeting Details

The notice regarding this board meeting has been posted on the company's website in accordance with Regulation 46. The intimation was signed by M Balaji, Chief Financial Officer and Company Secretary & Compliance Officer.