K K Silk Mills Limited revised its audited financial results for FY26 on September 11, 2026, to correct a minor technical error in depreciation calculations. The adjustment reduced the reported net profit by less than 2%, with no impact on operational performance or accounting policies.

The company identified an inadvertent formula-linking error in the Excel working sheet used during the compilation of its Annual Report, originally submitted on August 3, 2026. This technical glitch caused a mismatch in balance sheet totals and required rectification of figures in the Statement of Profit & Loss and related disclosures.

Revised Financial Figures

The revision primarily affected depreciation charges and the resulting net profit for the period ended March 31, 2026. Total expenses increased marginally due to the corrected depreciation amount.

The company confirmed that the variance is immaterial and does not alter the understanding of its financial position. The correction was purely unintentional and unrelated to any change in accounting estimates or deliberate revisions.

What the Numbers Show

The revised depreciation charge of ₹218.49 lakh represents approximately 0.9% of total expenses for FY26. Despite the increase in depreciation, the company’s revenue from operations remained stable at ₹24,478.81 lakh, indicating that the correction had no bearing on top-line growth or core business activities during the fiscal year.

Additional Disclosures

Alongside the financial corrections, the revised Annual Report updated Annexure C to include the names of Non-Executive Directors. The company also highlighted its successful listing on the BSE SME Platform in December 2025, following an Initial Public Offering that raised ₹28.50 crore. The Board of Directors continues to focus on strengthening operational efficiencies and expanding market presence in the textile sector.

K K Silk Mills Limited shareholders approved all seven resolutions at its 34th Annual General Meeting on August 27, 2026. The scrutinizer’s report, dated August 29, 2026, confirmed that every item received 100% support from the votes cast.

Manish Kantilal Shah, Managing Director, chaired the proceedings held via video conferencing. Miss Sakshi Thingalaya from the Secretarial Department presided, confirming compliance with the Companies Act, 2013. The meeting concluded at 1:28 pm after approving routine and special business resolutions. Mayank Arora & Co. served as the Scrutinizer for the e-voting process.

Key Resolutions Approved

Shareholders approved several ordinary resolutions during the meeting. These included:

• Adoption of audited standalone financial statements for FY26
• Reappointment of Mrs Asha Shah as a director retiring by rotation
• Reappointment of Manish Kantilal Shah as Managing Director
• Reappointment of Mr Nilesh Jain as Whole Time Director

Auditor Appointments

The company secured shareholder approval for auditor appointments. Members approved the appointment of M/s Nidhi Bajaj & Associates as Secretarial Auditor for the period from FY27 to FY31. Additionally, the remuneration for the Cost Auditor was fixed.

Voting Results

The consolidated scrutinizer report details the voting outcomes for each resolution. All resolutions were passed with requisite majority, with no votes cast against any item.

Voting Process

No requests for speaker registration were received during the meeting. E-voting remained open for 15 minutes post-conclusion for members who had not voted earlier. The Scrutinizer declared results within two working days. Remote e-voting was conducted via NSDL between August 24 and August 26, 2026.