Kabra Commercial Limited has appointed Mr. Vedant Raj Kabra as an Additional Director (Executive) effective July 6, 2026. The appointment, based on the recommendation of the Nomination and Remuneration Committee, requires shareholder approval within three months. This leadership change follows the resignation of Mr. Rajesh Kumar Kabra as Managing Director and Key Managerial Personnel, effective from the close of business hours on July 6, 2026, due to personal reasons.

The Board of Directors unanimously approved the appointment during its meeting held on Monday, July 6, 2026. Mr. Vedant Raj Kabra holds a DIN of 10536643 and is related to the directors of the company. He is an MBA graduate with over five years of experience in various businesses and currently serves as a Director on the board of Coalsale Company Limited. The company affirmed that he is not debarred from holding the office of director.

Mr. Rajesh Kumar Kabra, who resigned as Managing Director, held a DIN of 00331305. The Board placed on record its sincere appreciation for his contributions during his long association with the company. The intimation regarding these changes was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Personnel Changes

Kabra Commercial Limited reported a net profit of ₹2.92 lakh for the financial year ended March 31, 2026, a sharp decline of 98% from ₹156.37 lakh in the previous year. Revenue from operations fell to ₹1335.10 lakh from ₹2383.43 lakh in FY25, while total income from operations stood at ₹1494.24 lakh. For the quarter ended March 31, 2026, the company reported a net loss of ₹103.50 lakh, compared to a loss of ₹172.84 lakh in the same period last year.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The results were reviewed by the Audit Committee in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s. Ranjit Jain & Co., issued an audit report with an unmodified opinion on the standalone financial results.

Financial Performance

The company's total expenses for the year increased to ₹1455.21 lakh from ₹2312.07 lakh in the previous year. Profit before tax for the year stood at ₹39.03 lakh, down from ₹213.38 lakh in FY25. The basic earnings per share (EPS) for the year was ₹0.10, compared to ₹5.32 in the previous year.

Auditor's Observation

The statutory auditors included an emphasis of matter paragraph in their report regarding the non-provision of impairment loss on sundry debtors. The company has not made any provision for debtors amounting to ₹2,66,22,251 that are outstanding for more than three years and are sub-judice. Management believes the amount is fully recoverable based on legal opinion. However, the auditors stated they are unable to comment on the carrying value of these receivables due to the significant time involved in the court process and potential delays in realization.

Segment Performance

The Coal/Coke, Trading, Transportation & Liasioning segment reported revenue of ₹1335.10 lakh for the year, while the Investment & Finance segment reported revenue of ₹24.77 lakh. The total assets of the company as of March 31, 2026, stood at ₹3652.73 lakh, compared to ₹3829.15 lakh in the previous year. The paid-up equity share capital remained unchanged at ₹294.00 lakh.