Kabsons Industries Limited concluded its 34th Annual General Meeting on September 28, 2026, at 12:00 pm. The virtual meeting focused on adopting the audited financial statements for the fiscal year ended March 31, 2026, and addressing key governance matters including director re-appointment.

The proceedings were conducted through Video Conferencing and Other Audio Visual Means, in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 12:00 pm and concluded at 12:32 pm. A requisite quorum was present, with the Chairman & Managing Director, Rajiv Kabra, calling the meeting to order.

Key resolutions passed

The shareholders considered three primary items of business, comprising ordinary and special business. The notice convening the meeting and the Auditors' Report were taken as read with the consent of the members present.

Riha Kabra, who retires by rotation and offers herself for re-appointment, was approved by the members. Additionally, the Board of Directors was authorized to sell or otherwise dispose of specific land assets situated at Survey No. 327, Plot No. 68, IDA, Nellimerla, Vizianagaram District, Andhra Pradesh.

Attendance and voting process

The meeting was attended by key management personnel and directors, including Independent Directors Sumit Jaiswal, Deepak Khosla, and Zaynalabidin Khan Mohammed, along with CFO Krishna Murthy M. The statutory auditors, represented by K S Rao & Co., and secretarial auditors from B S S & Associates were also present.

Remote e-voting facilities were extended to members from September 25, 2026, to September 27, 2026. B S S & Associates served as the scrutinizer for the voting process. During the AGM, an additional 15-minute window was provided for members who had not cast their votes remotely to participate via the e-voting system.

The Chairman addressed member queries regarding the company's accounts and business operations before thanking attendees for their participation. Detailed results of the voting proceedings will be furnished to the stock exchanges separately as per regulatory requirements.

Kabsons Industries reported a net profit of ₹79.52 crore for the financial year ended March 31, 2026, a decrease from the previous year's ₹206.25 lakh, while revenue from operations rose to ₹4,298.69 crore. The decline in annual profit was primarily attributed to exceptional items of ₹30.18 lakh recorded during the year. For the quarter ended March 31, 2026, the company reported a net loss of ₹61.59 lakh, compared to a net loss of ₹1.17 lakh in the same period last year, with revenue for the quarter standing at ₹1,124.46 lakh.

The Board of Directors approved the audited financial results for the fourth quarter and full year at a meeting held on May 29, 2026. Statutory auditors M/s. K. S. Rao & Co. issued an unmodified opinion on the results. The company noted that employee benefit expenses increased following the introduction of the New Labour Code by the Government of India, effective November 21, 2025, though this was not disclosed as an exceptional item. Kabsons Industries is engaged in trading LPG and leasing out bottling plants temporarily.

The Board meeting commenced at 12.00 noon and concluded at 2.05 p.m. on May 29, 2026. Madhu Thokala, Company Secretary cum Compliance Officer, signed the disclosure on behalf of the company. The notice was intimated to BSE Limited on May 26, 2026.