Kaizen Agro Infrabuild Limited has released its annual report for the financial year ended March 31, 2026, alongside the notice for its 21st Annual General Meeting (AGM). The meeting is scheduled for September 18, 2026.

The company reported a significant rise in revenue from operations to ₹7,032.34 lakh in FY26, compared to ₹1,967.64 lakh in FY25. However, net profit after tax declined slightly to ₹37.20 lakh from ₹38.92 lakh in the previous year.

Financial Performance

Revenue growth was driven by higher sales of products, which stood at ₹7,032.34 lakh in FY26 versus ₹1,412.79 lakh in FY25. Other operating revenues, which contributed ₹554.85 lakh in FY25, were nil in the current year.

Despite the revenue surge, cost of goods sold increased to ₹6,876.76 lakh from ₹1,848.65 lakh. Employee benefit expenses decreased marginally to ₹48.73 lakh from ₹51.51 lakh. Other income turned negative at -₹4.14 lakh, down from ₹97.69 lakh in FY25.

Balance Sheet Highlights

Total assets grew to ₹15,364.66 lakh from ₹11,814.08 lakh. Trade receivables saw a substantial increase to ₹9,448.73 lakh from ₹2,731.62 lakh. Cash and cash equivalents dropped significantly to ₹3.32 lakh from ₹91.07 lakh. Shareholder's fund decreased slightly to ₹11,206.40 lakh from ₹11,533.28 lakh.

AGM Details and E-Voting

The 21st AGM will be held on Friday, September 18, 2026, at 10:30 am at Diamond Plaza in Kolkata. Shareholders can participate via remote e-voting from Tuesday, September 15, 2026, at 9:00 am until Thursday, September 17, 2026, at 5:00 pm.

M/s. Hemant Sharma & Associates has been appointed as the scrutinizer for the e-voting process.

Board Appointments

The board approved the re-appointment of retiring director Pawan Kumar Jhunjhunwala and the appointment of three new non-executive independent directors: Deepa Garg, Meenu Jain, and Reema Magotra. These appointments are subject to shareholder ratification at the AGM.

Deepa Garg, Meenu Jain, and Reema Magotra will serve five-year terms commencing from June 29, 2026. All three are qualified Company Secretaries with experience in corporate governance and legal compliance.

Corporate Actions

The board considered and approved loans, investments, guarantees, or security in excess of prescribed limits under Section 186 of the Companies Act, 2013. This resolution requires shareholder approval at the AGM. The authorization allows the board to utilize funds for strategic business objectives within regulatory limits.

Kaizen Agro Infrabuild reported a net profit of ₹19.89 lakh for the first quarter of FY27 (ended June 30, 2026), marking a return to profitability from a net loss of ₹163.29 lakh in the preceding quarter. The company’s Board of Directors approved the unaudited financial results on August 13, 2026.

The quarter was characterized by an absence of core business activity, with net sales from operations recording nil. Consequently, the company’s total income from operations amounted to ₹36.94 lakh, derived entirely from other operating income. This contrasts sharply with the preceding quarter, which saw net sales of ₹3,416.35 lakh but also included a negative other operating income adjustment of ₹161.76 lakh.

Financial Performance Overview

Total expenses for the quarter were contained at ₹17.05 lakh. Employee benefits expense accounted for ₹7.95 lakh, while other expenses stood at ₹9.10 lakh. There were no purchases of stock-in-trade or finance costs reported during the period. The company did not incur any tax expense for the quarter.

What the Numbers Show

The financial structure for Q1FY27 reveals a complete decoupling from operational revenue. With net sales at zero, other operating income constituted 100% of the company's total income for the quarter. This non-operational income stream was sufficient to cover all incurred expenses, resulting in a pre-tax profit of ₹19.89 lakh. In contrast, the corresponding quarter of the previous year (Q1FY26) generated ₹539.58 lakh in net sales, indicating a significant shift in business activity levels year-over-year.

Auditor Review and Governance

The statutory auditors, M/s. M.K. Kothari & Associates, issued a limited review report on the financial statements. Partner Manish Kumar Kothari confirmed that nothing came to their attention to suggest the statements were not prepared in accordance with Ind-AS 34 and SEBI Listing Regulations. The Audit Committee reviewed the results prior to their approval by the Board.

Kaizen Agro Infrabuild’s paid-up equity share capital remained unchanged at ₹5,141.49 lakh. Basic earnings per share (EPS) stood at ₹0.04 for the quarter, compared to a basic EPS loss of ₹0.32 in the preceding quarter and ₹0.07 in the same quarter last year.