Kaka Industries Limited shareholders unanimously approved the adoption of audited standalone financial statements for the fiscal year ended March 31, 2026, during its seventh Annual General Meeting (AGM) held on September 30, 2026. The meeting, conducted via video conferencing, also saw the reappointment of a director liable to retire by rotation.

The voting process was overseen by a practicing company secretary in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders exercised their rights through remote e-voting between September 27 and September 29, 2026. The results were declared following the unblocking of votes on September 30, 2026.

Voting outcomes for ordinary business

The first resolution concerned the receipt, consideration, and adoption of the company's audited standalone financial statements, along with the reports of the Board of Directors and the auditor for FY26. All votes cast were in favor of this resolution, with no members voting against or abstaining.

The second resolution addressed the reappointment of Prabhaben Rajeshbhai Gondaliya (DIN: 06851276) as a director liable to retire by rotation. While the resolution passed with overwhelming support, a single member voted against it.

Special business and cost auditor remuneration

Under special business, shareholders ratified the remuneration of the cost auditor for the financial year 2026-27. Similar to the first resolution, this item received unanimous support from all participating shareholders, with no dissenting votes recorded.

What the numbers show

The voting data reveals a highly concentrated shareholder base with minimal dissent. For the director reappointment, only 1,500 shares out of nearly 89.7 lakh shares voted against, representing just 0.02% of the total valid votes cast. This indicates strong alignment among the participating shareholders regarding the company's governance and financial reporting for FY26.

Kaka Industries Limited reported a 46% year-on-year increase in net profit after tax (PAT) to ₹187.7 crore for the financial year ended March 31, 2026. Revenue from operations expanded by 33.1% to ₹2,632.3 crore, supported by the full commissioning of its integrated Lasundra manufacturing facility.

The Ahmedabad-based building materials manufacturer delivered its strongest financial performance to date, with earnings per share (EPS) rising to ₹13.74 from ₹9.42 in the previous year. The company did not declare a dividend, opting to conserve funds for future expansion.

Financial Performance

Revenue growth was accompanied by improved profitability metrics. EBITDA grew by 36.5% to ₹359.9 crore, expanding the EBITDA margin by 34 basis points to 13.6%. Profit before tax (PBT) increased by 42.3% to ₹249.0 crore.

The five-year compound annual growth rate (CAGR) for net sales stands at 22%, while EBITDA and PAT have compounded at 38% and 39% respectively over the same period, reflecting operating leverage built into the business model.

Operational Developments

The full integration of the Lasundra plant in Kheda District, Gujarat, marked a significant structural improvement in manufacturing efficiency during FY26. This facility brings compounding, extrusion, and finishing under one roof, reducing wastage and strengthening control over raw material costs.

Additionally, the company commissioned a 7.5 MW captive solar power plant in mid-June 2026. Expected to save approximately ₹35-40 lakh per month in power costs, the initiative is projected to provide a recurring tailwind to EBITDA margins starting in FY27.

Balance Sheet Strength

Total equity strengthened to ₹831.1 crore from ₹643.4 crore in the previous year. Cash and cash equivalents improved substantially to ₹87.7 crore from ₹21.4 crore, even as the company funded growth capital expenditure. Property, plant, and equipment grew to ₹782.7 crore, while capital work-in-progress rose to ₹260.7 crore.

What the Numbers Show

While revenue grew at a healthy pace of 33%, the faster growth in EBITDA (36.5%) and PAT (46%) indicates successful operating leverage. The divergence between revenue growth and profit growth suggests that the integrated Lasundra operations are effectively lowering unit costs, allowing margins to expand despite volatility in PVC resin prices.

Corporate Governance

Mrs. Prabhaben Rajeshbhai Gondaliya retires by rotation at the upcoming annual general meeting and offers herself for re-appointment. The Board also appointed Mr. Ishan Jayminbhai Parikh as an independent director effective November 26, 2025, replacing Mr. Rajiv Navinchandra Vyas who resigned on the same date.