Kalpa Commercial has dispatched letters containing web-links to its Annual Report for FY26 and the notice for its 41st Annual General Meeting to shareholders who have not registered their email addresses.

The company issued these communications pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory requirement mandates that listed entities provide electronic access details to members who do not have email IDs registered with the company, its Registrar and Transfer Agent (RTA), or depository participants.

Meeting Details

The 41st Annual General Meeting is scheduled to be held in physical mode on September 28, 2026, at 10:00 am. The venue is the company’s registered office located at 1st Floor, 984, Pocket C, IFC Ghazipur, Delhi.

Shareholders can access the complete Annual Report and the Explanatory Statement via the company’s website. The specific paths provided are:

• AGM Notice: https://www.kalpacommercialltd.com/annual-general-meeting
• Annual Report: https://www.kalpacommercialltd.com/annual-reports

The cut-off date for determining eligibility for this postal dispatch was September 22, 2026. Members holding securities in physical mode were targeted if their KYC details were not updated by this date.

Regulatory Compliance and KYC Updates

The letter also serves as a reminder regarding SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. The circular mandates that all listed companies record PAN, address with PIN code, mobile number, bank account details, specimen signature, and nomination choice for shareholders holding physical securities.

While updating an email ID is optional, the company requests security holders to register one to avail online services. Crucially, the SEBI circular stipulates that folios lacking updated PAN, nomination, contact details, bank account information, or specimen signatures will only be eligible for payments—including dividends, interest, or redemption—through electronic mode effective from April 1, 2024.

What the Numbers Show

This disclosure highlights a continued reliance on physical shareholding among a segment of Kalpa Commercial’s investor base. The necessity to issue postal letters for digital document access indicates that a portion of the shareholder base remains unconnected to electronic communication channels, requiring the company to maintain dual-mode compliance processes despite regulatory pushes toward dematerialization.

Kalpa Commercial reported a net profit of ₹61.55 lakh for the financial year ended March 31, 2026, marking a significant turnaround from a net loss of ₹273.63 lakh in FY25.

The garment and textile trading company saw its revenue from operations surge by approximately 1,017.85% year-on-year to ₹3,144.29 lakh, up from ₹281.28 lakh in the prior period. This substantial growth coincided with the resumption of trading on the stock exchange in July 2025, following the revocation of suspension on its equity shares.

Financial Performance

Total expenditure for FY26 stood at ₹3,066.72 lakh, compared to ₹592.52 lakh in FY25. Other income decreased to ₹5.60 lakh from ₹37.61 lakh in the previous year. The profit before tax was recorded at ₹83.17 lakh, with a tax expense of ₹21.62 lakh.

What the Numbers Show

The sharp divergence between revenue growth and expense management highlights operational scaling. While revenue increased more than tenfold, total expenses rose at a lower multiple, enabling the transition to profitability. However, short-term borrowings increased significantly to ₹7,521.87 lakh from ₹13.35 lakh in FY25, indicating a shift in funding strategy to support this expanded trade volume.

Corporate Governance Updates

The Board of Directors approved the appointment of M/s ACA & Associates as statutory auditors to fill a casual vacancy caused by the resignation of M/s SGR & Associates LLP. Additionally, Ms. Shruti Sethi was appointed as an Independent Director for a five-year term. The company also proposed adopting new Memorandum and Articles of Association to align with the Companies Act, 2013.

No dividend was declared for the financial year ended March 31, 2026.