Kanani Industries Limited has reported its standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2025, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by statutory auditors M/s. JMMK & Co., Chartered Accountants, Mumbai, and approved by the Board of Directors at their meeting held on November 12, 2025. The auditors have expressed an unmodified opinion on the financial results.

Consolidated Financial Performance

On a consolidated basis, Kanani Industries recorded a notable improvement in profitability during Q2 FY26. Revenue from operations stood at Rs 4,871.75 lakhs for the quarter ended September 30, 2025, compared to Rs 4,734.92 lakhs in the corresponding quarter of the previous year. Total consolidated income for Q2 FY26 was Rs 4,968.28 lakhs against Rs 4,747.83 lakhs in Q2 FY25. The following table summarises the key consolidated financial metrics:

Consolidated profit before tax for Q2 FY26 was Rs 148.09 lakhs, compared to Rs 5.02 lakhs in Q2 FY25 and Rs 29.14 lakhs in Q1 FY26. For the half year ended September 30, 2025, consolidated net profit stood at Rs 163.97 lakhs against Rs 31.18 lakhs in the corresponding period of the previous year. The paid-up equity share capital remained unchanged at Rs 1,978.68 lakhs, with a face value of Rs 1.00 per share.

Standalone Financial Performance

On a standalone basis, Kanani Industries reported no revenue from operations for the quarter ended September 30, 2025, with total income comprising entirely of other income at Rs 96.52 lakhs, compared to Rs 12.91 lakhs in Q2 FY25. Standalone profit before tax for Q2 FY26 was Rs 83.73 lakhs, against Rs 0.91 lakhs in Q2 FY25. The following table presents the standalone financial highlights:

Standalone net profit for Q2 FY26 was Rs 71.46 lakhs, compared to Rs 0.91 lakhs in Q2 FY25. For the half year ended September 30, 2025, standalone net profit was Rs 66.36 lakhs against a net loss of Rs 3.18 lakhs in the corresponding period of the previous year. Current tax for the standalone entity in Q2 FY26 was Rs 12.27 lakhs, while no current tax was recorded in Q2 FY25.

Balance Sheet Highlights

The standalone and consolidated statements of assets and liabilities as on September 30, 2025 reflect the following key positions:

Cash Flow Summary

For the six months ended September 30, 2025, standalone net cash used in operating activities was Rs (28.49) lakhs, compared to net cash generated of Rs 642.82 lakhs in the corresponding period of the previous year. On a consolidated basis, net cash used in operating activities was Rs (97.78) lakhs for H1 FY26, against net cash generated of Rs 651.55 lakhs in H1 FY25. Standalone net cash from financing activities was Rs 27.50 lakhs for H1 FY26, primarily on account of proceeds from long-term borrowings. The closing balance of cash and cash equivalents on a standalone basis was Rs 0.53 lakhs as on September 30, 2025, while the consolidated closing balance stood at Rs 24.32 lakhs.

Subsidiary and Auditor Notes

The consolidated results include the financials of subsidiary KIL International Limited, which has been consolidated with the company effective from June 27, 2011. The subsidiary, located outside India, reported total revenues of Rs 4,871.75 lakhs and Rs 12,220.75 lakhs, and total net profit after tax of Rs 64.19 lakhs and Rs 97.61 lakhs, for the quarter and half year ended September 30, 2025, respectively. Net cash flows for the subsidiary for the half year ended September 30, 2025 were Rs (69.29) lakhs. The statutory auditors, M/s. JMMK & Co., Chartered Accountants (ICAI Firm Registration No.: 120459W), conducted a limited review of the financial results and expressed an unmodified conclusion. The company operates in only one reportable segment, and figures for previous periods have been regrouped or rearranged wherever necessary.

Kanani Industries Limited has submitted its mandatory compliance certificate to stock exchanges, confirming adherence to regulatory requirements for the quarter ended March 31, 2026. The Mumbai-based company filed the Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 with both the Bombay Stock Exchange and National Stock Exchange of India.

Regulatory Compliance Details

The certificate was issued by MUFG Intime India Private Limited, the company's registrar and transfer agent, on April 3, 2026. Kanani Industries subsequently submitted this documentation to the exchanges on April 8, 2026, signed by Managing Director Harshil Kanani.

Certificate Confirmation

MUFG Intime India Private Limited confirmed that all securities received from depository participants for dematerialisation during the quarter were properly processed within prescribed timelines. The registrar verified that:

• Securities received for dematerialisation were confirmed or rejected to depositories
• All security certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners
• Listed securities remain on stock exchanges where previously issued securities are traded

Company Information

Kanani Industries Limited operates from its registered office at Bharat Diamond Bourse in Mumbai's Bandra Kurla Complex, with manufacturing facilities located in Surat Special Economic Zone, Gujarat. The company maintains its listing on both major Indian stock exchanges under scrip code 506184 on BSE and symbol KANANIIND on NSE.

This quarterly submission represents standard regulatory compliance for listed companies, ensuring transparency in depository operations and securities handling procedures as mandated by SEBI regulations.