Kanoria Energy & Infrastructure Limited has rectified a clerical error regarding the resignation of its director, Mrs. Priyadarshinee Kanoria. The company confirmed that the effective date of her resignation is May 20, 2026, correcting a previous notification that had erroneously stated the date as May 19, 2026.

The clarification was submitted to the Bombay Stock Exchange on May 22, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The initial announcement was made on May 21, 2026, but the XBRL filing for the change in management on the same date had correctly reflected the May 20, 2026, effective date.

Reason for Resignation

Mrs. Priyadarshinee Kanoria resigned from her position as Director due to pre-occupation elsewhere. In her resignation letter addressed to the Board, she expressed gratitude for the support extended during her tenure and requested that the necessary statutory compliances, including the filing of e-Form DIR-12, be completed.

Director Details

The disclosure provided specific details regarding the outgoing director and her relationship with the company's management.

The company has requested the exchange to take the corrected information on record. The resignation was formally accepted by the board, and the necessary steps for regulatory filings are being undertaken.

Kanoria Energy & Infrastructure Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a net profit of ₹15.58 lakh for the quarter ended March 31, 2026, compared to a net loss of ₹27.31 lakh in the corresponding quarter of the previous year. For the full financial year 2025-26, the net profit stood at ₹39.16 lakh, a sharp decline from ₹356.32 lakh in the previous year.

Revenue from operations for the quarter ended March 31, 2026, was ₹7,547.81 lakh, up from ₹6,713.34 lakh in the same period last year. However, annual revenue from operations decreased to ₹26,977.83 lakh for FY26 from ₹29,836.83 lakh in FY25. Total expenses for the year were ₹26,920.64 lakh, slightly lower than ₹29,589.87 lakh in the preceding year.

Board Decisions

The Board of Directors, in its meeting held on May 20, 2026, approved the audited financial results and recommended a dividend of 1%, or Re. 0.05 per equity share, for the financial year 2025-26. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting. Additionally, the board approved a dividend of 5% per annum on Redeemable Preference Shares.

Key Financial Metrics

The following table summarizes the company's financial performance for the quarter and year ended March 31, 2026:

Corporate Governance Updates

The board made several key appointments and changes to the leadership team. Mrs. Stuti Kacker was appointed as an Additional Director (Independent Director), while Mr. Anish Kanoria was appointed as an Additional Director. Mr. Rajiv Lall Adya was re-appointed as Whole Time Director. Conversely, Mrs. Priyadarshinee Kanoria resigned as Whole Time Director effective May 19, 2026.

The company also appointed Mr. Rakesh Saxena as the Internal Auditor and M/s Vivek Laddha & Associates as the Cost Auditor for the financial year 2026-27. The board approved notices for the meeting of 5% Redeemable preference shareholders and a postal ballot for equity shareholders.