Karnika Industries Limited has announced an Earnings Conference Call to discuss its H2 and FY26 financial results. The call is scheduled for Monday, May 18, 2026, at 04:00 PM IST, hosted by Go India Advisors. The disclosure was made by Managing Director Niranjan Mundhra on May 13, 2026, pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Call Details

The earnings call will bring together the company's senior management to discuss H2 and FY26 results with investors and analysts. Participants are advised to pre-register to avoid wait time and may join with a Diamond Pass. Dial-in is recommended at least 5–10 minutes prior to the scheduled start time to ensure timely connectivity.

The following key details have been provided for the conference call:

Company Participants

The following senior representatives of Karnika Industries are scheduled to participate in the call:

• Mr. Niranjan Mundhra – Managing Director
• Mr. Krishan Karnani – Chief Financial Officer
• Mr. Jay Varma & Mr. Mayank Varma – Director, Kidcity

Regulatory Compliance

The conference call has been announced in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with other applicable provisions. The formal intimation was submitted to the National Stock Exchange of India Ltd on May 13, 2026, and signed by Niranjan Mundhra in his capacity as Managing Director (DIN: 05254448).

Karnika Industries Limited successfully conducted its Extraordinary General Meeting (EGM) on Monday, May 11, 2026, through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The meeting, which commenced at 1:25 P.M. (IST) and concluded at 1:52 P.M. (IST), was attended by 18 members. The proceedings were overseen by CS Poonam Binani as the Scrutinizer. All proposed special resolutions were passed with the requisite majority, primarily through remote e-voting.

EGM Proceedings and Resolutions Passed

The Managing Director apprised members about the proposal for raising funds through the issuance of Convertible Warrants on a preferential basis. The EGM notice dated April 16, 2026, along with three corrigenda, were taken as read. The following resolutions were passed as Special Resolutions:

Voting Results Summary

The Scrutinizer's report confirmed that the resolutions were passed with 100% of the valid votes cast in favour. Remote e-voting was conducted via NSDL from May 6, 2026, to May 10, 2026. The detailed voting outcomes for the special business are as follows:

Preferential Issue Details

The Board of Directors approved the issuance of up to 39,66,860 Convertible Warrants on a preferential basis at an issue price of ₹121 per warrant. The issue price includes a premium of ₹111 per warrant and aggregates to ₹47,99,90,060. The proceeds, amounting to approximately ₹40 crore, are earmarked for working capital requirements, while the remainder will be utilized for general corporate purposes.

Shareholding Pattern Impact

The preferential issue is proposed to be allotted to 14 allottees, including promoters and one non-promoter. Upon full conversion, the promoters' shareholding will increase from 73.39% to 74.74%, ensuring they remain in control of the Company. The EGM notice and proceedings have been uploaded to the Company's website and the National Stock Exchange of India Limited.