Kaycee Industries shareholders approved a final dividend of ₹2 per equity share of face value ₹10 each for the financial year ended March 31, 2026.

The company held its 83rd Annual General Meeting (AGM) on September 3, 2026, through Video Conferencing / Other Audio Visual Means (VC/OVAM). The meeting commenced at 11:30 am and concluded at 11:52 am with the requisite quorum present.

Key Resolutions Approved

Shareholders transacted the business mentioned in the notice, including ordinary and special resolutions. The key outcomes included:

• Adoption of the Audited Standalone and Consolidated Financial Statements for FY26.
• Declaration of the ₹2 per share final dividend.
• Re-appointment of Mr. Jitendra Kantilal Vakharia and Mr. D. Rajeshkumar Doraiswamy as directors liable to retire by rotation.
• Appointment of Statutory Auditor for a five-year term from FY27 to FY31.
• Approval of a Material Related Party Transaction with Salzer Electronics Limited.

Under special resolutions, shareholders approved the appointment of Mr. Nirmalkumar Motichand Chandria as a Non-Executive Independent Director for five years, effective August 5, 2026. Additionally, Mr. Jayaraman Balasubramanian was appointed as a Non-Executive, Non-Independent Director effective September 27, 2026.

Management Commentary

Mr. J. Balasubramanian, Chairman & Independent Director, chaired the meeting. He addressed prevailing global and Indian economic conditions, outlining the company’s progress during FY26 and future prospects.

Mr. N Rangachary, Chairman of holding company Salzer Electronics Limited, delivered a speech appreciating the company’s performance. Mr. K. Raman, Non-Executive Director, briefed shareholders on the operational performance during FY26.

Mr. Sanjay Prasath Narasimhan, Company Secretary & Compliance Officer, confirmed that e-voting facilities were available until 15 minutes after the meeting's conclusion. The voting results will be declared to stock exchanges and published on the company website.

Kaycee Industries reported a 17.3% year-on-year increase in standalone net profit to ₹115.56 lakh for the quarter ended June 30, 2026, driven by robust performance in its manufacturing segment. Despite the core business expansion, consolidated net profit declined 20% to ₹100.93 lakh due to higher losses from its associate, Ultrafast Chargers Private Limited. The Board of Directors appointed Nirmalkumar Motichand Chandria as an Additional Director designated as an Independent Director, effective August 05, 2026.

The Board approved the unaudited standalone and consolidated financial results during a meeting held on August 05, 2026, in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors R Subramanian and Company LLP issued limited review reports with unmodified opinions on both the standalone and consolidated results for the quarter. Disclosures regarding the board appointments were made pursuant to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Financial Performance Highlights

In the standalone results, total income increased to ₹1,518.84 lakh from ₹1,414.45 lakh in the corresponding period of the previous fiscal year. Total expenses were contained at ₹1,350.06 lakh, compared to ₹1,224.50 lakh in Q1FY26. The manufacturing segment contributed ₹1,204.62 lakh to revenue, up from ₹980.61 lakh, while the trading segment generated ₹294.13 lakh, down from ₹408.99 lakh.

Board Appointments

The Board appointed Mr. Nirmalkumar Motichand Chandria as an Additional Director designated as an Independent Director, effective August 05, 2026, for a term of five years, subject to shareholder approval. Mr. Chandria holds a Bachelor’s degree in Commerce from the University of Kerala and brings extensive experience in managing diversified business operations.

Additionally, the Board approved the appointment of Mr. Jayaraman Balasubramanian as a Non-Executive and Non-Independent Director, effective September 27, 2026, subject to retirement by rotation and shareholder approval. This follows his retirement from the position of Independent Director on September 26, 2026, after completing two terms. Mr. Balasubramanian is a Fellow Member of the Institute of Chartered Accountants of India with over 25 years of professional practice experience and a Law degree from Osmania University.

What the Numbers Show

The divergence between standalone and consolidated profitability highlights the impact of the associate company’s performance on the group’s bottom line. While Kaycee Industries’ core operations delivered a 17.3% YoY profit growth, the consolidated net profit declined by 20% due to an increase in the share of loss from Ultrafast Chargers Private Limited to ₹14.63 lakh from ₹13.79 lakh in Q1FY26. This suggests that while the parent company’s manufacturing and trading businesses are stabilizing and growing, the EV charging infrastructure venture continues to weigh on group-level earnings.