KBS India Limited has scheduled its 40th annual general meeting (AGM) for September 18, 2026, to seek shareholder approval for a ₹2.50 crore preferential issue of non-convertible redeemable preference shares (NCRPS). The meeting will also adopt the audited financial statements for FY26, which reported a net profit decline to ₹8.76 lakh.

The company confirmed the record date window via a filing with BSE Limited on August 27, 2026, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The share transfer books will remain closed from September 12, 2026, to September 18, 2026. The AGM will be held via Video Conferencing or Other Audio Visual Means (VC/OAVM) without physical presence.

Preferential Allotment Details

The board approved the issuance of 2,50,000 units of 6% NCRPS, each with a face value of ₹100. The issue price matches the face value at ₹100 per share. The capital raise aims to meet working capital requirements for new business activities in online retail brokerage, depository participant services, and NSE Future Options Trading. The preference shares are cumulative and redeemable within 10 years from allotment, with a right to apply for redemption after one year.

Financial Performance FY26

For the financial year ended March 31, 2026, KBS India reported total revenue from operations of ₹233.94 lakh, a slight decline from ₹236.74 lakh in FY25. Net profit after tax fell significantly to ₹8.76 lakh from ₹17.66 lakh in the previous year. Other income decreased to ₹107.77 lakh from ₹114.27 lakh. Employee benefit expenses rose to ₹112.13 lakh from ₹92.02 lakh, while other expenses stood at ₹194.36 lakh.

Corporate Actions and Governance

The company appointed M/s. D N Vora & Associates as the scrutinizer for the e-voting process. Remote e-voting will commence on September 15, 2026, and end on September 17, 2026. The cut-off date for determining eligibility is September 11, 2026.

Shareholders will vote on the re-appointment of Managing Director Tushar Suresh Shah, who retires by rotation. Additionally, approvals are sought for related-party transactions including remuneration and rent payments. The Board of Directors comprises Chairman & Managing Director Tushar Suresh Shah, Non-Executive Director Namita Shah, and Independent Directors Sushmita Swarup Lunkad and Ashwini Ramakant Gupta.

Auditor Observations

Statutory auditors M/s. Bhuta Shah & Co. LLP highlighted two key matters in their report. First, gratuity liability was not provided for as required by Ind AS 19, with the impact not quantified due to the absence of an actuarial valuation. Second, a long-term loan of ₹16.65 crore and current account balance of ₹8.02 lakh receivable from erstwhile subsidiary KBS Capital Management Singapore Pte Ltd remain outstanding without provision, pending RBI confirmation for write-off. The auditors noted this results in an overstatement of profit and accumulated reserves.

KBS India Limited returned to profitability in the first quarter of FY27, reporting a net profit of ₹12.45 lakh for the period ended June 30, 2026. This marks a significant turnaround from the net loss of ₹10.04 lakh recorded in the immediately preceding quarter ended March 31, 2026. The improvement was supported by a 38.5% quarter-on-quarter rise in total income from operations, which reached ₹93.05 lakh compared to ₹67.17 lakh in Q4FY26.

The Board of Directors approved the unaudited standalone financial results at a meeting held on August 10, 2026, following a review by the Audit Committee. The results were filed with the stock exchanges pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The figures are prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

Financial Performance Highlights

While the current quarter showed a recovery, it remains below the performance levels seen in the same period last year. In Q1FY26, the company reported a net profit after tax of ₹27.69 lakh on total income of ₹112.18 lakh. For the full fiscal year ended March 31, 2026, KBS India reported a total income of ₹341.71 lakh and a net profit after tax of ₹8.76 lakh.

What the Numbers Show

The primary driver of the quarterly result was the stabilization of operational income, which helped offset costs that had led to losses in the previous quarter. The net profit before tax stood at ₹16.64 lakh in Q1FY27, compared to a pre-tax loss of ₹12.90 lakh in Q4FY26. However, year-on-year comparisons indicate a contraction in both top-line and bottom-line metrics, with revenue down approximately 17% and net profit down nearly 55% relative to Q1FY26. This suggests that while the immediate bleeding has stopped, the company is operating at lower volumes or margins compared to the prior year's corresponding period.