A secretarial compliance report for the financial year ended March 31, 2026, revealed that KCD Industries India Limited failed to adopt several Secretarial Standards and delayed disclosures to the BSE. The company also did not appoint a statutory auditor to fill a casual vacancy. The auditor noted limitations in scope regarding potential penalties or actions by regulators.

M/s Agrawal Kushal & Associates, Practicing Company Secretaries, conducted the review to evaluate the company's adherence to statutory provisions and good corporate practices. The audit examined compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR), and other relevant regulations during the review period.

The report identified specific non-compliances, including delays in submitting disclosures of related party transactions under Regulation 23(9) of SEBI LODR Regulations, 2015. The company submitted the required information to the stock exchanges after a delay, attributing the lapse to exceptional circumstances. Additionally, the company failed to take steps to appoint a statutory auditor following a casual vacancy, violating Regulation 18 read with Part C of Schedule II of SEBI LODR and Section 139 of the Companies Act, 2013.

Further observations indicated that the company did not maintain a Structured Digital Database Software as required under the Prohibition of Insider Trading Regulations. The report also noted that while the company maintains a functional website, several disclosures and intimations were not uploaded in a timely manner. The auditor stated that the company is in the process of appointing a statutory auditor to address the vacancy.

The report highlighted a limitation of scope, stating that the auditors were unable to express an opinion regarding penalties, misconduct, or notices taken against the company, its promoters, or directors by SEBI or stock exchanges. This limitation arose due to the timing of the audit and an inability to obtain sufficient appropriate audit evidence. The report is based on data provided by the management and does not constitute an audit of financial records.

KCD Industries India Limited has scheduled a board meeting on May 30, 2026, to consider and approve the standalone audited financial statements for the quarter and year ended March 31, 2026. The meeting will be held at the company's registered office in Jogeshwari East, Mumbai, at 04:30 p.m. The board will also review the independent audit report for the same period pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The trading window for designated persons and other covered personnel has been closed since April 1, 2026, in accordance with the company's Code of Conduct under the SEBI (Prohibition of Insider Trading) Regulations, 2015. This window will remain shut until 48 hours after the board meeting outcome is submitted to the stock exchanges.

Agenda Items

The board will deliberate on the following key matters:

• Consideration and approval of standalone audited financial statements for the quarter and year ended March 31, 2026.
• Review of the independent audit report for the quarter and year ended March 31, 2026.
• Any other business with the permission of the Chair.

Meeting Details