KDDL Limited has accepted the resignation of Mr. Hanspeter Pieth from the position of Non-Executive Director, effective from the close of business hours on June 22, 2026. The resignation was submitted due to time constraints, as stated in the official communication. This development reduces the board strength of the precision engineering and watch components manufacturer.

The company informed the National Stock Exchange of India Limited and BSE Limited regarding the cessation of the director's tenure. The disclosure was made in compliance with Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Hanspeter Pieth, holding Director Identification Number (DIN) 11423774, communicated his decision to the Board of Directors via email on June 22, 2026. He expressed his appreciation to the Board and management for their cooperation during his tenure and requested the completion of necessary formalities, including the filing of requisite forms with statutory authorities.

Details of Resignation

The following table outlines the particulars of the director's resignation as disclosed to the exchanges:

The intimation was signed by Brahm Prakash Kumar, Company Secretary of KDDL Limited, confirming the receipt and acceptance of the resignation.

KDDL Limited reported a robust financial performance for the fiscal year FY26, with standalone revenue growing by 31.9% year-on-year to INR506 crores. The company's consolidated revenue for the year stood at INR2,207.8 crores, marking a 30.3% increase over the previous year. This growth was driven by strong momentum across export markets and increasing customer confidence, particularly in the Precision Engineering and Bracelets divisions.

Financial Performance

For the quarter ended March 31, 2026 (Q4FY26), standalone total income reached INR145.3 crores, a growth of almost 42% year-on-year. The standalone EBITDA for Q4FY26 was INR36.4 crores, an 87.6% increase, with an EBITDA margin of 25.1%. Profit after tax (PAT) for the quarter stood at INR19.8 crores. For the full year FY26, standalone PAT was INR76.6 crores with a margin of 15.1%.

On a consolidated basis, total income for Q4FY26 was INR585 crores, growing by 35.6% year-on-year. Consolidated EBITDA for the quarter was INR95 crores, growing by 25.2%, while full-year EBITDA was INR363 crores, an 18.3% increase. Consolidated PAT for FY26 was INR135.2 crores with a margin of 6.1%.

Segment Performance

Excluding Ethos Limited, the watch component manufacturing business reported revenue of INR240 crores in FY26, compared to INR200 crores in the previous year, registering a growth of 20% year-on-year. The Precision Engineering division (Eigen) saw revenue grow by over 35% year-on-year to INR200 crores. The Packaging division (Ornapac) also performed well, with revenue growing by over 35% year-on-year to INR23 crores from INR17 crores in the previous year. The Bracelet division reported revenue of around INR40 crores.

Business Outlook

Management remains optimistic about the medium to long-term prospects of the Precision Engineering and Bracelets businesses, targeting a 25% CAGR. The company has planned a capital expenditure of approximately INR50 crores across businesses during FY27, focusing on maintenance and growth-oriented investments. The Favre-Leuba brand, operated by Silvercity Brands, is expected to more than double its sales in FY27 and expand its global footprint.

The disclosure of the earnings call transcript is pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Brahm Prakash Kumar, Company Secretary.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE291D01011/01200345feee4a60.pdf