Kedia Construction Co. Ltd. reports net loss of ₹232.72 lakh in FY26

1 min read     Updated on 26 May 2026, 12:51 PM
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AI Summary

Kedia Construction Co. Ltd. reported a net loss of ₹232.72 lakh for the financial year ended March 31, 2026, a sharp decline from the restated net profit of ₹39.25 lakh in the previous year. Total income for FY26 was ₹83.55 lakh, while total expenditure increased significantly to ₹313.12 lakh. The results incorporate the effects of a Scheme of Arrangement with Kirti Investments Limited, sanctioned by the NCLT, which included a reduction in share capital face value from ₹5 to ₹1. Statutory auditors M/s. Jhunjhunwala Jain & Associates LLP issued an unmodified opinion, highlighting pending litigation regarding inventory valued at ₹72.17 lakh.

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Kedia Construction Co. Ltd. reported a net loss of ₹232.72 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹39.25 lakh in the restated previous year. The company's total income for the year stood at ₹83.55 lakh, while total expenditure was ₹313.12 lakh. The board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net profit of ₹85.35 lakh. Total income for the quarter was ₹(2.18) lakh, with a negative figure driven by other income of ₹(14.18) lakh. The basic and diluted earnings per share (EPS) for the year was ₹(2.104), compared to ₹0.355 in the restated previous year.

Particulars Year Ended 31-Mar-2026 (Audited) Year Ended 31-Mar-2025 (Restated)
Net Sales / Income from Operations 55.00 68.25
Total Income 83.55 82.60
Total Expenditure 313.12 32.73
Net Profit / (Loss) (232.72) 39.25
EPS (Basic and Diluted) (2.104) 0.355

Corporate Actions and Restatements

The financial results reflect the impact of a Scheme of Arrangement and Amalgamation with Kirti Investments Limited, sanctioned by the National Company Law Tribunal, Mumbai Bench, on April 6, 2026. The scheme, effective from April 1, 2024, provided for the reduction of the company's share capital and the amalgamation of the transferor company. Consequently, comparative financial information for previous periods has been restated. The face value of equity shares was reduced from ₹5 to ₹1 per share.

Auditor's Report

Statutory auditors M/s. Jhunjhunwala Jain & Associates LLP issued an unmodified opinion on the standalone financial results. The auditors drew attention to pending litigation against LIC of India regarding the Ridge Road Property, carried as inventory at ₹72.17 lakh, for which no provision for diminution in value has been made.

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What specific operational strategies will Kedia Construction implement to reverse the significant surge in total expenditure from the previous year?

How will the pending litigation with LIC of India regarding the Ridge Road Property impact the company's cash flow and inventory valuation if the court rules against them?

Now that the Scheme of Arrangement and amalgamation with Kirti Investments Limited is complete, what are the projected synergies and revenue targets for the upcoming fiscal year?

Kedia Construction appoints Pooja Chaubey as Compliance Officer

1 min read     Updated on 21 May 2026, 12:34 AM
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AI Summary

Kedia Construction Company Limited has appointed Ms. Pooja Chaubey as its Compliance Officer effective May 20, 2026. The decision was approved by the Board of Directors during a meeting held on the same day. Ms. Chaubey is a member of the Institute of Company Secretaries of India.

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Kedia Construction Company Limited has announced the appointment of Ms. Pooja Chaubey as the Compliance Officer of the company. The appointment was approved by the Board of Directors during a meeting held on May 20, 2026, and is effective immediately from the same date.

The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015. The company disclosed the necessary details regarding the new appointment in a regulatory filing.

Details of the Appointment

The following table outlines the key details regarding the appointment:

Sr. No. Particulars Details
1 Name of Compliance Officer Ms. Pooja Chaubey
2 Reason for Change Appointment
3 Date of Appointment 20/05/2026
4 Brief profile Ms. Pooja Chaubey is the Member of the Institute of Company Secretaries of India bearing membership no. 25566.
5 Disclosure of relationship between director Not Applicable
6 Other Directorship and Category Not Applicable
7 Membership Committee Not Applicable

Ms. Chaubey brings her expertise as a member of the Institute of Company Secretaries of India to the role. The company has confirmed that there are no other directorships or relationships with directors that require disclosure in this context.

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How might Ms. Pooja Chaubey's appointment as Compliance Officer influence Kedia Construction Company's regulatory adherence and governance practices going forward?

Was there a previous Compliance Officer at Kedia Construction, and what circumstances led to this new appointment that could signal broader organizational changes?

How could strengthened compliance leadership impact Kedia Construction's ability to pursue future fundraising, acquisitions, or expansion plans that require regulatory approvals?

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