Kedia Construction Co. Ltd. has fixed June 15, 2026, as the record date for its share capital reduction and issuance of shares under Regulation 42. The reduction follows a scheme of arrangement and amalgamation between Kirti Investments Limited and Kedia Construction Company Limited, its shareholders, and creditors. This corporate action will alter the company's equity structure by reducing the face value of each share from Rs. 5 to Re. 1, impacting the total paid-up capital while maintaining the existing shareholding proportions.

The issued, subscribed, and paid-up equity share capital will decrease from Rs. 1,50,00,000, divided into 30,00,000 fully paid-up equity shares of Rs. 5 each, to Rs. 30,00,000, divided into 30,00,000 equity shares of Rs. 1 each. Upon the scheme becoming effective, existing equity shares held by shareholders will stand cancelled automatically without the need for surrender. The company will subsequently issue new 'Reduced Face Value Equity Shares' to the existing shareholders whose names appear in the Register of Members as on the record date.

Shareholders holding equity shares in physical form must provide requisite details relating to their accounts with a depository participant to the company prior to the record date. If these details are not provided or do not permit electronic credit, the company may issue the reduced face value equity shares in physical form or hold them in abeyance until the required details are intimated. The company intends to make necessary applications to National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for the admission of the new shares.

The shareholding pattern of the company will remain unchanged pursuant to the capital reduction, except for the change in the face value of the equity shares. Consequently, the percentage holding of public shareholders post-reduction will remain the same.

Capital Structure Details

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.

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.