Keerthi Industries narrowed its net loss to ₹1,528.83 lakh for the financial year ended March 31, 2026, compared to a loss of ₹2,277.22 lakh in the previous year, aided by strategic asset disposals. The company’s board approved the audited financial results for the quarter and year ended March 31, 2026, through a meeting held on May 27, 2026. The statutory auditors, M/s. Brahmayya & Co., issued an unmodified opinion on the results, though they highlighted a material uncertainty regarding the company’s ability to continue as a going concern due to accumulated losses and current liabilities exceeding current assets by ₹53.79 crore.

Financial Performance

Revenue from operations for the year stood at ₹9,359.11 lakh, a decrease from ₹9,666.97 lakh in FY25. Total income for FY26 was ₹9,517.14 lakh. The company reported a loss before tax from continuing operations of ₹2,409.39 lakh. However, a profit of ₹1,051.11 lakh was recorded from discontinued operations, primarily driven by the slump sale of the Electronic Division.

Operational Highlights and Strategic Moves

The company completed the transfer of its Electronic Division to Hyderabad Bottling Co. Pvt. Ltd. on March 31, 2026, for a consideration of ₹3,600 lakh. This slump sale resulted in a gain of ₹821.89 lakh, classified as an exceptional item within discontinued operations. Following this disposal, the company manages its operations as a single reportable segment, the Cement Division.

Additionally, the board approved the transfer of unpaid and unclaimed dividends amounting to ₹7,79,661 for the financial year 2018-19 to the Investor Education and Protection Fund Authority. The corresponding shares on which dividends were unclaimed for seven consecutive years will also be transferred in accordance with the Companies Act, 2013.

Auditor and Governance

M/s. Brahmayya & Co., Chartered Accountants, the statutory auditors, noted that the company’s current liabilities exceeded its current assets, and there have been delays in payments to certain overdue creditors. Despite these conditions, management believes the losses are temporary and expects to generate adequate cash flows through measures such as monetizing non-core assets and raising funds. Consequently, the financial statements were prepared on a going concern basis without adjustments to asset values.

The board also re-appointed M/s. Vasireddy and Associates, Practicing Cost Accountants, as the Cost Auditors for the financial year 2026-27. The firm, represented by Mr. V. Arunodaya Babu, brings over three decades of experience in cost auditing across various industries, including cement and sugar.

Keerthi Industries (Formerly Suvarna Cements Limited) has formally intimated BSE Limited of its upcoming 215th Board of Directors meeting, scheduled for Wednesday, May 27, 2026, to be held via video conferencing mode. The intimation was issued on May 5, 2026, in accordance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The 215th Board Meeting has been convened to deliberate on key corporate and financial matters. The following items are on the agenda for consideration and approval:

• Audited Financial Results of the company for the quarter and financial year ended March 31, 2026
• Other business matters as per the agenda of the meeting

The key details of the scheduled board meeting are summarised below:

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal code of conduct, Keerthi Industries has enforced a trading window closure for its designated persons. The trading window closure commenced from April 1, 2026, and will remain in effect until 48 hours after the announcement of financial results to the stock exchange.

The intimation was signed by Anupama Iyer, Company Secretary and Compliance Officer of Keerthi Industries, and has been submitted to BSE Limited for its records.