Keerthi Industries Limited has re-appointed M/s. Vasireddy and Associates as its cost auditor for the financial year 2026-27. The Board of Directors approved the re-appointment at its meeting held on May 27, 2026, following the recommendation of the Audit Committee. The firm is not a related party to the company.

The appointment was made in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The disclosure aligns with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and the updated Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

M/s. Vasireddy and Associates is a practicing cost accountants firm operating as a sole proprietorship. The firm is represented by Mr. V. Arunodaya Babu, who possesses over three decades of experience in maintaining cost records and conducting cost audits across various industries, including cement, sugar, alcohol, power, ferro alloy, oils, and minerals.

Cost Auditor Details

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.