Ken Financial Services submits application to reclassify Ashish Jajodia

Ken Financial Services Limited has submitted an application to the Bombay Stock Exchange seeking approval to reclassify Ashish Jajodia from the promoter category to the public category. The company filed the request with the exchange at 2:50 pm on August 14, 2026, marking the next procedural step in the ownership structure adjustment.

Regulatory Compliance

The filing is made in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation governs the reclassification of shareholding categories, ensuring transparency in the promoter and public holding structures of listed entities.

Procedural Timeline

The current submission follows a series of prior disclosures regarding this matter:

June 11, 2026: Initial intimation regarding the receipt of the request for reclassification.
August 10, 2026: Disclosure of Board of Directors' approval for the reclassification.
August 14, 2026: Submission of the formal application to BSE Limited for their no-objection letter.

The company stated that it is awaiting the stock exchange's approval and no-objection letter to finalize the change in classification. Shakti Singh Rathore, Managing Director of Ken Financial Services, signed the disclosure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	-0.24%	+17.40%	-1.10%	+77.25%

Ken Financial Services reported a net profit of ₹43.35 lakh for the financial year ended March 31, 2026, a significant increase from ₹8.37 lakh in the previous year. Revenue from operations surged to ₹99.87 lakh, compared to ₹59.88 lakh in FY25, primarily driven by income from services which totaled ₹42.37 lakh. The board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026.

The company’s total income for FY26 stood at ₹598.11 lakh, up from ₹59.89 lakh in the prior year. For the quarter ended March 31, 2026, net profit was ₹22.11 lakh, with total income at ₹511.04 lakh. The board appointed M/s. VMRS & Co. as internal auditors for FY26-27. Statutory auditors M/s. Satya Prakash Natani & Co. issued an unmodified opinion on the results.

Financial Performance for FY26

Particulars	Year Ended March 31, 2026 (₹ in Lakh)	Year Ended March 31, 2025 (₹ in Lakh)
Total Revenue from Operations	99.87	59.88
Other Income	498.24	0.01
Total Income	598.11	59.89
Total Expenses	536.35	48.52
Profit for the Period	43.35	8.37
Basic EPS (₹)	1.45	0.28

Balance Sheet Highlights

As of March 31, 2026, the company's total assets increased to ₹1,871.24 lakh from ₹972.56 lakh in the previous year. Loans grew substantially to ₹1,699.40 lakh from ₹808.17 lakh. Borrowings rose to ₹883.01 lakh, compared to ₹232.40 lakh in FY25. Cash and cash equivalents improved to ₹8.66 lakh from ₹4.41 lakh.