Kewal Kiran Clothing Limited concluded its 35th Annual General Meeting on September 24, 2026, through video conferencing. The meeting focused on the adoption of standalone and consolidated financial statements for FY26 and the reappointment of a key director.

The proceedings were conducted in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A total of 89 members participated in person via the virtual platform. The Chairman, Kewalchand P. Jain, briefed attendees on the company's performance for the fiscal year ended March 31, 2026.

Key resolutions passed

The shareholders approved two ordinary resolutions during the session:

1. Adoption of standalone and consolidated financial statements for FY26, including the audited balance sheet and profit and loss account.
2. Appointment of Dinesh P. Jain as a director, replacing himself upon retirement by rotation.

The notice of the meeting and annual report were sent electronically to members holding shares as of August 24, 2026, with registered email addresses. Voting was conducted via remote e-voting and electronic voting at the AGM, supervised by scrutinizer Ummedmal P. Jain.

Board and auditor attendance

Seven directors attended the meeting, representing the majority of the board. Independent Director Jayraj Sheth was absent due to ill health. Statutory auditors from Jain & Trivedi and N. A. Shah Associates LLP were present to address queries regarding the financial reports.

Members raised queries regarding the financial statements and operations. Due to time constraints, the Chairman addressed select questions directly, while promising that detailed responses to all remaining inquiries would be sent via email to the respective shareholders.

Kewal Kiran Clothing Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The filing outlines the company’s performance across environmental, social, and governance parameters in compliance with SEBI regulations.

Operational and Financial Overview

The company reported a turnover of ₹9,414.1 crore for FY26, with CSR applicability confirmed under Section 135 of the Companies Act, 2013. Its net worth stood at ₹9,253.3 crore. Operations remain focused on the manufacturing and retailing of apparel under brands such as Killer, Lawman, and Integriti, which account for 100% of turnover.

Employee Metrics and Turnover

A notable feature of the report is the high turnover rate among permanent staff. The total turnover rate for permanent employees reached 47.51% in FY26, up from 27.00% in FY25 and 20.45% in FY24. Similarly, permanent worker turnover was recorded at 47.51%, compared to 21.00% in the previous year.

The workforce comprised 2,544 employees and 965 workers as of March 31, 2026. Female representation among permanent employees was 16.83%, while female workers constituted 9.33% of the total worker count. The company reported zero fatalities and zero lost-time injury frequency rates for both employees and workers during the period.

Environmental Impact

Total energy consumption increased to 50,189 GJ in FY26 from 46,631 GJ in FY25. Non-renewable sources accounted for the majority of this usage, with fuel consumption rising to 35,275 GJ. Greenhouse gas emissions also saw an uptick, with Scope 1 emissions reaching 1,979 tCO2e and Scope 2 emissions at 2,326 tCO2e.

Water withdrawal totaled 113,539 kiloliters, primarily sourced from third parties (103,501 kiloliters) and groundwater (10,038 kiloliters). The company discharged 80,258 kiloliters of treated water to third parties.

What the Numbers Show

The divergence between stable revenue growth and sharply rising employee turnover warrants attention. While turnover grew moderately from FY25 levels, the near-doubling of permanent employee turnover from 27.00% to 47.51% suggests significant churn within the core workforce. This contrasts with the company’s claim of zero safety incidents and full coverage of health insurance for permanent staff, indicating that retention challenges are not driven by workplace safety or basic welfare gaps but may stem from other operational or market factors not detailed in this report.