Key Corp Limited announced that all resolutions proposed at its 40th Annual General Meeting (AGM) were approved by shareholders. The meeting, held on July 15, 2026, at the company's registered office in Kanpur, saw the adoption of audited financial statements for the year ended March 31, 2026, the re-appointment of a director, and the appointment of statutory auditors.

The voting process combined remote e-voting, conducted via Central Depository Services (India) Limited (CDSL), and physical ballots at the venue. A total of 10,799 members were entitled to vote, with participation reaching 69.10% of the total equity shares. Specifically, 39 members holding 4,146,077 equity shares participated in e-voting, while 8 members holding 1,584 shares voted at the AGM venue.

Ratna Tiwari, a practicing Company Secretary appointed as the Scrutinizer, oversaw the voting process. The remote e-voting period was open from July 12 to July 14, 2026. The votes cast at the venue were counted immediately following the meeting, after which the remote e-votes were unblocked in the presence of independent witnesses.

The results showed strong shareholder approval across all items of business. The resolution to receive and adopt the audited financial statements received 4,147,643 votes in favor and 18 against. Similarly, the re-appointment of Dr. Mukul Agarwal, who retires by rotation, was approved with 4,147,643 votes in favor and 18 against.

Shareholders also appointed M/s. V.P. Aditya & Company, Chartered Accountants, as the statutory auditors and fixed their remuneration. This resolution received 4,147,618 votes in favor and 43 against. The detailed voting outcomes for each resolution are summarized below.

Voting Results Summary

Key Corp Limited returned to profitability in the quarter ended June 30, 2026, reporting a net profit of ₹924.40 lakh. This marks a significant recovery from the net loss of ₹961.61 lakh recorded in the quarter ended March 31, 2026. The company's total revenue from operations surged to ₹945.84 lakh in Q1FY26, driven primarily by a net gain on fair value changes of ₹937.97 lakh, compared to ₹11.53 lakh in the previous quarter.

The board approved unaudited financial results for the quarter, which were reviewed by statutory auditors V.P. Aditya & Company. The report confirmed compliance with Indian Accounting Standards and SEBI regulations. Total expenses for the quarter were contained at ₹21.44 lakh, a sharp decrease from ₹973.27 lakh in the prior quarter, contributing to the turnaround.

Governance and Strategic Approvals

In a strategic move to expand its business scope, the board approved the alteration of the object clause of the Memorandum of Association. The proposed changes aim to align the company's activities with the Companies Act, 2013, and facilitate expansion into housing finance, diversified lending, and insurance distribution. These alterations are subject to shareholder approval via postal ballot.

The board also approved the enhancement of borrowing powers up to an aggregate limit of ₹500 crore and the creation of mortgages and charges over assets to secure borrowings. Both resolutions require shareholder consent. To facilitate these approvals, the board appointed Mr. Ankit Dhanotia of M/s ADJ & Associates as the scrutinizer for the postal ballot process.

Board Appointments

Strengthening its governance structure, the board appointed Mr. Yogesh Yashpaul Chadha and Mr. Devesh Srivastava as Additional Directors (Independent and Non-Executive) for a term of five years commencing July 15, 2026. Mr. Chadha brings extensive experience from roles at Sharekhan Limited and Mirae Asset, while Mr. Srivastava is the former Chairman and Managing Director of General Insurance Corporation of India (GIC Re). Their appointments are also subject to shareholder approval.

Financial Metrics

The company reported a basic and diluted earnings per share (EPS) of ₹15.41 for the quarter, excluding other comprehensive income. Key financial ratios indicate a current ratio of 10.06 times and a net profit margin of 97.73%. The gross NPA ratio stood at 9.09%, while the net NPA ratio was 8.18% for the quarter ended June 30, 2026.