Khandelwal extractions Limited has officially communicated to BSE Limited that the company does not meet the Large Corporate criteria established under SEBI regulations. The formal notification was submitted on April 3, 2026, ensuring compliance with regulatory requirements and maintaining transparency with the stock exchange.

Regulatory Compliance Notification

The company's communication references SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which establishes specific criteria for categorizing companies as Large Corporates. By formally declaring its non-Large Corporate status, Khandelwal Extractions Limited ensures adherence to applicable regulatory frameworks and reporting requirements.

Corporate Governance and Compliance

The notification was signed by Nida Khatoon, who serves as the Company Secretary and Compliance Officer with membership number A70498. The formal communication demonstrates the company's commitment to maintaining proper corporate governance standards and ensuring all regulatory disclosures are made in a timely manner.

Company Operations

Khandelwal Extractions Limited operates from its headquarters located at 51/47, Nayaganj, Kanpur-208001. The company maintains active communication channels through multiple contact methods and operates under CIN L24241UP1981PLC005282, indicating its incorporation in Uttar Pradesh in 1981.

This regulatory notification ensures that BSE Limited maintains accurate records regarding the company's classification status, facilitating proper regulatory oversight and compliance monitoring for all stakeholders involved.

Khandelwal Extractions Limited , a company engaged in the extractions industry, has reported a significant decline in its financial performance for the second quarter. The company's unaudited financial results, approved by the Board of Directors on November 13, reveal a notable decrease in profitability despite a marginal increase in total assets.

Financial Highlights

Quarterly Performance Analysis

Khandelwal Extractions experienced a sharp decline in its quarterly performance. The company's revenue from operations decreased by 30.91% to Rs 14.95 lakhs, compared to Rs 21.64 lakhs in the same quarter of the previous fiscal year. This reduction in operational revenue significantly impacted the company's bottom line.

The net profit for the quarter stood at Rs 5.72 lakhs, marking a substantial 53.50% decrease from Rs 12.30 lakhs reported in the corresponding quarter of the previous year. This decline in profitability is reflected in the company's earnings per share (EPS), which dropped to Rs 0.67 from Rs 1.45 year-over-year.

Half-Yearly Performance

For the half-year ended September 30, Khandelwal Extractions reported a cumulative net profit of Rs 13.3 lakhs, down from Rs 23.8 lakhs in the same period of the previous year, representing a 44.12% decrease.

Balance Sheet Overview

As of September 30, the company's total assets stood at Rs 366.02 lakhs, showing a modest increase from Rs 351.82 lakhs reported at the end of the previous fiscal year on March 31. This growth in assets is primarily attributed to an increase in current assets, particularly in bank balances and other current assets.

Liquidity Position

The company's cash and cash equivalents decreased to Rs 12.09 lakhs as of September 30, from Rs 17.25 lakhs at the beginning of the fiscal year. However, the overall bank balances, including fixed deposits, increased significantly to Rs 210.71 lakhs from Rs 196.71 lakhs, indicating a strategic shift towards more liquid assets.

Conclusion

Khandelwal Extractions Limited faces challenges in maintaining its profitability amidst declining revenues. The significant drop in both quarterly and half-yearly profits suggests potential headwinds in the company's core operations. However, the increase in total assets and bank balances indicates that the company is maintaining a stable financial position despite the profit decline.