Kilburn Office Automation Limited approved the alteration of its Memorandum of Association to relocate its registered office from West Bengal to Maharashtra during its 45th Annual General Meeting held on September 30, 2026. The special resolution, subject to confirmation by the Regional Director of the Ministry of Corporate Affairs, marks a significant structural change for the Kolkata-based entity.

The meeting was conducted through Video Conferencing and Other Audio-Visual Means in compliance with the Companies Act, 2013, and SEBI regulations. Mr. Yogesh Ramniwas Mandhani presided over the proceedings as Chairman. The requisite quorum was present, and the Notice convening the meeting along with the Annual Report for the financial year ended March 31, 2026, were taken as read with member consent.

Key resolutions passed

Members transacted both ordinary and special business items. The ordinary business included the adoption of audited financial statements for FY26 and the reports of the Board and Auditors. Additionally, Mr. Dipesh Nandkishorji Mandhani was re-appointed as a Director retiring by rotation.

The special business focused on corporate governance and structural adjustments:

• Alteration of Objects Clause: Complete substitution of Clause III of the Memorandum of Association to cover new main objects and ancillary matters.
• Change of Registered Office: Alteration of Clause II to move the registered office from the State of West Bengal to the State of Maharashtra.

Meeting details and attendance

The company facilitated remote e-voting through the CDSL platform from September 27 to September 29, 2026. The cut-off date for determining voting eligibility was September 25, 2026. Members who did not vote remotely could cast their votes during the live session.

Representatives from Vinod Kumar Jain & Co., the Statutory Auditors, and Prakul & Kunwarpreet LLP, the Secretarial Auditors, attended the meeting. The combined results of voting, including the Scrutinizer's Report, will be communicated to stock exchanges within statutory timelines.

Kilburn Office Automation Limited reported a net loss of ₹30.95 lakh for the financial year ended March 31, 2026 (FY26), compared to a profit of ₹6.52 lakh in the previous year. The company remained non-operational with zero revenue from operations and other income throughout the period.

The swing to a loss was primarily driven by a deferred tax charge of ₹25.91 lakh, which exceeded the operating loss of ₹5.04 lakh. Administrative costs declined significantly from ₹25.90 lakh in FY25 to ₹5.02 lakh in FY26, reflecting the stabilization of processes following the Corporate Insolvency Resolution Process (CIRP).

Financial Performance Overview

The company's financial statements highlight a transition phase following the approval of its Resolution Plan by the National Company Law Tribunal (NCLT) in February 2024. With no active business operations, the income statement reflects only statutory and administrative expenses.

Post-CIRP Transition and Governance

The new management, led by Whole-Time Director and CFO Gaurav Kasat, has focused on strengthening corporate governance and ensuring statutory compliance. The Board noted that the Company has not yet commenced business operations and is currently reviewing options for revival. No decision has been taken regarding the future business model or operational direction.

Key governance updates include:

• Appointment of Vinod Kumar Jain & Co as Statutory Auditors for five years.
• Regularization of appointments for Independent Directors Neha Punit Agrawal and Pratiksha Santosh Rathi.
• Resignation of former Company Secretary Mitali Rajendra Mittal, succeeded by Poonam Gaurav Chandak.

What the Numbers Show

The divergence between the operating loss and the net loss highlights the impact of accounting adjustments on the bottom line. While the company reduced its cash burn by cutting other expenses by 80.6% year-on-year, the recognition of deferred tax liabilities reversed the previous year's tax benefit. This resulted in a net loss despite a significant reduction in operational overheads. The balance sheet shows total assets decreasing from ₹203.76 lakh to ₹175.63 lakh, largely due to the write-down of deferred tax assets from ₹85.48 lakh to ₹59.57 lakh.