Kingfa Science & Technology files FY26 sustainability report with exchanges

scanx
Reviewed by
Suketu GScanX News Team
Key Highlights
  • Kingfa Science & Technology files FY26 BRSR report with Indian stock exchanges
  • Turnover recorded at ₹19,955.5 crore with exports at 6.29%
  • Energy intensity fell to 6,559.4 joules per rupee from 9,167.8 in FY25
  • Plastic waste generation rose sharply to 517.02 metric tonnes
  • Full health insurance coverage provided to all permanent staff
powered bylight_fuzz_icon
50183058

*this image is generated using AI for illustrative purposes only.

Kingfa Science & Technology Limited filed its Business Responsibility and Sustainability Report (BRSR) for FY26 with the National Stock Exchange of India Limited and BSE Limited on September 5, 2026. The disclosure covers environmental, social, and governance metrics for the financial year ending March 31, 2026.

Operational Overview

The company reported a turnover of ₹19,955.5 crore and a net worth of ₹13,986.3 crore. Exports contributed 6.29% to total turnover, with operations spanning 25 states in India and nine international markets. The entity operates four plants and two offices nationally, alongside one international office.

Environmental Metrics

Total energy consumption from non-renewable sources stood at 130,896.5 trillion joules, down from 159,949.3 trillion joules in FY25. Energy intensity per rupee of turnover decreased to 6,559.4 joules from 9,167.8 joules in the prior year.

Water withdrawal totaled 78,659 kilolitres, a reduction from 103,592 kilolitres in FY25. Water consumption was 73,421 kilolitres. Total waste generated rose to 520.29 metric tonnes from 194.49 metric tonnes in FY25, primarily driven by plastic waste which increased to 517.02 metric tonnes from 193.00 metric tonnes.

Metric FY26 FY25
Energy Intensity (Joules/₹) 6,559.4 9,167.8
Water Withdrawal (KL) 78,659 103,592
Waste Generated (MT) 520.29 194.49

Employee Welfare

The company employed 272 permanent employees and 517 workers as of March 31, 2026. Health and accident insurance coverage reached 100% for all permanent employees and workers. Training programmes covered 71.69% of employees and 62.62% of workers on various safety and operational topics.

What the Numbers Show

Energy efficiency improved significantly despite stable operations. The drop in energy intensity from 9,167.8 to 6,559.4 joules per rupee of turnover indicates better resource utilization relative to revenue generation. However, this operational efficiency contrasted with a sharp rise in plastic waste generation, which more than doubled year-on-year.

Historical Stock Returns for Kingfa Science & Technology

1 Day5 Days1 Month6 Months1 Year5 Years
+0.76%-0.47%+14.41%+38.61%+35.45%+429.55%

What specific waste management initiatives or circular economy strategies is Kingfa implementing to address the sharp year-on-year increase in plastic waste generation?

How does the company plan to sustain its improved energy intensity ratio amidst potential increases in production volume or expansion into new international markets?

Given the low export contribution of 6.29%, what are Kingfa's strategic priorities for expanding its footprint in the nine international markets it currently serves?

Kingfa Science & Technology
View Company Insights
View All News
like20
dislike

Kingfa Science & Technology declares ₹20 dividend, reshuffles board at AGM

scanx
Reviewed by
Shriram SScanX News Team
Key Highlights
  • Kingfa Science & Technology proposes a final dividend of ₹20 per share for FY26
  • New Chairman & Managing Director Wang Dazhong to receive ₹1 crore annual remuneration
  • Sethuraman Shanmugasundaram appointed as COO with ₹60 lakh annual package
  • 42nd AGM scheduled for September 28, 2026, via Video Conferencing
powered bylight_fuzz_icon
50157414

*this image is generated using AI for illustrative purposes only.

Kingfa Science & Technology has scheduled its 42nd Annual General Meeting for September 28, 2026, at 11:30 am to approve a final dividend of ₹20 per equity share for FY26. The meeting will also see significant leadership changes, including the appointment of a new Chairman & Managing Director.

The company will hold the AGM via Video Conferencing or Other Audio-Visual Means (OAVM). Shareholders holding shares as on the cut-off date of September 21, 2026, are eligible to vote through remote e-voting between September 25 and September 27, 2026.

Leadership Appointments

The special business agenda focuses on restructuring the top management team. The Board seeks shareholder approval for the following appointments:

  • Mr. Wang Dazhong as Chairman & Managing Director for a three-year term from August 15, 2026, to August 14, 2029. His annual remuneration is set at ₹1 crore, comprising salary, allowances, and performance-linked incentives.
  • Mr. Sethuraman Shanmugasundaram as Whole-time Director designated as Chief Operating Officer for a three-year term starting August 15, 2026. His annual remuneration is fixed at ₹60 lakh.
  • Ms. Apurva Pradeep Joshi as Non-Executive Independent Director for a five-year term until August 14, 2031.

Additionally, Mr. Sun Yajie retires by rotation and offers himself for re-appointment as a director.

Dividend and Remuneration Details

The proposed dividend of ₹20 per share represents a payout of 200% of the face value. The record date for determining dividend eligibility is Monday, September 21, 2026. Payments will be made electronically on or before October 28, 2026, subject to applicable tax deductions at source.

The Board has also recommended paying a commission of ₹8 lakh per year per Independent Director, in addition to sitting fees. This remuneration structure applies even in years with inadequate profits, subject to Companies Act limits.

What the Numbers Show

The proposed remuneration for the incoming Chairman & Managing Director (₹1 crore) is significantly higher than his last drawn annual remuneration of ₹23.04 lakh in FY25-26. Similarly, the new Chief Operating Officer’s package of ₹60 lakh nearly doubles his previous draw of ₹34.99 lakh. This sharp increase in executive compensation aligns with the formalization of their roles from additional directors to permanent key managerial personnel, signaling a push for stabilized long-term leadership.

Director Designation Term Annual Remuneration
Wang Dazhong Chairman & Managing Director 3 Years ₹1 crore
Sethuraman Shanmugasundaram Whole-time Director (COO) 3 Years ₹60 lakh
Apurva Pradeep Joshi Independent Director 5 Years Sitting fees + Commission

Auditor Ratification

The AGM will also ratify the remuneration of Mr. K. Suryanarayanan as Cost Auditor for FY27. The approved fee is ₹4 lakh plus applicable taxes and out-of-pocket expenses.

Historical Stock Returns for Kingfa Science & Technology

1 Day5 Days1 Month6 Months1 Year5 Years
+0.76%-0.47%+14.41%+38.61%+35.45%+429.55%

How will the significant increase in executive compensation for the new Chairman and COO impact Kingfa's net profit margins and overall cost structure in FY27?

What specific strategic initiatives or operational reforms is Mr. Wang Dazhong expected to implement to justify his elevated remuneration package?

Does the appointment of a new Chairman and COO signal a shift in Kingfa's corporate governance or strategic direction, particularly regarding its Chinese parent company's influence?

Kingfa Science & Technology
View Company Insights
View All News
like17
dislike

More News on Kingfa Science & Technology

1 Year Returns:+35.45%