The President of India, acting as the promoter of KIOCL , has declared that no encumbrance was created on its shareholding during the financial year ended March 31, 2026. The declaration confirms that the promoter, which holds 99.03% of the total shares, did not pledge or encumber its stake directly or indirectly throughout FY26. This disclosure ensures shareholders that the majority ownership remains free from liens or charges that could potentially impact corporate control.

The declaration was submitted to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was made on behalf of the President of India by Daya Nidhan Pandey, Joint Secretary of the Ministry of Steel, Government of India. The document serves as a formal confirmation to the exchanges regarding the status of the promoter's holding.

Shareholding Details

The following table outlines the promoter's stake in KIOCL Limited as disclosed in the filing:

Regulatory Compliance

The Ministry of Steel addressed the communication to the National Stock Exchange of India Limited, BSE Limited, and Metropolitan Stock Exchange of India Limited. A copy of the declaration was also forwarded to the Chairman and the Audit Committee of KIOCL Limited. The confirmation provides transparency regarding the promoter's financial commitments related to their equity in the company.

KIOCL Limited has returned to profitability for the financial year ended March 31, 2026, reporting a net profit of ₹1.66 billion compared to a net loss of ₹2.05 billion in the previous year. The turnaround was driven by a significant reduction in total expenditure, which fell to ₹6.96 billion from ₹8.46 billion in FY25. The board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026.

Q4 and Annual Performance

For the fourth quarter (Q4FY26), the company reported a standalone net profit of ₹534 million, reversing the net loss of ₹369 million recorded in the corresponding quarter of the previous year. Revenue from operations for Q4FY26 stood at ₹2.20 billion, a decline from ₹2.47 billion in Q4FY25. For the full year, revenue from operations increased to ₹6.11 billion from ₹5.90 billion in the previous year.

The following table summarises KIOCL's key financial metrics for Q4 and FY26:

Operational Highlights and Auditor's Report

The company's EBITDA turned positive at ₹317 million in Q4FY26 against a loss of ₹408 million in the year-ago period, with an EBITDA margin of 14.40%. G. Balu Associates LLP, the statutory auditors, provided an unmodified opinion on the standalone financial results. The auditors highlighted an emphasis of matter regarding the absence of Independent Directors and the consequent non-constitution of the Audit Committee, noting that the Board of Directors reviewed and approved the results in their absence.

Additionally, the report noted that Kudremukh mining operations remain suspended since 2006, and the Blast Furnace Unit (BFU) has not been operational since 2009. No impairment was recognised for these assets based on valuation reports. The company also classified capital expenditure of ₹54.55 billion on Devadari Iron ore mines as intangible assets under mining rights, though mining activities are yet to commence pending forest land handover and government permissions.