Kkalpana Industries Q1 Results: Net Loss of ₹7.57 Lakh, Zero Revenue

kkalpana industries reported a standalone net loss of ₹7.57 lakh for the first quarter ended June 30, 2026 (Q1FY27), marking a significant deterioration from the net profit of ₹0.30 lakh recorded in the corresponding quarter of the previous year. The company generated zero revenue from operations, relying entirely on other income for its top line, while expenses surged due to higher other costs. This operational pause highlights a critical period for the plastic compounds manufacturer as it navigates a lack of core business activity.

The Board of Directors approved the unaudited financial results during its meeting held on August 05, 2026. In addition to the financials, the Board constituted a Committee of Independent Directors pursuant to Regulation 26(6) of the SEBI Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. This committee will provide a reasoned recommendation on the open offer made by Mr. Ashish Begwani to acquire up to 14,37,420 equity shares, representing 26.00% of the paid-up equity capital.

Financial Performance

The company’s financial statement reveals a complete absence of operational revenue. Total revenue stood at ₹10.49 lakh, derived solely from other income, down from ₹12.11 lakh in Q1FY26. Expenses, however, increased significantly to ₹18.06 lakh, compared to ₹11.81 lakh in the prior year period.

Particulars	Q1FY27 (₹ Lakh)	Q1FY26 (₹ Lakh)	Change
Revenue from Operations	0.00	0.00	—
Other Income	10.49	12.11	-13.38%
Total Revenue	10.49	12.11	-13.38%
Employee Benefits Expense	5.30	5.43	-2.39%
Other Expenses	12.76	6.38	+100.00%
Total Expenses	18.06	11.81	+52.92%
Net Profit / (Loss)	(7.57)	0.30	-2,623.33%

Earnings per share (EPS) turned negative at ₹(0.14), down from ₹0.01 in the previous year. The paid-up equity share capital remained unchanged at ₹552.85 lakh.

What the Numbers Show

The most striking feature of this quarter is the divergence between stable employee benefits and skyrocketing other expenses. While employee costs remained relatively flat at ₹5.30 lakh, other expenses doubled to ₹12.76 lakh from ₹6.38 lakh in Q1FY26. This surge in non-operational costs, against a backdrop of zero operating revenue, indicates that the company is incurring significant overheads or one-time charges without any offsetting income from its primary business activities. The reliance on other income for cash flow sustainability is evident, though even that stream declined slightly year-on-year.

Regulatory and Compliance Updates

The statutory auditors, B. Mukherjee & Co., conducted a limited review of the financial results in compliance with Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company noted that it operates as a single-segment entity engaged primarily in plastic compounds. Additionally, management confirmed that the new Labour Codes notified by the Government of India have no immediate impact on the company’s wage framework or payroll practices, as current systems are substantially aligned with existing laws.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.56%	-0.56%	+0.86%	-10.63%	-34.87%	-81.68%

Kkalpana Industries (India) Limited has accepted the resignation of Mrs. Ramya Hariharan as Independent Director effective July 1, 2026, and appointed Mrs. Rajni Mishra as an Additional Director in the category of Non-Executive Independent Director. The Board of Directors passed the resolution by circulation on June 29, 2026, to facilitate these changes in the company's governance structure.

Mrs. Ramya Hariharan resigned citing other professional preoccupations in a letter dated June 23, 2026. Consequently, she ceased to be a Member of the Nomination and Remuneration Committee and Chairperson of the Stakeholders' Relationship Committee from July 1, 2026. She confirmed there were no material reasons for her resignation beyond those stated.

Mrs. Rajni Mishra has been appointed for a term of five consecutive years, subject to the approval of shareholders at the ensuing Annual General Meeting. She is a Member of the Institute of Company Secretaries of India (ICSI) and holds a Master's degree in Human Resource Management. Mrs. Mishra brings over a decade of experience in corporate restructuring, governance, and regulatory compliance.

Directorship Details

The outgoing director held positions in several other entities, while the appointee brings experience from multiple board roles.

Entity	Role / Committee Membership
Mrs. Ramya Hariharan
TRF Limited	Member in Nomination and Remuneration Committee and Stakeholders Relationship Committee
Medica TS Hospital Private Limited	Director
Petro Carbon and Chemicals Limited	Member in Nomination and Remuneration Committee
Ddev Plastiks Industries Limited	Member in Audit Committee and Nomination and Remuneration Committee
Mrs. Rajni Mishra
Shyam Metallics and Energy Limited	Independent Director; Chairman of CSR Committee; Member of Audit, Nomination and Remuneration, and Stakeholders Relationship Committees
Western Carriers (India) Limited	Independent Director; Chairman of Risk Management Committee; Member of Audit and Nomination and Remuneration Committees
Alpine Commercial Co. Limited	Independent Director; Member of Audit and Nomination and Remuneration Committees
Swastik Plywood Limited	Independent Director; Member of Audit, Nomination and Remuneration, Stakeholders Relationship, and Risk Management Committees

The company has disclosed that there are no relationships between directors requiring disclosure. Mrs. Mishra has completed the Online Proficiency Self-Assessment Test for Independent Directors and is registered in the Independent Directors' Databank maintained by the Indian Institute of Corporate Affairs (IICA).