Kotia Enterprises Limited has accepted the resignation of Ankit Bhatnagar from the position of Company Secretary and Compliance Officer effective July 25, 2026. Bhatnagar, who served as Key Managerial Personnel, cited personal reasons for his departure. The resignation was received by the company on June 25, 2026.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed the stock exchanges that Bhatnagar will be relieved of his duties at the close of business hours on July 25, 2026.

In his resignation letter, Bhatnagar confirmed that the decision was purely due to personal reasons and that there are no other material factors involved. He stated that he will continue to discharge his duties during the notice period and ensure a smooth transition of records and compliance matters to his successor.

The Board of Directors has been requested to complete necessary formalities, including filings with the Ministry of Corporate Affairs and notifications to regulatory authorities. Vikas Bansal, Director, signed the intimation sent to the exchanges.

Resignation Details

Kotia Enterprises Limited reported a net loss of ₹249.92 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹4.93 lakh in the previous year. The company recorded a total income of ₹203.66 lakh for FY26, a significant increase from ₹88.72 lakh in FY25, primarily driven by revenue from rendering of services amounting to ₹131.00 lakh. The board approved the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 29, 2026.

The statutory auditors, M/s Ajay Rattan & Co., issued an audit report with a qualified opinion. The qualification arises because the company satisfied the criteria for registration as a Non-Banking Financial Company (NBFC) under Section 45-IA of the RBI Act, 1934, during the financial year ended March 31, 2025, but did not obtain the required registration. However, for the current financial year ended March 31, 2026, the company's financial income was lower than 50% of its gross income, indicating it no longer meets the specified criteria.

The financial results include exceptional items involving a write-off of a financial asset amounting to ₹485.22 lakh, as the management deemed the recovery uncertain. Consequently, the profit before tax for the year stood at a loss of ₹343.43 lakh. The earnings per share (EPS) for the year was reported as a loss of ₹3.56, compared to a loss of ₹0.07 in the previous year.

The company's total assets stood at ₹3,300.72 lakh as of March 31, 2026, down from ₹4,519.04 lakh in the previous year. Equity share capital remained unchanged at ₹702.05 lakh. The trading window for designated persons and their immediate relatives remains closed until 48 hours after the declaration of the standalone audited financial results.