Kridhan Infra Ltd disclosed that its promoters and persons acting in concert have confirmed there is no encumbrance on their shares under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration, submitted to BSE and NSE on April 10, 2026, confirms that the shares held by the promoter group are free from any charge or lien. This compliance ensures transparency regarding the holding status of the company's key stakeholders.

The disclosure was made by Anil Agrawal, a promoter of Kridhan Infra Ltd , on behalf of himself and other members of the promoter and promoter group, as well as persons acting in concert. The filing was addressed to the National Stock Exchange of India Limited and BSE Limited to meet regulatory requirements.

The list of promoters and persons acting in concert includes Anil Agrawal, Krishna Devi Agarwal, Kridhan Infrastructures Private Limited, and Kridhan Petrochemicals Private Limited. The declaration confirms that these entities have complied with the necessary disclosure norms.

Promoters and Persons Acting in Concert

Kridhan Infra Limited reported a net profit of ₹220.53 lakh for the financial year ended March 31, 2026, a significant decrease from ₹7,231.81 lakh in the previous year. Revenue from operations for the year stood at ₹344.39 lakh, compared to ₹257.67 lakh in the prior year. The company’s financial statements were prepared on a going concern basis, supported by management’s view that future business prospects and cost reduction measures will sustain operations alongside recent efforts to increase the equity base through preferential allotment.

The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The statutory auditors have carried out a limited review of the results. The company reported a net profit of ₹96.61 lakh for the quarter ended March 31, 2026. The consolidated financial results include the performance of subsidiaries Kridhan Infra Solutions Private Limited and Kridhan Mediatech Private Limited, while excluding the liquidating subsidiary Readymade Steel Singapore Pte. Limited.

Key Financial Figures (Standalone)

The auditors highlighted that the company has accumulated losses resulting in the erosion of net worth. While the financial impact of this qualification is presently unascertainable due to uncertainties associated with future business performance and fund infusion, the management remains optimistic about continued operations. Exceptional items during the period were on account of reversals of earlier provisions for loans and advances.