Krishna Capital re-appoints Meenu Maheshwari as Independent Director

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Reviewed by
Riya DScanX News Team
Key Highlights

Krishna Capital & Securities Ltd has re-appointed Mrs. Meenu Maheshwari as a Non-Executive Independent Director for a second five-year term from June 21, 2026, to June 20, 2031, pending shareholder approval. The Board approved the re-appointment on June 19, 2026, citing her extensive experience in finance and compliance. The disclosure complies with SEBI LODR Regulations.

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Krishna Capital & Securities Ltd has re-appointed Mrs. Meenu Maheshwari as a Non-Executive Independent Director for a second five-year term, effective from June 21, 2026, to June 20, 2031. The decision was taken by the Board of Directors at its meeting held on June 19, 2026. The appointment is subject to the approval of the shareholders.

Mrs. Meenu Maheshwari is a Qualified Practicing Company Secretary with over 25 years of experience in RBI/NBFCs, accounts, finance, banking, and legal compliances. The Board decided to re-appoint her considering her vast experience. She is not related to any Director(s) of the company as defined under Section 2(77) of the Companies Act, 2013.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has informed BSE Limited regarding the outcome of the Board meeting.

Particulars Details
Director Name Mrs. Meenu Maheshwari (DIN 07113136)
Designation Non-Executive Independent Director
Term Duration 5 years (Second Term)
Effective Date June 21, 2026
End Date June 20, 2031
Shareholder Approval Required
Brief Profile Qualified Practicing Company Secretary with 25+ years of experience
Relationship to Directors Not related to any Director(s) under Section 2(77) of Companies Act, 2013

The re-appointment reflects the company's commitment to maintaining governance standards. Shareholders will need to approve the appointment for it to take effect.

How will Mrs. Maheshwari's re-appointment influence Krishna Capital's strategic direction over the next five years?

What are the anticipated shareholder reactions to the re-appointment, and how might it impact the company's governance perception?

Could this re-appointment signal stability in leadership, potentially attracting more investors to Krishna Capital?

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Krishna Capital reports consolidated loss for FY26

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Reviewed by
Anirudha BScanX News Team
Key Highlights

Krishna Capital & Securities Limited reported a consolidated net loss of ₹12.59 lakh for FY26, a reversal from the net profit of ₹0.98 lakh in the previous year. Total income from operations decreased to ₹42.05 lakh from ₹56.57 lakh in FY25. The board approved the audited results on May 29, 2026, and appointed a new Secretarial Auditor and Internal Auditor.

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Krishna Capital & Securities Limited reported a consolidated net loss of ₹12.59 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹0.98 lakh in the previous year. The board 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. Statutory auditors M/s. Abhishek Kumar & Associates issued an unmodified opinion on the results.

Financial Performance

The company's total income from operations for FY26 stood at ₹42.05 lakh, a decrease from ₹56.57 lakh in FY25. For the quarter ended March 31, 2026, the company reported a net loss of ₹8.36 lakh on a consolidated basis, compared to a profit of ₹5.55 lakh in the corresponding quarter of the previous year. On a standalone basis, the net profit for FY26 was ₹0.78 lakh, down from ₹10.30 lakh in FY25.

The following table summarizes the key financial metrics for the standalone entity:

Metric FY26 (₹ in Lakhs) FY25 (₹ in Lakhs)
Total Income 42.05 56.57
Total Expenses 41.17 44.37
Net Profit/(Loss) 0.78 10.30
Basic EPS 0.02 0.33

Board Decisions

The board appointed M/s. H M Kadeval & Associates as the Secretarial Auditor for a term of five consecutive years from 2026 to 2031, subject to shareholder approval at the ensuing Annual General Meeting. Additionally, Shweta Arvind Bhai Saparia was appointed as the Internal Auditor for FY27. The board also noted that the company, being a Non-Banking Financial Company (NBFC), does not accept or hold any public deposits.

Auditor's Report

M/s. Abhishek Kumar & Associates, Statutory Auditors, confirmed that the financial results give a true and fair view of the company's financial position. The report highlighted that the consolidated results include the financial figures of associate Palco Metals Limited. The company received five investor complaints as of May 29, 2026, of which three were disposed off.

What strategic initiatives will Krishna Capital implement to reverse the decline in total income from operations?

How will the inclusion of Palco Metals Limited impact the consolidated financial performance in the coming fiscal year?

What specific cost-cutting measures are planned to address the rising expenses that contributed to the net loss?

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