Krishna Defence & Allied Industries has declared a final dividend of 12.5% per equity share for the financial year ended March 31, 2026. The resolution was passed during the company's 13th Annual General Meeting held on July 15, 2026, through video conferencing. Shareholders approved the dividend with 9,199,279 votes in favour, representing 100% of the votes polled.

The meeting also saw the ratification of remuneration for cost auditors and the appointment of statutory and secretarial auditors. Members appointed CNK & Associates LLP as the statutory auditor for a term ranging from financial year 2026-27 to 2030-31. Prerna Bokil & Associates were appointed as secretarial auditors for the same duration. The resolutions received overwhelming support from shareholders, with over 61.5% of the total outstanding shares participating in the e-voting process.

On the board front, Mr. Harshadsinh Mahida was appointed as Whole-time Director effective June 17, 2026, for a five-year term. Mr. Ankur Ashwin Shah was re-appointed as Managing Director for five years commencing April 01, 2026. In the category of independent directors, the company re-appointed Mr. Divyakant Zaveri and Mr. Jaykumar Toshniwal, each for a period of five years starting August 23, 2026.

The board also approved alterations to the Memorandum of Association to expand the business objectives, specifically regarding the manufacturing and trading of defence equipment, arms, and aerospace systems. Clause 16 was substituted to allow the investment of surplus funds in various financial instruments. Furthermore, the Articles of Association were altered to authorize the company to invest surplus funds in shares, stocks, securities, mutual funds, and bonds, subject to the provisions of Section 180 of the Companies Act, 2013.

Key Appointments and Terms

Krishna Defence and Allied Industries Limited has fixed Wednesday, July 8, 2026, as the record date to determine shareholder eligibility for the final dividend payment and e-voting at its upcoming Annual General Meeting (AGM). The AGM is scheduled for Wednesday, July 15, 2026, via video conferencing. This announcement clarifies the cut-off date previously referenced in the company's communication on June 20, 2026.

The board had earlier recommended a final dividend of ₹1.25 per equity share of ₹10 each (12.5%) for the financial year ended March 31, 2026, subject to shareholder approval. This represents an increase from the previous year's dividend of ₹0.50 per share. The record date ensures that shareholders listed on the register of members on July 8, 2026, will be entitled to receive the dividend and participate in the e-voting process.

Krishna Defence and Allied Industries Limited reported a 73% rise in net profit for FY26 to ₹3,812.12 lakh, compared to ₹2,202.87 lakh in the previous year. Revenue from operations increased 29% to ₹24,478.22 lakh from ₹18,961.38 lakh in FY25, driven by the principal defence products segment. For the quarter ended March 31, 2026, net profit stood at ₹1,230.28 lakh, while revenue was ₹6,484.60 lakh.

Financial Performance

The company's total income for FY26 stood at ₹24,805.06 lakh, up from ₹19,249.19 lakh in the previous year. Total expenses for the year were ₹19,723.86 lakh. Basic earnings per share (EPS) for FY26 increased to ₹25.95 from ₹15.73 in the previous year. On a consolidated basis, profit after tax and share of associate's profit for FY26 was ₹4,131.55 lakh.

The board approved the re-appointment of Mr. Jaykumar Toshniwal and Mr. Divyakant Zaveri as independent directors for a second term of five consecutive years, effective from August 23, 2026, subject to shareholder approval. Additionally, the board appointed M/s Zarna Thakar Associates as Cost Auditor and M/s Niket Shah & Associates as Internal Auditor for the financial year 2026–27.