Krishna Filament Industries Limited shareholders adopted the audited financial statements for the fiscal year ended March 31, 2026, during the 38th Annual General Meeting held on September 30, 2026.

The meeting, conducted at the company's registered office in Palghar, Maharashtra, saw the passage of four ordinary resolutions pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proceedings included the re-appointment of existing leadership and the induction of new board members.

Resolutions passed at the AGM

Shareholders voted on key governance matters, including the adoption of reports from the Board of Directors and Auditors. The following resolutions were passed:

Board changes and auditor appointment

Bhupat Savajibhai Chaniyara, who retired by rotation, was re-appointed as a director after offering himself for re-election. The company also appointed M/s. VCA & Associates, Chartered Accountants, as its statutory auditors for the upcoming term.

In a significant governance update, Kinjal Bhansali was appointed as a Non-Executive Non-Independent Director. This addition to the board structure follows the standard procedural requirements outlined in the meeting notice dated September 7, 2026.

Voting details

The company stated that detailed voting results for the business transacted at the AGM will be submitted separately in due course, in compliance with Regulation 44(3) of the SEBI listing regulations. The meeting concluded at 11:50 am.

Krishna Filament Industries reported a net loss of ₹0.35 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹0.56 lakh in the previous year. The company recorded zero revenue from operations, marking a significant operational halt.

The 38th Annual General Meeting is scheduled for September 30, 2026, at the registered office in Boisar. Shareholders will consider the adoption of audited financial statements and the re-appointment of Executive Director Bhupat Chaniyara.

Financial Performance

Total income for FY26 stood at ₹8.00 lakh, derived entirely from other income, primarily agricultural receipts. This represents a decline from ₹8.56 lakh in FY25. Total expenses increased to ₹8.35 lakh from ₹8.01 lakh in the prior year, driven by higher other expenses.

Employee benefit expenses remained stable at ₹2.40 lakh. Other expenses rose to ₹5.95 lakh from ₹5.61 lakh, with listing fees and legal charges contributing to the increase.

Balance Sheet Highlights

As of March 31, 2026, total assets stood at ₹71.16 lakh, a marginal increase from ₹70.90 lakh in the previous year. Cash and cash equivalents rose to ₹3.97 lakh from ₹2.34 lakh.

The company carries unsecured long-term borrowings of ₹284.65 lakh, unchanged from the prior year. These borrowings are owed to Krishna Overseas LLP, an entity where key management personnel have significant influence. Total equity remained negative at ₹(284.62) lakh due to accumulated losses.

What the Numbers Show

The company’s inability to generate operating revenue highlights a complete cessation of core business activities during the fiscal year. Despite this, the firm maintained listing compliance costs, including ₹3.87 lakh in listing fees and ₹0.80 lakh in auditor remuneration. The reliance on agricultural income for nearly all inflows underscores a shift away from its primary rope manufacturing business.

Corporate Actions

Ms. Kinjal Bhansali was appointed as a Non-Executive Non-Independent Director effective September 7, 2026, replacing Ms. Harinakshi Amin who resigned for personal reasons. The Board also proposed appointing M/s. VCA and Associates as statutory auditors for the term ending in 2028.

No dividend was declared due to carried-forward losses. The paid-up equity share capital remained at ₹778.63 lakh.