Krishna Filament Industries Limited reported a loss before tax of ₹0.35 lakh for the financial year ended March 31, 2026, marking a reversal from a profit of ₹0.56 lakh in the previous year. The company recorded zero revenue from operations during the period due to unavoidable circumstances beyond its control.

The entire income for FY26 was derived from other sources, specifically agricultural income amounting to ₹8.00 lakh, which declined from ₹8.56 lakh in FY25. With no operational activity, the company’s total expenses stood at ₹8.35 lakh, comprising employee benefits of ₹2.40 lakh and other expenses of ₹5.95 lakh. This resulted in a negative bottom line despite the absence of depreciation or finance costs.

Financial Performance Snapshot

The following table details the key financial metrics for FY26 compared to FY25:

Balance Sheet and Liquidity Position

As of March 31, 2026, the company’s 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, driven by a net cash inflow from operating activities of ₹1.63 lakh. However, the company continues to carry a negative equity position, with total equity at (₹284.62) lakh as of March 31, 2026, compared to (₹284.28) lakh in FY25.

Liabilities remained largely stable, with long-term borrowings unchanged at ₹284.65 lakh. Current liabilities increased slightly to ₹67.28 lakh from ₹66.67 lakh in the prior year. The company has not declared any dividend for FY26, citing carried forward losses incurred over the years.

Governance and Board Changes

The Board of Directors recommended the appointment of Ms. Kinjal Bhansali as a Non-Executive Non-Independent Director, effective September 7, 2026. She replaces Ms. Harinakshi Amin, who resigned due to personal reasons. Additionally, Mr. Bhupat Chaniyara, Executive Director and CEO, retires by rotation and is eligible for reappointment at the upcoming Annual General Meeting scheduled for September 30, 2026.

M/s VCA and Associates, Chartered Accountants, have been proposed for appointment as Statutory Auditors for a term ending with the conclusion of the 40th AGM in 2028, replacing M/s P R Agarwal & Awasthi.

What the Numbers Show

A critical observation from the FY26 financials is the complete dependency on non-operational income. Since revenue from operations was nil, the entire ₹8.00 lakh income was generated from agricultural sources. When juxtaposed against fixed costs like employee benefits (₹2.40 lakh) and listing fees (₹3.87 lakh), it becomes evident that the company lacks an operational engine to cover its baseline administrative overheads. The shift from a small profit in FY25 to a loss in FY26 was driven by a slight dip in this passive income combined with a rise in auditor remuneration and other expenses, highlighting the fragility of its current financial structure without active business operations.

Krishna Filament Industries Limited has disclosed the voting results and scrutinizer's report for its 38th Annual General Meeting held on September 30, 2026, confirming all four resolutions were passed unanimously.

The meeting was conducted at the company's registered office in Palghar, Maharashtra. Voting was carried out through physical ballot papers by members present at the AGM, as the company did not provide remote e-voting facility. M/s. Mayank Arora & Co., Company Secretaries, was appointed as scrutinizer to oversee the process. The cut-off date for determining eligible members was September 18, 2026.

Resolutions passed at the AGM

Shareholders voted on four ordinary resolutions pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following resolutions were considered and passed:

Voting results: unanimous approval across all resolutions

All four resolutions received unanimous support from the 16 members present at the AGM. The total valid votes cast stood at 22,28,427 shares, with zero votes against and zero invalid votes for each resolution. The detailed results are as follows:

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, following the standard procedural requirements outlined in the meeting notice dated September 7, 2026.

The scrutinizer's consolidated report was submitted by Mayank Arora, Partner of M/s. Mayank Arora & Co., on October 3, 2026. The unblocking of votes took place on September 30, 2026, after the conclusion of the meeting, in the presence of two witnesses not in the employment of the company. The voting results were submitted to BSE Limited on October 3, 2026, in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting concluded at 11:50 am.