Krishna Ventures Limited Discloses Related Party Transactions for Period Ended March 31, 2026

3 min read     Updated on 16 May 2026, 05:37 PM
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AI Summary

Krishna Ventures Limited disclosed its related party transactions for the period ended March 31, 2026, to BSE Limited on May 16, 2026, under Regulation 23(9) of SEBI (LODR) Regulations, 2015. The disclosure covers 41 advance transactions conducted via Resina Ventures Ltd with two counterparties — Archie Emerge Pvt Ltd (7 transactions) and Lead Electrical Ltd (34 transactions) — both linked through a common director relationship. All transactions carried an audit committee-approved value of 2500.00 each, with approval status noted as "Under Objection Approved," and the total value of transactions during the reporting period stood at 24.4. The filing was signed by Managing Director Neeraj Gupta (DIN: 07176093).

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Krishna Ventures Limited filed its Related Party Transaction (RPT) disclosure with BSE Limited on May 16, 2026, pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure pertains to the period ended March 31, 2026, and was submitted under the signature of Managing Director Neeraj Gupta (DIN: 07176093). The total value of transactions during the reporting period was recorded at 24.4.

Overview of Related Party Transactions

The disclosure covers advance transactions facilitated through Resina Ventures Ltd with two related counterparties — Archie Emerge Pvt Ltd and Lead Electrical Ltd — both of whom share a Common Director relationship with the listed entity. All transactions are classified as Advances and were approved by the audit committee, noted as "Under Objection Approved", with each transaction carrying an audit committee-approved value of 2500.00.

The following table summarises the key parameters applicable across all disclosed transactions:

Parameter: Details
Listed Entity (via): Resina Ventures Ltd
Counterparties: Archie Emerge Pvt Ltd; Lead Electrical Ltd
Relationship: Common Director
Transaction Type: Advance
Audit Committee Approval Status: Under Objection Approved
Approved Value per Transaction: 2500.00
Total Value During Reporting Period: 24.4
Reporting Period End: March 31, 2026

Transactions with Archie Emerge Pvt Ltd

Seven advance transactions were disclosed involving Archie Emerge Pvt Ltd as the counterparty. The table below captures the transaction-wise value and balance movements:

S. No. Transaction Value Opening Balance Closing Balance
1 -10.00 0.00 -10.00
2 -10.00 20.00 -10.00
3 -10.00 30.00 -10.00
4 -10.00 40.00 -10.00
5 -10.00 45.00 -10.00
6 -10.00 50.00 -10.00
7 2.00 10.00 -10.00

Transactions with Lead Electrical Ltd

The remaining 34 advance transactions were disclosed with Lead Electrical Ltd as the counterparty. These transactions reflect a series of incremental movements in balances across the reporting period, as detailed below:

S. No. Transaction Value Opening Balance Closing Balance
8 4.00 73.87 69.87
9 3.00 49.87 46.87
10 0.75 46.87 46.12
11 0.35 46.12 45.77
12 2.50 46.87 49.37
13 1.50 43.37 -18.47
14 1.50 -16.47 -16.97
15 2.00 -16.97 -14.47
16 -10.00 -14.47 -14.47
17 0.00 -46.47 -46.47
18 1.00 -46.47 -45.47
19 1.00 -46.47 -45.47
20 4.00 -43.47 -39.47
21 7.00 -39.47 -32.47
22 2.00 -32.47 -30.47
23 1.00 -30.47 -29.47
24 1.00 -49.47 -42.47
25 5.00 -47.07 -42.07
26 5.00 -42.07 -37.07
27 0.95 -37.07 -37.42
28 7.00 -37.42 -30.42
29 2.00 -30.42 -28.42
30 9.00 -28.42 -19.42
31 4.00 -19.42 -15.42
32 1.25 -15.42 -14.17
33 1.00 -14.17 -13.17
34 0.50 -13.17 -12.67
35 1.00 -12.67 -11.67
36 2.00 -11.67 -9.67
37 -10.00 -9.67 -39.67
38 4.00 -19.67 -25.67
39 2.00 -25.67 -23.67
40 1.00 -23.67 -22.67
41 25.00 200.00 -194.76

Regulatory Compliance

The disclosure was made in accordance with Regulation 23(9) of the SEBI (LODR) Regulations, 2015, which mandates half-yearly disclosure of related party transactions for the 2nd and 4th quarters. Krishna Ventures Limited has confirmed that the transactions detailed in Annexure-1 represent all related party transactions for the period ended March 31, 2026. The filing was addressed to the Manager, Listing Department, BSE Limited, and duly authenticated via digital signature by Managing Director Neeraj Gupta on May 16, 2026.

Historical Stock Returns for Krishna Ventures

1 Day5 Days1 Month6 Months1 Year5 Years
+4.98%+0.72%+10.78%+74.29%-13.33%+118.02%

Given that audit committee approvals were granted 'Under Objection,' what governance reforms might SEBI require Krishna Ventures Limited to implement to address concerns about related party transaction oversight?

How might the significant discrepancies between the audit committee-approved transaction value of 2500.00 and the actual total reported value of 24.4 impact investor confidence and future regulatory scrutiny of the company?

Could the common director relationships between Krishna Ventures Limited, Archie Emerge Pvt Ltd, and Lead Electrical Ltd attract SEBI's attention for potential conflict-of-interest investigations in upcoming quarters?

Krishna Ventures Board Approves Standalone Audited Financial Results for FY26

4 min read     Updated on 16 May 2026, 02:50 PM
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AI Summary

Krishna Ventures Limited's Board of Directors approved the standalone audited financial results for the quarter and financial year ended 31 March 2026 at a meeting held on 16 May 2026. Total assets grew to Rs. 2,819.09 lakhs from Rs. 2,535.52 lakhs, while the company reported a profit before tax of Rs. 29.71 lakhs against a loss of Rs. 87.35 lakhs in the previous year. Statutory auditor M/s Vivek Mittal & Associates issued an unmodified audit opinion, and the results were filed with BSE Limited under SEBI Listing Regulations.

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Krishna Ventures Limited convened a Board of Directors meeting on 16 May 2026, at which the board approved the standalone audited financial results for the quarter and financial year ended 31 March 2026. The results were prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under the Companies (Indian Accounting Standard) Rules, 2015. The meeting commenced at 01:00 P.M. and concluded at 02:00 P.M., with Managing Director Neeraj Gupta (DIN: 07176093) signing off on the disclosures.

Board Meeting Outcomes

The Board considered and approved the following matters at its meeting held on 16 May 2026:

  • Approval of the Audited Financial Results (Standalone) for the quarter and financial year ended 31 March 2026
  • Audit Report on the Audited Financial Results for the quarter and year ended 31 March 2026
  • Declaration in respect of Audit Report with Unmodified Opinion on the Financial Results for the financial year ended 31 March 2026

M/s Vivek Mittal & Associates, Chartered Accountants (ICAI Firm Registration No. 005847C), the statutory auditor of the company, issued an audit report with an unmodified opinion on the annual audited standalone financial results for the financial year ended 31 March 2026. The audit was conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013.

Standalone Statement of Assets and Liabilities

The following table presents the standalone audited statement of assets and liabilities as at 31 March 2026 compared to 31 March 2025 (Rs. in Lakhs):

Metric: As at 31 March 2026 As at 31 March 2025
Property, Plant & Equipments: 267.01 281.40
Capital Work-in-Progress: 587.49 614.83
Investments (Non-Current): 558.61 549.39
Total Non-Current Assets: 1,413.11 1,445.63
Inventories: 116.65 131.66
Trade Receivables: 525.80 94.86
Cash & Cash Equivalents: 5.81 30.99
Short Loans & Advances: 722.57 759.41
Total Current Assets: 1,405.98 1,089.89
Total Assets: 2,819.09 2,535.52
Equity Share Capital: 1,080.00 1,080.00
Other Equity: 8.80 (21.07)
Total Equity: 1,088.80 1,058.93
Total Non-Current Liabilities: 1,382.79 1,459.47
Trade Payables (Other Creditors): 266.15 14.78
Total Current Liabilities: 347.50 17.12
Total Equity and Liabilities: 2,819.09 2,535.52

Total assets grew to Rs. 2,819.09 lakhs as at 31 March 2026 from Rs. 2,535.52 lakhs as at 31 March 2025. Total equity improved to Rs. 1,088.80 lakhs from Rs. 1,058.93 lakhs, supported by a turnaround in other equity from Rs. (21.07) lakhs to Rs. 8.80 lakhs. Total current liabilities rose significantly to Rs. 347.50 lakhs from Rs. 17.12 lakhs, primarily driven by an increase in trade payables to other creditors from Rs. 14.78 lakhs to Rs. 266.15 lakhs.

Standalone Cash Flow Statement

The standalone cash flow statement for the year ended 31 March 2026, prepared under the Indirect Method as set out in Ind AS 7, is summarised below (Rs. in Lakhs):

Metric: Year Ended 31 March 2026 Year Ended 31 March 2025
Profit Before Tax: 29.71 (87.35)
Depreciation and Amortisation: 14.40 14.64
Finance Cost: 21.71 15.85
Cash Generated from Operations (before working capital changes): 65.82 (56.86)
Net Cash Flows from Operating Activities [A]: (19.59) 132.03
Net Cash Flows from Investing Activities [B]: 18.12 (116.14)
Net Cash Flows from Financing Activities [C]: (21.71) (15.85)
Net Increase/(Decrease) in Cash and Cash Equivalents [A+B+C]: (23.18) 0.04
Cash and Cash Equivalents at Beginning of Year: 31.34 31.30
Cash and Cash Equivalents at End of Year: 8.16 31.34

Krishna Ventures reported a profit before tax of Rs. 29.71 lakhs for the year ended 31 March 2026, compared to a loss before tax of Rs. (87.35) lakhs in the previous year. Net cash flows from operating activities were Rs. (19.59) lakhs for the year ended 31 March 2026, against a positive Rs. 132.03 lakhs in the year ended 31 March 2025. Cash and cash equivalents at the end of the year stood at Rs. 8.16 lakhs, compared to Rs. 31.34 lakhs at the beginning of the year.

Regulatory Compliance

The financial results were submitted to BSE Limited pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The declaration of unmodified audit opinion was made by Managing Director Neeraj Gupta in compliance with Regulation 33(3)(d) of the SEBI Listing Regulations, read with SEBI Circular bearing Ref No. CIR/CFD/CMD/56/2016 dated 27 May 2016. The audit report was signed by CA Vivek Mittal (M.N.: 074613), Partner, Vivek Mittal & Associates, at Ghaziabad on 16 May 2026 (UDIN: 26074613OUWPGM7597).

Historical Stock Returns for Krishna Ventures

1 Day5 Days1 Month6 Months1 Year5 Years
+4.98%+0.72%+10.78%+74.29%-13.33%+118.02%

Will Krishna Ventures be able to convert its significantly elevated trade receivables of Rs. 525.80 lakhs into cash in the near term, and what impact could delayed collections have on its liquidity position?

Given the sharp rise in trade payables and current liabilities, what is Krishna Ventures' strategy to manage its short-term debt obligations while cash and cash equivalents remain critically low at Rs. 8.16 lakhs?

With Capital Work-in-Progress still substantial at Rs. 587.49 lakhs, when does the company expect to commission these assets, and how will they contribute to future revenue generation?

More News on Krishna Ventures

1 Year Returns:-13.33%