KSR Footwear Limited has authorized its Key Managerial Personnel (KMPs) to independently determine the materiality of events or information for the purpose of making disclosures to stock exchanges. The decision, taken by the Board of Directors, aims to streamline the company’s regulatory compliance workflow by empowering senior executives to assess and report material information promptly. This authorization is made pursuant to Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations).

The Board has jointly and/or severally authorized three specific executives to exercise this authority. These individuals are now responsible for evaluating whether an event or piece of information meets the threshold of materiality as defined by SEBI guidelines, thereby enabling faster and more efficient communication with investors and regulators.

The authorized personnel include:

All three executives share the same contact number, 0334 4009 0501, for official communications regarding these disclosures. Their respective email addresses are rittick.royburman@ksrfootwear.com , vikramjeet.sharma@ksrfootwear.com , and shikha.jindal@ksrfootwear.com .

Regulatory Context

Regulation 30(5) of the SEBI LODR Regulations mandates that listed entities must designate specific personnel who are authorized to determine the materiality of any event or information that requires disclosure to the stock exchanges. This provision ensures that there is a clear line of accountability and a defined process for assessing what constitutes material information, preventing delays in market-sensitive announcements.

By explicitly naming the KMPs, KSR Footwear Limited ensures compliance with this regulatory requirement while maintaining operational agility. The details of this authorization have been displayed on the company’s website at https://www.ksrfootwear.com for public access.

What This Means for Stakeholders

This structural change does not alter the nature of disclosures but rather optimizes the internal approval mechanism. Investors can expect that material events will be assessed and disclosed by the top leadership team without unnecessary bureaucratic layers. The involvement of the Company Secretary, Shikha Jindal, who also holds ICSI Membership No. A58192, ensures that legal and compliance standards are strictly adhered to during the materiality assessment process.

The intimation was submitted to both BSE Limited and National Stock Exchange of India Limited on August 05, 2026. The notice was signed digitally by Shikha Jindal, affirming the Board’s resolution.

KSR Footwear Limited reported a standalone net profit of ₹3.17 million for the quarter ended June 30, 2026 (Q1FY26), reversing a net loss of ₹48.27 million in the same period last year. This turnaround signals improved operational efficiency and cost management for the footwear manufacturer, offering relief to investors after a challenging FY26 where the company posted an annual net loss of ₹127.39 million.

The Board of Directors approved the unaudited financial results at its meeting held on August 05, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by M/s. Agarwal & Associates, the statutory auditors, in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Revenue from operations rose slightly by 0.4% year-on-year to ₹522.50 million in Q1FY26, compared to ₹520.61 million in Q1FY25. However, this growth was slower than the sequential decline observed in the preceding quarter, where revenue stood at ₹602.86 million. Other income decreased significantly to ₹2.03 million from ₹5.42 million in the corresponding period last year, reflecting lower non-operating gains.

Total expenses for the quarter were ₹520.29 million, down from ₹576.81 million in Q1FY25. This reduction was primarily driven by a decrease in cost of materials consumed and favorable changes in inventories. Cost of materials consumed stood at ₹395.25 million, while purchases of stock-in-trade dropped to ₹15.83 million from ₹18.81 million in the prior year quarter.

Profit before tax improved to ₹4.24 million from a loss of ₹50.78 million in Q1FY25. The company recorded a deferred tax expense of ₹1.07 million, compared to a deferred tax benefit of ₹2.51 million in the previous year quarter. Earnings per share (basic) were ₹0.17, up from a loss of ₹2.63 per share in Q1FY25.

What the Numbers Show

The most significant driver of the quarterly profitability was the sharp improvement in pre-tax margins, which turned positive despite only marginal revenue growth. While revenue remained relatively flat YoY, the company successfully reduced total expenses by nearly ₹56.52 million compared to Q1FY25. This suggests effective control over operating costs and inventory management, as indicated by the negative change in inventories of finished goods and work-in-progress, which contributed positively to the bottom line. The absence of exceptional items in Q1FY26, unlike the statutory impact of new Labour Codes recognized in FY26, also aided the cleaner profit presentation.

Management Changes

In addition to approving the financial results, the Board appointed Mr. Vikram Jeet Sharma as the Chief Financial Officer (Key Managerial Personnel) with effect from August 05, 2026. Mr. Sharma brings over 24 years of experience in Finance & Accounts. He joined KSR Footwear Limited as Deputy General Manager - Strategic Planning & Commercial on July 01, 2026. Prior to this, he was associated with Khadim India Limited since January 2006. He is an Associate Member of the Institute of Chartered Accountants of India and holds a Bachelor's degree in Commerce from the University of Calcutta.