KSR Footwear shareholders approved the company’s audited financial results for FY26 and reappointed director Rittick Roy Burman at its third annual general meeting on August 24, 2026. Both ordinary resolutions received overwhelming support, with nearly 100% of valid votes cast in favour.

The meeting was conducted via video conferencing in compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014. Chairman Suman Barman Roy presided over the session, which began at 11:30 am and concluded at 12:45 pm. Company Secretary Shikha Jindal confirmed that the consolidated scrutinizer’s report from M/s. A. K. Labh & Co. validated the voting process.

Voting Results

Shareholders holding shares as on the cut-off date of August 17, 2026 were eligible to vote. Remote e-voting was facilitated by National Securities Depository Limited (NSDL) from August 21 to August 23, 2026. E-voting during the AGM allowed additional participation for attendees.

A total of 177 members voted in favour of adopting the financial statements, while 13 members voted against. For the director’s re-appointment, 172 members voted in favour and 18 against. No invalid votes were recorded for either resolution.

Participation Breakdown

The company reported a total shareholder base of 30,012 as on the record date. Voting activity was concentrated among promoter holdings.

Promoter shareholders held 1,12,00,155 shares and polled 1,12,00,145 votes, representing 100% participation within their group. They voted unanimously in favour of both resolutions. Public non-institutional shareholders held 71,78,227 shares but polled only 1,06,589 votes, resulting in a 1.48% polling rate. No institutional public shareholders participated.

Governance and Participation

Seventeen registered speakers raised queries during the meeting, which management addressed to satisfy shareholder concerns. The votes were unblocked on August 24, 2026, around 1:50 pm in the presence of two independent witnesses: Mr. Rohit Kumar and Ms. Anushree Dasgupta.

Audit Observations

Statutory auditors M/s. Agarwal & Associates issued a clean report on the financial statements without qualifications or reservations. The scrutinizer’s report confirmed that all resolutions received the requisite majority. Final results were submitted to BSE Ltd and National Stock Exchange of India Ltd.

KSR Footwear Limited has returned to profitability in the first quarter of FY27, reporting a net profit after tax of ₹3.17 million for the three months ended June 30, 2026. This marks a significant reversal from the net loss of ₹48.27 million recorded in the corresponding quarter of FY26. The result signals an operational stabilization for the footwear manufacturer, which had faced margin pressures in the preceding periods.

Total income from operations remained relatively flat at ₹524.53 million in Q1FY27, compared to ₹526.03 million in Q1FY26. For the full year ended March 31, 2026, the company reported total income of ₹2,054.66 million against a net loss after tax of ₹127.39 million. The quarterly profit before tax, before exceptional items, stood at ₹4.24 million, up from a loss of ₹50.78 million in the same quarter last year.

Financial Performance Overview

The company’s earnings per equity share (basic) improved to ₹0.17 in Q1FY27, reversing a loss per share of ₹2.63 in Q1FY26. Diluted earnings per share mirrored this trend at ₹0.17. Equity share capital remained constant at ₹183.78 million across all reported periods.

Impact of New Labour Codes

A key factor influencing the financial comparison is the accounting treatment of new regulatory requirements. On November 21, 2025, the Government of India notified four Labour Codes consolidating 29 existing laws. Subsequently, on May 8, 2026, the Ministry of Labour & Employment notified the respective Central Rules.

The company assessed the incremental impact of these changes and, considering their materiality and non-recurring nature, presented such impacts as "Statutory impact of new Labour Codes" under "Exceptional items" in the audited financial results for the quarter and year ended March 31, 2026. This classification isolated the regulatory cost burden in FY26, allowing the Q1FY27 results to reflect underlying operational performance without similar exceptional drag.

Regulatory Compliance and Forward Outlook

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at a meeting held on August 5, 2026. The company published advertisements in "Mint" (English) and 'Aajkal' (Bengali) on August 6, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regarding future liabilities, the company noted that the West Bengal Labour Department has published draft rules for objections but has yet to finalize them. KSR Footwear continues to monitor the finalization of State Rules and government clarifications, stating it will provide appropriate accounting effects based on such developments. The full statement of unaudited financial results is available on the company’s website and the stock exchange portals.