KSR Footwear held its third annual general meeting on August 24, 2026. The gathering addressed ordinary business items including the approval of financial results for the fiscal year ended March 31, 2026.

The meeting commenced at 11:30 am via video conferencing in compliance with SEBI Listing Regulations and the Companies Act, 2013. Chairman Suman Barman Roy presided over the proceedings, which included participation from key managerial personnel and committee chairpersons.

Key Resolutions

Shareholders passed two ordinary resolutions during the session:

• Adoption of the audited financial statements for FY26 along with the Board of Directors’ and Auditors’ reports.
• Re-appointment of Mr. Rittick Roy Burman (DIN: 08537366), who retires by rotation.

Governance and Participation

A total of 106 members attended the meeting. Seventeen registered speakers raised queries regarding the company’s performance and operations. Management provided clarifications to satisfy shareholder concerns.

Remote e-voting was facilitated by National Securities Depository Limited (NSDL) from August 21 to August 23, 2026. Voting continued for 15 minutes after the meeting concluded to allow additional participation.

Audit Observations

The statutory auditors, M/s. Agarwal & Associates, Chartered Accountants, issued a report on the financial statements without any qualifications, reservations, adverse comments, or disclaimers. This clean audit opinion was accepted by the members.

The scrutinizer’s report confirmed that all resolutions received the requisite majority. The final voting 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.