KSR Footwear promoter declares no encumbrance on shares for FY26

1 min read Updated on 17 Jun 2026, 03:46 AM

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Shriram SScanX News Team

AI Summary

Promoter Siddhartha Roy Burman declared that neither he nor the promoter group members have encumbered their equity shares in KSR Footwear Limited during the financial year ended March 31, 2026. The disclosure was submitted to stock exchanges under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration covers four entities, including the promoter and three members of the promoter group.

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Promoter Siddhartha Roy Burman has declared that neither he nor the members of the promoter group have encumbered their equity shares in KSR Footwear Limited during the financial year ended March 31, 2026. The disclosure, submitted to the stock exchanges, confirms that no shares were pledged directly or indirectly by the promoter group throughout the fiscal year.

The declaration was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance on shares held by them or persons acting in concert. The filing confirms that the promoter group's shareholding remains free of such charges as of the end of FY26.

The disclosure covers the promoter and three other entities classified under the promoter group. The list includes individuals and a private limited company associated with the promoters.

Sl. No.	Name	Category
1.	Tanusree Roy Burman	Promoter Group
2.	Rittick Roy Burman
3.	Siddhartha Roy Burman Family Trust
4.	Khadim Development Company Private Limited	Promoter

The letter was addressed to the BSE Limited and the National Stock Exchange of India Limited, requesting that the declaration be placed on their records. The communication was signed by Siddhartha Roy Burman on behalf of the promoter and members of the promoter group of KSR Footwear Limited.

Historical Stock Returns for KSR Footwear

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.48%	-3.84%	-1.22%	+115.20%	-2.20%	-2.20%

Will the promoter group maintain this unpledged status in FY27 to support potential expansion plans?

How does this zero-encumbrance position impact KSR Footwear's credit rating and borrowing costs?

Could the clean shareholding structure signal an upcoming strategic acquisition or capital raise?

Financial Performance Overview

For the quarter ended March 31, 2026, the company recorded a net profit of Rs. 50.65 million, a significant turnaround from the net loss of Rs. 45.99 million reported in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at Rs. 602.86 million, up from Rs. 552.88 million in the same period last year.

For the full financial year ended March 31, 2026, KSR Footwear reported a net loss of Rs. 127.39 million, an improvement over the net loss of Rs. 143.09 million in the previous year. Total revenue for the year was Rs. 2,054.66 million, slightly lower than the Rs. 2,062.20 million recorded in FY25. The company noted that the comparative figures have been restated to reflect the Scheme of Arrangement with Khadim India Limited, which became effective on May 1, 2025.

Key Financial Metrics

The following table summarizes the key financial figures for the reported periods:

Particulars	Q4 FY26 (Rs. In Millions)	Q4 FY25 (Rs. In Millions)	FY26 (Rs. In Millions)	FY25 (Rs. In Millions)
Revenue From Operations	602.86	552.88	1,999.46	2,057.07
Total Income	603.79	554.04	2,054.66	2,062.20
Total Expenses	596.39	602.28	2,218.15	2,212.34
Profit/(Loss) for the period	50.65	(45.99)	(127.39)	(143.09)
Earnings Per Share (Basic)	2.76	(2.51)	(6.93)	(7.79)

Operational and Regulatory Details

The statutory auditors, M/s. Agarwal & Associates, issued an unmodified opinion on the audited standalone financial results. The financial statements were prepared in compliance with Ind AS and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company reported an exceptional item of Rs. 5.05 million for the year ended March 31, 2026, attributed to the statutory impact of new Labour Codes. This expense relates to the incremental impact on gratuity and leave encashment benefits due to changes in wage definitions. The Board also took note of the Scheme of Arrangement, under which Khadim India Limited demerged its distribution business into KSR Footwear effective from the appointed date of April 1, 2025.

Historical Stock Returns for KSR Footwear

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.48%	-3.84%	-1.22%	+115.20%	-2.20%	-2.20%

How will the integration of Khadim India's demerged distribution business impact KSR Footwear's revenue trajectory and path to full-year profitability in FY27?

What strategic initiatives is KSR Footwear planning to address the persistent full-year net loss and close the gap between total expenses and revenue from operations?

How might the implementation of new Labour Codes continue to affect KSR Footwear's cost structure and employee benefit obligations in the coming fiscal years?