KSR Footwear Limited has completed the dispatch of its Annual Report for the financial year ended March 31, 2026 (FY26), along with the notice convening its third Annual General Meeting (AGM). The company published advertisements in ‘Mint’ and ‘Aajkal’ on August 03, 2026, to inform shareholders of the statutory communication under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The AGM is scheduled for Monday, August 24, 2026, at 11:30 a.m. IST, conducted exclusively via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). This update ensures shareholders can vote on key governance matters, including the re-appointment of the Managing Director, while accessing the company’s latest financial performance data.

The primary agenda item is the re-appointment of Mr. Rittick Roy Burman as a Director. Mr. Burman retires by rotation and has offered himself for re-election. He currently serves as the Managing Director, a role he assumed effective April 16, 2025, for a term of three consecutive years. Shareholders holding shares as of the cut-off date, Monday, August 17, 2026, are eligible to vote. The company has enabled remote e-voting facilities through National Securities Depository Limited (NSDL). The voting window opens at 9:00 a.m. IST on Friday, August 21, 2026, and closes at 5:00 p.m. IST on Sunday, August 23, 2026.

Director Re-Appointment Details

Mr. Rittick Roy Burman, a member of the promoter group, brings over nine years of experience in the footwear industry, with expertise in operations, manufacturing, and retailing. He also serves as the Managing Director of Khadim India Limited. Notably, Mr. Burman has voluntarily opted to work without remuneration until the company’s business is fully revived. His last drawn remuneration, as per the audited balance sheet dated March 31, 2026, was nil. This decision reflects management’s focus on stabilizing operations before resuming standard compensation structures. He attended all eight board meetings held during FY26.

Meeting Logistics and Shareholder Instructions

Shareholders must register their email addresses with their Depository Participants (DPs) or the Registrar & Share Transfer Agent, MUFG Intime India Private Limited, to receive the AGM notice and annual report electronically. For those without registered emails, a physical letter containing a weblink to access documents was sent pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The facility for appointing proxies is not available for this VC/OAVM meeting.

Members wishing to speak or ask questions must register between August 10, 2026, and August 17, 2026, by emailing compliance@ksrfootwear.com . The company reserves the right to limit the number of speakers and questions to ensure smooth conduct. Additionally, all dividend payments will be made electronically only, as per SEBI mandates, requiring shareholders to update their bank details with their DPs. Mr. A.K. Labh of M/s. A.K. Labh & Co., Company Secretaries, Kolkata, has been appointed as the scrutinizer for the e-voting process.

KSR Footwear reported a loss after tax of ₹127.39 million for FY26, marking a 10.97% decline from the ₹143.09 million loss recorded in FY25. The company’s revenue from operations fell 2.80% year-on-year to ₹1,999.46 million, driven by muted consumer demand and input cost pressures in the mass footwear segment. Despite the revenue contraction, the narrowing net loss indicates some operational stabilization following the demerger from Khadim India Limited.

The financial results were filed with BSE Limited and National Stock Exchange of India Limited on August 02, 2026, pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The figures are restated to reflect the Scheme of Arrangement effective April 01, 2025, which transferred Khadim India Limited’s distribution business into KSR Footwear. No dividend was declared for the year due to the accumulated losses.

Financial Performance

Operating EBITDA swung to a loss of ₹88.56 million in FY26, compared to a positive EBITDA of ₹14.00 million in the prior year. This reversal caused the operating EBITDA margin to decline to -4.43% from 0.68%. Loss before tax increased by 12.25% to ₹168.54 million, up from ₹150.14 million in FY25. The divergence between the widening pre-tax loss and the narrowing post-tax loss suggests favorable tax adjustments or non-operating income contributions, though specific tax rate details were not disclosed.

Operational Updates

As of March 31, 2026, KSR Footwear maintained a network of 791 distributors across India, with a strong presence in eastern regions. The company shifted its distribution center from Serampore to Panpur to reduce rent and logistics costs. Management also streamlined workforce allocation and executed strategic inventory reductions to improve working capital efficiency. A digital product catalogue was introduced to enhance engagement with channel partners.

What the Numbers Show

The most critical insight from the FY26 results is the deterioration in operating profitability despite a slight improvement in the bottom line. The swing from positive EBITDA to an ₹88.56 million operating loss indicates that core business margins were squeezed, likely due to raw material price fluctuations and competitive pricing pressures in the mass market segment. While the net loss narrowed, this was not driven by operational turnaround but rather by factors below the operating level, highlighting that the fundamental challenge remains restoring operating cash flows and margin stability.