KSR Footwear Limited will hold its 3rd Annual General Meeting (AGM) on Monday, August 24, 2026, at 11:30 a.m. IST. The event will be conducted entirely through Video Conferencing (VC) or Other Audio Visual Means (OAVM), meaning there will be no physical presence of members at a common venue. This format ensures compliance with the Companies Act, 2013, SEBI Listing Regulations, and relevant Ministry of Corporate Affairs circulars. For shareholders, this virtual structure mandates that they must have registered email addresses to receive the Notice of the AGM and the Annual Report directly; those without registered emails will receive a separate letter containing a weblink to access these documents.

The Company has designated Monday, August 17, 2026, as the cut-off date for determining which members are eligible to vote on the resolutions presented in the Notice of the AGM or to attend the meeting itself. This deadline is critical for investors wishing to exercise their voting rights, as only those holding shares on record as of this date will be permitted to participate in the decision-making process.

Meeting Logistics and Compliance

The AGM proceedings are structured to adhere strictly to regulatory frameworks. The Notice of the AGM and the Annual Report, which includes financial statements and statutory reports for the financial year ended March 31, 2026, will be dispatched electronically. This digital distribution method aligns with current MCA and SEBI circulars promoting paperless corporate governance.

Shareholder Instructions

The Notice of the AGM will provide comprehensive instructions for shareholders to ensure smooth participation. Key details included in the notice will cover:

• Instructions for registering or updating email addresses with the Company, Depositories, or the Registrar & Share Transfer Agent (RTA), MUFG Intime India Private Limited.
• Technical guidelines for attending the AGM through VC or OAVM platforms.
• Procedures for casting votes via remote e-voting before the AGM and e-voting during the live session.

Regulation 36(1)(b) of the Listing Regulations mandates that the Company also sends a letter to members who do not have registered email IDs. This letter will provide the necessary weblink to access the AGM Notice and the Annual Report for the financial year 2025-26, ensuring that all shareholders, regardless of their digital registration status, have access to material information.

What the Numbers Show

The shift to a fully virtual AGM reflects broader industry trends toward digital engagement and operational efficiency. By eliminating physical venue requirements, KSR Footwear Limited reduces logistical overhead while expanding accessibility for geographically dispersed shareholders. The strict cut-off date of August 17, 2026, underscores the importance of timely shareholding records for voting eligibility, a standard practice that ensures the integrity of the democratic process within corporate governance. Shareholders should verify their contact details with their depositories or RTA well before the cut-off to avoid disenfranchisement.

KSR Footwear Limited reported a net loss of ₹48.27 million for the quarter ended June 30, 2025, marking its first standalone financial results following a significant corporate restructuring. The company generated revenue from operations of ₹520.61 million during the period. The absence of comparative figures in the filing has been clarified by management as a direct consequence of a demerger scheme sanctioned by the National Company Law Tribunal (NCLT), Kolkata Bench, which became effective on April 1, 2025. This structural change means no major business activity existed prior to the appointed date, rendering year-on-year comparisons inapplicable for this specific reporting window.

The National Stock Exchange of India Limited (NSE) had raised queries on July 17, 2026, regarding the interim audited financial statements submitted on November 27, 2025. In its response dated July 24, 2026, KSR Footwear addressed concerns about missing segment details and comparative data. The company stated that segment-wise reporting is not applicable as it operates solely in the footwear business. Furthermore, it confirmed that the financial results were submitted in machine-readable format and enclosed a high-resolution copy for record-keeping purposes.

Financial Performance Overview

For the quarter ended June 30, 2025, KSR Footwear’s total income stood at ₹526.03 million, comprising ₹520.61 million from operations and ₹5.42 million from other income. Total expenses amounted to ₹576.81 million, driven primarily by cost of materials consumed at ₹322.72 million and other expenses of ₹107.30 million. Employee benefits expense was recorded at ₹33.97 million, while finance costs totaled ₹8.87 million. Depreciation and amortization expense contributed ₹28.57 million to the total outflows. The company incurred a loss before tax of ₹50.78 million, which reduced to a net loss of ₹48.27 million after accounting for a deferred tax benefit of ₹2.51 million.

Balance Sheet and Cash Flow Position

As of June 30, 2025, the company’s total assets were valued at ₹2,061.95 million. Non-current assets included property, plant, and equipment worth ₹340.90 million and right-of-use assets of ₹332.19 million. Current assets totaled ₹732.94 million, dominated by financial assets of ₹472.36 million, which included trade receivables of ₹42.50 million and cash and cash equivalents of ₹40.62 million. On the liabilities side, total equity and liabilities matched the asset base at ₹2,061.95 million. Non-current borrowings stood at ₹358.17 million, while current financial liabilities included borrowings of ₹150.00 million and lease liabilities of ₹43.26 million.

Cash flow from operating activities generated a net inflow of ₹104.51 million, despite the operational loss. This positive cash generation was supported by an increase in trade payables and other liabilities by ₹84.86 million and a reduction in inventories contributing ₹71.28 million. However, investing activities consumed ₹51.77 million, largely due to investments in bank deposits of ₹146.30 million, partially offset by maturities of ₹96.88 million. Financing activities resulted in a net cash outflow of ₹20.95 million, primarily due to interest payments of ₹18.68 million.

What the Numbers Show

The most striking aspect of KSR Footwear’s debut quarter is the divergence between its accrual-based net loss and its robust operating cash flow. While the company reported a net loss of ₹48.27 million, it generated ₹104.51 million in cash from operations. This positive cash conversion is largely attributable to working capital management, specifically the extension of payment cycles to suppliers (trade payables increased significantly) and inventory drawdowns. Investors should note that this cash position is bolstered by the recent integration of Khadim India Limited’s distribution business, which may have altered the typical working capital dynamics of the footwear manufacturing segment. The absence of comparative data limits trend analysis, but the strong cash inflow suggests adequate liquidity to service its debt obligations, including ₹358.17 million in non-current borrowings.