Kush Industries Limited approved the relocation of its registered office from Ankleshwar to Ahmedabad during its 34th Annual General Meeting (AGM) held on September 28, 2026. The move, effective October 5, 2026, was ratified by shareholders through a special resolution.

The meeting, conducted via Video Conferencing and Other Audio-Visual Means (VC/OAVM), also saw the adoption of audited financial statements for FY26 and the re-appointment of Chairman Mansukhlal K. Virani. No qualifications were reported by the statutory or secretarial auditors in their respective reports.

Voting results and resolution details

Shareholders voted on four primary agenda items. The most significant operational change involves the corporate address update, while governance matters included director re-appointment and auditor engagement. According to the scrutineer's report, all four resolutions were passed with 100% votes in favor and zero dissent.

Governance and compliance details

The AGM commenced at 3:00 pm and concluded at 3:14 pm IST. Mr. Mansukhlal M. Virani chaired the session, with directors Ms. Kiran M. Virani, Mr. Vivek R. Singhal, and Mr. Hiren B. Hirpara in attendance. The company utilized the CDSL platform for remote e-voting, which remained open from September 25 to September 27, 2026.

Mr. Kashyap R. Mehta, a practising company secretary, served as the scrutineer for the voting process. The results of the e-voting, along with the scrutinizer's report, were declared on September 28, 2026. A total of 67,28,124 shares were voted upon, representing approximately 44.12% of the company's total outstanding shares of 15,250,000.

Kush Industries Limited has submitted the notice for its 34th Annual General Meeting (AGM) alongside its annual report for FY26, revealing a net loss of ₹4.91 lakh for the financial year ended March 31, 2026. This represents a marginal improvement over the ₹5.21 lakh net loss reported in FY25, as revenue from operations contracted sharply to ₹0.24 lakh from ₹0.92 lakh in the prior year. The meeting is scheduled for September 28, 2026, via video conferencing, where shareholders will vote on critical corporate actions including the relocation of the registered office and the appointment of new secretarial auditors.

The filing, submitted to BSE Limited on August 12, 2026, pursuant to Regulation 30 and 34(1)(a) of the SEBI (LODR) Regulations, 2015, outlines two special business items. Shareholders are asked to approve the appointment of M/s. Kashyap R. Mehta & Partners as Secretarial Auditors for a term of five consecutive years, from FY27 to FY31, at a proposed fee of ₹50,000 plus taxes for FY27. Additionally, a special resolution seeks consent to shift the company’s registered office from Ankleshwar to Ahmedabad, effective October 5, 2026, citing administrative convenience and cost reduction.

Financial Performance

The company’s financial results for FY26 highlight a continued reliance on non-operational income amidst negligible trading activity. While revenue from operations fell by approximately 74% to ₹0.24 lakh, other income remained robust at ₹9.58 lakh, compared to ₹8.98 lakh in FY25. Total income stood at ₹9.82 lakh against total expenses of ₹14.73 lakh.

Cash and cash equivalents declined significantly to ₹15.64 lakh from ₹52.04 lakh in the previous year, reflecting cash outflows from operations. Borrowings decreased to ₹892.50 lakh from ₹942.50 lakh, indicating some repayment of inter-corporate deposits.

Corporate Governance and Compliance

The Board of Directors, comprising Chairman Mansukh K. Virani, Director Kiran M. Virani, and Independent Directors Vivek Singhal and Hiren B. Hirpara, met four times during FY26. Mr. Mansukhlal K. Virani retires by rotation and offers himself for reappointment. The statutory auditors, M/s. P S S P & Co., confirmed that the financial statements give a true and fair view of the company’s state of affairs. However, they noted that documentary evidence regarding Independent Director Vivek Singhal’s compliance with the Online Proficiency Self-Assessment Test was not available.

What the Numbers Show

The divergence between declining operational revenue and stable other income underscores the company’s current lack of core business traction. With revenue from operations dropping to near-zero levels, the slight narrowing of the net loss is primarily attributable to controlled expenses rather than operational growth. The substantial decline in cash reserves, coupled with high borrowings relative to equity, suggests limited liquidity buffers for future expansion without external capital or improved operational performance.