Kuwer Industries Limited is not required to file the half-yearly report on Related Party Transactions for the period ended March 31, 2026, due to an exemption under SEBI regulations. The company communicated this to BSE Limited, citing Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which relaxes corporate governance requirements for certain listed entities. This exemption specifically relieves the company from the filing mandates prescribed under Regulation 23 of the regulations for the stated half-year period.

Regulatory Exemption Details

The applicability of the exemption is contingent upon the company's financial metrics as of the last day of the previous financial year. Under Regulation 15(2), the compliance with provisions regarding related party transactions and other corporate governance norms does not apply to listed entities meeting specific criteria. The company confirmed that it falls within the defined thresholds, thereby making the filing requirement inapplicable for the half year ended March 31, 2026.

Financial Thresholds for Exemption

The following table outlines the conditions specified in the regulation that allow for this exemption:

Future Compliance

Kuwer Industries Limited certified that it will comply with the requirements of Regulation 23(9) and other relevant provisions should the regulation become applicable to the company at a later date. The disclosure was signed by Ashish Sharma, Company Secretary & Compliance Officer, and submitted to the exchange on May 30, 2026.

Kuwer Industries Limited reported a net profit of ₹200.40 lakh for the financial year ended March 31, 2026, a significant increase from ₹45.56 lakh in the previous year. The company's revenue from operations rose to ₹7294.93 lakh for FY26, up from ₹5786.70 lakh in FY25. The Board of Directors approved the audited financial results during a meeting held on May 30, 2026.

Financial Performance

The total income for the year stood at ₹8191.73 lakh, compared to ₹5805.84 lakh in the prior year. For the quarter ended March 31, 2026, the company recorded a net profit of ₹159.61 lakh, reversing the net loss of ₹7.60 lakh reported in the same quarter of the previous year. Revenue for the quarter surged to ₹2974.48 lakh from ₹1359.79 lakh.

Operational Metrics

Total expenses for FY26 increased to ₹7971.54 lakh from ₹5771.66 lakh in the previous year. The cost of materials consumed was ₹6213.30 lakh, up from ₹5173.42 lakh. Finance costs decreased to ₹246.97 lakh from ₹263.10 lakh. The company’s basic earnings per share (EPS) for the year improved to ₹2.21 from ₹0.50 in the prior year.

Auditor's Report and Key Matters

M/s PVSP & Co., Statutory Auditors, issued an unmodified opinion on the audited financial results. However, the auditors flagged a Key Audit Matter regarding the sale of land and building situated at Noida during the financial year for a total consideration of ₹ 9 crore. The auditors noted that the Board executed this sale transaction without obtaining the requisite shareholder approval via Special Resolution as required under Section 180(1)(a) of the Companies Act, 2013, and Form MGT-14 was not filed.

Assets and Liabilities

The company's total assets as of March 31, 2026, stood at ₹7197.67 lakh, slightly higher than ₹7006.49 lakh in the previous year. Total equity increased to ₹1985.01 lakh from ₹1781.04 lakh. Borrowings rose, with non-current borrowings at ₹1391.40 lakh and current borrowings at ₹2184.85 lakh.