KVS Castings FY26 net profit rises 7.1% to ₹705.36 lakh

KVS Castings Limited reported a 7.1% increase in net profit to ₹705.36 lakh for the financial year ended March 31, 2026, compared to ₹658.67 lakh in the previous year. Revenue from operations rose to ₹5,139.90 lakh from ₹5,010.94 lakh in FY25. The board approved the audited financial results for the half-year and full year ended March 31, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The board also approved the disclosure on related party transactions and recommended the adoption of the audited financial statements to the shareholders. The trading window for dealing in the company's securities remains closed until 48 hours after the declaration of the financial results. The statutory auditors, Arora Gupta & Co., issued an unmodified opinion on the financial results.

Financial Performance Summary

Particulars	Year Ended March 31, 2026 (₹ in Lakhs)	Year Ended March 31, 2025 (₹ in Lakhs)
Revenue from Operations	5,139.90	5,010.94
Total Income	5,143.01	5,043.22
Total Expenses	4,178.67	4,150.78
Profit Before Tax	964.35	892.44
Net Profit	705.36	658.67
Earnings Per Share (Basic)	4.34	4.78

The company's total assets increased to ₹10,142.86 lakh as of March 31, 2026, from ₹4,774.99 lakh in the previous year. This rise was primarily driven by an increase in property, plant, and equipment to ₹6,198.33 lakh. Shareholders' funds grew to ₹6,520.38 lakh, supported by a rise in share capital to ₹1,875.33 lakh following the company's Initial Public Offer in October 2025.

Operational Highlights

During the year, the company commissioned a new production facility, increasing its total installed production capacity to 19,200 Metric Tonnes per annum from 7,200 Metric Tonnes per annum. Commercial operations for the new facility commenced on March 02, 2026. The expansion was funded through the proceeds of the IPO, which raised a net amount of ₹2,373.93 lakh. As of March 31, 2026, the company had utilized ₹2,022.28 lakh of the IPO proceeds, with ₹351.65 lakh remaining unutilized and parked in a current account with Yes Bank Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-6.25%	-6.25%	-12.50%	-24.99%	-24.58%	-24.58%

KVS Castings Limited has successfully concluded its postal ballot process, with shareholders unanimously approving the re-appointment of Mr. Jaswinder Singh Ahluwalia (DIN: 03311764) as an Independent Director in the category of Non-Executive Director. The remote e-voting process concluded on Saturday, May 16, 2026, at 17:00 Hours (IST), and the resolution is deemed to have been passed on that date, being the last date specified for receipt of votes.

Re-appointment Details

The special resolution pertains to the re-appointment of Mr. Jaswinder Singh Ahluwalia for a 2nd term of 5 consecutive years, commencing from June 9, 2026 up to June 8, 2031. The Postal Ballot Notice was dated April 16, 2026, with the cut-off date for determining shareholder voting entitlement set at April 15, 2026. The e-voting window opened at 09:00 AM on Friday, April 17, 2026, and closed at 05:00 PM on Saturday, May 16, 2026.

Key details of the postal ballot process are summarised below:

Parameter:	Details
Postal Ballot Notice Date:	April 16, 2026
Cut-off Date:	April 15, 2026
E-voting Start:	09:00 AM, April 17, 2026
E-voting End:	05:00 PM, May 16, 2026
Resolution Deemed Passed On:	May 16, 2026
Director's DIN:	03311764
Term:	2nd term of 5 consecutive years
Tenure:	June 9, 2026 to June 8, 2031
Promoter/Promoter Group Interest:	No

Voting Results

The resolution received unanimous support from all participating shareholders. A total of 10 shareholders participated in the e-voting process, casting 1,33,13,124 votes, all in favour of the resolution. There were no votes against and no invalid votes recorded.

The following table presents the consolidated voting results as reported by the scrutinizer:

Particulars:	No. of Shareholders Voted	No. of Votes Cast (Shares)	% of Total Valid Votes
Voted in Favour:	10	1,33,13,124	100%
Voted Against:	0	0	Nil
Invalid Votes:	0	0	Nil

The category-wise breakdown of voting is detailed below:

Category:	Shares Held	Votes Polled	% Votes Polled	Votes in Favour
Promoter & Promoter Group:	1,33,07,124	1,33,07,124	100.00%	1,33,07,124
Public – Institutions:	54,46,200	6,000	0.11%	6,000
Public – Non Institutions:	0	0	0.00%	0
Total:	1,87,53,324	1,33,13,124	70.99%	1,33,13,124

Scrutinizer's Report

CS Nishi Sethi Tandon, Practicing Company Secretary (Membership No.: A44170, COP No.: 26395), Proprietor of M/s. Nishi & Associates, was appointed as Scrutinizer by the Board of Directors at its meeting held on April 15, 2026. The scrutinizer confirmed that the e-voting data was downloaded from the NSDL e-voting website on May 16, 2026, at around 06:30 PM, in the presence of two independent witnesses, Mr. Arham Bhardwaj and Mr. Harjeet Singh, neither of whom is in the employment of the Company.

Based on the scrutinizer's report, the special resolution for the re-appointment of Mr. Jaswinder Singh Ahluwalia has been passed with requisite majority. The voting results and scrutinizer's report have been disclosed on the Company's website at https://kvscastings.com/ and on the NSDL e-voting platform. The Postal Ballot Notice was also publicly advertised in The Pioneer (English Edition) and The Shah Times (Hindi Edition) on Thursday, April 16, 2026, newspapers widely circulated in the District of Udham Singh Nagar, Uttarakhand.