nb footwear has scheduled a board meeting for June 16, 2026, to consider shifting its registered office from Chennai to Kolkata. The proposal aims to relocate the registered office from its current address at II Flr 3A, MGR Street, Thanthai Periyar Nagar, TTTI Taramani, Chennai – 600 113, to SP no 50/51, 1st Floor, Jodhpur Gardens, Ward no3, Kolkata-700045. This move is subject to the approval of shareholders and other statutory authorities.

Agenda Details

The meeting, to be held at 3 PM at the company's registered office, will also address the establishment of a corporate office at the proposed Kolkata location. This office will function as the corporate office until the shifting of the registered office is approved by the respective authorities. Additionally, the board will consider keeping the books of account of the company at the proposed corporate office in Kolkata.

Key Proposals

The intimation was submitted to BSE Limited pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Subramaniam Krishnan, Company Secretary, signed the disclosure on behalf of NB Footwear Limited.

NB Footwear Limited reported a net loss of ₹16.87 lakh for the financial year ended March 31, 2026, as the company continued to record zero revenue from operations. The footwear manufacturer's total expenses for the year reduced to ₹16.87 lakh from ₹22.87 lakh in the previous fiscal year, primarily driven by lower employee benefit costs and other expenses. The company’s paid-up equity share capital remained unchanged at ₹1350 lakh during the period under review.

The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, during a meeting held on May 27, 2026. The Audit Committee had previously reviewed these results. K. Gopal Rao & Co., Chartered Accountants, audited the financial results and issued an unqualified opinion. The statutory auditors confirmed that the results were prepared in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Indian Accounting Standards.

For the quarter ended March 31, 2026, the company reported a net loss of ₹2.28 lakh, a reduction from the net loss of ₹7.38 lakh recorded in the corresponding quarter of the previous year. Total expenses for the quarter stood at ₹2.28 lakh, down from ₹7.38 lakh in Q4FY25. The company stated that it does not have any reportable business segments as it did not generate revenue from operations during the year ended March 31, 2026, or the prior year.

The earnings per share (EPS) for FY26 was reported at a loss of ₹0.12, compared to a loss of ₹0.17 in FY25. For the quarter ended March 31, 2026, the EPS stood at a loss of ₹0.02. The statement of assets and liabilities as of March 31, 2026, showed total assets of ₹0.56 lakh, comprising entirely of current assets. Total equity and liabilities amounted to ₹0.56 lakh, with equity share capital at ₹1450 lakh and reserves reflecting a negative balance of ₹1625.95 lakh.

The cash flow statement for FY26 indicated a net increase in cash and cash equivalents of ₹0.05 lakh, bringing the closing balance to ₹0.06 lakh. Cash generated from operations was ₹16.92 lakh, while net cash from operating activities after adjustments was ₹0.05 lakh. There were no cash flows from investing or financing activities during the year. The company operates exclusively in India.