Neelkanth has appointed Umang Bhanushali as Company Secretary and Compliance Officer. The appointment takes effect from September 15, 2026.

The Board of Directors approved the decision at its meeting held on Tuesday, September 15, 2026. The Nomination and Remuneration Committee recommended the appointment.

Appointment Details

Mr. Bhanushali is an Associate Member of the Institute of Company Secretaries of India (ICSI). He holds a Bachelor's Degree in Commerce from the University of Mumbai.

His profile highlights proficiency in corporate governance and regulatory compliance. He focuses on strengthening compliance frameworks and enhancing governance standards.

The company issued the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references SEBI Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026.

Neelkanth Limited reported a net profit of ₹24.76 lakh for the financial year ended March 31, 2026, marking a substantial increase from ₹0.77 lakh in the previous year.

The company filed its annual report with the Bombay Stock Exchange (BSE) on August 28, 2026, disclosing audited financial statements prepared in accordance with Indian Accounting Standards (Ind AS). The results reflect a shift in revenue composition and significant changes in the board of directors during the fiscal year.

Financial Performance

Revenue from operations declined to ₹327.99 lakh in FY26, down from ₹494.08 lakh in FY25. Despite the drop in operating revenue, total income stood at ₹387.68 lakh, supported by a surge in other income.

Other income jumped to ₹59.69 lakh from ₹1.14 lakh in the prior year, primarily driven by interest income of ₹53.56 lakh and a profit of ₹3.44 lakh on the sale of property, plant, and equipment. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose sharply to ₹65.39 lakh from ₹16.48 lakh.

What the Numbers Show

The divergence between declining operating revenue and surging net profit highlights a heavy reliance on non-operating gains. Other income constituted approximately 15.4% of total income in FY26, up from just 0.2% in FY25. While operational profitability improved with an EBITDA margin expansion, the bottom-line growth was disproportionately driven by interest receipts and asset sales rather than core trading activities.

Balance Sheet and Cash Flow

Total assets increased to ₹1,099.21 lakh from ₹1,011.39 lakh in FY25. This growth was largely fueled by a rise in inventories, which climbed to ₹856.23 lakh from ₹167.73 lakh, indicating a buildup of stock-in-trade.

Trade receivables decreased significantly to ₹86.75 lakh from ₹160.14 lakh, suggesting improved collection efficiency or lower credit sales volume. Cash and cash equivalents dropped to ₹0.25 lakh from ₹18.38 lakh, reflecting working capital deployment. Total borrowings stood at ₹39.00 lakh, comprising non-current borrowings of ₹31.25 lakh and current maturities of ₹7.75 lakh.

Corporate Developments

Neelkanth Limited underwent significant leadership changes during FY26. Bhavik Bhimjyani was appointed as Chairman & Managing Director effective April 21, 2026, succeeding Yogesh Dawda, who resigned from the role. Devidas Jayram Shejul joined the board as an Independent Director in March 2026, while Yogesh Thakker resigned from the same position.

The company did not declare any dividend for FY26. The 46th Annual General Meeting is scheduled for September 21, 2026, where shareholders will consider the re-appointment of Mrs. Asha Dawda as a director.