Neelkanth Limited reported a net profit of ₹24.75 lakh for the financial year ended March 31, 2026, a significant increase from ₹0.77 lakh in the prior year, despite a decline in operational revenue. The company's revenue from operations fell to ₹327.99 lakh in FY26 from ₹494.08 lakh in FY25. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026.

The statutory auditors, Pathak H. D. & Associates LLP, issued an unmodified opinion on the audited financial results. The total income for the year stood at ₹387.68 lakh, down from ₹495.22 lakh in the previous year. Total expenses for FY26 were reported at ₹344.52 lakh, compared to ₹494.45 lakh in FY25. The company’s basic and diluted earnings per share (EPS) for the year increased to ₹0.57 from ₹0.02 in the previous year.

Financial Performance

The company's financial results for the quarter ended March 31, 2026, showed a net loss of ₹16.97 lakh, contrasting with a profit of ₹22.86 lakh in the same quarter of the previous year. Revenue from operations for the quarter was nil, while other income was recorded at ₹2.98 lakh. Total expenses for the quarter were ₹13.24 lakh.

The following table summarizes the audited financial results for the year ended March 31, 2026:

Balance Sheet and Cash Flows

The company's total assets as of March 31, 2026, stood at ₹1,099.21 lakh, slightly up from ₹1,011.39 lakh in the previous year. Equity share capital remained constant at ₹435.90 lakh. Total equity increased to ₹983.86 lakh from ₹959.10 lakh. The cash and cash equivalents balance decreased significantly to ₹0.25 lakh from ₹18.38 lakh at the end of the previous year.

The net cash flow from operating activities for the year was negative at ₹34.53 lakh, compared to a positive inflow of ₹84.01 lakh in FY25. The company generated ₹20.00 lakh from investing activities, primarily from the sale of property, plant, and equipment. Financing activities resulted in a net outflow of ₹3.60 lakh.

Segment Reporting

Neelkanth Limited operates in two business segments: Agro products (trading of rice) and Others. The Agro segment reported revenue of ₹327.99 lakh for the year, contributing to the total segment revenue. The segment reported a profit before tax and interest of ₹39.36 lakh. The 'Others' segment recorded no revenue or activity during the year. Assets and liabilities that could not be allocated to specific segments were reported as unallocable.

Neelkanth Limited has appointed Bhavik Bhimjyani as its Chairman & Managing Director following approval from shareholders through a postal ballot. The company also appointed Devidas Jayram Shejul as an Independent Director and approved amendments to its Articles of Association. The resolutions were passed with the requisite majority during the remote e-voting period which ended on May 27, 2026.

The postal ballot sought shareholder approval on three key resolutions. The first was a special resolution to amend the Articles of Association of the Company. The second special resolution concerned the appointment of Mr. Devidas Jayram Shejul (DIN: 10868647) as an Independent Director. The third was an ordinary resolution to appoint Mr. Bhavik Bhimjyani (DIN: 00160121) as Chairman & Managing Director.

The remote e-voting period commenced at 9:00 a.m. IST on April 28, 2026, and concluded at 5:00 p.m. IST on May 27, 2026. A total of 3,156,558 votes were cast in favour of the resolutions, representing 99.9997% of the total votes polled. Only 11 votes were cast against the resolutions. The scrutinizer's report confirmed that all resolutions were passed with the requisite consent.

Voting Results Summary

The scrutinizer for the postal ballot process was Hemanshu R. Upadhyay, Proprietor of M/s. HRU & Associates, Practicing Company Secretaries. The detailed voting results and the scrutinizer's report are available on the company's website and the National Securities Depositories Limited e-voting portal.