NK Industries Issues Corrigendum for Company Secretary Appointment Disclosure

NK Industries Ltd. has issued a corrigendum to correct inadvertent errors in its earlier disclosure regarding the appointment of Ms. Ashna Harishkumar Pahwa as Company Secretary and Compliance Officer. The appointment, which remains effective from March 13, 2026, was originally announced following the Board of Directors meeting held on the same date.

Corrigendum Details

The company submitted the corrected disclosure on March 16, 2026, addressing errors found in Annexure A of the original intimation. The corrections were necessary due to administrative oversights in the initial filing with stock exchanges.

Error Type:	Original Error	Correction
Designation Heading:	Listed as "Directors"	Corrected to "Company Secretary and Compliance Officer"
Reason for Appointment:	Incorrectly stated	Updated to reflect casual vacancy due to previous CS resignation
Filing Date:	March 13, 2026	Corrigendum filed March 16, 2026

Appointment Confirmation

The company emphasized that there is no change to the actual appointment or effective date of Ms. Pahwa's designation. The corrections are limited solely to the administrative details provided in the regulatory disclosure.

Parameter:	Details
Name:	Ashna Harishkumar Pahwa
Membership Number:	A56002
Qualification:	Qualified Company Secretary, B.COM, LLB
Appointment Date:	March 13, 2026
Reason:	Fill casual vacancy due to previous CS resignation

Regulatory Compliance

The corrected disclosure was submitted to both National Stock Exchange of India Limited (Company Code: NKIND) and BSE Limited (Company Code: 519494) in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015. The revised Annexure A contains accurate details as required under the regulations and SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The corrigendum was signed by Hasmukhbhai Kacharabhai Patel, Whole Time Director (DIN: 06587284), ensuring proper authorization for the corrected filing. NK Industries operates from its registered office at 7th Floor, Popular House, Ashram Road, Ahmedabad - 380 009, with manufacturing facilities at Kadi-Thor road, Kadi.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+6.17%	+2.61%	+2.68%	-12.20%	+4.29%	+197.72%

N.K. Industries Ltd. has announced its financial results for the third quarter and nine months ended December 31, 2025, revealing continued losses across both standalone and consolidated operations. The company's performance reflects ongoing operational challenges amid various legal proceedings.

Standalone Financial Performance

The company's standalone operations showed deteriorating performance in Q3 FY26. Total income remained flat at ₹73.38 lakhs compared to ₹71.17 lakhs in Q3 FY25, with net sales maintaining ₹60.00 lakhs across all reported quarters.

Metric	Q3 FY26	Q3 FY25	Change
Total Income	₹73.38 lakhs	₹71.17 lakhs	+3.1%
Net Loss	₹69.55 lakhs	₹14.56 lakhs	+377.8%
Loss Before Tax	₹62.40 lakhs	₹13.69 lakhs	+355.7%
Basic EPS	₹(1.16)	₹(0.24)	-383.3%

For the nine-month period ended December 31, 2025, the company reported a net loss of ₹238.73 lakhs compared to ₹54.10 lakhs in the corresponding period of FY25, representing a significant deterioration of 341.2%.

Consolidated Results Show Deeper Losses

The consolidated financial results, which include three wholly-owned subsidiaries, presented an even more challenging picture. The consolidated net loss for Q3 FY26 reached ₹80.85 lakhs, substantially higher than the ₹42.61 lakhs loss recorded in Q3 FY25.

Parameter	Q3 FY26	Q3 FY25	Nine Months FY26	Nine Months FY25
Total Income	₹271.27 lakhs	₹385.38 lakhs	₹1,020.88 lakhs	₹1,222.99 lakhs
Net Loss	₹80.85 lakhs	₹42.61 lakhs	₹352.97 lakhs	₹89.07 lakhs
Basic EPS	₹(1.35)	₹(0.71)	₹(5.87)	₹(1.48)

Consolidated total income declined to ₹271.27 lakhs in Q3 FY26 from ₹385.38 lakhs in Q3 FY25, reflecting reduced operational activity across the group.

Expense Structure and Operational Metrics

On a standalone basis, the company's expense structure showed significant variations. Other expenses increased substantially to ₹65.00 lakhs in Q3 FY26 from ₹10.47 lakhs in Q3 FY25. Employee benefits expenses rose to ₹11.28 lakhs from ₹9.36 lakhs, while depreciation remained relatively stable at ₹59.46 lakhs compared to ₹64.49 lakhs in the previous year.

The company maintained a paid-up equity share capital of ₹600.99 lakhs throughout all reported periods, with shares having a face value of ₹10 each.

Legal and Regulatory Challenges

The auditor's report contains qualifications related to ongoing legal proceedings involving National Spot Exchange Limited (NSEL) transactions from financial year 2012-13. The company faces multiple enforcement actions:

NSEL has filed recovery proceedings for approximately ₹937 crores plus interest
Maharashtra government has attached company assets under the MPID Act, 1999
Directorate of Enforcement proceedings under the Prevention of Money Laundering Act, 2002
Criminal proceedings under various sections of IPC and MPID Act

The auditors noted that due to these pending matters being sub-judice, they were unable to quantify the final liability and its potential impact on the company's financial position.

Going Concern Considerations

Despite accumulated losses of ₹35,485.95 lakhs as of December 31, 2025, and negative net worth, the financial statements have been prepared on a going concern basis. Management has submitted business plans and cash flow projections indicating confidence in business revival and recovery through improved profitability in the foreseeable future.