NK Industries Ltd. has announced the appointment of Ms. Ashna Harishkumar Pahwa as Company Secretary and Compliance Officer, effective March 13, 2026. The appointment was formalized during the Board of Directors meeting held on the same date, following the recommendation of the company's Nomination & Remuneration Committee.

Board Meeting Details

The Board of Directors meeting that approved this appointment took place on March 13, 2026, commencing at 3:30 P.M. and concluding at 5:00 P.M. The decision was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointee Profile

Ms. Pahwa brings valuable expertise to her new role, with experience spanning multiple areas of corporate governance:

• Corporate laws and legal compliance
• Secretarial compliance and regulatory frameworks
• Corporate governance practices
• Regulatory matters and oversight

Regulatory Compliance

The appointment notification was submitted to both the National Stock Exchange of India Limited (Company Code: NKIND) and BSE Limited (Company Code: 519494) in accordance with regulatory requirements. The disclosure follows the guidelines specified in SEBI Circular No. CIR/CFO/CMD/4/2015 dated September 09, 2015.

Company Information

NK Industries Ltd. operates from its registered office located at 7th Floor, Popular House, Ashram Road, Ahmedabad - 380 009, with manufacturing facilities at 745, Kadi-Thor road, Kadi - 382 715, Dist. Mehsana. The company's CIN number is L91110GJ1987PLC009905.

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.

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.

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.