Sakam Trading Private Limited has declared that it and other persons acting in concert have not created any encumbrance on the shares of Kriti Industries (India) Limited during the financial year ended March 31, 2026. The disclosure was made to the stock exchanges pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration confirms that no shares have been pledged or otherwise encumbered directly or indirectly during the specified period, other than those already disclosed.

The filing notes an exception regarding shares held by Kriti Nutrients Limited, a person acting in concert with the promoter. These shares are subject to a lock-in period resulting from a preferential issue conducted by Kriti Industries (India) Limited. The restriction is in accordance with Regulation 167 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, which limits the free and marketable title of these securities.

Lock-in Details

The specific details of the locked-in shares held by Kriti Nutrients Limited are outlined below:

Promoter Group Details

The declaration was submitted by Shiv Singh Mehta, Director of Sakam Trading Private Limited. The list of promoters and persons acting in concert associated with the entity includes Sakam Trading Private Limited, Shiv Singh Mehta, Purnima Mehta, Saurabh Mehta, Devki Mehta, and Kriti Nutrients Limited.

Kriti Industries (India) Limited held its Q4 & FY26 Earnings Conference Call on May 6, 2026, with Chairman and Managing Director Mr. Shiv Singh Mehta and Chief Financial Officer Mr. Rajesh Sisodia presenting the financial and operational highlights to investors and analysts. The call reflected a notable recovery in the fourth quarter after a challenging first nine months of the fiscal year, driven by improved EBITDA performance and a return to profitability at both the quarterly and annual levels.

Q4 FY26 Financial Performance

The company delivered a strong quarterly turnaround, with revenue, margins, and profitability all improving significantly on a year-on-year basis. The following table summarises the key financial metrics for Q4 FY26:

The EBITDA margin expansion of 1,276 basis points on a year-on-year basis was particularly notable, reflecting improved operational efficiency and inventory dynamics in the quarter.

Full Year FY26 Financial Performance

Despite a challenging year marked by heavy rains in the company's key areas of operation and volatility in petrochemical prices, Kriti Industries managed to improve profitability metrics on an annual basis even as revenues declined. The full-year financial highlights are presented below:

Volume Performance Across Segments

The company's total sales volume for Q4 FY26 stood at 13,577 metric tons. While the agriculture and building product segments posted volume growth in the quarter, the industrial segment saw a steep decline. The full-year volumes, however, reflected the broader challenges faced during the first nine months of FY26.

Q4 FY26 Segment Volumes:

Full Year FY26 Segment Volumes:

Operational and Strategic Highlights

During the call, management addressed several operational and strategic aspects of the business. On raw material sourcing, the company noted that it procures PVC resin through a combination of local purchases and imports. Management also noted that the Government of India had withdrawn import duty on PVC and other polymers until July 1, in response to market disruptions linked to geopolitical developments.

On the competitive landscape, management indicated that the branded and organised segment continues to gain ground over the unorganised sector. The company holds a leading market position in Madhya Pradesh, a significant share in Rajasthan, and is in a development stage in Maharashtra with a sub-10% market share. The company's dealer network currently stands at approximately 400 dealers, with presence well-entrenched in Madhya Pradesh, Rajasthan, and Maharashtra, and expansion ongoing in newer territories.

Regarding capital expenditure, management stated that CAPEX plans are currently on hold, with a decision on further expansion — including a potential second manufacturing plant — to be taken after assessing the first two quarters of the current fiscal year. On the product side, the company confirmed that CPVC capacity expansion is underway, given the better margins the segment offers, while OPVC is not currently on the agenda. Trade receivables declined to ₹28 crores from ₹48 crores, which management attributed to a reduction in institutional sales during Q4 FY26.

Management Commentary

Mr. Shiv Singh Mehta noted that the first nine months of FY26 were challenging due to heavy rainfall in the company's areas of operation and significant volatility in petrochemical prices stemming from geopolitical developments. He indicated that demand for agriculture and building products, which had been impacted by the sharp rise in raw material and finished goods prices, has since normalised to near-average levels. Management also reiterated its focus on building products as a key growth driver, citing better margins (14%–18%) compared to the agriculture segment (8%–10%), and expressed confidence in achieving substantial volume growth in FY27 on the back of a lower base from FY26.