Sethi Funds Management Private Limited, a promoter group entity, has increased its stake in kcp sugar & industries by acquiring 50,000 equity shares from the open market. The transactions, executed on June 2 and June 3, 2026, represent 0.04% of the total issued and paid-up share capital of the company. This disclosure was made to the stock exchanges pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The acquisition details indicate that the acquirer purchased 30,000 shares on June 2, 2026, followed by an additional 20,000 shares on June 3, 2026. Prior to these transactions, Sethi Funds Management Private Limited held 2,95,000 shares, accounting for 0.26% of the company's voting rights. The purchases have raised the total holding to 3,45,000 shares, which now constitutes 0.30% of the total voting capital.

The total equity share capital of K.C.P. Sugar and Industries Corporation Limited remains at 11,33,85,050 equity shares of Re 1 each. The diluted share capital also stands unchanged at 11,33,85,050 shares. The acquirer confirmed that there were no changes in holdings of warrants, convertible securities, or encumbered shares during this period.

Acquisition Breakdown

The filing, signed by Director Vinod R. Sethi, was submitted to BSE Limited and the National Stock Exchange of India Limited. T. Karthik Narayanan, Company Secretary of K.C.P. Sugar and Industries Corporation Ltd., confirmed the receipt of the disclosure.

K.C.P. Sugar and Industries Corporation Ltd. returned to profitability in FY26, reporting a consolidated net profit of ₹111.31 crore compared to a net loss of ₹17.22 crore in the previous year. The turnaround was driven by a one-time profit on the sale of assets held for sale amounting to ₹48.05 crore and improved operational performance across its segments. The Board of Directors approved the audited standalone and consolidated financial statements for the quarter and year ended March 31, 2026, on May 27, 2026, pursuant to Regulation 33 of the SEBI (LODR) Regulations, 2015.

The company reported a total consolidated income of ₹288.51 crore for the year, a decrease from ₹337.02 crore in FY25. Total expenses for the period stood at ₹272.78 crore, lower than ₹313.80 crore in the previous year. On a standalone basis, the company reported a net loss of ₹26.19 crore for FY26, wider than the loss of ₹1.72 crore in the previous year. Revenue from operations for the standalone entity was ₹195.84 crore, down from ₹227.35 crore in FY25.

Segment Performance

The Engineering segment was a key driver of profitability, reporting a segment profit of ₹246.33 crore in consolidated terms for the full year, up from ₹305.66 crore in the previous year. The Power & Fuel segment also contributed positively with a profit of ₹12.67 crore. However, the Sugar segment continued to face pressure, reporting a loss of ₹173.08 crore for the year. The Chemicals segment reported a loss of ₹28.57 crore.

Financial Position

The company's total consolidated assets stood at ₹659.76 crore as of March 31, 2026, compared to ₹618.65 crore in the previous year. Total equity and liabilities increased to ₹659.76 crore from ₹618.65 crore. The statutory auditor, M/s. B. Purushottam & Co., issued an unmodified opinion on the standalone and consolidated financial results. The audit report highlighted the determination of the net realizable value of sugar inventory and the classification of investments as key audit matters.