Vedic Ayurveda Limited (formerly KD Leisures Limited) has received a one-month extension from the Registrar of Companies (ROC), Mumbai, to convene its 45th Annual General Meeting (AGM) for FY26. The company must now hold the meeting on or before October 31, 2026.

The ROC approved the request via a letter dated September 3, 2026, granting an extension under Section 96(1) of the Companies Act, 2013. This decision follows the company’s Board of Directors approving an application for a three-month extension during a meeting held on September 1, 2026.

Extension Details

The company initially sought additional time until December 31, 2026, to complete statutory requirements for the shareholder meeting. The ROC, however, granted only a one-month extension, citing the reasons provided in the application.

The Board meeting where the extension application was approved began at 4:00 pm and concluded at 4:30 pm at the corporate office in Kanpur. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The ROC order advises the company to be careful in future compliance with the provisions of the Companies Act, 2013. The company will intimate the specific date of the AGM in due course.

Vedic Ayurveda Limited (formerly KD Leisures Limited) returned to profitability in Q1FY27, reporting a net profit of ₹7.67 lakh for the quarter ended June 30, 2026. This stands in contrast to the net loss of ₹1.65 lakh reported in the immediately preceding quarter ended March 31, 2026. The turnaround was driven by revenue from operations of ₹15 lakh, while total expenses remained contained at ₹4.64 lakh. The Board of Directors approved the unaudited standalone financial results on August 11, 2026, following a review by the Audit Committee.

Despite the positive bottom line, the independent review report issued by M/S GAV & Associates flagged significant compliance and verification gaps. The auditors noted that management did not provide confirmations regarding the closing balances of loans and advances, preventing them from commenting on the accuracy of these figures. Furthermore, the report disclosed that the company has failed to file income tax returns under Section 139 of the Income Tax Act, 1961, for the assessment year 2021-22 onwards, exposing the entity to potential penalties.

Financial Performance Overview

The company’s total income for the quarter stood at ₹15 lakh, entirely derived from operations with no contribution from other income sources. Employee benefits expense accounted for ₹2.85 lakh, while other expenses were ₹1.79 lakh. Profit before tax was ₹10.36 lakh, resulting in a net profit after tax of ₹7.67 lakh after accounting for a tax expense of ₹2.69 lakh. Basic and diluted earnings per share were ₹0.24, compared to negative ₹0.05 in the previous quarter.

Operational and Corporate Updates

Vedic Ayurveda Limited primarily engages in the trading, managing, and distribution of hospitality products. The company operates as a single reportable segment under Ind AS-108. The name change from KD Leisures Limited to Vedic Ayurveda Limited became effective on June 12, 2026, following a special resolution passed at the Extraordinary General Meeting held on May 22, 2026. Paid-up equity share capital remains at ₹324.00 lakh.

What the Numbers Show

The shift from loss to profit is notable but must be viewed against the backdrop of minimal operational scale. With revenue of just ₹15 lakh, the absolute margin improvement is driven by low fixed costs rather than significant top-line growth. The absence of data for the corresponding quarter ended June 30, 2025, limits year-over-year comparison, but the sequential recovery suggests stabilization in cost management. However, the regulatory non-compliance regarding income tax filings poses a potential financial risk that could impact future cash flows through penalties.