Kavveri Defence & Wireless Technologies Limited has announced a board meeting scheduled for March 05, 2026, to deliberate on warrant conversion and equity share allotment matters. The company issued the meeting notice on February 26, 2026, in accordance with regulatory requirements.

Meeting Details and Regulatory Compliance

The board meeting has been convened pursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has notified both BSE Limited and National Stock Exchange of India Limited about the scheduled meeting, maintaining transparency with stock exchanges.

Key Agenda Items

The board meeting will focus on two primary matters requiring directors' consideration and approval:

• Conversion of warrants into equity share capital of the company
• Allotment of equity shares to eligible warrant holders pursuant to the conversion
• Any other matters with the permission of the chair

Corporate Information

Kavveri Defence & Wireless Technologies Limited, formerly known as Kavveri Telecom Products Limited, operates from its registered office in Bengaluru, Karnataka. The company is incorporated under CIN L85110KA1996PLC019627 and maintains its corporate presence in the defense and wireless technology sector.

The meeting notice was digitally signed by Managing Director Mr. Chenna Reddy Shiva Kumar Reddy on February 26, 2026, ensuring proper authorization and compliance with corporate governance requirements.

Kavveri Defence & Wireless Technologies Limited announced its unaudited financial results for the third quarter of FY26 ended December 31, 2025, during a board meeting held on February 14, 2026. The company, which operates in radio frequency products and antennas for defence and wireless technologies, reported mixed financial performance alongside several key corporate governance decisions.

Financial Performance Overview

The company's standalone financial results showed revenue from operations of ₹50.36 crores for Q3 FY26, compared to ₹109.04 crores in the previous quarter. Other income for the quarter stood at ₹4.83 crores, bringing total income to ₹54.51 crores.

Consolidated Results

On a consolidated basis, the company reported revenue from operations of ₹185.14 crores for Q3 FY26, with total income reaching ₹157.79 crores after accounting for other income of ₹9.25 crores. The consolidated operations resulted in a net loss of ₹59.56 lakhs for the quarter.

Key Corporate Governance Changes

The board meeting addressed several important organizational changes. Ms. Renu Choudhary resigned from her position as Company Secretary and Compliance Officer effective February 14, 2026, after business hours, citing personal reasons. The resignation was formally communicated to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company has appointed Ms. Vijayalaxmi S. Salimath as the new Company Secretary and Compliance Officer, effective February 16, 2026. Ms. Salimath is an Associate Member of the Institute of Company Secretaries of India with 3-4 years of experience in corporate compliance and secretarial functions.

Committee Restructuring and Related Party Transactions

The board approved the re-constitution of the CSR Committee with the following composition:

Additionally, the board approved a related party transaction involving a rental/lease agreement with family members of key management personnel. The proposed rent is ₹6.00 lakhs per month, aggregating to ₹72.00 lakhs per annum for an 11-month tenure, representing 4.2% of the company's annual consolidated turnover.

Audit Observations

The auditors issued a qualified opinion on the consolidated financial statements, noting that several subsidiary companies' results were not included in the consolidation. The excluded subsidiaries include Kavveri Telecom Infrastructure Limited (undergoing insolvency process), Spotwave Wireless Ltd (undergoing bankruptcy proceedings in Canada), and other non-operating companies. The auditors also highlighted that certain balances of loans, trade payables, and receivables are subject to confirmation and reconciliation.