Kotia Enterprises Limited has successfully concluded its Extra Ordinary General Meeting (EGM) held on February 09, 2026, with shareholders approving the key resolution regarding directorial appointment. The meeting was conducted through video conferencing in compliance with regulatory guidelines.

EGM Overview and Participation

The EGM saw participation from 994 shareholders on record as of the cut-off date. The meeting details are summarized below:

Director Appointment Resolution

The primary agenda item involved the appointment of Mr. Anil Gupta (DIN: 00468470) as Whole-time Director. The resolution sought approval for his appointment for a five-year term from November 13, 2025, to November 13, 2030, under the provisions of the Companies Act, 2013, and SEBI regulations.

Voting Results

The voting results demonstrated overwhelming shareholder support for the resolution:

The resolution was categorized as an Ordinary Resolution under Special Business, with promoter and promoter groups having no interest in the agenda.

Scrutinizer's Confirmation

CS Akash Goel of Akash & Co. Company Secretaries served as the appointed scrutinizer for the e-voting process. The scrutinizer's report confirmed that the resolution was passed with the requisite majority, with 231 members voting in favour and only 1 member voting against.

The e-voting data was downloaded from NSDL's platform in the presence of two independent witnesses - Ms. Varsha Kingwani and Ms. Riya Kumari. The scrutinizer verified the fairness and transparency of the entire voting process.

Regulatory Compliance

The company fulfilled its obligations under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by submitting the voting results and scrutinizer's report to BSE Limited and Metropolitan Stock Exchange of India Limited. The results have also been made available on the company's website at www.kotiaenterprises.com .

The successful passage of this resolution enables Mr. Anil Gupta to continue serving the company in his enhanced capacity as Whole-time Director, providing strategic leadership for the organization's future growth initiatives.

Kotia Enterprises Limited announced its unaudited financial results for the third quarter of FY26, revealing a challenging period marked by operational losses and regulatory compliance concerns. The company's Board of Directors approved the results during their meeting held on February 6, 2026.

Financial Performance Overview

The company's financial performance showed significant deterioration compared to the previous year. Key metrics for the quarter and nine-month periods are presented below:

Revenue and Income Analysis

The company reported no revenue from trading operations during Q3 FY26, compared to minimal trading activity in previous periods. Other income, which constituted the entire revenue stream, declined to ₹4.42 lakhs in Q3 FY26 from ₹11.34 lakhs in Q3 FY25. For the nine-month period, other income dropped significantly to ₹17.46 lakhs from ₹78.30 lakhs in the corresponding period of FY25.

Expense Structure

Total expenses for Q3 FY26 increased to ₹15.36 lakhs compared to ₹10.10 lakhs in Q3 FY25. The major expense components included:

• Employee benefits expenses: ₹6.46 lakhs (Q3 FY26) vs ₹2.77 lakhs (Q3 FY25)
• Other expenses: ₹8.82 lakhs (Q3 FY26) vs ₹7.17 lakhs (Q3 FY25)
• Depreciation and amortisation: ₹0.08 lakhs (Q3 FY26) vs ₹0.16 lakhs (Q3 FY25)

Auditor's Qualified Opinion

The statutory auditors, Ajay Rattan & Co., issued a qualified opinion on the financial results. The auditors highlighted a significant regulatory compliance issue: according to RBI circular dated April 8, 1999, companies meeting specific criteria must register as Non-Banking Financial Companies (NBFCs). The auditors noted that during the quarter ended December 2025, Kotia Enterprises satisfied both criteria - financial assets exceeding 50% of total assets and income from financial assets exceeding 50% of gross income - but has not registered itself as an NBFC under Section 45-IA of the Reserve Bank of India Act, 1934.

Corporate Developments

During the Board meeting held on February 6, 2026, the directors approved several key decisions:

Share Capital and Earnings

The company maintained its paid-up equity share capital at ₹702.05 lakhs, with a face value of ₹10 per share. The basic and diluted earnings per share for Q3 FY26 stood at negative ₹0.16, compared to positive ₹0.02 in Q3 FY25. For the nine-month period, EPS deteriorated to negative ₹0.40 from ₹0.00 in the previous year.

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The company has confirmed that the results provide a true and fair view of its financial affairs, despite the challenging operational environment and regulatory concerns raised by the auditors.