Kridhan Infra Limited has disclosed the allotment of warrants on a preferential basis to its promoter and promoter group entity on December 9, 2025, as per SEBI (Prohibition of Insider Trading) Regulations, 2015.

Warrant Allotment Details

The preferential warrant allotment involved two key stakeholders of the company with a combined value of ₹11.50 crores:

Promoter Holdings Impact

Prior to this warrant allotment, promoter Anil Dhanpat Agrawal held 2,62,60,160 equity shares representing 27.71% of the company's shareholding. Following the warrant allotment, his total holding including warrants increased to 28.49%.

Kridhan Petrochemicals Private Limited, a promoter group entity, previously held 70,00,000 equity shares constituting 7.39% of the total shareholding. Post the warrant allotment, the entity's total holding including warrants stands at 17.47%.

Regulatory Compliance

The warrant allotment was conducted through preferential offer route and completed on December 9, 2025. The company received the required disclosures from both the promoter and promoter group entity within the prescribed timelines under SEBI regulations.

Company Information

Kridhan Infra Limited operates with ISIN INE524L01026. The company's registered office is located at 203, Joshi Chambers, Ahmedabad Street, Carnac Bunder, Masjid (East), Mumbai, while its works are situated at Village Vanwathe, Khopoli-Pen Road, Post-Donwat, Tal.: Khalapur, Dist. Raigad. The disclosure confirms compliance with all regulatory requirements under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Kridhan Infra Limited , a prominent infrastructure company, has approved its financial results for the second quarter of fiscal year 2026 following significant changes in its audit process.

Key Developments

1. New Statutory Auditor: The company's board has appointed M/s. Jignesh Savla & Associates as the new statutory auditor following the demise of the previous auditor.

2. Financial Results Approval: The board has approved both standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2025.

3. Revenue Recovery: Kridhan Infra reported revenue from operations of Rs 125.00 lakhs in Q2 FY26, compared to nil in the corresponding previous quarter.

4. Going Concern Uncertainty: The auditors have highlighted a material uncertainty about the company's ability to continue as a going concern, citing accumulated losses and fully eroded net worth.

Financial Performance

Auditor's Observations

The newly appointed auditors, M/s. Jignesh Savla & Associates, have raised concerns about Kridhan Infra's financial stability:

1. Material Uncertainty: The auditors have pointed out a material uncertainty related to the company's status as a going concern.

2. Accumulated Losses: The company has reported significant accumulated losses.

3. Eroded Net Worth: Kridhan Infra's net worth has been fully eroded, raising questions about its financial health.

Implications

While the revenue recovery in Q2 FY26 is a positive sign for Kridhan Infra, the auditor's observations highlight significant financial challenges facing the company. The material uncertainty about its ability to continue as a going concern may have implications for investor confidence and the company's future operations.

Stakeholders will likely be closely monitoring Kridhan Infra's strategies to address its accumulated losses and restore its net worth. The company's ability to sustain and grow its revenue in the coming quarters will be crucial in overcoming these financial hurdles.

As Kridhan Infra navigates through this challenging period, transparent communication with shareholders and concrete steps towards financial recovery will be essential in rebuilding market confidence.