Kaira Can Company Limited announced its unaudited financial results for the third quarter ended December 31, 2025, showing a challenging performance with the company reporting a net loss during the quarter. The Board of Directors approved these results at their meeting held on February 9, 2026.

Financial Performance Overview

The company's financial performance for Q3 FY26 showed mixed results compared to the previous year. While revenue declined, the company maintained operational stability across its business segments.

Nine-Month Performance

For the nine months ended December 31, 2025, Kaira Can Company demonstrated better overall performance despite quarterly challenges. The company maintained profitability on a cumulative basis with improved revenue growth.

Segment-wise Performance

The company operates primarily through two business segments: tin containers and ice-cream cones (waffles & wafers). The tin containers segment remained the primary revenue driver and maintained profitability.

Tin Containers Segment:

• Q3 FY26 revenue: ₹516.64 crores vs ₹537.77 crores in Q3 FY25
• Segment result: ₹10.48 crores profit vs ₹13.83 crores in Q3 FY25
• Nine-month revenue: ₹1,760.92 crores vs ₹1,630.39 crores in 9M FY25

Ice-cream Cones Segment:

• Q3 FY26 revenue: ₹12.83 crores vs ₹13.75 crores in Q3 FY25
• Segment loss: ₹3.99 crores vs ₹3.32 crores loss in Q3 FY25
• Nine-month revenue: ₹55.76 crores vs ₹83.53 crores in 9M FY25

Expense Analysis

The company's total expenses for Q3 FY26 stood at ₹526.88 crores compared to ₹543.20 crores in Q3 FY25. Key expense components included cost of materials consumed at ₹450.14 crores and other expenses at ₹576.55 crores. Employee benefit expenses increased to ₹28.66 crores from ₹20.43 crores in the previous year quarter.

Regulatory Impact

The company noted the implementation of New Labour Codes effective November 21, 2025, which resulted in an estimated increase in provision for employee benefits of ₹7.13 lakhs. This amount has been recognized under employee benefit expenses for the quarter and nine months ended December 31, 2025.

Balance Sheet Position

As of December 31, 2025, the company's total assets stood at ₹1,241.74 crores compared to ₹1,183.52 crores in the previous year. Total liabilities were ₹346.73 crores, and the company maintained a paid-up equity share capital of ₹92.21 crores with a face value of ₹10 per share.

Kaira Can Company Limited has successfully completed its postal ballot process for the appointment of a new Non-Executive Nominee Director, with shareholders demonstrating overwhelming support for the corporate governance initiative. The company submitted the voting results to BSE Limited on January 12, 2026, marking the conclusion of a comprehensive shareholder consultation process.

Appointment Details and Resolution

The postal ballot sought approval for the appointment of Shri Dhiraj Kumar Chaudhary (DIN 11343722) as a Non-Executive Nominee Director on the company's Board through an ordinary resolution. The appointment process was conducted in compliance with Sections 110 and 108 of the Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014.

Voting Process and Timeline

The remote e-voting facility was made available to shareholders from 09:00 a.m. on December 13, 2025, until 05:00 p.m. on January 11, 2026. Central Depository Services (India) Limited (CDSL) provided the electronic voting platform, ensuring a transparent and accessible voting process for all eligible members.

The postal ballot notice was dispatched on December 9, 2025, to all eligible shareholders whose names appeared in the Register of Members as of December 5, 2025. The company published advertisements in The Free Press Journal (English) and Navshakti (Marathi) on December 10, 2025, to inform shareholders about the voting process.

Comprehensive Voting Results

The scrutinizer's report revealed strong shareholder support across all categories, with 379,199 total votes cast representing 41.12% of the company's outstanding shares.

Scrutinizer Certification and Compliance

Prashant S. Mehta of P. Mehta & Associates, Practising Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer was appointed by the Board of Directors on November 14, 2025, and confirmed compliance with all applicable regulations including SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The scrutinizer's report confirmed that 1,672 shareholders participated in the voting process, with 38 shareholders voting in favour and only 2 shareholders voting against the resolution. No invalid votes or abstentions were recorded during the process.

Regulatory Compliance and Documentation

The company fulfilled all regulatory requirements under Regulation 44(3) of SEBI Listing Regulations by submitting comprehensive voting results along with the scrutinizer's report to BSE Limited. Company Secretary Hiten Vanjara signed the submission documents, ensuring proper corporate governance protocols were followed throughout the appointment process.

The resolution was deemed approved on January 11, 2026, the last date of the voting period, with the appointment receiving the requisite majority as mandated by applicable corporate laws and regulations.