Karma Energy Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, during a Board of Directors meeting held on February 12, 2026. The company reported mixed performance with quarterly profit declining significantly from the previous quarter while maintaining positive nine-month results.

Financial Performance Overview

The company's financial performance showed notable variations across different periods, with the third quarter experiencing a substantial decline in both revenue and profitability compared to the previous quarter.

Nine-Month Performance

For the nine months ended December 31, 2025, Karma Energy demonstrated stronger overall performance compared to the corresponding period in the previous year.

Expense Analysis

Total expenses for Q3FY26 increased to ₹367.28 lac compared to ₹283.72 lac in Q3FY25, representing a 29.44% year-on-year increase. The major expense components included:

• Operation and Maintenance Cost: ₹149.51 lac
• Employee Benefits Expense: ₹76.70 lac
• Other Expenses: ₹85.80 lac
• Depreciation and Amortisation: ₹51.40 lac
• Finance Costs: ₹3.87 lac

Tax Benefits and Exceptional Items

The company recorded a total tax benefit of ₹236.43 lac in Q3FY26, primarily due to prior year tax adjustments of ₹181.50 lac. For the nine-month period, exceptional items of ₹81.43 lac were recorded, consisting of interest received on debtors written off in prior years as per the order of the Tamil Nadu Electricity Regulatory Commission.

Board Decisions and Corporate Actions

During the Board meeting held on February 12, 2026, directors unanimously approved several key agenda items:

• Unaudited financial results for Q3FY26 and nine months ended December 31, 2025
• Postal ballot notice for related party transactions
• Re-appointment of Director
• Authorization of CFO & Company Secretary to initiate postal ballot process

Company Profile and Operations

Karma Energy Limited operates primarily in renewable power generation, constituting a single business segment as per Ind-AS 108. The company maintains its registered office at Empire House, Mumbai, and has a paid-up equity share capital of ₹1,156.99 lac with shares of ₹10 each. The company does not have any subsidiary, associate, or joint venture companies as of December 31, 2025.

Karma Energy Limited has formally notified the stock exchanges about an upcoming Board of Directors meeting scheduled to review its quarterly financial performance. The company has issued an official notice to BSE Limited regarding this important corporate governance event.

Board Meeting Details

The meeting particulars have been structured as follows:

Meeting Agenda

The Board will deliberate on two key items during the scheduled meeting:

• Financial Results Review: The directors will consider and adopt the unaudited financial results for the third quarter ended December 31, 2025
• Auditor's Report: The board will examine the Limited Review Report prepared by the company's auditors for the same quarterly period

Regulatory Compliance

This board meeting announcement demonstrates Karma Energy Limited's adherence to corporate governance standards. The notice has been issued in accordance with Regulation 29 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, which mandates listed companies to inform stock exchanges about board meetings that will consider financial results.

Company Information

Karma Energy Limited operates from its registered office at Empire House, 214, Dr. D. N. Road, Fort, Mumbai. The company maintains its corporate communication through multiple channels and continues to fulfill its obligations as a publicly listed entity. T V Subramanian, serving as CFO & Company Secretary, has signed the official notice on behalf of the company.

The formal notification was digitally signed and submitted on January 31, 2026, providing adequate advance notice to stakeholders and the investment community about the upcoming financial disclosure.