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.

Kavveri Defence & Wireless Technologies Limited has reversed its earlier decision to change its Registrar and Transfer Agent (RTA), opting to maintain continuity with its existing service provider. The company's Board of Directors passed a circular resolution on January 12, 2026, rescinding the previous board resolution that had approved the RTA change.

Board Resolution Details

The circular resolution specifically addressed the rescission of Resolution No. 05 dated November 14, 2025, which had originally approved changes to the company's RTA services. The board's decision was declared on January 12, 2026, at 11:00 AM at the company's registered office in Bengaluru.

RTA Service Provider Changes

The original November 2025 resolution had planned significant changes to the company's registry management services. Under that decision, the company would have discontinued services with its existing RTA and appointed a new service provider effective November 17, 2025.

Rationale for Decision Reversal

The board cited operational requirements and the need to ensure continuity of services as primary factors in the decision to rescind the RTA change. After further deliberation, the directors determined that maintaining the existing arrangement would better serve the company's operational needs.

Key aspects of the rescission include:

• Immediate cancellation of M/s. Satellite Corporate Services Private Limited's appointment
• Continuation of services with M/s. Integrated Registry Management Services Private Limited
• Cancellation of all actions and documents executed pursuant to the November 14, 2025 resolution
• Restoration of status quo regarding existing RTA arrangements

Regulatory Compliance and Communication

The company has informed both BSE Limited and the National Stock Exchange of India Limited about this decision in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was sent to both exchanges on January 12, 2026.

The resolution also authorized any director or the company secretary to take necessary steps to inform relevant parties, including the respective RTAs, stock exchanges, and depositories (NSDL/CDSL) about this decision. This ensures all stakeholders are properly notified of the change in corporate arrangements.

Impact on Operations

With the rescission of the previous resolution, M/s. Integrated Registry Management Services Private Limited will continue to handle all registrar and share transfer agent functions for Kavveri Defence & Wireless Technologies Limited. The company has confirmed that all previous arrangements remain in effect, ensuring no disruption to shareholder services or registry management operations.