Kedia Construction Co. Ltd. announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following the Board of Directors meeting held on February 3, 2026. The Mumbai-based construction company reported mixed performance with revenue fluctuations across quarters.

Quarterly Financial Performance

The company's financial performance for the third quarter of FY26 showed revenue volatility compared to previous periods. Net sales from operations and other income components contributed to the overall financial picture for the reporting period.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, Kedia Construction reported total income of Rs. 25.09 lakhs compared to Rs. 14.60 lakhs in the corresponding period of the previous year. Total expenditure for the nine-month period stood at Rs. 27.38 lakhs, resulting in a comprehensive loss of Rs. 1.73 lakhs.

Key Financial Highlights

The company's expenditure structure included several components that impacted overall profitability:

• Cost of materials consumed: Rs. 5.70 lakhs for Q3FY26
• Employee benefit expenses: Rs. 4.77 lakhs for the quarter
• Other expenses: Rs. 2.89 lakhs
• Decrease in stock: Rs. (5.70) lakhs, indicating inventory reduction

The paid-up equity share capital remained stable at Rs. 150.00 lakhs with a face value of Rs. 5 per share. Basic and diluted earnings per share for Q3FY26 stood at Rs. (0.041).

Corporate Developments and Legal Matters

The company disclosed ongoing legal proceedings involving a court case along with a group company against LIC of India regarding Ridge Road Property valued at Rs. 71.82 lakhs under inventory. No provision for diminution in value has been made as the matter remains subjudice.

Additionally, the Board of Directors has approved a Scheme of Arrangement and Amalgamation between Kirti Investments Limited and Kedia Construction Company Limited with an appointed date of April 1, 2024, subject to necessary approvals including from the National Company Law Tribunal, Mumbai Bench.

Regulatory Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The company confirmed no complaints were received or pending as of December 31, 2025. The results comply with Indian Accounting Standard 34 and SEBI listing regulations, with the auditor's limited review report providing moderate assurance on the financial statements.

Kedia Construction Company Limited (KCCL) shareholders have unanimously approved the scheme of amalgamation with Kirti Investments Limited (KIL) at a National Company Law Tribunal (NCLT)-convened meeting held on November 18, 2025. The resolution passed with requisite majority through remote e-voting, marking a significant step in the company's corporate restructuring efforts.

Voting Details

The shareholder meeting, conducted through video conferencing and other audio-visual means (VC/OAVM), saw participation from 15 shareholders holding a total of 19,29,700 equity shares. The voting process was carried out in compliance with the Companies Act, 2013, and SEBI regulations.

Key Highlights

• 100% of the votes cast were in favor of the amalgamation scheme.
• The promoter and promoter group, holding 18,64,800 shares, showed full support by voting entirely in favor.
• Public non-institutional shareholders also unanimously approved the scheme, with 64,900 votes cast in favor.
• The total voter turnout represented 64.32% of the company's total equity shares.

Amalgamation Details

The approved scheme involves the amalgamation of Kirti Investments Limited (KIL) with Kedia Construction Company Limited (KCCL). This corporate action is expected to streamline operations and potentially create synergies between the two entities.

Regulatory Compliance

The meeting and voting process were conducted under the supervision of Ms. Kala Agarwal, a Practicing Company Secretary appointed as the Scrutinizer by the NCLT. The entire procedure adhered to the guidelines set by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

Next Steps

With shareholder approval secured, the company will now proceed with the next stages of the amalgamation process, which may include seeking final approval from the NCLT and other regulatory bodies. The management of Kedia Construction Company Limited is expected to work towards completing the necessary legal and operational steps to effectuate the merger.

Investors and stakeholders are advised to keep an eye on further announcements from the company regarding the progress of this corporate action and its potential impact on the company's structure and operations.