Kedia Construction Company Limited , a player in the construction sector, has released its unaudited financial results for the first quarter of the fiscal year 2026, revealing a significant decrease in revenue compared to the previous quarter.

Financial Highlights

The company's board of directors approved the unaudited financial results for the quarter ended June 30, 2025, during a board meeting held on August 8, 2025. Key financial metrics for the quarter are as follows:

Revenue and Profitability

Kedia Construction Company experienced a substantial decline in its financial performance for the quarter ended June 30, 2025:

• Net sales dropped to Rs. 6.00 lakhs, marking an 80.20% decrease from Rs. 30.25 lakhs reported in the previous quarter.
• Total income fell by 80.00%, from Rs. 30.36 lakhs to Rs. 6.07 lakhs.
• Net profit after tax stood at Rs. 0.53 lakhs, down from Rs. 1.49 lakhs in the preceding quarter, representing a 64.40% decrease.

Earnings Per Share

The company's earnings per share (EPS) also reflected the downturn in financial performance. Basic and diluted EPS for the quarter was reported at Rs. 0.02, a significant drop from Rs. 0.11 in the previous quarter.

Business Operations

Kedia Construction Company Limited operates in the construction business with no separate reportable segments, as per Ind AS 108. The company's financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting.

Board Meeting Details

The board meeting was held on August 8, 2025, to consider and approve the unaudited financial results for the quarter ended June 30, 2025. The meeting commenced at 3:00 p.m. and concluded at 4:00 p.m. This information was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As the construction sector continues to face challenges, investors and stakeholders will be closely monitoring Kedia Construction Company's performance in the coming quarters.

Kedia Construction Company Limited (KCCL) has taken significant steps towards its proposed amalgamation with Kirti Investments Limited (KIL). The company recently held a shareholder meeting and subsequently submitted a revised scrutinizer's report, marking important milestones in the merger process.

Shareholder Approval

KCCL conducted an Extraordinary General Meeting (EGM) through video conferencing, as directed by the National Company Law Tribunal (NCLT), Mumbai Bench. The primary agenda was to seek shareholder approval for the Scheme of Amalgamation between KCCL and KIL.

The voting results were overwhelmingly in favor of the amalgamation:

Out of the total 30 lakh shares, 18.64 lakh shares (62.16%) participated in the voting, with 100% voting in favor of the scheme. Notably, all votes came from the promoter and promoter group, while public shareholders did not participate in the voting process.

Revised Scrutinizer's Report

Following the EGM, KCCL submitted a revised scrutinizer's report. The revision was necessary to correct an error in the original report, which had incorrectly included promoter votes under the public shareholder category.

Ms. Kala Agarwal, the appointed scrutinizer and practicing company secretary, issued the corrected report. The revised document accurately reflects that no public shareholders participated in the voting process, with all votes coming from the promoter and promoter group.

Key Details of the Meeting

• 10 equity shareholders, holding 17,12,000 shares, attended the meeting but had already cast their votes through remote e-voting.
• No shareholders cast their votes during the e-voting at the meeting.

Implications and Next Steps

The unanimous approval from voting shareholders marks a crucial step forward in the amalgamation process between Kedia Construction Company Limited and Kirti Investments Limited. However, it's worth noting the lack of participation from public shareholders in the voting process.

The company will now proceed with the next stages of the amalgamation process, which typically involves seeking further regulatory approvals and completing legal formalities.

As this corporate action progresses, shareholders and market observers will be keenly watching for further developments and the potential impact on KCCL's operations and market position.