Kedia Construction Company Limited , a player in the construction sector, has announced its unaudited financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company has shown a significant improvement in its financial performance compared to the previous quarter.

Key Financial Highlights

Revenue and Profitability

Kedia Construction has reported a substantial increase in its net sales for Q2 FY2026, reaching Rs. 5.63 lakhs, compared to Rs. 0.20 lakhs in the previous quarter. This represents a significant quarter-on-quarter growth. The total income for the quarter stood at Rs. 5.70 lakhs, up from Rs. 0.27 lakhs in Q1 FY2026.

Profit Margins

The company has shown a remarkable turnaround in its profitability. Kedia Construction reported a profit before tax of Rs. 4.55 lakhs for Q2 FY2026, a significant improvement from the loss of Rs. 5.20 lakhs in the previous quarter. The net profit after tax stood at Rs. 3.89 lakhs, compared to a net loss of Rs. 3.89 lakhs in Q1 FY2026.

Earnings Per Share

The basic and diluted earnings per share (EPS) for Q2 FY2026 was Rs. 0.11, a positive shift from the negative EPS of Rs. 0.13 in the previous quarter.

Balance Sheet Position

As of September 30, 2025, Kedia Construction maintains a paid-up equity share capital of Rs. 150 lakhs, with shares having a face value of Rs. 5 each. The company's cash and cash equivalents stood at Rs. 3.45 lakhs, down from Rs. 15.37 lakhs at the end of the previous fiscal year.

Business Segment and Legal Proceedings

Kedia Construction is primarily engaged in the construction business and does not have separate reportable segments as per Ind AS 108. The company is currently involved in a court case against LIC of India regarding a Ridge Road Property valued at Rs. 68.55 lakhs, which is included in the company's inventory. No provision for diminution in value has been made as the matter is sub-judice.

Corporate Actions

The Board of Directors has approved a scheme of arrangement and amalgamation with Kirti Investments Limited, subject to necessary regulatory approvals. This strategic move may potentially impact the company's future operations and financial structure.

Outlook

While Kedia Construction has shown a significant improvement in its quarterly performance, it's important to note that the construction sector can be subject to various external factors. The ongoing legal proceedings and the proposed amalgamation are key areas to watch for potential impacts on the company's future performance.

Investors and stakeholders should continue to monitor the company's performance in the coming quarters to assess the sustainability of this positive trend and the potential effects of the proposed corporate actions.

Kedia Construction Company Limited , a prominent player in the construction sector, has taken steps to ensure regulatory compliance in its proposed merger with Kirti Investments Limited. The company filed a supplemental application with the National Company Law Tribunal (NCLT) on August 8, 2025, seeking directions to reconvene a shareholders meeting for its merger scheme.

Background

The move comes after a previous shareholders meeting, held on July 28, 2025, failed to secure participation from public shareholders. This participation is a crucial requirement under the Securities and Exchange Board of India (SEBI) regulations for scheme approval.

Regulatory Compliance

According to a disclosure made by the company under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements, Kedia Construction had initially convened the meeting following an NCLT order dated June 9, 2025. Notices were duly dispatched to equity shareholders. However, the meeting saw no attendance or voting from public shareholders.

SEBI Requirements

The SEBI Master Circular SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023, mandates approval of merger schemes by public shareholders. This regulatory requirement has prompted Kedia Construction to seek fresh directions from the NCLT.

Next Steps

The supplemental application filed by Kedia Construction aims to reconvene the shareholders meeting. This move is intended to ensure compliance with SEBI requirements and obtain the necessary approvals for the merger scheme with Kirti Investments Limited.

Company Statement

Vijay Kumar Khowala, Director of Kedia Construction Company Limited, signed the disclosure, emphasizing the company's commitment to regulatory compliance and transparency in the merger process.

The construction firm's proactive approach in addressing the regulatory requirements underscores the importance of public shareholder participation in corporate restructuring decisions. Stakeholders will be watching closely as Kedia Construction navigates this crucial phase in its proposed merger with Kirti Investments Limited.