Kovilpatti Lakshmi Roller Flour Mills Limited (KLRF) has reported a significant turnaround in its financial performance for the quarter ended September 30, 2025, while also announcing plans to diversify into the hotel and hospitality sector.

Financial Performance

KLRF has shown a remarkable improvement in its financial results for the second quarter of the fiscal year 2025-26. The company reported:

For the six-month period:

The company operates through two segments:

Expansion into Hotel and Hospitality Sector

In a strategic move to diversify its business operations, KLRF's Board of Directors has approved a proposal to enter the hotel and hospitality business. Key points of this decision include:

• Alteration of the company's Memorandum of Association to include the new line of business.
• Estimated capital expenditure not exceeding ₹25 crores for establishing the hotel and hospitality business.
• The expansion plans are subject to shareholder approval.

Corporate Actions

The Board has also approved the following actions:

1. Conducting a postal ballot process through remote e-voting to obtain shareholder approval for altering the Objects Clause of the Memorandum of Association.
2. Publication of the unaudited financial results in English and Tamil newspapers, along with a Quick Response (QR) code.

The company's statutory auditor has expressed an unmodified audit opinion on the financial results.

KLRF's move to diversify into the hotel and hospitality sector may be seen as a strategic step to create additional revenue streams and potentially enhance profitability. However, the success of this venture will depend on various factors, including market conditions and the company's execution capabilities in this new sector.

Investors and stakeholders will likely be closely watching the outcome of the postal ballot and the company's progress in implementing its diversification plans.

Kovilpatti Lakshmi Roller Flour Mills Limited (KLRF) has announced the appointment of Mrs. Manian Kanikha as an Additional Director in the Non-Executive Independent category. The decision, made by the company's Board of Directors, marks a significant addition to KLRF's leadership team.

Key Appointment Details

Professional Background

Mrs. Kanikha brings a unique blend of expertise to KLRF:

• Education:
  • B.A. in Fashion Design from Raffles Institute, Singapore
  • Certification in Municipal Solid Waste Management from École Polytechnique Fédérale de Lausanne (EPFL)
• Experience: Over seven years in the waste management industry, specializing in biomedical and municipal waste
• Entrepreneurial Background: Second-generation entrepreneur and leader in waste management

Appointment Process and Governance

The appointment of Mrs. Kanikha was based on the recommendation of KLRF's Nomination and Remuneration Committee. The Board has confirmed that she is not debarred from holding the office of Director by any order of SEBI or other statutory authorities.

Shareholder Approval Process

KLRF's Board has approved the initiation of a postal ballot process to seek shareholder approval for Mrs. Kanikha's appointment:

• Voting Method: Remote e-voting
• Resolution Type: Special resolution
• Purpose: To confirm the appointment of Mrs. Kanikha as an Independent Director

The company will send out a Postal Ballot Notice to shareholders, with details to be communicated to the stock exchange in due course.

Board Meeting Details

This strategic appointment aligns with KLRF's commitment to diversifying its board expertise. Mrs. Kanikha's background in waste management could potentially bring valuable insights to KLRF, particularly in areas of environmental sustainability and waste reduction in the flour milling industry.

As KLRF moves forward with this appointment, shareholders will play a crucial role in confirming Mrs. Kanikha's position through the upcoming postal ballot. The company's proactive approach in seeking shareholder approval underscores its commitment to transparent corporate governance practices.