Kartik Investments Trust Limited has filed a formal application with BSE Limited for the re-classification of a promoter group entity to public category, marking a significant corporate governance development for the Chennai-based investment company.

Re-classification Application Details

The company submitted the application under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The application pertains to M/s. Algavista Greentech Private Limited (AGPL), which currently belongs to the 'Promoter Group' category and seeks re-classification to the 'Public' category.

Board Approval and Timeline

The company's Board of Directors had previously approved the re-classification request on 5 February, 2026. Following this approval, Kartik Investments Trust Limited proceeded to file the formal application with BSE Limited on 11 February, 2026.

The re-classification process follows established SEBI guidelines that allow promoter group entities to transition to public category status under specific conditions and regulatory compliance requirements.

Company Information

Kartik Investments Trust Limited, incorporated in 1978, operates from Parry House in Chennai and trades on BSE under scrip code 501151. The company secretary Lakshmi R signed the regulatory filing, confirming the submission of the re-classification application to the stock exchange.

Kartik Investments Trust Limited has delivered exceptional financial performance for the third quarter of fiscal year 2026, reporting a remarkable turnaround with net profit of Rs 508.76 lakhs compared to a net loss of Rs 1.25 lakhs in the corresponding quarter of the previous year. The Board of Directors approved these unaudited financial results for the quarter and nine months ended December 31, 2025, during their meeting held on February 5, 2026.

Financial Performance Highlights

The company's financial transformation is evident across key metrics, with total income experiencing substantial growth during the quarter.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, Kartik Investments Trust Limited maintained its strong performance trajectory. The company reported total income of Rs 597.48 lakhs compared to Rs 5.03 lakhs in the corresponding nine-month period of the previous year. Net profit for the nine-month period reached Rs 508.77 lakhs, a significant improvement from the net loss of Rs 1.50 lakhs recorded in the previous year.

Earnings Per Share and Capital Structure

The company's earnings per share (EPS) reflected the strong financial performance, with both basic and diluted EPS reaching Rs 208.51 for Q3FY26 compared to Rs (0.51) in Q3FY25. The paid-up equity share capital remained stable at Rs 24.40 lakhs with shares having a face value of Rs 10 each. Reserves increased substantially to Rs 817.42 lakhs for the nine-month period compared to Rs 396.55 lakhs in the previous year.

Strategic Business Development

The company completed a significant transaction during the period, with the Board of Directors approving the sale of 2,01,600 equity shares of Parry Enterprises India Limited held by Kartik Investments Trust Limited to Ambadi Investments Limited on September 22, 2025. The transaction was executed through a Share Purchase Agreement on October 8, 2025, following valuation by an approved valuer.

Regulatory Compliance and Operations

Kartik Investments Trust Limited continues to focus on its investment business operations, which represents its single primary reporting segment. The financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013, and comply with Regulation 33 of the SEBI Listing Regulations. The company's statutory auditors, R Sundararajan & Associates, provided a Limited Review Report confirming the financial results' compliance with applicable accounting standards.