NK Industries Ltd has announced the resignation of its Company Secretary and Compliance Officer, Jelin Ashishbhai Dodiya, effective January 2, 2026. The resignation was submitted due to personal reasons, marking a key managerial personnel change for the company.

Resignation Details

The company disclosed the resignation in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following table summarizes the key details of the resignation:

Board Response and Next Steps

Hasmukh K Patel, Whole Time Director (DIN: 06587284) of the company, accepted Dodiya's resignation on behalf of the board. Patel has committed to ensuring that all necessary formalities regarding the resignation are completed within the due course of time. The company confirmed that there are no other material reasons for the resignation beyond those stated in Dodiya's resignation letter.

Regulatory Compliance

NK Industries Ltd has fulfilled its disclosure obligations under SEBI regulations by providing the required intimation to both BSE Limited and National Stock Exchange of India Limited. The company's disclosure includes:

• Formal resignation letter from Jelin Dodiya
• Confirmation of cessation date as January 2, 2026
• Statement that no material reasons exist beyond personal circumstances
• Acceptance of resignation by the board through the Whole Time Director

The resignation represents a change in key managerial personnel for NK Industries Ltd, which operates in the edible oil sector. The company will need to identify and appoint a new Company Secretary and Compliance Officer to fulfill these critical corporate governance roles.

NK Industries Limited , a company facing significant legal and financial hurdles, has reported a net loss of Rs 173.88 lakh for the half year ended September 30, 2025. This marks a substantial increase from the Rs 39.54 lakh loss reported in the corresponding period last year, according to the company's latest financial results.

Financial Performance

The company's financial performance for the first half of FY26 paints a challenging picture:

All figures in Rs lakh

The quarterly results showed a loss of Rs 145.66 lakh, compared to Rs 28.48 lakh in the same quarter of the previous year. Revenue from operations remained flat at Rs 120 lakh for the half year, indicating stagnant business activity.

Ongoing Legal Challenges

NK Industries continues to face significant legal challenges that may impact its future operations:

1. NSEL Proceedings: National Spot Exchange Limited (NSEL) has initiated recovery proceedings against the company for an alleged amount of approximately Rs 937 crores plus interest.

2. Asset Attachment: The Directorate of Enforcement has attached company assets under the Prevention of Money Laundering Act 2002.

3. Criminal Proceedings: The company is facing criminal proceedings under various acts.

Financial Position

The company's financial position remains precarious:

• Accumulated losses of Rs 35,403.93 lakh as of September 30, 2025
• Negative net worth

Despite these challenges, the management has prepared accounts on a going concern basis, expressing confidence in potential business revival through improved profitability.

Management's Stance

In the face of these challenges, the company's management remains optimistic. They have stated their commitment to making sincere efforts for the revival of the business and are confident in their ability to recover losses through improved profitability in the foreseeable future.

Conclusion

NK Industries Limited faces a complex set of financial and legal challenges. While the management expresses confidence in a potential turnaround, the significant increase in losses and ongoing legal issues present substantial hurdles for the company's future operations and financial stability.

Investors and stakeholders will likely be watching closely to see how NK Industries navigates these challenges in the coming quarters.