Latest news about Kanoria Chemicals & Industries
Kanoria Chemicals & Industries
87.13
-2.97(-3.30%)
Company Performance:
View Company Insights1D-3.30%
1M+11.22%
6M+14.69%
1Y-7.71%
5Y-32.25%
More news about Kanoria Chemicals & Industries
02Apr 26
Kanoria Chemicals Discloses EGM Voting Results with Both Resolutions Approved
Kanoria Chemicals & Industries Limited disclosed official voting results for its April 1, 2026 EGM, confirming both special resolutions were approved with requisite majority. The resolutions for authorised share capital increase and NCRPS issuance received overwhelming shareholder support across all categories, with scrutinizer Amit Choraria validating the transparent e-voting process conducted through NSDL.
12Feb 26
Kanoria Chemicals Reports Strong Q3FY26 Performance with 42% Revenue Growth
Kanoria Chemicals & Industries Limited reported strong Q3FY26 results with standalone revenue growing 42% YoY to ₹23,059 lakhs and returning to profitability with net profit of ₹393 lakhs versus a loss of ₹1,970 lakhs in Q3FY25. Nine-month revenue increased 25% to ₹60,800 lakhs with net profit of ₹576 lakhs against previous year's loss of ₹1,957 lakhs. Consolidated results showed similar strength with Q3FY26 revenue at ₹26,582 lakhs and nine-month revenue at ₹67,704 lakhs, reflecting improved operational efficiency in the company's chemicals business.
02Feb 26
Kanoria Chemicals Provides Additional Details on Supreme Court Tax Appeal Victory
Kanoria Chemicals & Industries achieved a favorable Supreme Court ruling with the dismissal of a tax appeal by CIT-IV Kolkata, based on precedent from the Jindal Steel case. The company subsequently provided detailed regulatory clarifications, emphasizing voluntary disclosure under good corporate governance principles while confirming no material impact on operations.
04Sept 25
Kanoria Chemicals Shareholders Overwhelmingly Approve Divestment of Material Subsidiary
Kanoria Chemicals & Industries Limited (KCIL) received shareholder approval for the divestment of 100% shareholding in its material subsidiary through a postal ballot. The special resolution passed with 99.98% votes in favor. The e-voting process, conducted from August 5 to September 3, saw participation from 232 shareholders out of a total of 18,580. The scrutinizer's report confirmed a fair and transparent voting process.
05Aug 25
Kanoria Chemicals Reports Q1 FY26 Loss Amid Subsidiary Stake Dilution Plans
Kanoria Chemicals & Industries Limited reported a standalone net loss of ₹767.00 lakhs for Q1 FY26, compared to a profit of ₹64.00 lakhs in Q1 FY25. The company's revenue increased to ₹18,658.00 lakhs from ₹16,168.00 lakhs year-on-year. The Electronic Automotive segment suffered a loss of ₹968.00 lakhs. An exceptional item of ₹1,064.00 lakhs was recorded due to impairment of investment in APAG Holding AG. The Board approved a plan to reduce stake in APAG Holding AG from 55% to 14.3% through a USD 19.38 million transaction with strategic investors.
29Jul 25
Kanoria Chemicals to Divest Entire Stake in Apag Holding AG
Kanoria Chemicals & Industries Limited (KCIL) has approved the divestment of its 100% equity stake in subsidiary APAG Holding AG, Switzerland. The transaction will occur in two tranches: first, new investors will inject $19.38 million for a 63% stake, diluting KCIL's holding to 14.3%. In the second tranche (FY 2029-30), KCIL will transfer its remaining stake. Last year, APAG contributed 50.26% to KCIL's consolidated total income and -6.33% to consolidated net worth. The deal, subject to shareholder approval, is expected to complete by September 2025.
21May 25
Kanoria Chemicals & Industries Reports Widened Losses in Q4 Amid Revenue Growth
Kanoria Chemicals & Industries saw an 18.8% increase in revenue to ₹4.30 billion in Q4, but faced profitability challenges. EBITDA decreased by 40.7% to ₹169.90 million, with the EBITDA margin falling to 3.94%. The company reported a loss before tax of ₹85.00 million, compared to a profit of ₹24.40 million in the previous year. Consolidated net loss widened to ₹363.80 million from ₹93.00 million year-over-year. An exceptional item of ₹294.40 million was noted, contributing to the financial strain.
16Apr 25
Kanoria Chemicals Expands Global Footprint with New Subsidiaries in Germany and Canada
Kanoria Chemicals and Industries Limited (KCIL) has established two new subsidiaries through its step-down subsidiary CoSyst Control Systems GmbH. Adapt Control Systems GmbH in Germany and Adapt Control Systems Inc. in Canada will focus on developing electronic devices for the automotive industry. The German subsidiary has a capital of 25,000 EURO, while the Canadian subsidiary has an authorized capital of 10,000 CAD. This strategic move aims to strengthen KCIL's international presence, provide direct access to European and North American markets, and position the company in the high-growth automotive electronics sector.
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