Latest news about Karnika Industries
Karnika Industries
111.00
-2.20(-1.94%)
Company Performance:
View Company Insights1D-1.94%
1M-11.20%
6M-5.13%
1Y-83.95%
5Y+34.38%
More news about Karnika Industries
22May 26
Karnika FY26 Revenue Rises 44% to INR248 Crores
Karnika Industries reported a robust financial performance for FY26, with revenue from operations increasing 44% year-on-year to INR248 crores and profit after tax rising 57% to INR28 crores. The company's EBITDA grew 43% to INR37 crores, maintaining a 15% margin. Strategic integration with Kidcity contributed INR24-25 crores in revenue, with management projecting significant growth from this segment in the coming years. The company aims to sustain a 30-35% CAGR and improve working capital efficiency.
20May 26
Karnika FY26 Net Profit Rises 48% to ₹2667.73 Lakh
Karnika Industries Limited reported a 48% increase in standalone net profit to ₹2667.73 lakh for FY26, with revenue from operations rising to ₹22428.14 lakh. Consolidated net profit stood at ₹2838.66 lakh, reflecting the inclusion of subsidiary Kidcity Solutions Private Limited acquired in October 2025. The board approved the audited results on May 16, 2026.
14May 26
Karnika Passes Resolutions at EGM
Karnika Industries Limited conducted its EGM on May 11, 2026, passing special resolutions to alter its Articles of Association, issue convertible warrants worth ₹47.99 crore, and appoint Mr. Yash Jhawar as an Independent Director. The Scrutinizer's report confirmed 100% approval for all resolutions via remote e-voting. The preferential issue will increase promoter holding to 74.74%.
29Apr 26
Karnika Industries Issues Corrigendum to EGM Notice for Preferential Issue of Convertible Warrants
Karnika Industries Limited has issued a corrigendum to the notice of its Extraordinary General Meeting (EGM) scheduled for May 11, 2026, through video conferencing. The corrigendum modifies the Special Resolution pertaining to Item No. 2 and the Explanatory Statement, incorporating suggestions from the National Stock Exchange of India Limited. The company proposes to issue up to 39,66,860 convertible warrants on a preferential basis at ₹121 per warrant, including a premium of ₹111, aggregating to ₹47,99,90,060. The proceeds are intended for working capital requirements, including repayment to creditors and bank loans, and general corporate purposes. The issue price of ₹121 is determined based on the higher of the 90-day VWAP of ₹120.15 and the 10-day VWAP of ₹110.30, with the relevant date being April 10, 2026. The proposed allottees include 13 promoters and promoter group entities, along with one non-promoter, Bhagwan Nath Sidh. The existing promoters will continue to control the company post-issue, with promoter holding increasing from 73.39% to 74.74% on a fully diluted basis. The allotment is to be completed within 15 days from the date of passing the resolution, subject to regulatory approvals.
28Aug 25
Karnika Industries Announces Thursday Deadline for 4:1 Bonus Share Eligibility
Karnika Industries has announced a 4:1 bonus issue, with Thursday as the last day to purchase shares to qualify. The ex-date is set for Friday, August 29, 2025. Shareholders must hold shares before the ex-date to be eligible. The bonus shares will be issued from free reserves at no additional cost to existing shareholders. A proportional adjustment in share price is expected following the issue.
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