Latest news about Keerthi Industries
Keerthi Industries
46.06
-3.42(-6.91%)
Company Performance:
View Company Insights1D-6.91%
1M-8.74%
6M-34.20%
1Y-37.37%
5Y-58.89%
More news about Keerthi Industries
28Mar 26
Keerthi Industries Completes INR 36 Crore Electronics Division Sale Agreement
Keerthi Industries Limited has formalized the addendum to its Business Transfer Agreement for the slump sale of its Electronics Division to Keerthi Holdings Private Limited for INR 36.00 crores, effective March 31, 2026. The Electronics Division contributed INR 24.29 crores (19.87% of total income) to the company's revenue, and the sale proceeds will primarily fund debt repayment, resulting in expected annual interest savings of INR 3.60 crores from the company's total borrowings of INR 55.65 crores.
16Mar 26
Keerthi Industries Limited Initiates Duplicate Share Certificate Issuance Process
Keerthi Industries Limited has informed BSE about processing a duplicate share certificate request from shareholder Balkisan Ramkaran Baheti for 97 shares under folio number 00001094. The request covers certificate numbers 2349 and 61265, with the company initiating necessary procedures under SEBI Regulation 39(3) for duplicate certificate issuance following loss of original documents.
14Mar 26
Keerthi Industries Receives Income Tax Assessment Order for AY 2024-25, Plans Appeal
Keerthi Industries Limited received an Income Tax Assessment Order dated March 12, 2026 for Assessment Year 2024-25, disallowing expenses of Rs. 18,16,085 and depreciation of Rs. 2,06,81,514. The company disclosed this to BSE on March 14, 2026 under SEBI Regulation 30. Despite the disallowances totaling Rs. 2,24,97,599, the company states there is no financial impact on operations and plans to file an appeal within the prescribed timeframe.
13Mar 26
Keerthi Industries Limited Receives Legal Notice for Cheque Dishonour Worth Rs. 1,41,85,288
Keerthi Industries Limited disclosed receiving a legal notice from coal supplier J P Associates for alleged cheque dishonour worth Rs. 1,41,85,288 under Section 138 of the Negotiable Instruments Act. The company is working to resolve the matter through payments and cement supply while discussing notice withdrawal with the vendor.
21Feb 26
Keerthi Industries Receives Legal Notice for Rs 2.31 Crore Cheque Dishonour from Coal Supplier
Keerthi Industries Limited disclosed receiving a legal notice from coal supplier J P Associates for dishonoured cheques worth Rs 2,30,93,037 under Section 138 of the Negotiable Instruments Act. The issue stems from working capital constraints with Axis Bank Limited. The company maintains there is no material impact on operations and is in discussions with the vendor for notice withdrawal.
14Feb 26
Keerthi Industries Limited Announces Q3 FY26 Financial Results with Revenue of Rs. 1,588.88 Lakhs
Keerthi Industries Limited announced Q3 FY26 results showing revenue from operations of Rs. 1,588.88 lakhs, down from Rs. 2,484.44 lakhs in Q3 FY25. The company reported a net loss of Rs. 570.42 lakhs for the quarter. The board approved transfer of unclaimed dividend of Rs. 7,95,618.90 to IEPF Authority and amendments to Related Party Transactions policy. The company continues managing discontinued operations including Electronics Division transfer and has identified Sugar Division land worth Rs. 487.58 lakhs for sale.
08Jan 26
Keerthi Industries Limited Receives Credit Rating Reaffirmation from CARE Ratings at 'CARE B; Stable'
CARE Ratings reaffirmed Keerthi Industries Limited's credit rating at 'CARE B; Stable' for ₹30.26 crore bank facilities despite significant operational challenges in FY25, including capacity utilization decline to 43% and revenue drop of 44% to ₹119.88 crore. The rating considers the company's experienced management, integrated limestone mining operations, promoter financial support, and recent debt repayment from electronics division sale proceeds, with stable outlook expecting gradual improvement in cement sector demand and pricing.
28Nov 25
Keerthi Industries Extends Electronics Division Sale Deadline to December 31, 2025
Keerthi Industries Limited has delayed the completion of its Electronics Division slump sale to Hyderabad Bottling Co. Private Limited. The INR 36.00 crore transaction's deadline has been extended from November 30, 2025, to December 31, 2025, due to pending regulatory and operational documentation. The Electronics Division contributed 19.87% of Keerthi Industries' total income in FY2024-25. The company plans to use the sale proceeds to repay INR 55.65 crore in debt, including bank facilities and unsecured loans.
13Nov 25
Keerthi Industries Reports Widened Q2 Losses, Appoints New Company Secretary
Keerthi Industries Limited reported a net loss of ₹782.45 lakh in Q2 FY2026, up 73.2% from the previous year. Revenue from operations decreased by 7.7% to ₹2,738.35 lakh. The cement segment recorded a loss of ₹610.84 lakh before tax and finance costs. Ms. Anupama Iyer was appointed as the new Company Secretary and Compliance Officer. The company is transferring its Electronics Division to Hyderabad Bottling Co. Pvt. Ltd. through a slump sale.
31Oct 25
Keerthi Industries Announces Resignation of Company Secretary, Managing Director to Serve as Interim Compliance Officer
Keerthi Industries Limited announced the resignation of Ms. Ashdeep Kaur as Company Secretary and Compliance Officer, effective October 31, 2025. The Board accepted her resignation, citing reasons including seeking new challenges and lack of career advancement. Mr. Seshagiri Rao Jasti, the Managing Director, will serve as interim Compliance Officer until a replacement is appointed. The company has made necessary disclosures to BSE Limited in compliance with SEBI regulations.
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