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Kanel Industries Ltd (500236)

📊 BSE: 500236 🏢 Trading & Distributors 📢 Latest filing: 31 Aug 2026

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, Kanel Industries' revenue was ₹0.0 Cr, and net profit ₹0.0 Cr (against a loss a year earlier).

Q4 FY26 (₹ Cr)	Value	YoY vs Q4 FY25	QoQ
Revenue	₹0.0	—	—
Operating profit	₹0.2	from loss	from loss
Net profit	₹0.0	from loss	from loss
EPS (₹)	0.01	from loss	from loss

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Kanel Industries Sets 34th AGM on Sept 30, 2026; Book Closure Sept 24-30

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Aug 2026, 02:09 PM

Kanel Industries Limited has announced its 34th Annual General Meeting (AGM) scheduled for Wednesday, September 30, 2026, at 11:00 AM. The company's Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026 (both days inclusive). The cut-off date for eligibility to vote via remote e-voting or at the AGM is set for Wednesday, September 23, 2026.

34th Annual General Meeting scheduled for September 30, 2026, at 11:00 AM
Book closure period set from September 24, 2026, to September 30, 2026
Voting cut-off (record) date established as September 23, 2026

💡 Shareholders looking to participate and exercise voting rights in the 34th AGM must ensure share ownership as of the record date of September 23, 2026.

Kanel Industries Releases FY26 Annual Report; 34th AGM Scheduled for September 30, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Aug 2026, 02:03 PM

Kanel Industries Limited has released its Integrated Annual Report for FY 2025-26 and issued the notice for its 34th Annual General Meeting scheduled for September 30, 2026. The company reported zero operational revenue and a net loss of Rs 0.48 crore for FY26. Financial disclosures confirm the substantial implementation of its NCLT-approved Resolution Plan dated October 23, 2024, resulting in a restructured capital base and 95.0% promoter holding. Shareholder e-voting cut-off is set for September 23, 2026.

34th Annual General Meeting convened for September 30, 2026 via video conferencing
Record/cut-off date for remote e-voting fixed as September 23, 2026
Company reports zero revenue with a net loss of Rs 0.48 crore for FY26
Notes confirm Resolution Plan approved on October 23, 2024 has been substantially implemented
Disclosed unsecured, interest-free loan of 17.29 to related party Ardent Ventures LLP

💡 Track whether the company announces plans to restart or scale operational trading activities following its post-CIRP balance sheet restructuring.

Kanel Industries Schedules 34th AGM for Sept 30, 2026; Sets Sept 23 Cut-Off Date

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Aug 2026, 01:59 PM

Kanel Industries Limited has issued the notice for its 34th Annual General Meeting (AGM) to be held on September 30, 2026, via video conferencing. The cut-off date for determining shareholder voting rights is set as September 23, 2026, with remote e-voting scheduled from September 27 to September 29, 2026. Key agenda items include adopting the audited standalone financial statements for FY 2025-26 and regularizing the appointment of Ms. Pooja Khakhi as an Independent Director for a 5-year term. Notes to the financial statements highlight the ongoing implementation of the NCLT-approved IBC Resolution Plan from October 2024.

34th AGM scheduled for Wednesday, September 30, 2026, at 11:00 a.m. IST via Video Conferencing
Record/cut-off date for e-voting eligibility fixed as Wednesday, September 23, 2026
Remote e-voting window open from September 27, 2026 (09:00 a.m.) to September 29, 2026 (05:00 p.m.)
Resolution proposed to regularize appointment of Ms. Pooja Khakhi as Independent Director for up to 5 years from July 30, 2026
Document notes successful implementation of the CIRP Resolution Plan approved by NCLT on October 23, 2024

💡 Track shareholder approval of the resolutions at the September 30, 2026 AGM and monitor whether the company begins generating operational revenue post-resolution implementation.

Kanel Industries Reports Q1 FY27 Net Loss of ₹8.56 Lakhs; Appoints New CEO and CFO

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 03:44 PM

Kanel Industries continues to report zero operational revenue for the quarter ended June 30, 2026, maintaining a trend seen in previous quarters. The company recorded a net loss of ₹8.56 lakhs for the quarter, compared to a loss of ₹7.47 lakhs in the same period last year. Total expenses for the period stood at ₹8.62 lakhs, primarily consisting of administrative and employee costs. The board also restructured its leadership, elevating Mr. Keyoor Bakshi to CEO and appointing Ms. Shagun Rathi as the new CFO and Company Secretary.

Revenue from operations remained at ₹0 for the quarter ended June 30, 2026.
Net loss widened to ₹8.56 lakhs from ₹7.47 lakhs in the corresponding quarter of the previous year.
Total expenses increased to ₹8.62 lakhs, up from ₹7.57 lakhs in Q1 FY26.
Mr. Keyoor Bakshi, with 40+ years of experience, transitioned from CFO to CEO effective August 12, 2026.
Ms. Shagun Rathi was appointed as Company Secretary, Compliance Officer, and CFO effective August 12, 2026.

💡 Investors should monitor for any announcements regarding the commencement of business operations, as the company currently generates zero revenue despite a market capitalization of ₹125 Cr.

Kanel Industries Reports Q1 FY27 Net Loss of ₹8.56 Lakhs on Zero Revenue; CEO Appointed

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 03:40 PM

Kanel Industries continues to report zero operational revenue for the quarter ended June 30, 2026, consistent with its trailing twelve-month performance. The company posted a net loss of ₹8.56 Lakhs for the quarter, compared to a loss of ₹7.47 Lakhs in the same period last year. Alongside results, the board redesignated Keyoor Madhusudan Bakshi as CEO and appointed Shagun Rathi as the new CFO and Company Secretary. Despite a market capitalization of ₹125 Cr, the company remains fundamentally inactive with no core business income.

Revenue from operations remained at ₹0.00 for the quarter ended June 30, 2026
Net loss widened to ₹8.56 Lakhs from ₹7.47 Lakhs in the year-ago quarter
Total expenses for the quarter were ₹8.62 Lakhs, primarily driven by administrative costs
Keyoor Madhusudan Bakshi redesignated from CFO to CEO effective August 12, 2026
Promoter holding remains exceptionally high at 95.0% as of June 2026

💡 Investors should scrutinize the upcoming Annual Report for FY26 to understand the management's plan for reviving operations, as the company currently generates no revenue.

Board Meeting on Aug 12 to Approve Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 08 Aug 2026, 05:12 PM

Kanel Industries has scheduled a board meeting for August 12, 2026, to consider and approve standalone unaudited financial results for the quarter ended June 30, 2026. This follows a fiscal year (FY26) where the company reported zero revenue and a net loss of ₹0.48 crore. Despite the lack of revenue, the stock has seen a 164.8% price return over the last three months. Investors should note the extremely high promoter holding of 95.0% as of June 2026.

Board meeting scheduled for August 12, 2026, to approve June quarter results
Trading window has been closed since July 1, 2026, per SEBI regulations
Company reported ₹0.0 crore revenue for the entire TTM period
Promoter holding stands at a significant 95.0% as of the June 2026 quarter
Market capitalization is ₹114 crore despite zero trailing twelve-month revenue

💡 Monitor the upcoming results on August 12 to check if the company has commenced any revenue-generating operations, as TTM revenue currently stands at zero.

Rs 17 Crore Rights Issue Approved; Management Changes Following Control Shift

🟢 POSITIVE ⭐ 9/10

FUNDRAISE 📅 30 Jul 2026, 03:44 PM

Kanel Industries has approved a fundraise of up to Rs 17 crore through a rights issue of equity shares at Rs 10 face value. This capital infusion is highly material, representing approximately 113% of the company's current net worth of Rs 15 crore and 18.3% of its market capitalization. The board also appointed Ms. Pooja Khakhi as an Independent Director following the resignation of Ms. Jasmin Doshi, a move triggered by the recent change in management and control via an open offer. Given the company's current TTM revenue of Rs 0 crore, this fundraise is a critical step toward potential business revival.

Approved fundraise of up to Rs 17 crore via a Rights Issue to eligible shareholders.
Fundraise amount of Rs 17 crore exceeds the company's current Net Worth of Rs 15 crore.
Promoter holding stands at 95.0% as of June 2026, following a management change and open offer.
Appointment of Ms. Pooja Khakhi as Independent Director, bringing 10+ years of legal and secretarial experience.
Resignation of Ms. Jasmin Doshi effective July 30, 2026, citing the change in management and control.

💡 Investors should monitor the upcoming announcement regarding the Rights Issue price, entitlement ratio, and record date. The primary focus should be on the company's plan for utilizing these funds to generate revenue, as current operations are stagnant.

Board Meeting on July 30 to consider fundraise via Rights Issue

🔵 WATCH ⭐ 7/10

FUNDRAISE 📅 25 Jul 2026, 06:39 PM

Kanel Industries has scheduled a board meeting for July 30, 2026, to consider a proposal for raising funds through a Rights Issue of equity shares. This announcement is significant as the company currently reports zero TTM revenue and has a small net worth of Rs 15 Cr. The promoter holding recently increased to 95.0% as of June 2026, suggesting a highly concentrated ownership structure. Investors should note that the company is currently loss-making with a TTM EPS of Rs -0.31.

Board meeting scheduled for July 30, 2026, to discuss fund raising.
Fundraise proposed via Rights Issue of equity shares subject to regulatory approvals.
Company reports zero TTM revenue and a net loss for the trailing twelve months.
Promoter holding stands at 95.0% as of the June 2026 quarter.
Market capitalization is currently Rs 89 Cr against a net worth of Rs 15 Cr.

💡 Monitor the outcome of the July 30 board meeting for specific details on the rights issue size, price, and record date. Investors should specifically look for management's plan to utilize these funds to restart or expand operations, given the current zero-revenue status.

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