Key Corporation Ltd (507948)
Q2 FY27 results
📅 Next results: 21 Oct 2026 (board meeting)Key Corporation Ltd's board meets on 21 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Key's revenue was ₹9.5 Cr, and net profit ₹9.2 Cr; the operating margin was 97.9%.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹9.5 | — | — |
| Operating profit | ₹9.3 | — | — |
| Net profit | ₹9.2 | — | — |
| EPS (₹) | 15.41 | — | — |
| Operating margin | 97.9% | — | — |
📢 Recent Corporate Announcements
Key Corporation Ltd has announced its Extra-Ordinary General Meeting (EGM) scheduled for Tuesday, September 8, 2026, at 11:00 AM IST via video conferencing. The cut-off date to determine shareholder eligibility for remote e-voting is Tuesday, September 1, 2026. The remote e-voting window will open on September 4, 2026 (9:00 AM IST) and close on September 7, 2026 (5:00 PM IST). Voting results will be declared within two working days following the conclusion of the EGM.
- EGM scheduled for Tuesday, September 8, 2026, at 11:00 AM IST via VC/OAVM
- Cut-off date for e-voting entitlement set as Tuesday, September 1, 2026
- Remote e-voting window runs from September 4, 2026 (9:00 AM) to September 7, 2026 (5:00 PM)
- Voting platform provided by Central Depository Services (India) Limited (CDSL)
Key Corp Limited's Board of Directors has approved raising funds through a Rights Issue of fully paid-up equity shares for an aggregate amount not exceeding Rs 15 crore. The specific issue price, entitlement ratio, and record date will be determined subsequently by an authorized committee. Against the company's reported net worth of Rs 65 crore, this proposed fundraise represents approximately 23.1% of net worth.
- Board approved a Rights Issue of fully paid-up equity shares for an amount not exceeding Rs 15 crore.
- Issue price, rights entitlement ratio, and record date to be finalized and notified subsequently.
- Authorized committee constituted to manage execution and appointment of intermediaries.
- Proposed fundraise of Rs 15 crore equals ~23.1% of existing net worth (Rs 65 crore).
The Board of Directors of Key Corp Limited approved a fundraise through a Rights Issue of fully paid-up equity shares of face value Rs 10 each. The total issue size is capped at an amount not exceeding Rs 15 crore. The issue price, rights entitlement ratio, record date, and payment terms will be finalized by the designated committee subsequently. Relative to the company's net worth of Rs 65 crore, the proposed issue represents approximately 23.1% of net worth.
- Rights issue approved for a total amount not exceeding Rs 15 crore
- Proposed issuance of fully paid-up equity shares with face value of Rs 10 each
- Issue price, rights entitlement ratio, and record date to be finalized subsequently
- Board meeting commenced at 11:00 AM IST and concluded at 11:30 AM IST on August 20, 2026
Key Corporation Ltd announced that its shareholders approved the appointment of two Independent Directors via postal ballot concluded on August 18, 2026. Mr. Yogesh Yashpaul Chadha (possessing 37 years of financial services experience) and Mr. Devesh Srivastava (former CMD of GIC Re) have been appointed for 5-year terms from July 15, 2026 to July 14, 2031. Neither appointee is related to existing directors or debarred by SEBI. The appointments strengthen board governance and risk oversight for the NBFC.
- Appointment of 2 Independent Directors approved via postal ballot deemed passed on August 18, 2026
- Mr. Yogesh Yashpaul Chadha appointed for a 5-year term from July 15, 2026 to July 14, 2031
- Mr. Devesh Srivastava appointed for a 5-year term from July 15, 2026 to July 14, 2031
- Profiles include 37 years of financial sector leadership and former CMD experience at GIC Re
Key Corporation Ltd's shareholders have approved amendments to the company's Memorandum of Association (MoA) object clause via postal ballot deemed passed on August 18, 2026. The alteration broadens the company's operating scope to include housing finance, co-lending arrangements, multi-category retail/MSME lending, and insurance broking/agency services. It also incorporates technology and digital infrastructure capabilities, such as automated credit underwriting and API integrations, aligning operations with NHB, RBI, and IRDAI regulations.
- Shareholder resolution approved via Postal Ballot remote e-voting deemed passed on August 18, 2026
- Amended Clause III(A) to permit housing finance business subject to NHB and RBI regulations
- Added provisions for co-lending frameworks, syndication, and priority sector loan portfolio refinancing
- Included objects for acting as an insurance agent/intermediary under IRDAI regulations
- Enabled development and commercialization of SaaS platforms, APIs, and digital credit underwriting systems
Key Corp Limited has issued a notice convening an Extra-Ordinary General Meeting (EOGM) on September 08, 2026, via video conferencing. The sole business agenda is a special resolution to re-appoint Mr. Ravindra Kumar Tandon as a Non-Executive Independent Director for a second term of 5 years, effective June 09, 2026, to June 08, 2031. Remote e-voting will be open from September 04, 2026, to September 07, 2026.
- EOGM scheduled for Tuesday, September 08, 2026, at 11:00 AM via VC/OAVM
- Special resolution proposed to re-appoint Mr. Ravindra Kumar Tandon as Independent Director for a 5-year term from June 09, 2026, to June 08, 2031
- Remote e-voting begins September 04, 2026 (9:00 AM IST) and ends September 07, 2026 (5:00 PM IST)
- Mr. Ravindra Kumar Tandon initially served a 5-year term starting June 10, 2021, which expired June 09, 2026
Key Corp Limited has scheduled a meeting of its Board of Directors on August 20, 2026. The board will consider and approve a proposal to raise funds up to Rs 15 Crore through a Rights Issue of equity shares of face value Rs 10 each. Relative to the company's net worth of Rs 65 Crore, the proposed fundraise represents approximately 23.1% of equity capital. Detailed issue terms, including issue price, rights entitlement ratio, and record date, will be decided during or after the meeting.
- Board meeting scheduled for Thursday, August 20, 2026
- Fundraise proposed via Rights Issue for an amount not exceeding Rs 15 Crore
- Equity shares to be offered have a face value of Rs 10 each
- Proposed fundraise is equivalent to ~23.1% of the company's Rs 65 Crore net worth
Key Corporation Ltd has completed the regulatory requirement of publishing its financial results for the quarter ended June 30, 2026, in one Hindi and one English newspaper. The results were approved during a Board of Directors meeting held on July 15, 2026, which lasted for one hour. This filing is a procedural compliance under SEBI (LODR) Regulation 30. The specific financial figures (revenue, profit) were not included in this particular cover letter but were part of the newspaper publication.
- Board meeting held on July 15, 2026, to approve financial results
- Meeting duration was exactly 60 minutes, from 1:30 PM to 2:30 PM
- Results pertain to the first quarter ended June 30, 2026
- Compliance filing confirms publication in one Hindi and one English newspaper
Key Corporation Ltd reported a sharp turnaround in Q1 FY27 with a Net Profit of ₹9.24 Cr, recovering from a loss of ₹9.62 Cr in the previous quarter. The Board has approved a major strategic shift, altering its Memorandum of Association to enter Housing Finance and Insurance Distribution. To support this, the company is seeking shareholder approval to increase its borrowing limit to ₹500 Cr, which is approximately 7.6x its current Net Worth of ₹65.37 Cr. However, asset quality remains a concern as Gross NPA rose to 9.09% from 7.86% sequentially.
- Reported Net Profit of ₹924.40 lakhs for Q1 FY27 vs a loss of ₹961.61 lakhs in the preceding quarter.
- Proposed a significant increase in borrowing limits to ₹500 Crore, subject to postal ballot approval.
- Gross NPA increased to 9.09% as of June 30, 2026, compared to 7.86% in the previous quarter.
- Approved expansion into Housing Finance, MSME loans, and Insurance Distribution via MOA alteration.
- Appointed two Independent Directors, Yogesh Yashpaul Chadha and Devesh Srivastava, for 5-year terms.
Key Corporation Ltd has announced a significant expansion of its business objects, moving beyond its current NBFC scope. The Board approved amendments to the Memorandum of Association (MoA) to include housing finance, MSME lending, vehicle loans, and insurance distribution. These changes, approved in a board meeting on July 15, 2026, are subject to shareholder approval via postal ballot and regulatory clearances from the RBI and NHB. This strategic pivot comes as the stock has faced a 55.9% decline over the past 12 months.
- Board approved the addition of Clause III(A)(5) to enter the housing finance sector under NHB and RBI regulations
- New Clause III(A)(8) allows the company to act as an insurance agent, broker, or consultant for life and general insurance
- Diversification into multiple lending segments including MSME, gold, vehicle, and personal loans under Clause III(A)(7)
- The board meeting was conducted within 1 hour, starting at 01:30 PM and concluding at 02:30 PM on July 15, 2026
- Stock performance context shows a significant 12-month price return of -55.9% prior to this announcement
Key Corporation Ltd has appointed two high-profile Independent Directors, Mr. Yogesh Chadha and Mr. Devesh Srivastava, for a 5-year term effective July 15, 2026. Mr. Chadha brings 37 years of experience from senior roles at JP Morgan Chase, HSBC, and DCB Bank, while Mr. Srivastava is the former CMD of GIC Re and GIC Housing Finance. These appointments aim to strengthen the board's expertise in risk management and corporate governance following a 55.9% decline in the company's stock price over the last 12 months. The appointments are subject to shareholder approval via postal ballot.
- Appointment of 2 new Independent Directors for a fixed 5-year term ending July 14, 2031
- Mr. Yogesh Chadha brings 37 years of professional experience including senior CXO positions at global banks
- Mr. Devesh Srivastava is the former Chairman & Managing Director of GIC Re and GIC Housing Finance
- Mr. Chadha previously oversaw Mirae Asset Investment Managers (India) with an AUM of approximately USD 25 billion
Key Corporation Ltd reported a significant turnaround in Q1 FY27 with a Net Profit of ₹924.40 lakhs, compared to a loss of ₹961.61 lakhs in the year-ago period. The board has approved a major strategic shift, expanding business objects to include housing finance, MSME loans, and insurance distribution. To fund this expansion, the company is seeking shareholder approval to increase its borrowing limit to ₹1500 Crore. However, asset quality remains a concern with Gross NPA at 9.09% and Net NPA at 8.18% as of June 30, 2026.
- Reported Net Profit of ₹924.40 lakhs for Q1 FY27 vs a loss of ₹961.61 lakhs in Q1 FY26
- Proposed increase in borrowing limits to ₹1500 Crore, representing ~23x the current Net Worth of ₹65.37 Crore
- Gross NPA and Net NPA stood at 9.09% and 8.18% respectively for the quarter ended June 30, 2026
- Board approved entry into new segments: Housing Finance, MSME loans, and Insurance Distribution
- Appointment of two Independent Directors for a 5-year term until July 2031
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