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Kuber Udyog Ltd (539408)

📊 BSE: 539408 🏢 Non Banking Financial Company (NBFC) 📢 Latest filing: 12 Oct 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Kuber Udyog's net interest income was ₹0.1 Cr (-36.8% year on year, -87.9% on the previous quarter), and net profit ₹0.2 Cr (+143.1% year on year).

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Net interest income	₹0.1	-36.8%	-87.9%
Operating profit	₹0.3	—	—
Net profit	₹0.2	+143.1%	-12.5%
EPS (₹)	0.64	+146.2%	-12.3%

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Kuber Udyog Updates Corporate Identification Number Following Object Clause Alteration

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Oct 2026, 05:59 PM

Kuber Udyog Limited announced a change in its Corporate Identification Number (CIN) to L49220MH1982PLC371203 from L51909MH1982PLC371203. The change follows the alteration of the company's Object Clause in its Memorandum of Association, approved by shareholders at the 44th AGM on September 05, 2026. The Ministry of Corporate Affairs has issued the Certificate of Registration for the alteration, leading to a reclassification under the applicable National Industrial Classification (NIC) code. This is an administrative update with no direct impact on immediate earnings or cash flows.

Corporate Identification Number updated to L49220MH1982PLC371203 from previous L51909MH1982PLC371203
Shareholder approval granted at the 44th Annual General Meeting held on September 05, 2026
Ministry of Corporate Affairs registered the alteration under Section 13(1) of the Companies Act, 2013

💡 Track subsequent filings to observe whether the amended object clause leads to operational changes or entry into new business lines beyond its current NBFC operations.

Open Offer to acquire 26.00% stake (3.20 Cr shares) at ₹23.35 per share by Acquirers

🔵 WATCH ⭐ 9/10

M&A 📅 21 Aug 2026, 07:11 PM

Acquirers (Manav Bahri, Dinesh Popli, Ajay Dutta) along with PAC (Trimudra Trade & Holdings Pvt Ltd) have filed a Draft Letter of Offer to acquire up to 3,19,71,680 equity shares of Kuber Udyog Ltd. The offer represents 26.00% of the expanded voting share capital at an offer price of ₹23.35 per share payable in cash, amounting to ~₹74.65 Cr. The offer price represents a discount to the current market price of ₹40.0. The tendering period is scheduled from October 01, 2026 to October 15, 2026.

Open offer for up to 3,19,71,680 equity shares representing 26.00% of expanded voting share capital
Offer price fixed at ₹23.35 per equity share in cash, totaling up to ~₹74.65 Cr
Tendering window scheduled to open on October 01, 2026, and close on October 15, 2026
Independent Directors' Committee recommendation due by September 25, 2026

💡 Track the SEBI observation timeline (scheduled for September 15, 2026) and the Independent Directors Committee recommendation on the offer price before the tendering period opens on October 01, 2026.

Rs 23.35 Open Offer for 26% Stake in Kuber Udyog Ltd

🔵 WATCH ⭐ 9/10

M&A 📅 14 Aug 2026, 02:38 PM

A group of individual acquirers (Manav Bahri, Dinesh Popli, Ajay Dutta) and Trimudra Trade & Holdings (PAC) have launched an open offer to acquire 3,19,71,680 shares of Kuber Udyog Ltd. This represents 26% of the company's expanded voting share capital at an offer price of Rs 23.35 per share. The offer price is at a significant ~22% discount to the current market price of Rs 29.9. The large number of shares in the offer relative to the current market cap (Rs 10 Cr) suggests a substantial expansion of the company's share capital base.

Open offer to acquire up to 3,19,71,680 equity shares at Rs 23.35 per share
Offer represents 26.00% of the Expanded Voting Share Capital of the company
Offer price of Rs 23.35 is ~22% lower than the current market price of Rs 29.9
Acquirers include three individuals and Trimudra Trade & Holdings Private Limited
Detailed Public Statement (DPS) published on August 14, 2026, following the August 7 announcement

💡 Investors should monitor the open offer timeline and the specific reasons for the 'Expanded Voting Share Capital,' which implies significant upcoming equity dilution or capital infusion. The offer price being below market price suggests limited immediate upside for retail participants tendering shares.

Kuber Udyog proposes 25x increase in Authorized Share Capital to ₹125 Cr

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 13 Aug 2026, 05:54 PM

Kuber Udyog has issued a notice for its 44th AGM on September 5, 2026, with a primary agenda to increase its authorized share capital from ₹5 Cr to ₹125 Cr. This massive 25x expansion is highly significant given the company's current market capitalization of only ₹10 Cr. Additionally, the company is seeking approval to increase the Foreign Portfolio Investor (FPI) limit to 74%. These moves typically precede a major fundraise, acquisition, or structural business pivot.

Proposed increase in Authorized Share Capital from ₹5 Cr to ₹125 Cr
FPI investment limit proposed to be increased to 74% of paid-up equity
44th Annual General Meeting scheduled for September 05, 2026
Proposed capital increase represents 12.5x the current market capitalization of ₹10 Cr
Regularization of Mrs. Purvi Samir Patel as an Independent Director for a 1-year term

💡 Investors should monitor the AGM outcomes and subsequent filings for the specific fund-raising mechanism (e.g., Rights Issue, QIP, or Preferential Allotment) that will utilize this expanded capital headroom.

Kuber Udyog to Increase Authorized Capital to ₹5 Cr; 44th AGM Set for Sept 5

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 13 Aug 2026, 05:48 PM

Kuber Udyog Ltd has released its FY 2025-26 Annual Report, proposing a significant increase in authorized share capital from ₹1.5 crore to ₹5 crore. This 233% expansion of the capital base often precedes future equity fundraising or bonus issues. The company reported a sharp recovery in FY26 with revenue of ₹1.55 crore and PAT of ₹0.48 crore, compared to just ₹0.03 crore PAT in FY25. Investors should note the appointment of a new Independent Director and the adoption of updated MOA/AOA documents at the upcoming AGM on September 5, 2026.

Proposed increase in Authorized Share Capital from ₹1.5 crore to ₹5 crore
FY26 Revenue grew to ₹1.55 crore from ₹0.43 crore in the previous year
Net Profit for FY26 reached ₹0.48 crore, up from ₹0.03 crore in FY25
44th Annual General Meeting (AGM) scheduled for September 5, 2026
Appointment of Purvi Samir Patel as Independent Director for a 1-year term

💡 Monitor the AGM proceedings on September 5 for approval of the capital increase and watch for any subsequent announcements regarding a potential rights issue or preferential allotment.

Rs 74.65 Cr Open Offer for Kuber Udyog at Rs 23.35 Following Golden Ikon Acquisition

🔵 WATCH ⭐ 10/10

M&A 📅 07 Aug 2026, 09:55 PM

Kuber Udyog is undergoing a major transformation through the acquisition of 100% of Golden Ikon Fleet Management Private Limited via a share swap. This transaction, along with a preferential issue, triggers a mandatory open offer for 26% of the expanded capital (3.19 crore shares) at Rs 23.35 per share. The total offer consideration of Rs 74.65 crore is significantly higher than the company's current market cap of Rs 8 crore. Concurrently, the company has applied to surrender its NBFC license, signaling a complete shift in business operations.

Open offer for 3,19,71,680 shares at Rs 23.35 per share, totaling Rs 74.65 crore
Expanded voting share capital to increase to 12,29,68,000 shares from the current 34,33,000 shares
Acquisition of 100% of Golden Ikon Fleet Management via issuance of 7,62,85,000 shares to acquirers
Total proposed preferential issue of 11,58,35,000 equity shares and 37,00,000 warrants
Voluntary surrender of NBFC license applied for on July 24, 2026, pending RBI approval

💡 Investors should closely monitor the Detailed Public Statement (DPS) for financial details of Golden Ikon Fleet Management and the progress of the NBFC license surrender, as the company's fundamental business model is changing entirely.

₹74.65 Cr Open Offer for Kuber Udyog at ₹23.35/share following Golden Ikon acquisition

🔵 WATCH ⭐ 10/10

M&A 📅 07 Aug 2026, 09:02 PM

Kuber Udyog Ltd is undergoing a massive structural transformation through the acquisition of 100% of Golden Ikon Fleet Management Private Limited. To fund this and change control, the company is proposing a preferential issue that will expand its share capital from 34.33 lakh shares to 12.29 crore shares. This has triggered a mandatory open offer for 26% of the expanded capital (3.19 crore shares) at ₹23.35 per share, totaling ₹74.65 crore. Additionally, the company has applied to surrender its NBFC license, signaling a complete pivot in its business model.

Open offer price set at ₹23.35 per share, a slight discount to the current market price of ₹24.6
Total offer consideration of ₹74.65 crore is approximately 9.3x the company's current market capitalization of ₹8 crore
Equity base to expand significantly from 34.33 lakh shares to 12.29 crore shares upon completion of the preferential issue
Acquisition of 100% of Golden Ikon Fleet Management via a share swap (7.62 crore shares to be issued as consideration)
Voluntary surrender of NBFC Certificate of Registration submitted to RBI on July 24, 2026, pending approval

💡 Investors should review the upcoming Detailed Public Statement (DPS) to understand the financials and business prospects of Golden Ikon Fleet Management. Monitor the progress of the NBFC license surrender and the timeline for the preferential allotment.

Rs 176 Cr Acquisition: Kuber Udyog to Acquire Golden Ikon Fleet Management via Share Swap

🟢 POSITIVE ⭐ 10/10

M&A 📅 07 Aug 2026, 06:47 PM

Kuber Udyog (Market Cap Rs 8 Cr) has approved the 100% acquisition of Golden Ikon Fleet Management for Rs 176.22 Cr, a massive transaction relative to its current size. The deal is structured as a share swap, issuing 7.62 Cr shares at Rs 23.10 each, alongside a cash fundraise of 3.95 Cr shares. This marks a complete pivot from NBFC operations to fleet management, involving the surrender of its RBI license and a 25x increase in authorized share capital to Rs 125 Cr.

Acquisition of 100% stake in Golden Ikon Fleet Management for a total consideration of Rs 176.22 Cr
Target company revenue grew 68% in two years, reaching Rs 307.92 Cr in FY26 from Rs 182.50 Cr in FY24
Issuance of 7.62 Cr shares for the swap and 3.95 Cr shares for cash at Rs 23.10 per share
Authorized share capital increased from Rs 5 Cr to Rs 125 Cr to accommodate the new issuance
Company is surrendering its NBFC license to pivot into fleet management and vehicle rental services

💡 Monitor the shareholder approval process at the AGM on September 05, 2026, and the regulatory timeline for the NBFC license surrender. Investors should evaluate the execution risk of a micro-cap company acquiring an entity with 150x its current revenue.

Rs 176 Cr Acquisition: Kuber Udyog to Pivot from NBFC to Fleet Management via Golden Ikon

🟢 POSITIVE ⭐ 10/10

M&A 📅 07 Aug 2026, 06:32 PM

Kuber Udyog is undergoing a total business transformation by acquiring 100% of Golden Ikon Fleet Management for Rs 176.22 Cr through a share swap. The company will surrender its NBFC license and pivot to fleet and facility management, a sector where the target entity generated Rs 307.92 Cr in FY26 revenue. To facilitate this, the board approved a massive increase in authorized capital from Rs 5 Cr to Rs 125 Cr and a preferential issue of over 11.5 crore shares at Rs 23.10 each. This acquisition is approximately 22 times the company's current market cap of Rs 8 Cr.

Acquisition of 100% stake in Golden Ikon Fleet Management for a total consideration of Rs 176.22 Cr.
Target entity Golden Ikon reported FY26 revenue of Rs 307.92 Cr, a 68% increase from FY24 levels.
Authorized share capital to be increased from Rs 5 Cr to Rs 125 Cr to accommodate new issuances.
Preferential issue of 3,95,50,000 equity shares for cash to public/non-promoter investors at Rs 23.10 per share.
Company to surrender its NBFC license to RBI and change its name and main business objects.

💡 Watch for shareholder approval at the AGM on September 5, 2026, and the successful completion of the NBFC license surrender process with the RBI.

Kuber Udyog to consider fundraise via preferential issue on August 7, 2026

🔵 WATCH ⭐ 7/10

FUNDRAISE 📅 04 Aug 2026, 05:25 PM

Kuber Udyog Ltd, a micro-cap NBFC with a market capitalization of just Rs 8 Cr, has scheduled a board meeting for August 7, 2026, to consider raising funds. The company plans to issue equity shares, warrants, or convertible securities, likely through a preferential issue. With a current net worth of only Rs 4 Cr and TTM revenue of Rs 2 Cr, any substantial fundraise will be highly material to its capital structure. Investors should note the stock has seen a 96.6% price return over the last six months leading up to this announcement.

Board meeting scheduled for August 7, 2026, to approve capital raising.
Proposed instruments include equity shares, warrants, and convertible securities.
Company market cap is currently Rs 8 Cr, making any fundraise significant in scale.
Latest TTM revenue stands at Rs 2 Cr with a net worth of Rs 4 Cr.
Fundraising mode specified as preferential issue or other permissible modes.

💡 Monitor the post-meeting disclosure on August 7 for the total amount to be raised, the issue price, and the identity of the investors (promoters vs. outsiders).

Kuber Udyog to Surrender NBFC License; Q1 Net Profit Rises 146% YoY to ₹21.88 Lakhs

🔵 WATCH ⭐ 9/10

REGULATORY 📅 23 Jul 2026, 06:52 PM

Kuber Udyog has announced a major strategic shift by deciding to surrender its NBFC license to the Reserve Bank of India. For Q1 FY27, the company reported a net profit of ₹21.88 lakhs, a 146% increase from ₹8.90 lakhs in the previous year's quarter, on a total revenue of ₹34.42 lakhs. The company is also contesting a SEBI penalty of ₹18.50 lakhs at the Securities Appellate Tribunal (SAT), with the next hearing scheduled for August 5, 2026. Additionally, Mrs. Purvi Samir Patel has been appointed as an Independent Director for a one-year term.

Net Profit increased by 145.8% YoY to ₹21.88 lakhs for the quarter ended June 30, 2026.
Total Revenue grew to ₹34.42 lakhs in Q1 FY27 compared to ₹25.25 lakhs in Q1 FY26.
Board approved the formal application to RBI for surrendering the company's NBFC license.
A SEBI penalty of ₹18,49,541.79 is currently under appeal at SAT, representing ~85% of the current quarter's profit.
Mrs. Purvi Samir Patel appointed as Additional Independent Director effective July 23, 2026.

💡 Investors should closely monitor the RBI's response to the license surrender and the outcome of the SAT hearing on August 5, 2026. It is critical to understand the company's future business model once it ceases to be an NBFC.

₹21.88 Lakh Q1 Profit: Kuber Udyog to surrender NBFC license; SEBI penalty case pending

🔵 WATCH ⭐ 7/10

EARNINGS 📅 23 Jul 2026, 06:49 PM

Kuber Udyog reported a 145% YoY increase in net profit to ₹21.88 Lakhs for Q1 FY27, though this was primarily driven by ₹21.98 Lakhs in fair value gains rather than core operations. Revenue from operations actually declined 52.4% YoY to ₹12.01 Lakhs. Most significantly, the Board has approved surrendering the company's NBFC license to the RBI, indicating a fundamental shift in the business model. Additionally, a SEBI penalty of ₹18.5 Lakhs (approx. 4.6% of net worth) remains under appeal at the SAT.

Net Profit rose to ₹21.88 Lakhs in Q1 FY27 from ₹8.90 Lakhs in Q1 FY26.
Revenue from operations decreased to ₹12.01 Lakhs from ₹25.25 Lakhs YoY.
Fair value gains of ₹21.98 Lakhs accounted for the majority of the total income.
Board approved the application to RBI for surrendering the NBFC license.
SEBI penalty of ₹18.5 Lakhs is pending before SAT with the next hearing on August 5, 2026.

💡 Investors should monitor the RBI's acceptance of the NBFC license surrender and the outcome of the SAT hearing on August 5, 2026, to understand the company's future business direction and legal liabilities.

Kuber Udyog Q1 Profit Rises to ₹21.88 Lakhs; Board to Surrender NBFC License

🔵 WATCH ⭐ 8/10

EARNINGS 📅 23 Jul 2026, 06:46 PM

Kuber Udyog reported a Q1 FY27 net profit of ₹21.88 Lakhs, up 145% YoY from ₹8.90 Lakhs, though this was primarily driven by fair value gains of ₹21.98 Lakhs rather than core operations. Revenue from operations declined 52% YoY to ₹12.01 Lakhs. In a major strategic shift, the board approved surrendering the company's NBFC license to the RBI. Additionally, the company is contesting a ₹18.50 Lakh SEBI penalty at the SAT, with the next hearing scheduled for August 5, 2026.

Net Profit increased to ₹21.88 Lakhs in Q1 FY27 compared to ₹8.90 Lakhs in Q1 FY26.
Revenue from operations fell significantly to ₹12.01 Lakhs from ₹25.25 Lakhs YoY.
Total revenue of ₹34.42 Lakhs was bolstered by ₹21.98 Lakhs in net gains on fair value changes.
Board approved an application to the RBI for the surrender of its NBFC license.
A SEBI penalty of ₹18.50 Lakhs is currently under appeal with a SAT hearing on August 5, 2026.

💡 Investors should monitor the RBI's response to the license surrender and seek clarity on the company's future business direction outside the NBFC space. The outcome of the SAT hearing on August 5 is a key near-term risk to watch.

July 23 Board Meeting scheduled to approve Q1 FY27 financial results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 20 Jul 2026, 08:05 PM

Kuber Udyog Ltd has scheduled a board meeting on July 23, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap NBFC with a market capitalization of just Rs 8 Cr and TTM revenue of Rs 2 Cr. Investors should note that the March 2026 quarter saw a significant revenue spike to Rs 1.0 Cr, which accounted for 50% of the total TTM revenue. The trading window for insiders has been closed since July 1, 2026, and will remain so until 48 hours after the results are published.

Board meeting scheduled for July 23, 2026, to approve Q1 results.
Trading window closed from July 1, 2026, until 48 hours post-announcement.
Company reported a significant revenue of Rs 1.0 Cr in the previous quarter (Mar 2026).
TTM revenue stands at Rs 2 Cr against a market cap of Rs 8 Cr.

💡 Monitor the results on July 23 to verify if the revenue growth seen in the March 2026 quarter (Rs 1.0 Cr) is sustainable or a one-off event compared to previous quarters (avg Rs 0.2 Cr).

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