Kavveri Defence & Wireless Technologies Limited (KAVDEFENCE)
₹93.92 +1.58% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Kavveri Defence's revenue was ₹1.4 Cr (-63.1% year on year, +56.9% on the previous quarter), and net profit ₹-1.2 Cr (against a profit a year earlier); the operating margin was -103.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1.4 | -63.1% | +56.9% |
| Operating profit | ₹-1.5 | to loss | loss narrowed |
| Net profit | ₹-1.2 | to loss | to loss |
| EPS (₹) | -0.20 | to loss | to loss |
| Operating margin | -103.1% | — | — |
KAVDEFENCE bulk deals
NSE end-of-day data for
It closed at a price band (circuit) on 11 sessions in about the last 20. 1 bulk or block deal was reported in KAVDEFENCE in the last 60 days: ₹6 Cr bought, none sold.
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 8 Oct | Buy | Guttikonda Rajasekhar | ₹5.64 Cr | ₹94.01 | 600,000 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Kavveri Defence & Wireless Technologies Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Transfer Agent Integrated Registry Management Services Pvt. Ltd. on October 7, 2026, confirms that securities received for dematerialisation during the quarter were duly processed, confirmed to depositories, and listed on stock exchanges. This is a mandatory and recurring administrative disclosure with no financial impact.
- Regulation 74(5) certificate submitted for the quarter ended September 30, 2026
- Certificate received from RTA Integrated Registry Management Services Pvt. Ltd. dated October 7, 2026
- Filing submitted to BSE and NSE on October 8, 2026
Kavveri Defence & Wireless Technologies submitted revised proceedings for its 31st Annual General Meeting held on September 30, 2026. The revision corrects a clerical error in shareholder attendance, amending the count of members present in person from 45 to 55. Key resolutions placed before shareholders included adoption of FY26 audited accounts, re-appointment of directors, executive remuneration, and approvals for material related-party transactions with entities such as Samoro Telecoms, Til-Tek Antenna, Kaytech Coverage Solutions, and Kavveri Technologies. The official voting results and scrutinizer report are to be announced within two working days.
- AGM attendance figure corrected to 55 members in person (previously stated as 45)
- 31st Annual General Meeting held on September 30, 2026, commencing at 10:00 A.M. and concluding at 10:30 A.M.
- Shareholders voted on 12 agenda items, including multiple material related-party transactions and executive remuneration
- Voting results and Scrutinizer's report expected within 2 working days from AGM conclusion
Kavveri Defence & Wireless Technologies Limited has notified exchanges of its trading window closure starting October 01, 2026. The window will remain shut until 48 hours following the declaration of unaudited financial results for the quarter and half-year ended September 30, 2026. This is a mandatory compliance step pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015. No date has yet been announced for the board meeting to approve the results.
- Trading window closes effective October 01, 2026
- Closure will last until 48 hours after financial results declaration
- Results pertain to the quarter and half-year ended September 30, 2026
Kavveri Defence announced an execution update reporting confirmed orders in hand aggregating to ₹22 crore from large established defence customers in India and overseas. The order covers antennas, filters, switches, and RF components, with zero value executed to date and the balance ₹22 crore currently under production. The scheduled execution timeline is within the next 2-3 months. Relative to the company's TTM revenue of ₹6 crore, this pending order represents over 3.6x trailing annual revenue, indicating significant potential revenue acceleration.
- Confirmed orders in hand aggregating to ₹22 crores (document also notes '222 crores in aggregate' in table, summarized as Rs. 22 cr)
- Execution timeline scheduled within 2-3 months (expected completion in 3 months)
- Value executed till date is ₹0, with entire ₹22 crore currently under production
- Scope includes antennas, filters, switches, and RF components for defence customers
The Board of Kavveri Defence & Wireless Technologies has approved a Scheme of Amalgamation to merge promoter-owned Samoro Telecoms Private Limited into itself. Under the swap ratio of 453:1, Kavveri Defence will issue 2.265 crore fresh equity shares (increasing total share count from 6.01 crore to 8.28 crore). For FY26 (ended March 31, 2026), Samoro reported a turnover of ₹4.70 crore and a negative net worth of -₹0.40 crore (₹-39.63 lakhs). Consequently, promoter shareholding will increase sharply from 24.56% to 45.20%, while public shareholding will dilute from 75.44% to 54.80%, subject to NCLT and public shareholder approvals.
- Share swap ratio set at 453 equity shares of Kavveri Defence for every 1 share of Samoro Telecoms
- Samoro Telecoms FY26 turnover stood at ₹469.75 lakhs (₹4.70 cr) with negative net worth of ₹-39.63 lakhs
- Promoter shareholding will increase from 24.56% to 45.20%, adding 2,26,50,000 fresh equity shares
- Transaction involves common promoters and requires approval of public shareholders and NCLT
The Board of Kavveri Defence & Wireless Technologies approved a Scheme of Amalgamation with promoter-owned Samoro Telecoms Private Limited. Under the proposed swap ratio, 453 equity shares of Kavveri Defence will be issued for every 1 share of Samoro Telecoms, resulting in the issuance of 2.265 crore new shares. Consequently, promoter shareholding will increase from 24.56% to 45.20%, while public shareholding will dilute to 54.80%. For FY26 (ended March 31, 2026), Samoro reported a turnover of ₹4.70 crore (₹469.75 lakhs) and a negative net worth of ₹-0.40 crore (₹-39.63 lakhs).
- Share swap ratio fixed at 453 equity shares of Kavveri Defence for every 1 equity share of Samoro Telecoms
- Total equity share capital will expand from 6,01,24,260 shares to 8,27,74,260 shares (37.67% dilution)
- Promoter shareholding will increase from 24.56% to 45.20%, while public holding drops from 75.44% to 54.80%
- Samoro Telecoms reported FY26 turnover of ₹4.70 crore with a negative net worth of ₹-39.63 lakhs and total assets of ₹29.33 crore
Kavveri Defence & Wireless Technologies Limited has notified the exchanges regarding its book closure dates and remote e-voting cut-off for its upcoming 31st Annual General Meeting (AGM). The 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 determining shareholder voting eligibility has been set for September 23, 2026. This is a routine administrative compliance event with no operational or financial impact.
- Book closure scheduled from September 24, 2026 to September 30, 2026 (both days inclusive)
- Remote e-voting cut-off date established as September 23, 2026
- Record setting conducted for convening the company's 31st Annual General Meeting
- Applies to equity shares with paid-up face value of Rs. 10/- each
Kavveri Defence & Wireless Technologies Limited has approved the notice for its 31st Annual General Meeting (AGM) to be held physically on September 30, 2026. The remote e-voting window is set from September 27, 2026 (09:00 AM) to September 29, 2026 (05:00 PM). The Register of Members and Share Transfer Books will remain closed from September 24 to September 30, 2026. The board also appointed M/s. G Bhat & Associates as the scrutinizer for the e-voting process.
- 31st Annual General Meeting scheduled for September 30, 2026 at 10:00 AM
- Remote e-voting period open from September 27, 2026 (09:00 AM) to September 29, 2026 (05:00 PM)
- Book closure fixed from September 24, 2026 to September 30, 2026
- M/s. G Bhat & Associates appointed as scrutinizer for the AGM e-voting process
Kavveri Defence & Wireless Technologies reported a consolidated net loss of Rs 1.21 Cr (Rs 121.10 lakhs) for the quarter ended June 30, 2026, down from a net profit of Rs 1.08 Cr in the corresponding quarter of the previous year. Consolidated total income fell to Rs 1.82 Cr (Rs 181.51 lakhs) against total expenditure of Rs 3.03 Cr (Rs 302.61 lakhs). Standalone revenue from operations dropped sharply to Rs 0.44 Cr (Rs 43.78 lakhs) from Rs 2.86 Cr in the year-ago period. The statutory auditor issued a repetitive qualified opinion due to the non-inclusion of seven subsidiaries in consolidated accounts.
- Consolidated total income stood at Rs 181.51 lakhs for the quarter ended June 30, 2026.
- Consolidated net loss came in at Rs 121.10 lakhs versus a profit of Rs 107.78 lakhs in Q1 ended June 30, 2025.
- Standalone revenue from operations dropped to Rs 43.78 lakhs compared to Rs 286.13 lakhs in Q1 of the previous year.
- Standalone net loss stood at Rs 152.20 lakhs with basic EPS of Rs -0.25.
- Auditor gave a repetitive qualified opinion as 7 subsidiaries (including an IBC-admitted entity and a bankrupt unit) were excluded from consolidation.
Kavveri Defence & Wireless Technologies Limited has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The document confirms that the Registrar and Transfer Agent (RTA), Integrated Registry Management Services, processed all dematerialization requests within the mandated 15-day period. This is a standard administrative filing confirming that share certificates were verified, cancelled, and the name of the depository was substituted in the register of members. It has no impact on the company's financial performance or operational recovery.
- Compliance certificate issued for the quarter ended June 30, 2026
- RTA confirmed processing and cancellation of share certificates within 15 days
- Dematerialized securities are confirmed to be listed on the stock exchanges where earlier shares are listed
- TTM revenue for the company stands at ₹21 Cr as per the provided financial context
Ruma Reddy Chenna Reddy, a member of the promoter group, has declared that her holding of 22,20,000 shares (3.69% stake) was free of any encumbrance as of March 31, 2026. This is a routine annual disclosure under SEBI (SAST) Regulations confirming that no shares have been pledged. Notably, these shares were recently allotted on March 5, 2026, following the conversion of warrants. The company is currently awaiting listing approval from stock exchanges for a total allotment of 1,85,00,000 equity shares.
- Promoter group member holds 22,20,000 equity shares representing a 3.69% stake
- Zero encumbrance or pledges reported for the financial year ended March 31, 2026
- Shares were allotted on March 5, 2026, pursuant to the conversion of warrants
- Total allotment of 1,85,00,000 equity shares is currently awaiting listing approval
- Disclosure submitted in compliance with Regulation 31(4) of SEBI SAST Regulations
Chennareddy Rohit Reddy, a member of the promoter group, has disclosed a holding of 22,50,000 equity shares, representing a 3.74% stake in Kavveri Defence & Wireless Technologies as of March 31, 2026. The filing confirms that no shares held by the promoter or persons acting in concert were encumbered or pledged during the financial year 2025-26. These shares were recently acquired through the conversion of warrants allotted during a board meeting on March 5, 2026. The company is currently awaiting listing approval from stock exchanges for a total allotment of 1,85,00,000 equity shares.
- Promoter group holding of 22,50,000 equity shares as of March 31, 2026
- Zero shares encumbered or pledged during the financial year ended March 31, 2026
- Allotment of 22,50,000 shares occurred on March 5, 2026, via warrant conversion
- Total company allotment of 1,85,00,000 equity shares currently awaiting listing approval
C Mokshith Reddy, part of the promoter group, has disclosed a holding of 22,50,000 equity shares, representing a 3.74% stake in Kavveri Defence & Wireless Technologies as of March 31, 2026. The filing confirms that no shares held by the promoter or persons acting in concert were encumbered or pledged during the financial year. These shares were recently allotted on March 6, 2026, following the conversion of warrants. The company is currently awaiting listing approval from the stock exchanges for a total allotment of 72,50,000 shares.
- Promoter C Mokshith Reddy holds 22,50,000 equity shares, equivalent to a 3.74% stake.
- Declaration confirms zero encumbrances (pledges) on these shares for the financial year ended March 31, 2026.
- The shares were part of a larger allotment of 72,50,000 equity shares made by the company.
- Specific allotment to the promoter occurred on March 6, 2026, via convertible warrants.
- Listing approval for the 72,50,000 newly allotted shares is currently awaited from the stock exchanges.
Kavveri Defence & Wireless Technologies Limited has notified the exchanges regarding the closure of its trading window starting July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the Q1 financial results. The window will remain closed until 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026. This is a standard regulatory procedure for listed companies in India.
- Trading window closure begins on July 1, 2026
- Closure is for the purpose of declaring unaudited financial results for the quarter ended June 30, 2026
- Window to reopen 48 hours after the financial results are made public
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
Rajpeta Kasturi Hanumenthareddy, a Promoter and CFO of Kavveri Defence & Wireless Technologies, disclosed her shareholding status for the financial year ended March 31, 2026. While no new encumbrances were created during the year, 3,00,000 shares out of her total 3,01,977 shares remain pledged. This represents 99.34% of her individual holding, although her total stake in the company is relatively small at 0.50%. High promoter pledge levels are typically viewed as a risk factor for retail investors.
- Promoter holds 3,01,977 equity shares representing 0.50% of the company's total capital.
- A total of 3,00,000 shares are currently pledged, which is 99.34% of the promoter's total holding.
- The percentage of shares pledged by the promoter increased from 57.47% in 2025 to 99.34% in 2026.
- No new encumbrances were made, directly or indirectly, during the financial year ended March 31, 2026.
Financial Performance
Revenue Growth by Segment
Consolidated revenue grew by 979.65% YoY, rising from INR 1.59 Cr in FY24 to INR 17.12 Cr in FY25. Standalone revenue grew from zero in the previous year to INR 14.77 Cr in FY25, marking the first year of significant operational activity after a period of decline.
Geographic Revenue Split
Not disclosed in available documents; however, the company identifies as an export-oriented business with overseas subsidiaries.
Profitability Margins
Consolidated Net Profit Margin stood at 37.42% (INR 6.41 Cr profit on INR 17.12 Cr revenue) for FY25, compared to a net loss in FY24. Standalone Net Profit Margin was 36.90% (INR 5.45 Cr profit on INR 14.77 Cr revenue). These margins are heavily influenced by one-time write-backs of loans and payables.
EBITDA Margin
Consolidated EBITDA margin was 39.28% (INR 6.72 Cr) in FY25, a significant recovery from the negative EBITDA of INR 0.88 Cr in FY24. This improvement is driven by the resumption of operations and execution of new orders.
Capital Expenditure
Depreciation for FY25 was INR 0.32 Cr, up 64.88% from INR 0.19 Cr in FY24, suggesting minor additions to fixed assets, though specific planned CAPEX figures are not disclosed.
Credit Rating & Borrowing
CRISIL suspended the company's ratings (previously for bank facilities of INR 93.5 Cr) as of April 2013 due to non-cooperation and lack of information. Borrowing costs are not explicitly stated, but the company is currently infusing funds through share capital for business development.
Operational Drivers
Raw Materials
RF engineering components and specialized wireless hardware materials, though specific material names are not listed.
Capacity Expansion
The company is currently focused on 'scalable operations' and has resumed operational activity with a turnover of INR 14.77 Cr. Specific MT/unit capacity is not disclosed.
Raw Material Costs
Total expenditure for FY25 was INR 15.40 Cr (Consolidated). Specific raw material cost as a percentage of revenue is not broken down, but the company is focused on R&D to optimize production.
Manufacturing Efficiency
The company is in a recovery phase; FY25 represents the first year of recorded operational activity after several years of decline, indicating a move from 0% to active utilization.
Strategic Growth
Growth Strategy
The company aims to achieve growth through a shift toward secure, localized, and high-performance communication solutions. Key pillars include R&D investment, strategic partnerships, and the infusion of funds through share capital to support business development and execute the future sales order pipeline.
Products & Services
Next-generation wireless infrastructure, secure communication solutions, RF engineering services, and wireless technology products.
Brand Portfolio
Kavveri Defence & Wireless Technologies (formerly Kavveri Telecom Products).
New Products/Services
Next-generation wireless infrastructure and secure localized communication solutions are being developed through R&D, though specific revenue contribution percentages are not disclosed.
Market Expansion
Targeting sectors requiring secure and reliable wireless communication, including defense and export-oriented markets.
Strategic Alliances
The company is focused on forming strategic partnerships to solidify its role as a provider of wireless infrastructure.
External Factors
Industry Trends
The industry is shifting toward secure, high-performance wireless infrastructure. Kavveri is positioning itself as a trusted provider of localized solutions to meet rising demand across multiple sectors.
Competitive Landscape
The company operates in the wireless infrastructure and defense communication space, facing competition from both domestic and international RF engineering firms.
Competitive Moat
The company's moat is built on specialized RF engineering talent and R&D in wireless technology. However, sustainability is threatened by a net worth erosion in subsidiaries and a qualified audit opinion regarding its ability to continue as a going concern.
Macro Economic Sensitivity
Highly sensitive to changes in Government regulations, tax laws, and defense spending policies which dictate the demand for localized communication solutions.
Consumer Behavior
Rising demand for secure and reliable wireless communication solutions across multiple sectors is driving the company's order pipeline.
Geopolitical Risks
Global landscape shifts toward localized and secure communication solutions provide a tailwind, but changes in international trade barriers could affect export operations.
Regulatory & Governance
Industry Regulations
Operations are subject to defense and export-oriented regulations, as well as the Companies Act, 2013. The company has noted delays in transferring required amounts to the Investor Education and Protection Fund.
Taxation Policy Impact
The company reported a provision for taxation of INR 0 in FY25 (Consolidated) due to historical losses, compared to a small credit of INR 0.81 lakhs in FY24.
Legal Contingencies
The company has disclosed the impact of pending litigations in its financial statements, though specific case values in INR are not provided in the summary. There is a noted discrepancy in margin money deposits (INR 11.77 lakhs) and interest receivables (INR 5.59 lakhs) where recovery is doubtful.
Risk Analysis
Key Uncertainties
Material uncertainty exists regarding the company's ability to continue as a 'Going Concern' due to accumulated losses of INR 85.63 Cr. This poses a potential 100% risk to business continuity.
Third Party Dependencies
High dependency on future sales orders and fund infusions through share capital to sustain operations.
Technology Obsolescence Risk
The company faces high technology risk in the fast-evolving wireless sector, which it attempts to mitigate through R&D and hiring specialized RF engineers.
Credit & Counterparty Risk
The auditor noted an absence of confirmations for trade payables, other current liabilities, and advances received, making the extent of actual liabilities uncertain.
