KRITINUT - Kriti Nutrients
📢 Recent Corporate Announcements
Kriti Nutrients Limited has dispatched KYC letters to shareholders holding securities in physical form to comply with SEBI's Master Circular. Shareholders are required to furnish PAN, bank account details, nomination, contact details, and specimen signatures to the Registrar & Share Transfer Agent (RTA). Failure to update these details will restrict shareholders from lodging grievances or availing service requests from the RTA. Additionally, all future payments such as dividends will be made exclusively through electronic mode for compliant folios.
- Mandatory submission of PAN, Nomination, Bank Details, and Specimen Signatures for physical share folios.
- Compliance is driven by SEBI Master Circular dated February 6, 2026, and Regulation 30 of SEBI (LODR).
- Dividends and other payments to be processed only via electronic mode for compliant shareholders.
- RTA Ankit Consultancy Pvt. Ltd. is managing the collection via physical or electronic modes with e-sign.
- Non-compliant folios will be ineligible for RTA service requests or grievance redressal.
Kriti Nutrients Limited has received shareholder approval to amend its Memorandum and Articles of Association to include power generation activities. This strategic move allows the company to establish solar power facilities for captive use, following directions from the Madhya Pradesh Power Transmission Company Limited. The resolutions were passed with a near-unanimous majority of 99.9555% during the EGM held on March 20, 2026. This initiative is expected to enhance energy efficiency and reduce long-term power costs for the company's manufacturing operations.
- Special resolution passed to add Clause 35A to the MOA, enabling the company to generate and distribute power from renewable sources like solar and wind.
- The proposal received 3,34,19,621 votes (99.9555%) in favor, indicating strong shareholder support for the green energy transition.
- The initiative focuses on captive power generation to meet requirements set by the Madhya Pradesh Power Transmission Company Limited.
- The EGM was conducted via video conferencing with 47 members participating, comfortably meeting the quorum requirement of 30.
Kriti Nutrients Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI Insider Trading regulations. The closure is ahead of the declaration of the audited standalone and consolidated financial results for the quarter and year ending March 31, 2026. The trading window will remain closed until 48 hours after the financial results are made public. The company will notify the exchanges regarding the specific date of the board meeting to approve these results in due course.
- Trading window closure commences on April 1, 2026.
- Closure pertains to the audited financial results for the quarter and year ending March 31, 2026.
- The window will reopen 48 hours after the official declaration of financial results.
- NSDL will freeze the PAN of designated persons, including promoters and directors, to prevent trading during this period.
- The date for the Board of Directors meeting to approve results is yet to be announced.
Kriti Nutrients Limited has officially amended its Memorandum of Association (MOA) following approval at an Extraordinary General Meeting (EGM) held on March 20, 2026. The amendment introduces a new Clause 35A to the 'Objects Incidental or Ancillary' section, aimed at broadening the scope of activities that support its core business. The EGM was brief, lasting only 19 minutes, which suggests smooth shareholder consensus on the proposal. This update ensures the company's charter remains aligned with its evolving operational requirements under SEBI regulations.
- Extraordinary General Meeting (EGM) held on March 20, 2026, from 12:00 PM to 12:19 PM.
- Approval and adoption of a new set of MOA with the insertion of Clause 35A.
- The amendment pertains to Clause III(B) regarding objects incidental or ancillary to main business goals.
- Filing submitted in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
- Core business remains focused on manufacturing, refining, and dealing in vegetable oils and agri-products.
Kriti Nutrients Limited has officially amended its Memorandum of Association (MOA) following shareholder approval at an Extraordinary General Meeting (EGM) held on March 20, 2026. The amendment introduces a new Clause 35A to the 'Incidental or Ancillary Objects' section of the MOA. This move typically provides the company with greater legal flexibility to engage in activities that support its core business of vegetable oil and agri-product processing. The EGM was brief, lasting only 19 minutes, indicating smooth shareholder consensus.
- Shareholders approved the MOA amendment at the EGM held on March 20, 2026.
- New Clause 35A inserted into Clause III(B) regarding incidental or ancillary objects.
- The EGM was conducted and concluded within a 19-minute window (12:00 PM to 12:19 PM).
- The update ensures compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
Kriti Nutrients Limited held an Extraordinary General Meeting (EGM) on March 20, 2026, to seek shareholder approval for structural changes. The members passed two special resolutions regarding the alteration of the Memorandum of Association (MOA) and the Articles of Association (AOA). Specifically, Clause III(B) of the MOA was amended, which typically relates to the objects of the company. These changes were approved via video conferencing and are now officially adopted into the company's charter.
- Shareholders passed a Special Resolution to alter Clause III(B) of the Memorandum of Association (MOA).
- A Special Resolution was approved for the alteration and adoption of the Articles of Association (AOA).
- The Extraordinary General Meeting (EGM) was conducted via VC/OAVM on March 20, 2026.
- The meeting was brief, starting at 12:00 P.M. and concluding at 12:19 P.M.
Kriti Nutrients Limited successfully passed two special resolutions during its Extraordinary General Meeting held on March 20, 2026. The resolutions involved the alteration and adoption of the company's Memorandum of Association (MOA) and Articles of Association (AOA). Both proposals received overwhelming support, with 99.9955% of the 33.42 million votes cast in favor. These changes update the company's foundational legal documents in compliance with SEBI regulations.
- Special Resolution to alter the Memorandum of Association (MOA) passed with 99.9955% votes in favor.
- Special Resolution to alter the Articles of Association (AOA) passed with 99.9955% votes in favor.
- Total of 33,421,121 votes were polled, representing approximately 66.7% of the total 50,103,520 shares.
- Only 1,500 votes were cast against both resolutions, indicating strong alignment between management and shareholders.
Kriti Nutrients Limited has scheduled an Extraordinary General Meeting (EGM) for March 20, 2026. The company is providing remote e-voting facilities through CDSL to all eligible shareholders. The cut-off date to determine voting eligibility is March 13, 2026. The voting window will be open from March 17, 2026, to March 19, 2026, allowing investors to participate in corporate decision-making electronically.
- Extraordinary General Meeting (EGM) to be held on Friday, March 20, 2026.
- Cut-off date for determining e-voting entitlement is fixed as March 13, 2026.
- Remote e-voting period starts March 17, 2026 (9:00 AM) and ends March 19, 2026 (5:00 PM).
- CDSL has been appointed as the agency for the e-voting platform and VC/OAVM conduction.
- CS Ishan Jain has been appointed as the Scrutinizer for the voting process.
Kriti Nutrients Limited has scheduled an Extra Ordinary General Meeting (EGM) on March 20, 2026, to seek shareholder approval for significant amendments to its Memorandum and Articles of Association. The company intends to expand its business scope to include the generation, distribution, and sale of power from conventional and renewable sources such as solar, wind, and biomass. This move allows the company to establish power plants for both captive consumption to reduce operational costs and for commercial sale to external parties. The meeting will be conducted via video conferencing, reflecting a strategic pivot towards energy infrastructure.
- EGM scheduled for March 20, 2026, to approve alterations in the Memorandum of Association (MOA) and Articles of Association (AOA).
- Proposed insertion of Clause 35A in MOA to enable business in solar, wind, biomass, and hydrogen energy sectors.
- New Article 92 to be added to AOA, authorizing the Board to acquire or build power facilities for captive or commercial use.
- The expansion covers a wide range of technologies including thermal, hydel, and fuel cell technology.
- Facility for participation at the EGM through VC/OAVM will be available for up to 1,000 members.
Kriti Nutrients reported a strong 29.7% YoY growth in consolidated revenue for Q3 FY26, reaching ₹224.31 crore. Consolidated net profit for the quarter grew by 11% YoY to ₹9.16 crore, showing recovery from previous quarters. However, the nine-month (9M) profit remains 14.1% lower than the previous year at ₹27.54 crore, reflecting margin pressures earlier in the fiscal year. The company maintains a stable balance sheet with minimal finance costs of ₹11.75 lakhs for the quarter.
- Consolidated Revenue from Operations grew 29.7% YoY to ₹224.31 crore in Q3 FY26.
- Consolidated Net Profit increased 11% YoY to ₹9.16 crore from ₹8.25 crore in Q3 FY25.
- 9M FY26 Revenue reached ₹666.28 crore, up 24.7% compared to ₹534.28 crore in 9M FY25.
- Cost of materials consumed rose significantly to ₹181.85 crore in Q3 FY26 vs ₹135.80 crore in Q3 FY25.
- Consolidated EPS for the quarter improved to ₹1.83 from ₹1.65 in the year-ago period.
Kriti Nutrients Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ended December 31, 2025. The filing confirms that the company and its Registrar and Share Transfer Agent, M/s Ankit Consultancy Pvt. Ltd., have processed all dematerialization requests within the mandated 15-day period. This process involves the mutilation and cancellation of physical certificates and the substitution of the depository's name in the register of members. This is a standard administrative procedure to ensure the integrity of electronic shareholding.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Confirmation that dematerialization requests were processed within the statutory 15-day timeframe.
- Registrar and Share Transfer Agent (RTA) M/s Ankit Consultancy Pvt. Ltd. verified the process.
- Physical security certificates were mutilated and cancelled as per SEBI regulations.
Kriti Nutrients Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations ahead of the release of financial results for the quarter and nine months ending December 31, 2025. The trading window will remain closed until 48 hours after the declaration of the unaudited standalone and consolidated financial results. The specific date for the Board of Directors meeting to approve these results will be announced at a later date.
- Trading window closure commences on January 1, 2026.
- Closure pertains to the financial results for the quarter and nine months ended December 31, 2025.
- Trading restriction remains in effect until 48 hours post-result declaration.
- NSDL will freeze the PAN of designated persons specifically for the company's shares.
- The Board meeting date for result approval is yet to be finalized and communicated.
Financial Performance
Revenue Growth by Segment
Total Operating Income (TOI) grew 7.3% YoY to INR 735 Cr in FY25 from INR 685 Cr in FY24. The refined oil segment, which contributes 88% of TOI, saw value growth but a 5% decline in sales volume due to high festive season prices. Soya value-added products experienced degrowth in FY23 due to moderation in export demand. H1 FY26 revenue reached INR 446.44 Cr, a 154.8% increase over H1 FY25 revenue of INR 175.22 Cr.
Geographic Revenue Split
Domestic sales, primarily in Central India (Madhya Pradesh), contribute approximately 91% of revenue. Exports contributed 9% of TOI in FY25, down from 10% in FY24 and 13% in FY23, due to shifting global demand for soya meal.
Profitability Margins
PBILDT margin moderated to 6.69% in FY25 from 9.25% in FY24. PAT margin stood at 5.03% in FY25 compared to 6.57% in FY24. The decline was driven by increased marketing expenditures in new territories. H1 FY26 PAT was INR 18.44 Cr compared to INR 9.56 Cr in H1 FY25.
EBITDA Margin
PBILDT margin was 6.69% in FY25, a decrease from 9.25% in FY24. The margin is sensitive to raw material price volatility, with historical lows of 2.82% in FY22 when soya seed prices spiked and could not be fully passed on to customers.
Capital Expenditure
Not disclosed in available documents; however, rating sensitivities monitor major debt-funded capex that would increase gearing above 1.0x.
Credit Rating & Borrowing
CARE Ratings assigned a 'Stable' outlook. Borrowing remains low with average fund-based working capital utilization at 2% for the 12 months ended June 2025 and 22% for the period ended April 2024.
Operational Drivers
Raw Materials
Crude soya oil and soya seeds are the primary raw materials. Soya seeds are the major cost component for the crushing and meal segments.
Import Sources
Raw materials are primarily sourced from Central India (Madhya Pradesh). Imports are described as negligible, making the company a net exporter.
Key Suppliers
Not specifically named; sourced from local farmers and traders in the Madhya Pradesh soya belt.
Capacity Expansion
Current capacity not disclosed in MTPA. Expansion is focused on geographical reach into Rajasthan and Uttar Pradesh rather than just physical plant capacity.
Raw Material Costs
Raw material costs are highly volatile. Profitability is susceptible to sudden movements in crude soya oil prices, which impacted margins by over 250 basis points in FY25.
Manufacturing Efficiency
Operating cycle improved to 28 days in FY25 from 38 days in FY24, reflecting lean inventory management and efficient retail collections.
Logistics & Distribution
Distribution is focused on the retail premium segment in Madhya Pradesh, with expansion into Gujarat, Maharashtra, and Rajasthan.
Strategic Growth
Expected Growth Rate
15%
Growth Strategy
Growth is targeted through geographical expansion into Rajasthan and Uttar Pradesh, increasing the share of value-added products in food and pharma categories, and deepening brand penetration of 'Kriti' in the premium retail segment. Rating sensitivities target a TOI above INR 1,000 Cr.
Products & Services
Branded refined soya oil, soya meal, lecithin, and value-added soya protein products.
Brand Portfolio
Kriti
New Products/Services
Value-added products in the food and pharma categories are expected to contribute to higher margins, though specific revenue % is not disclosed.
Market Expansion
Targeting neighboring states including Gujarat, Maharashtra, Rajasthan, and Uttar Pradesh to reduce geographic concentration.
Market Share & Ranking
Established leader in the branded refined oil segment in Central India (Madhya Pradesh).
Strategic Alliances
Associate company: Kriti Industries (India) Limited, which is consolidated using the equity method.
External Factors
Industry Trends
The edible oil industry is highly competitive and fragmented. There is a clear trend toward branded, premium refined oils over bulk/unbranded products, which favors KNL's retail-heavy model.
Competitive Landscape
Faces intense competition from both large national players and local unorganized mills in the edible oil and soya meal sectors.
Competitive Moat
Moat is built on the 'Kriti' brand equity in Central India and a 100% retail sales model for refined oil, which provides better margins and stickier demand than bulk sales.
Macro Economic Sensitivity
Highly sensitive to edible oil inflation and monsoon impacts on soya seed production in Central India.
Consumer Behavior
Shift toward non-branded oil occurs when branded oil prices exceed certain psychological thresholds, as seen in the 5% volume decline in FY25.
Geopolitical Risks
Export demand for soya meal is subject to international trade dynamics and competition from other soya-producing nations.
Regulatory & Governance
Industry Regulations
Subject to FSSAI standards for edible oils and export-import regulations regarding soya meal and crude oil duties.
Taxation Policy Impact
Effective tax rate is approximately 23% based on H1 FY26 PBT of INR 23.97 Cr and PAT of INR 18.44 Cr.
Legal Contingencies
The company has pending litigations disclosed in Note 36 of the Standalone Financial Statements; however, the specific INR value of these contingencies is not provided in the summary.
Risk Analysis
Key Uncertainties
Raw material price volatility (soya seeds/crude oil) and foreign exchange fluctuations are the primary business risks, potentially impacting margins by 2-3%.
Geographic Concentration Risk
High concentration with the majority of branded sales occurring in Madhya Pradesh.
Third Party Dependencies
Dependency on the group company, Kriti Industries (India) Limited, for certain investments and loans/advances.
Technology Obsolescence Risk
Low risk; focus is on traditional crushing and refining, though digital marketing is increasing for brand penetration.
Credit & Counterparty Risk
Low risk due to retail-driven sales model; current ratio of 5.56x and quick ratio of 3.36x indicate very strong short-term liquidity.