Kalana Ispat Limited Board Approves Audited Financial Results for Half and Full Year Ended March 31, 2026
Kalana Ispat Limited announced on May 14, 2026, that its Board of Directors reviewed and approved the audited financial results for the half year and the full financial year ended March 31, 2026. The board also approved the planning for the company's upcoming Annual General Meeting (AGM).During the board meeting, the company also released detailed financial statements, including the audited Statement of Assets and Liabilities, Cash Flow Statement, and the Annual Report for the fiscal year 2026.
Financial Performance Review
The board formally approved the audited financial results, which included the Statement of Assets and Liabilities as of March 31, 2026, and the audited Cash Flow Statement for the year ended March 31, 2026.The company reported the following key financial metrics:
| Financial Metric (Rs In Lakhs) | Half Year Ended 31/03/2026 | Half Year Ended 31/03/2025 | Full Year Ended 31/03/2026 | Full Year Ended 31/03/2025 |
|---|---|---|---|---|
| Total Income (I+II) | 2,738.83 | 2,847.16 | 5,289.91 | 5,609.87 |
| Total Expenses | 2,603.51 | 2,768.57 | 5,153.51 | 5,436.85 |
| Net Profit (Loss) for the period/year | 95.87 | 50.43 | 96.72 | 121.14 |
The standalone financial results were certified by the statutory auditors, who issued an unmodified opinion on the results for the half year and year ended March 31, 2026.
Balance Sheet and Cash Flow Summary
The Standalone Statement of Assets and Liabilities and the Statement of Standalone Cash Flow were also approved, detailing the financial position as of March 31, 2026.The total equity and liabilities stood at 5,014.75 Lakhs as of March 31, 2026, compared to 4,792.49 Lakhs on the same date in the previous year.
The company's cash and bank balance stood at 252.64 Lakhs on March 31, 2026, down from 1944.06 Lakhs recorded on March 31, 2025.
Annual General Meeting and Governance
In addition to approving the financial results, the board approved the convening of the 14th Annual General Meeting (AGM) of the company's members, scheduled for June 9, 2026. The notice for the AGM will be dispatched separately.The board also approved the draft of the Board Report and the annual report for the year ended March 31, 2026, and appointed Mr. Sumit Bajaj, a practicing company secretary, to scrutinize the electronic voting to be conducted at the AGM.
Utilization of Initial Public Offer (IPO) Proceeds
The company provided a detailed statement concerning the utilization of IPO proceeds amounting to Rs 3259.08 Lakhs.The board noted that out of the funds raised through the Initial Public Offer, a total of Rs 3058.62 Lakhs was utilized as of March 31, 2026, leaving Rs 200.46 Lakhs unutilized and placed in a fixed deposit with a bank.
The board confirmed that there was no deviation in the use of public issue proceeds raised from the IPO. The key modifications were reported for the following objects:
| Original Object | Modified Object | Original Allocation (Rs In Lakhs) | Modified Allocation (Rs In Lakhs) | Funds Utilized till March 31, 2026 (Rs In Lakhs) | Funds Unutilized (Rs In Lakhs) |
|---|---|---|---|---|---|
| Solar Power Plant (4 MW DC & 3.5 MW AC) | Solar Power Plant (1.4 MW & 1 MW) | 2,298.75 | 1,103.65 | 903.19 | 200.46 |
| Setting up of rolling mill (Kalana village) | Setting up of rolling mill (Viramgam) | 799.45 | 1,994.55 | 1,994.55 | 0 |
| Issue related expenses | N/A | 100.00 | 100.00 | 100.00 | 0 |
| General corporate purpose | N/A | 60.88 | 60.88 | 60.88 | 0 |
The board also stated that the company had approved the issuance of Convertible Equity Warrants, aggregating up to Rs 10,12,50,000, to Promoter and Promoter Group categories, at an issue price of Rs 22.50 per Warrant. However, no Warrants were allotted during the year ended March 31, 2026.
KALANA Stock Price Movement
Kalana Ispat Limited shares today slipped by 0.67% to settle at ₹22.4, marking a decline of ₹0.15 from the previous close. The stock saw a moderate total volume of 2,000 shares transacted during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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