Karnika Industries Boards Approve Financial Results for FY 2025-2026; Re-appoint Auditor
Karnika Industries Limited announced the successful completion of its Board of Directors meeting on Saturday, May 16, 2026. During the meeting, the Board considered and approved the Audited Standalone and Consolidated Financial Results for the Quarter and Year ended March 31, 2026. Additionally, the company approved the re-appointment of Ajay Mundhra & Associates, Chartered Accountants, as Internal Auditor for the Financial Year 2026-27.The company also confirmed that it fully utilized its IPO proceeds during the Financial Year 2023-24.
Financial Performance Highlights
The Board approved the release of financial results encompassing the quarter and year ended March 31, 2026. The company noted that its consolidated results reflect the integration of Kidcity Solutions Private Limited, in which Karnika Industries acquired a 75% equity interest on October 4, 2025.Standalone Financial Results
The standalone financial statement summaries for the period ending March 31, 2026, and March 31, 2025, are detailed below:| Particulars | As at March 31, 2026 (Audited) | (Z in Lakhs) As at March 31, 2025 (Audited) |
|---|---|---|
| Total Assets | 18,901.85 | 15,436.31 |
| Total Equity | 9,513.56 | 7,078.30 |
| Total Liabilities | 9,388.29 | 8,358.01 |
The standalone cash flow statement showed that the net cash generated from operating activities stood at 2,115.91 lakhs for the year ended March 31, 2026.
Consolidated Financial Results
The consolidated financial results for the Group (Karnika Industries Limited and its subsidiary Kidcity Solutions Private Limited) for the quarter and year ended March 31, 2026, were also reviewed and approved.| Particulars | As at March 31, 2026 (Audited) |
|---|---|
| Total Assets | 21,493.84 |
| Total Equity | 9,802.30 |
| Total Liabilities | 11,691.54 |
The consolidated cash flow statement reported that net cash generated from operating activities reached 1,064.34 lakhs for the quarter ended March 31, 2026.
Board and Operational Updates
The Board of Directors of the Company is responsible for overseeing the financial reporting process. The company reported that the quarterly figures for the quarter ending March 31, 2026, are derived by balancing the audited figures for the financial year ended March 31, 2026, and published year-to-date figures up to December 31, 2025, which were subjected to limited review.The company informed stakeholders that the trading window for designated persons and immediate relatives remained closed from March 20, 2026, and will remain closed until 48 hours following the announcement of the financial results.
The financial results and related reports are available on the company's website.
KARNIKA Stock Price Movement
On Friday, Karnika Industries Limited shares slipped by 7.81% to settle at ₹123.50, shedding ₹10.50 from the previous close. The equity saw 56,000 shares traded, closing the day significantly below its opening price of ₹134.50.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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