Kaynes Technology Announces Financial Results for FY23 and Major Board Appointments
Kaynes Technology India Limited announced key corporate governance updates and released its financial results for the quarter and the year ended March 31, 2026. The company's board approved the audited financial results for both standalone and consolidated entities.Financial Performance Highlights
The company provided comprehensive financial data covering the quarter and year ended March 31, 2026. Key financial metrics for the Group show significant annual revenue and comprehensive income.Based on the consolidated financial statements, the Group reported the following figures:
| Particulars | Quarter ended March 31, 2026 | Year ended March 31, 2026 |
|---|---|---|
| Revenue from operations | 12,426.38 (Rs. in million) | 36,263.54 (Rs. in million) |
| Other income | 418.58 (Rs. in million) | 1,568.30 (Rs. in million) |
| Total Income | 12,844.96 (Rs. in million) | 28,287.15 (Rs. in million) |
| Total Expenses | 11,442.23 (Rs. in million) | 32,762.94 (Rs. in million) |
| Profit before exceptional items and tax | 1,402.73 (Rs. in million) | 5,068.90 (Rs. in million) |
| Total Comprehensive Income | 833.31 (Rs. in million) | 3,800.97 (Rs. in million) |
Consolidated Cash Flows
The consolidated statement of cash flows for the period ended March 31, 2026, showed strong operating activities.| Activity | Year ended March 31, 2026 | Year ended March 31, 2025 |
|---|---|---|
| Cash Flow from Operating Activities | 5,043.14 (Rs. in million) | 3,716.24 (Rs. in million) |
| Cash Flow from Investing Activities | (9,172.18) (Rs. in million) | (3,546.59) (Rs. in million) |
| Cash Flow from Financing Activities | 15,796.29 (Rs. in million) | 4,649.86 (Rs. in million) |
| Net Increase in Cash and Cash Equivalents | 11,664.15 (Rs. in million) | 4,609.51 (Rs. in million) |
Key Corporate Governance Updates
The Board of Directors held a meeting on May 13, 2026, where several appointments and re-appointments were approved, subject to shareholder approval.Director Appointments and Re-appointments
The Board took the following actions regarding its leadership structure:- Mr. Alexander Koshy: The Board approved the re-appointment of Mr. Alexander Koshy (DIN: 07896084) as an Independent Director for a second term of five years. His term is effective February 21, 2027.
- Ms. Poornima Ranganath: The re-appointment of Ms. Poornima Ranganath (DIN: 00349450) as an Independent Director was approved for a second term of five years, effective March 31, 2027.
- Mr. Jairam Paravastu Sampath: Mr. Jairam Paravastu Sampath (DIN: 08064368) was approved for re-appointment as a Whole-time Director for a period of five years, effective April 01, 2027.
- Mr. Rajesh Balkrishna Mittal: Mr. Rajesh Balkrishna Mittal (DIN: 08483698) was appointed as an Additional Director in the category of Non-Executive Independent Director for a term of five years, effective May 13, 2026.
- Mr. Annadurai Mylswamy: Mr. Annadurai Mylswamy (DIN: 07182202) was appointed as an Additional Director in the category of Non-Executive Independent Director for a term of five years, effective May 13, 2026.
Cost Auditor Appointment
The Board of Directors, based on the recommendation of the Audit Committee, appointed Messrs. GA Associates, Cost Accountants, Mysuru, as the Cost Auditor for the Financial Year 2026-27.Statutory Audit Report
The company confirmed that Messrs K.P. RAO & Co., Chartered Accountants, issued an Audit Report for the quarter and year ended March 31, 2026, with an unmodified opinion on the Audited Financial Results.KAYNES Stock Price Movement
Kaynes Technology India Limited shares tumbled today, shedding 20.26% to settle at ₹3336.5. The massive sell-off saw the stock plummet to its 52-week low, with trading volumes totaling 10.66 million shares.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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