Krishna Defence and Allied Industries Board Approves Dividend, Elects Auditors, and Reviews 2026 Financials
Krishna Defence and Allied Industries Limited announced the key outcomes of its Board of Directors meeting held on May 20, 2026. The board meeting approved the audited Standalone and Consolidated Financial Results for the quarter and full financial year ended March 31, 2026.The company also recommended a final dividend and approved the appointment of new auditors and the re-appointment of independent directors.
Dividend and Corporate Actions
The board recommended a final dividend of Rs. 1.25 per equity share, representing 12.5% on the face value of the equity share of Rs. 10. This dividend is subject to shareholder approval at the ensuing Annual General Meeting (AGM).The Notice convening the 13th Annual General Meeting of the Company is scheduled to be held on Wednesday, July 15, 2026, via Video Conferencing.
Financial Performance Highlights
The audited financial results for the year ended March 31, 2026, showed the following key annual figures:| Particulars | Year Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|
| Revenue from Operations | 24,478.22 | 18,961.38 |
| Other Income | 326.84 | 287.81 |
| Total Income | 24,805.06 | 19,249.19 |
| Total Expenses | 19,723.86 | 16,269.62 |
| Profit Before Tax | 5,081.20 | 2,979.57 |
| Profit for the Period/Year | 3,812.12 | 2,202.87 |
| Total Comprehensive Income | 4,131.57 | 2,220.99 |
The company's consolidated financial results for the quarter ended March 31, 2026, stood at a Total Income of Rs. 6,662.52, compared to Rs. 4,661.70 for the previous year's corresponding quarter.
Governance and Auditing Approvals
The board meeting formalized appointments for the financial year 2026-27 and approved key governance changes:- Cost Auditor: M/s Zarna Thakar Associates has been approved as the Cost Auditor for the financial year 2026-27.
- Internal Auditor: M/s Niket Shah & Associates was approved as the Internal Auditor for the financial year 2026-27.
- Independent Director Re-appointments: The board approved the re-appointment of two independent directors for a second term of five consecutive years, effective from August 23, 2026:
* Mr. Divyakant Zaveri (DIN: 01382184).
Consolidated Balance Sheet Data
As of March 31, 2026, the company's consolidated balance sheet showed total assets of 21,770.47 Lakhs, an increase from 16,389.88 Lakhs reported on March 31, 2025.| Financial Component | As at March 31, 2026 (Lakhs) | As at March 31, 2025 (Lakhs) |
|---|---|---|
| Total Assets | 21,770.47 | 16,389.88 |
| Total Equity | 19,352.66 | 13,143.46 |
| Total Liabilities | 2,417.81 | 3,246.42 |
The board also reported that the company adopted Indian Accounting Standards (Ind AS) as notified by the Ministry of Corporate Affairs, with the date of transition being effective from April 1, 2024.
KRISHNADEF Stock Price Movement
On Wednesday, Krishna Defence And Allied Industries Limited shares edged higher, closing up 1.87% at ₹1193.5. The stock recorded a gain of ₹21.90, with total trading volume reaching 237,743 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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