Krishna Defence Director Report
NSE:KRISHNADEFEQ | IND:Others | ISIN code:INE0J5601015 | SECT:General
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Mar2025 Mar 2026The Board of Directors hereby submits the report of the business and operations of your Company (the Company”) along with the audited financial statements, for the financial year ended March 31, 2026.
01. Financial Highlights (? in Lakh)
|
Particulars |
2025-26 |
2024-25 |
|
Revenue from Operations |
24,478.22 |
18,961.38 |
|
Other Income |
326.84 |
287.81 |
|
Total Revenue |
24,805.06 |
19,249.19 |
|
Expenses: |
||
|
Cost of materials consumed |
8,625.43 |
11,441.64 |
|
Purchases of Stock-in-Trade |
264.44 |
371.20 |
|
Changes in inventories of finished goods work-in-progress and Stock-in-Trade |
3,671.34 |
(2,019.93) |
|
Employee benefit expenses |
2,032.40 |
1,686.18 |
|
Finance costs |
38.02 |
94.92 |
|
Depreciation and amortization expenses |
410.33 |
275.34 |
|
Job Work & Labour Charges |
1,825.03 |
2,329.18 |
|
Other expenses |
2,856.88 |
2,091.11 |
|
Total expenses |
19,723.86 |
16,269.62 |
|
Profit /(Loss) before Tax |
5,081.20 |
2,979.57 |
|
Less: Tax Expenses |
||
|
Current Tax |
1,345.38 |
772.85 |
|
Tax of earlier years (Net) |
(18.54) |
6.07 |
|
Deferred Tax Liability |
(57.75) |
(2.22) |
|
Profit for the period |
3,812.12 |
2,202.87 |
02. Company''s Performance
The revenue from operations during the year 2025-26 has increased to Rs. 24,478.22 Lakhs as compared to Rs. 18,961.38 Lakhs in the last financial year which shows increase of 29.10% of previous year''s revenue. The Profit before tax is Rs. 5,081.20 Lakhs for FY 2025-26 as compared to Rs. 2,979.57 Lakhs in the last financial year. The company has made profit after tax of Rs. 3,812.12 Lakhs for FY 25-26 as compared to Rs. 2,202.87 Lakhs in the last financial year.During the Financial Year 2025-26, your Company has migrated from the SME Platform of National Stock Exchange (NSE) to Capital Market Segment (Main Board) pursuant to Migration with effect from on 30th December, 2025 vide NSE letter NSE/LIST/287 dated 26th December, 2025.
03. Management Discussion & Analysis
A detailed review of the operations, performance and future outlooks of the Company and its businesses is given in the Management Discussion and Analysis Report which forms part of this Report as Annexure I.
04. Directors and Key Managerial Personnel
Following changes incorporated during the financial year 2025-26:
1. Mr. Anil Kumar Dutta appointment was confirmed by the shareholders of the Company in the Postal Ballot 09th May, 2025.
2. There was a demise of Mr. Sandeep Ramrao Kadam (DIN: 06841164), Whole-time Director of the Company, on 27th March 2026.
However, after the end of Financial Year and before issuance of Board Report
3. Mr. Piyush Harjibhai Patel resigned from the post of Chief Financial Officer of the Company on 07th April 2026.
4. Mr. Manish Shah was appointed as a Chief Financial Officer of the Company by Board of Directors on 11th April 2026.
Re-appointments/ Appointments to be considered:
Mrs. Preyal Ankur Shah DIN (06966962), Director of the Company and eligible for re-appointment has given her consent and declaration under Form DIR-8 pursuant to Section 164(2) read with Rule 14(1) of Companies (Appointment and Qualification of Directors) Rules, 2014.
Mr. Ankur Ashwin Shah (DIN: 01166537), Managing Director of the Company and eligible for re-appointment has given his consent and declaration under Form DIR-8 pursuant to Section 164(2) read with Rule 14(1) of Companies (Appointment and Qualification of Directors) Rules, 2014.
Relevant resolutions (Ordinary and Special, as applicable) seeking shareholders'' approval forms part of the Notice. Details of Mr. Ankur Ashwin Shah (DIN: 01166537), Managing Director seeking re-appointment as per Regulation 36 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 and as per prevailing Secretarial Standards issued by ICSI, is already annexed to the notice of the annual general meeting.
Mr. Jaykumar Toshniwal (DIN: 00609542), and Mr. Divyakant Ramniklal Zaveri (DIN: 01382184), Independent Director of the Company and eligible for re-appointment has given their consent and declaration under Form DIR-8 pursuant to Section 164(2) read with Rule 14(1) of Companies (Appointment and Qualification of Directors) Rules, 2014.
Mr. Harshadsinh Mahida (DIN: 11760208), appointed as an Whole-time director of the Company with effect from 17th June 2026, the Board of Directors has approved his appointment as Whole-time Director of the Company, subject to the approval of the shareholders at the ensuing Annual General Meeting.
Accordingly, a Special Resolution seeking shareholders'' approval for his appointment as Whole-time Director is included in the Notice convening the ensuing Annual General Meeting. The relevant details and disclosures as required under the Companies Act, 2013 are provided in the Explanatory Statement annexed to the Notice of the Annual General Meeting.
Pursuant to the provisions of Section 203 of the Act, the Key Managerial Personnel of the Company as on March 31, 2026 are:
• Mr. Ankur Ashwin Shah - Managing Director
• Mr. Piyush Patel- Chief Financial Officer
• Ms. Gunjan Bhagtani- Company Secretary and Compliance Officer The List of Directors for F.Y. 2025-2026 are as under:
|
Name of Director |
Category Cum Designation |
Date of Appointment |
No. of Shares held as on March 31, 2026 |
|
|
Mr. Ankur Ashwin Shah |
Managing Director |
10/09/2013 |
54,53,890 |
|
|
Mr. Divyakant Ramniklal Zaveri |
Independent Director |
23/08/2021 |
- |
|
|
Mr. Jaykumar Toshniwal |
Independent Director |
23/08/2021 |
- |
|
|
Mrs. Preyal Ankur Shah |
Chairman & Non-Executive Director |
11/01/2022 |
3,36,000 |
|
|
Mr. Anil Kumar Dutta |
Independent Director |
25/03/2025 |
||