KG Denim Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company also informed of the resignation of Shri D. Kumaravel as an Independent Director, effective November 13, 2026. Additionally, the Board approved the continuation of Mr. K.G. Baalakrishnan as Non-Executive Chairman beyond the age of 75, subject to member approval.
Financial Highlights for Q2 FY27
KG Denim Limited has disclosed its unaudited financial results for the quarter and half-year period concluding on September 30, 2026. The results, which include standalone and consolidated figures, were approved by the Board of Directors during a meeting held on Friday, November 13, 2026.
Director Resignation and Appointment
The company announced the resignation of Shri D. Kumaravel (DIN:00004827) as an Independent Director, effective from the closure of business hours on November 13, 2026, due to personal reasons. A copy of his resignation letter has been provided. Concurrently, the Board approved the continuation of Mr. K.G. Baalakrishnan (DIN:00002174) as Non-Executive Chairman beyond the age of 75, pending member approval. His tenure is subject to Regulation 17(1A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Postal Ballot for Chairman’s Continuation
To seek member approval for Mr. K.G. Baalakrishnan’s continuation as Non-Executive Chairman, a postal ballot process will be conducted. MDS & Associates LLP, Company Secretaries, have been appointed as the Scrutinizer for this process. The Postal Ballot Notice will be communicated to the Stock Exchange and shareholders in due course.
Auditor’s Review Report
The independent auditors, Gopalaiyer and Subramanian, have provided their review report on the standalone unaudited financial results for the quarter and half-year ended September 30, 2026. They noted that the statements were prepared in accordance with Indian Accounting Standard 34 and complied with SEBI’s listing regulations. A point of emphasis highlighted was the ongoing recovery proceedings by certain creditors before the National Company Law Tribunal (NCLT) involving aggregate claims of ₹10.50 crore, of which ₹6.50 crore is disputed.
Segment Performance
The company’s financial disclosures also include segment-wise results. The business operates across two primary segments: Textiles and Power. For the half-year ended September 30, 2026, segment revenue for Textiles was ₹1,594 lakhs, and for Power was ₹69 lakh. Segment results (profit before interest and tax) for Textiles were ₹1,163 lakhs, while Power recorded a loss of ₹244 lakhs.
Consolidated Financials
The consolidated financial results encompass the holding company and its subsidiaries, KG Denim (USA) Inc. and Trigger Apparels Limited. The consolidated financial statements reflect the combined performance and financial position of these entities. The consolidated revenue from operations for the half-year ended September 30, 2026, stood at ₹3,607 lakhs.
Source: BSE
