Keerthi Industries Limited announced the outcome of its Board Meeting held on November 14, 2026. The board approved the unaudited financial results for the quarter and half-year ended September 30, 2026, along with the limited review report. Key personnel changes were also disclosed, including the resignation of Ms. Anupama Iyer as Company Secretary and Compliance Officer, and Mr. P.V. Subba Rao as Chief Financial Officer. The company also approved availing unsecured loans totaling up to ₹22 crores.
Board Meeting Outcomes
Keerthi Industries Limited held its Board Meeting on Saturday, November 14, 2026, and has announced several key decisions. The meeting, conducted via video conferencing, saw the approval of the unaudited financial results for the quarter and half-year ended September 30, 2026. A limited review report from the statutory auditors was also approved and attached as Annexure-A.
Key Personnel Changes
Significant changes in the company’s leadership were announced. Ms. Anupama Iyer resigned from her position as Company Secretary and Compliance Officer, effective from the closure of business hours on November 14, 2026, to pursue career growth. Mr. Seshagiri Rao Jasti, Managing Director, will temporarily assume the role of Compliance Officer. Additionally, Mr. P.V. Subba Rao has resigned as the Chief Financial Officer, with the effective date to be intimated later. Details of these resignations are provided in Annexure-B and Annexure-C, with a summary in Annexure-D.
Financial Arrangements
The company also resolved to avail unsecured loans amounting to up to ₹11 crores from Mr. J.S Rao, Managing Director, and up to ₹11 crores from Mrs. Triveni Jasti, Chairperson and Whole Time Director. This brings the total potential unsecured borrowing to ₹22 crores.
Operational Updates
A proposal to shift the corporate and administrative operations and employee workspace to Survey no. 168, Beside Sai Anurag Colony, Ameenpur, Sangareddy, Hyderabad-502032 for administrative purposes was also discussed. This move does not involve any change to the company’s Registered Office.
Financial Performance Overview
The unaudited financial results indicate a net loss for the half-year ended September 30, 2026, amounting to ₹726.60 lakhs. Revenue from operations for the same period stood at ₹46.30 lakhs. The detailed financial statements, including the Balance Sheet and Cash Flow Statement, are provided, highlighting a net loss of ₹1,528.83 lakhs for the year ended March 31, 2026.
Auditor’s Review and Going Concern
The independent auditor’s review report highlights a material uncertainty related to the going concern assumption. The company has incurred losses during the current and previous financial years, with current liabilities exceeding current assets by ₹55.42 crores as of September 30, 2026. The auditor notes delayed payments to creditors and a temporary suspension of operations due to unfavorable market conditions. Despite these challenges, the financial results have been prepared on a going concern basis, and the auditor’s opinion remains unmodified.
Source: BSE
