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KSE Ltd. Interim / Quarterly Report 2026
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Interim / Quarterly Report
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KSE
LIMITED
AN ISO 9001:2008 COMPANY
19 May 2026
BSE Limited
Corporate Relationship Department
First Floor, New Trading Ring
Rotunda Building
P.J. Towers, Dalal Street
Mumbai – 400 001.
Dear Sirs,
Sub: Audited Financial Results for Quarter/Year ended 31st March 2026 pursuant to Regulations 30, 33 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
We wish to inform you that the Board of Directors of the Company, at their meeting held on 19th May, 2026 at Irinjalakuda, has approved the Audited Financial Results of the Company for the quarter and year ended 31st March, 2026. Pursuant to Regulation 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the following:
- Audited Financial Results of the Company for the quarter and year ended 31st March, 2026;
- Audit Report issued by M/s. Sridhar & Co., Chartered Accountants, Statutory Auditors of the Company, in respect of the aforesaid Audited Financial Results;
- Declaration pursuant to Regulation 33(3)(d) of the SEBI (LODR) Regulations, 2015 confirming that the Audit Report issued by the Statutory Auditors is with an unmodified opinion; and
- Copy of the extract of the aforesaid Financial Results proposed to be published in newspapers in the format prescribed by SEBI.
The meeting of the Board commenced at 5.00 p.m. and concluded at 9.45 p.m.
We request you to kindly take the above on records.
Thanking You,
Yours faithfully,
For KSE Limited
SRIVIDYA DAMODARAN
Dramodaran
Dated: 2026.05.19
23:42:13 +05'30'
Srividya Damodaran
Company Secretary
Corporate Office: P.B. No. 20, Solvent Road, Irinjalakuda, Kerala-680 121 Tel: 0480 2825476, 2825576, 2826676
CIN No. L15331KL1963PLC002028 Email: [email protected] Website: www.kselimited.com
KSE
LIMITED
CIN No: L15331KL1963PLC002028
Regd. Office: Post Box No. 20,
Solvent Road, Irinjalkuda, Kerala - 680 121
Ph: 0480 2825476, Email: [email protected]
Web: www.kselimited.com
STATEMENT OF AUDITED FINANCIAL RESULTS
FOR THE QUARTER / YEAR ENDED 31ST MARCH 2026
Rs. in lakhs
| Particulars | Quarter ended | Year ended | ||||
|---|---|---|---|---|---|---|
| 31.03.2026 | 31.12.2025 | 31.03.2025 | 31.03.2026 | 31.03.2025 | ||
| Audited | Unaudited | Audited | Audited | Audited | ||
| 1 Income | ||||||
| Revenue from operations | 40916.40 | 42792.85 | 39181.01 | 168048.33 | 164952.80 | |
| Other Income | 337.50 | 372.87 | 365.39 | 1526.72 | 806.65 | |
| Total Income | 41253.90 | 43165.72 | 39546.40 | 169575.05 | 165759.45 | |
| 2 Expenses | ||||||
| a) Cost of materials consumed | 33701.94 | 32412.10 | 27458.01 | 127493.55 | 124186.52 | |
| b) Purchases of Stock-in-trade | 3282.20 | 2589.84 | 2424.37 | 11629.85 | 10939.69 | |
| c) Changes in inventories of finished goods and Stock-in-trade | (337.02) | 743.41 | 175.05 | (316.01) | 522.99 | |
| d) Employee benefits expense | 1953.85 | 2312.16 | 1771.23 | 7679.46 | 6677.19 | |
| e) Finance Costs | 64.58 | 64.87 | 63.62 | 259.15 | 242.78 | |
| f) Depreciation and amortisation expense | 214.01 | 218.92 | 168.94 | 798.58 | 562.18 | |
| g) Other expenses | 2843.04 | 2519.80 | 2773.16 | 10623.64 | 10607.24 | |
| Total expenses | 41722.60 | 40861.10 | 34834.38 | 158168.22 | 153738.59 | |
| 3 Profit/(Loss) before exceptional Items and tax (1-2) | (468.70) | 2304.62 | 4712.02 | 11406.83 | 12020.86 | |
| 4 Exceptional Items - (Income) / Expenses(See Note No. 4) | - | - | - | - | (250.75) | |
| 5 Profit / (Loss) before tax (3-4) | (468.70) | 2304.62 | 4712.02 | 11406.83 | 12271.61 | |
| 6 Tax Expense | ||||||
| (a) Current tax | (200.00) | 800.00 | 1,200.00 | 3,000.00 | 3,100.00 | |
| (b) Relating to earlier years (net) | (11.00) | - | - | (11.00) | (3.09) | |
| (c) Deferred tax | 115.72 | (130.22) | 32.87 | 13.80 | 43.97 | |
| 7 Profit / (Loss) for the period (5-6) | (373.42) | 1634.84 | 3479.15 | 8404.03 | 9130.73 | |
| 8 Other Comprehensive Income (OCI) | ||||||
| A. (i) Items that will not be reclassified to Profit or Loss | 201.29 | (23.06) | 132.54 | 95.33 | (26.63) | |
| (ii) Income tax relating to items that will not be reclassified to Profit or Loss | (50.66) | 5.81 | (33.36) | (23.99) | 6.70 | |
| B. (i) Items that will be reclassified to Profit or Loss | - | - | - | - | - | |
| (ii) Income tax relating to items that will be reclassified to Profit or Loss | - | - | - | - | - | |
| Total Other Comprehensive Income (net of tax) | 150.63 | (17.25) | 99.18 | 71.34 | (19.93) | |
| 9 Total Comprehensive Income for the period (7 + 8) | (222.79) | 1617.59 | 3578.33 | 8475.37 | 9110.80 | |
| 10 Paid-up Equity Share Capital (Face value of Rs. 1 per share) | 320.00 | 320.00 | 320.00 | 320.00 | 320.00 | |
| 11 Other Equity | 34630.02 | 29354.60 | ||||
| 12 Earnings Per Equity Share having face value of Rs.1 each - (Not Annualised) - Basic and Diluted (Rs.) | (1.167) | 5.109 | 10.872 | 26.263 | 28.534 |
Irinjalakuda
19th May 2026
For KSE Limited
Paul Francis
KSE
LIMITED
CIN No: L15331KL1983PL0002026
Regd. Office: Post Box No. 20,
Solvent Road, Irinjalakuda, Kerala - 680 121
Ph: 0480 2825476, Email: [email protected]
Web: www.kselimited.com
BALANCE SHEET AS AT 31ST MARCH 2026
Rs. in Lakhs
| Particulars | As at 31.03.2026
(Audited) | | As at 31.03.2025
(Audited) | |
| --- | --- | --- | --- | --- |
| ASSETS | | | | |
| 1 Non-current assets | | | | |
| (a) Property, Plant and Equipment | | 6,004.06 | | 5,754.87 |
| (b) Capital work-in-progress | | 247.32 | | 416.65 |
| (c) Other intangible assets | | 5.84 | | 10.70 |
| (d) Financial assets | | | | |
| (i) Investments | 20.71 | | 134.52 | |
| (ii) Loans | 9.65 | | 8.02 | |
| (iii) Other Financial assets | 234.21 | | 230.17 | |
| Total non-current financial assets | | 264.57 | | 372.71 |
| (e) Deferred Tax Assets - Net | | - | | 26.66 |
| (f) Other non-current assets | | 3.81 | | 53.37 |
| Total non-current assets | | 6,525.60 | | 6,634.96 |
| 2 Current assets | | | | |
| (a) Inventories | | 14,316.77 | | 11,204.51 |
| (b) Financial assets | | | | |
| (i) Investments | 14,981.93 | | 11,197.91 | |
| (ii) Trade receivables | 96.40 | | 171.27 | |
| (iii) Cash and cash equivalents | 2,776.89 | | 1,638.77 | |
| (iv) Bank balances other than (iii) above | 1,181.44 | | 3,505.63 | |
| (v) Loans | 226.48 | | 212.95 | |
| (vi) Other financial assets | 15.91 | | 19.22 | |
| Total current financial assets | | 19,279.05 | | 16,745.75 |
| (c) Current Tax assets (net) | | 407.53 | | - |
| (d) Other current assets | | 968.67 | | 1,087.86 |
| Total current assets | | 34,972.02 | | 29,038.12 |
| Total assets | | 41,497.62 | | 35,673.08 |
| EQUITY AND LIABILITIES | | | | |
| 1 Equity | | | | |
| (a) Equity share capital | | 320.00 | | 320.00 |
| (b) Other equity | | 34,630.02 | | 29,354.60 |
| Total equity | | 34,950.02 | | 29,674.60 |
| 2 Liabilities | | | | |
| Non-current liabilities | | | | |
| (a) Financial liabilities | | | | |
| (i) Borrowings | | 1,755.14 | | 1,705.33 |
| (b) Provisions | | 628.57 | | 166.38 |
| (b) Deferred Tax Liabilities (net) | | 11.14 | | - |
| Total non-current liabilities | | 2,394.85 | | 1,871.71 |
| Current liabilities | | | | |
| (a) Financial liabilities | | | | |
| (i) Borrowings | 732.02 | | 700.78 | |
| (ii) Trade payables - | | | | |
| (a) Micro Enterprises and Small Enterprises | 354.61 | | 274.56 | |
| (b) Others | 605.07 | | 639.40 | |
| (iii) Other financial liabilities | 1,675.33 | | 1,747.86 | |
| Total current financial liabilities | | 3,367.03 | | 3,362.60 |
| (b) Other current liabilities | | 785.72 | | 761.47 |
| (c) Provisions | | - | | - |
| (d) Current tax liabilities (Net) | | - | | 2.70 |
| Total current liabilities | | 4,152.75 | | 4,126.77 |
| Total liabilities | | 6,547.60 | | 5,998.48 |
| Total equity and liabilities | | 41,497.62 | | 35,673.08 |
Irinjalakuda
19th May 2026
For KSE Limited
Paul Francis
(DIN 00382797)
Executive Director
KSE
LIMITED
CIN No: L15331KL1963PLC002028
Regd. Office: Post Box No. 20,
Solvent Road, Irinjalakuda, Kerala - 680 121
Ph: 0480 2825476, Email: [email protected]
Web: www.kselimited.com
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2026
Rs. In Lakhs
| Particulars | Year ended 31.03.2026 | Year ended 31.03.2025 | ||
|---|---|---|---|---|
| Audited | Audited | |||
| A CASH FLOW FROM OPERATING ACTIVITIES | ||||
| Profit for the year | 8,404.03 | 9,130.73 | ||
| Adjustments for: | ||||
| Depreciation and amortisation expense | 798.58 | 562.18 | ||
| Finance costs | 259.15 | 242.78 | ||
| Tax Expense | 3,002.80 | 3,140.88 | ||
| Net gain arising on investments measured at fair value through profit or loss | (531.00) | (240.22) | ||
| Interest income from banks | (63.95) | (19.81) | ||
| Income from Mutual Fund | (21.00) | (62.74) | ||
| Provision for employee benefits - Compensated Leave absences | 30.69 | 26.54 | ||
| Provision for doubtful debts and advances | 35.74 | (13.63) | ||
| Excess provision for doubtful debts and advances written back | (2.30) | |||
| Gain on sale of current investments classified at fair value | (606.99) | (167.03) | ||
| Net gain on sale of property, plant and equipment | (0.03) | 2,901.69 | (47.83) | 3,421.12 |
| Operating profit before working capital changes | 11,305.72 | 12,551.85 | ||
| Adjustments for: | ||||
| Inventories | (3,112.26) | 4,333.66 | ||
| Trade receivables, loans & advances and other current assets | 232.80 | 161.87 | ||
| Trade payables, other current liabilities and provisions | 325.36 | (2,554.10) | 368.85 | 4,864.38 |
| Cash generated from operations | 8,751.62 | 17,416.23 | ||
| Income-tax paid | 3,399.23 | 3,149.42 | ||
| Net cash from / (used in) operating activities (a) | 5,352.39 | 14,266.81 | ||
| B CASH FLOW FROM INVESTING ACTIVITIES | ||||
| Purchase of property, plant and equipment | (825.28) | (1,436.46) | ||
| Sale /Compensation on acquisition of property, plant and equipment | 1.29 | 50.41 | ||
| Advance for purchase of property, plant and equipment | - | (93.10) | ||
| Purchase of investments | (28,928.67) | (22,998.85) | ||
| Redemption of investments | 26,396.48 | 15,749.29 | ||
| Bank deposits not treated as cash and cash equivalents | 2,372.01 | (3,164.38) | ||
| Bank deposits with long term maturity | 4.17 | (3.36) | ||
| Income from Mutual Fund | 23.61 | 66.07 | ||
| Interest income from banks | 64.43 | 11.72 | ||
| Net cash from / (used) in investing activities (b) | (891.96) | (11,818.66) | ||
| C CASH FLOW FROM FINANCING ACTIVITIES | ||||
| Proceeds /(repayment) of short-term bank borrowings | (12.20) | 12.76 | ||
| Acceptance of public deposits | 183.50 | 370.70 | ||
| Repayment of public deposits | (90.22) | (61.62) | ||
| Bank balances pertaining to unencashed dividend warrants | (47.82) | (43.20) | ||
| Finance costs | (203.39) | (258.00) | ||
| Dividends paid | (3,152.18) | (1,876.80) | ||
| Net cash from / (used in) financing activities (c) | (3,322.31) | (1,856.16) | ||
| D NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS - (A) + (B) + (C) | 1,138.12 | 591.99 | ||
| Cash and cash equivalents at the beginning of the year | 1,638.77 | 1,046.78 | ||
| Cash and cash equivalents at the end of the year | 2,776.89 | 1,638.77 | ||
| E NET INCREASE / (DECREASE) AS DISCLOSED ABOVE | 1,138.12 | 591.99 |
Irinjalakuda
19th May 2026
For KSE Limited
Paul Francis
(DIN 09382797)
Executive Director
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KSE
LIMITED
CIN No: L15331KL1963PLC002028
Regd. Office: Post Box No. 20,
Solvent Road, Irinjalakuda, Kerala - 680 121
Ph: 0480 2825476, Email: [email protected]
Web: www.kselimited.com
AUDITED SEGMENT INFORMATION
FOR THE QUARTER / YEAR ENDED 31ST MARCH 2026
Rs. In Lakhs
| Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|
| 31.03.2026 | 31.12.2025 | 31.03.2025 | 31.03.2026 | 31.03.2025 | |
| Audited | Unaudited | Audited | Audited | Audited | |
| 1 Segment Revenue | |||||
| a. Animal Feed Division | 34057.87 | 33376.22 | 31432.15 | 136151.39 | 138219.81 |
| b. Oil Cake Processing Division | 9193.34 | 12516.99 | 11333.80 | 43114.22 | 43074.47 |
| c. Dairy Division | 1598.34 | 1501.93 | 1410.30 | 6083.98 | 5664.58 |
| Total | 44849.55 | 47395.14 | 44176.25 | 185349.59 | 186958.86 |
| Less: Inter segment transfers | 3933.15 | 4602.29 | 4995.24 | 17301.26 | 22006.06 |
| Revenue from Operations | 40916.40 | 42792.85 | 39181.01 | 168048.33 | 164952.80 |
| 2 Segment Results | |||||
| a. Animal Feed Division | 177.27 | 574.25 | 2399.07 | 4338.43 | 6899.98 |
| b. Oil Cake Processing Division | (591.83) | 1708.71 | 2131.46 | 7069.13 | 5148.26 |
| c. Dairy Division | (238.14) | (163.53) | (192.78) | (805.26) | (291.30) |
| Total | (652.70) | 2119.43 | 4337.75 | 10602.30 | 11756.94 |
| Less: (a) Finance Costs | 64.58 | 64.87 | 63.62 | 259.15 | 242.78 |
| : (b) Interest income | (46.59) | (6.08) | (48.04) | (104.37) | (61.16) |
| : (c) Other un-allocable expenditure net off un-allocable income | (201.99) | (243.98) | (389.85) | (959.31) | (445.54) |
| : (d) Exceptional items - (Income) / Expenses (See Note No 4) | - | - | - | - | (250.75) |
| Profit / (Loss) Before Tax | (468.70) | 2304.62 | 4712.02 | 11406.83 | 12271.61 |
| Less: Tax Expense | |||||
| (i) Current Tax | (200.00) | 800.00 | 1,200.00 | 3,000.00 | 3,100.00 |
| (ii) Tax relating to earlier years (net) | (11.00) | - | - | (11.00) | (3.09) |
| (iii) Deferred Tax | 115.72 | (130.22) | 32.87 | 13.80 | 43.97 |
| Profit / (Loss) After Tax | (373.42) | 1634.84 | 3479.15 | 8404.03 | 9130.73 |
| 3 Segment Assets | |||||
| a. Animal Feed Division | 11950.38 | 12280.55 | 12421.95 | 11950.38 | 12421.95 |
| b. Oil Cake Processing Division | 7883.01 | 4222.87 | 4311.95 | 7883.01 | 4311.95 |
| c. Dairy Division | 1618.92 | 1797.27 | 1770.94 | 1618.92 | 1770.94 |
| d. Unallocated | 20045.31 | 25251.10 | 17168.24 | 20045.31 | 17168.24 |
| Total Assets | 41497.62 | 43551.79 | 35673.08 | 41497.62 | 35673.08 |
| 4 Segment Liabilities | |||||
| a. Animal Feed Division | 2212.00 | 2307.60 | 1931.72 | 2212.00 | 1931.72 |
| b. Oil Cake Processing Division | 367.40 | 495.78 | 778.26 | 367.40 | 778.26 |
| c. Dairy Division | 342.96 | 332.10 | 317.44 | 342.96 | 317.44 |
| d. Unallocated | 3625.24 | 3643.51 | 2971.06 | 3625.24 | 2971.06 |
| Total Liabilities | 6547.60 | 6778.99 | 5998.48 | 6547.60 | 5998.48 |
Irinjalakuda
19th May 2026
For KSE Limited
Paul Francis
(DIN 00382797)
Executive Director
Notes:
-
Above audited Financial Results for the quarter (refer note.2 below) and year ended 31st March 2026 of the company ("the results") were reviewed and recommended by the Audit Committee of the Board and were approved and taken on record by the Board of Directors at their respective meetings held on 19th May, 2026.
-
The figures for the quarters ended 31st March 2026 and 31st March 2025 are balancing figures between audited figures in respect of whole financial year and year to date published unaudited figures up to the third quarter of the relevant financial year, which were subjected only to limited review.
-
The results furnished herein above are in accordance with Indian Accounting Standards (Ind AS) as notified by the Ministry of Corporate Affairs pursuant to Section 133 of the Companies Act, 2013 as applicable read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 and guidelines issued by the Securities and Exchange Board of India. The results have been subjected to audit by the Statutory Auditors of the company and they have expressed an unmodified audit opinion.
-
The exceptional income of Rs 250.75 Lakhs for the year ended 31.03.2025 is net of insurance claim of Rs 251.80 Lakhs received for flood-related damages of raw materials in Tamil Nadu during FY 2023-24 and additional expense of Rs 1.05 Lakh incurred by the company during the year on account of the materials damaged.
-
The Board of Directors at its meeting held on 19.05.2026 recommended payment of commission/remuneration to non-executive directors aggregating to ₹109.71 lakhs being 1% of net profits computed under Section 198/197 of the Companies Act, 2013, subject to approval of shareholders by special resolution at the 62nd General Meeting. In view of the pending approval of shareholders, no provision has been made for the same in the financial statements.
-
On November 21, 2025, The Government of India has consolidated multiple existing labour legislations into a unified framework comprising four Labour Codes collectively referred to as the 'New Labour Codes'. Under Ind AS 19, changes to employee benefit plans arising from legislative amendments constitute a plan amendment requiring recognition of past service cost immediately in the statement of profit and loss. The Company has made a preliminary assessment of the potential impact of these changes on the basis of best information available and made an ad hoc provision of Rs 5 crore towards the estimated liability. The Company has not carried out a detailed actuarial assessment of the impact of the Labour Codes as at the reporting date. Accordingly, the actual impact, once formally assessed, may differ from the provision recognised. Any such differences will be accounted for in the period in which the formal assessment is completed.
-
During the year, the equity shares of the Company were subdivided from face value of ₹10 each to ₹1 each pursuant to approval of shareholders at the AGM and necessary corporate action. The capital clause of the Memorandum of Association has been amended accordingly. The Company is in the process of aligning the corresponding clause in the Articles of Association, wherever required.
-
The Board of Directors of the company has proposed a final dividend of Rs. 7.50/- per equity share, which is subject to approval by the shareholders at the ensuing Annual General Meeting. The total proposed final dividend for the year ended 31st March, 2026 amounts to Rs. 2,400 lakhs.
-
Figures in brackets represent negative figures.
-
Figures for the previous year/period are regrouped/reclassified where-ever necessary.
Irinjalakuda
19th May 2026
For KSE Limited
Paul Francis
(DIN 00382797)
Executive Director
FOR MAJOR COMMUNICATIONS
TRIVANDRUM
TRIVANDRUM
CA INDIA
SRIDHAR & Co. Chartered Accountants
Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone Financial Results of KSE Ltd. pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
To
The Board of Directors of KSE Ltd.
Report on the audit of the Standalone Financial Results.
Opinion
-
We have audited the accompanying statement of standalone annual financial results (the 'Statement') of KSE Ltd ('the Company') for the year ended 31 March 2026, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Listing Regulations').
-
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
i. is presented in accordance with the requirements of the Listing Regulations in this regard; and
ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards ("Ind AS") and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the Company for the quarter ended March 31, 2026, and for the year ended March 31, 2026.
Basis for Opinion
- We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Standalone Financial Statements" section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India
"Sreenidhi", T.C - 80/315 (Old 37/275), Padmatheertham North Street, Fort PO, Thiruvananthapuram - 695023, Kerala, India. Phone: +91 471 2451240, 2453639, 4013210 Email: [email protected], [email protected] URL: www.sriaudit.in Also At: Kochi, Chennai & Trichur
together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.
Management’s Responsibilities for the Standalone Financial Results
-
This Statement, which includes the Standalone financial results is the responsibility of the Company’s Board of Directors and has been approved by them for the issuance. The Statement has been compiled from the audited standalone annual financial statements and reviewed quarterly financial results up to the end of the third quarter. This responsibility includes preparation and presentation of the Statement that gives a true and fair view of the net profit and other comprehensive income of the Company and other financial information in accordance with the recognition and measurement principles laid down in Ind AS, prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
-
In preparing the Statement, the Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors are also responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Standalone Annual Financial Results
-
Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.
-
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
i. Identify and assess the risks of material misstatement of the Statement, whether due to
2
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
ii. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
iii. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone annual financial results made by the Management and Board of Directors.
iv. Evaluate the appropriateness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations.
v. Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
vi. Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.
vii. Obtain sufficient appropriate audit evidence regarding the Statement to express an opinion on the Statement.
Materiality is the magnitude of misstatements in the Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factor in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Standalone Annual Financial Results.
- We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
- We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matter
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The Statement includes the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review, as required under the Listing Regulations. Our opinion on the Statement is not modified in respect of this matter.
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We draw attention to Note 6 of the statement, which states about the adhoc provision made towards estimated liability on implementation of the ‘New Labour Codes’. Our conclusion is not modified in respect of this matter.
For Sridhar & Co
Chartered Accountants
Firm Registration Number: 003978S.
CA. Jayasindhu I
Partner
Membership Number: 205660
UDIN: 26205660CXKMJU1819
Place: Irinjalakuda
Date: May 19, 2026
KSE LIMITED
CIN No: L15331KL1953PLC002028
Regd. Office: Post Box No. 20,
Solvent Road, Irinjalakuda, Kerala - 680 121
Ph: 0480 2825476, Email: [email protected]
Web: www.kselimited.com
EXTRACT OF AUDITED FINANCIAL RESULTS
FOR THE QUARTER / YEAR ENDED 31ST MARCH 2026
| Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|
| 31.03.2026 | |||||
| Audited | 31.12.2025 | ||||
| Unaudited | 31.03.2025 | ||||
| Audited | 31.03.2026 | ||||
| Audited | 31.03.2025 | ||||
| Audited | |||||
| Total Income from Operations | 41253.90 | 43165.72 | 39546.40 | 169575.05 | 165759.45 |
| Net Profit / (Loss) for the period (before tax, Exceptional and/or Extra-ordinary Items) | (468.70) | 2304.62 | 4712.02 | 11406.83 | 12020.86 |
| Net Profit / (Loss) for the period before tax (after Exceptional and/or Extra-ordinary Items) | (468.70) | 2304.62 | 4712.02 | 11406.83 | 12271.61 |
| Net Profit / (Loss) for the period after tax (after Exceptional and/or Extra ordinary items) | (373.42) | 1634.84 | 3479.15 | 8404.03 | 9130.73 |
| Total Comprehensive Income for the period [Comprising Profit / (Loss) for the period (after tax) and Other Comprehensive Income (after tax)] | (222.79) | 1617.59 | 3578.33 | 8475.37 | 9110.80 |
| Paid up Equity Share Capital | 320.00 | 320.00 | 320.00 | 320.00 | 320.00 |
| Other Equity | 34630.02 | 29354.60 | |||
| Earnings Per Equity Share of Rs.1 each | |||||
| (for continuing and discontinued operations) (not annualised) | |||||
| Basic (Rs.) | (1.167) | 5.109 | 10.872 | 26.263 | 28.534 |
| Diluted (Rs.) | (1.167) | 5.109 | 10.872 | 26.263 | 28.534 |
Note: The above is an extract of the detailed format of the Financial Results for the quarter and year ended 31st March, 2026 filed with the Stock Exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Financial Results for the quarter and year ended 31st March, 2026 are available on the Stock Exchange website at www.bseindia.com and on the Company's website at www.kselimited.com.
Irinjalakuda
19th May 2026
KSE LIMITED
CIN No. L15331KL1963PLC002028
AN ISO 9001 : 2015 COMPANY
Post box No. 20, Irinjalakuda Kerala - 680 121
Tel : 0480-2825476, 2825576, 2826676
E-mail:[email protected],Website:www.kselimited.com
19 May 2026
BSE Limited
Corporate Relationship Department
First Floor, New Trading Ring
Rotunda Building
P.J. Towers, Dalal Street
Mumbai – 400 001.
Dear Sirs,
Ref: Security ID – KSE; Security Code – 519421; ISIN: INE953E01014
DECLARATION
Pursuant to Regulation 33(3)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, I hereby declare that M/s. Sridhar & Co., Chartered Accountants (FRN: 003978S), Statutory Auditors of the Company, have issued an Audit Report with unmodified opinion on the Audited Financial Results of the Company for the quarter and year ended 31st March, 2026.
You may please take the above declaration on record.
For KSE Limited
Paul Francis
Executive Director