Kridhan Infra Limited

Kridhan Infra Ltd is sending a letter to shareholders without registered email IDs, providing a weblink and QR code to access the Annual Report for FY 2025-26 and the Notice of the 20th Annual General Meeting. The AGM is scheduled for September 29, 2026. This action complies with SEBI Listing Regulations, ensuring all members can access crucial company documents. Shareholders are encouraged to update their email addresses for future communications and to support green initiatives.

Kridhan Infra Ltd has announced its 20th Annual General Meeting (AGM) will be held on Tuesday, September 29, 2026, at 9:30 a.m. IST. The meeting will be conducted through Video Conferencing/Other Audio-Visual Means, with the notice being dispatched electronically to shareholders. Key agenda items include the adoption of standalone and consolidated audited financial statements for the fiscal year ended March 31, 2026, the reappointment of a director retiring by rotation, and the appointment of M/s U B Lakhani & Company as statutory auditors for a term of five years. Additionally, the AGM will address the appointment of the same firm to fill a casual vacancy caused by the resignation of the previous auditors.

Kridhan Infra Ltd has submitted its Annual Report for the financial year 2025-26, as per Regulation 34 of SEBI LODR Regulations. The report includes the notice for the 20th Annual General Meeting (AGM) scheduled for September 29, 2026, at 9:30 AM, to be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The Annual Report is also available on the company's website. The filing also lists the Board of Directors, Company Secretary, Auditors, and Registered Office details.

Kridhan Infra Limited's Board of Directors, following a recommendation from the Audit Committee, has approved the appointment of M/s U B Lakhani & Company as the new Statutory Auditors. This appointment is to fill a casual vacancy caused by the resignation of the previous auditor, Jignesh Savla & Associates, effective August 31, 2026. M/s U B Lakhani & Company will hold office until the conclusion of the upcoming Annual General Meeting. Furthermore, the Board has recommended their appointment for a subsequent term of five consecutive years, from the conclusion of the 20th AGM until the conclusion of the 25th AGM, subject to member approval. The firm has a professional legacy dating back to 1979 and is eligible to audit listed entities.

Kridhan Infra Limited's Board of Directors has approved the appointment of M/s U B Lakhani & Company (FRN:105532W) as the new Statutory Auditors. This appointment, recommended by the Audit Committee, fills a casual vacancy caused by the resignation of Jignesh Savla & Associates. U B Lakhani & Company will initially hold office until the conclusion of the ensuing Annual General Meeting and subsequently for a term of five consecutive years, subject to member approval. The firm is a Mumbai-based Chartered Accountant firm established in 1979, with a valid Peer Review Certificate and expertise in various financial services.

Kridhan Infra Ltd has announced the resignation of its statutory auditor, M/s. Jignesh Savla & Associates, Chartered Accountants. The resignation is effective from August 31, 2026. The auditor cited pre-occupation with other assignments as the reason for their inability to devote sufficient time to the company's affairs. The firm has completed the statutory audit for the financial year ended March 31, 2026, and submitted its report on May 30, 2026. The company will need to appoint a new auditor in due course.

Kridhan Infra Ltd's Board of Directors convened on August 13, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also disclosed the appointment of key managerial personnel authorized to determine materiality of events and make disclosures. The financial results were prepared on a going concern basis, with the auditor noting accumulated losses and net worth erosion, but also highlighting the company's efforts to increase its equity base and future business prospects. The auditor's limited review report was also approved.

Kridhan Infra Ltd announced that its Board of Directors, in a meeting held on August 13, 2026, approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also informed about the authorization of Key Managerial Personnel to determine materiality of events and make disclosures. The auditor's limited review report highlighted that the company has accumulated losses and its net worth is fully eroded, but it is preparing financial results on a going concern basis, supported by future business prospects, cost reduction measures, and efforts to increase its equity base.

Kridhan Infra Ltd has submitted its Statement of Deviation/Variation in utilization of funds for the quarter ended June 30, 2026. The company raised ₹41,60,00,000. The report indicates no deviation or variation in the use of funds raised. The total funds utilized as of the quarter were ₹15,50,13,750. The company confirmed that any deviation is not pursuant to a change in terms of a contract or objects approved by shareholders. The filing is in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Kridhan Infra Ltd has received a Show Cause Notice (SCN) from the Securities and Exchange Board of India (SEBI) dated August 12, 2026. The notice alleges non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Specific violations cited include improper recognition of interest on bank loans in financial statements, failure to disclose departures from accounting standards, and non-filling of key management positions (Managing Director and CFO) for extended periods. SEBI has initiated adjudication proceedings. The SCN does not quantify any monetary penalty, and the financial implications are currently unascertainable, pending the outcome of the proceedings.