Karnika Industries MD, chairman and AGM
NSE: KARNIKATextiles & Apparels
Share price at the NSE close on 30 Oct 2026. Previous close ₹132.20.
30 Oct: open ₹132.20, high ₹135.45, low ₹130.00
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. Market capitalisation: how it is worked out
- ₹827 Cr
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 22.06
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 6.33
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.08%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the latest balance sheet's; the one a year before is not on record.
- 28.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 22.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.63
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 70,00092.9% delivered
Karnika Industries' chairperson is KIRTI TAPARIA and its managing director NIRANJAN MUNDHRA, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 30 Sep 2026.
Karnika Industries board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Managing directorNIRANJAN MUNDHRA
- ChairpersonKIRTI TAPARIA
6 directors2 independent3 executive1 non-executive
- NIRANJAN MUNDHRA · Managing directorExecutive · joined Apr 2022 · reappointed Dec 2022 · 54 months as independent · 1 listed board
- SHIV SHANKAR MUNDHRAExecutive · joined Apr 2022 · reappointed Jun 2022 · 54 months as independent · 1 listed board · 1 committee seat
- MAHESH KUMAR MUNDHRAExecutive · joined Apr 2022 · reappointed Jun 2022 · 54 months as independent · 1 listed board
- KIRTI MUNDHRANon-executive · joined Jan 2023 · reappointed Mar 2023 · 45 months as independent · 1 listed board · 2 committee seats
- KIRTI TAPARIA · ChairpersonIndependent · joined Mar 2023 · reappointed Mar 2023 · 43 months as independent · 0 listed boards · 1 as independent · 2 committee seats, 2 as chair
- YASH JHAWARIndependent · joined Mar 2026 · reappointed May 2026 · 7 months as independent · 0 listed boards · 1 as independent · 2 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- SURAJ KUMAR SINGH, left 11 Feb 2026: Others
- SHASHIKANT SONI, left 29 Aug 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 11 Sep 20266 of 6 present6 independent · 2 days in between
- 8 Sep 20266 of 6 present6 independent · 3 days in between
- 4 Sep 20266 of 6 present6 independent · 16 days in between
- 18 Aug 20266 of 6 present6 independent · 18 days in between
2 earlier meetings
- 30 Jul 20266 of 6 present6 independent · 36 days in between
- 23 Jun 20266 of 6 present6 independent
Audit Committee
Chair KIRTI TAPARIA
YASH JHAWAR, KIRTI MUNDHRA
- 4 Jul 20263 of 3 present2 independent · 48 days in between
- 16 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair KIRTI TAPARIA
YASH JHAWAR, KIRTI MUNDHRA
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair KIRTI TAPARIA
YASH JHAWAR, KIRTI MUNDHRA, SHIV SHANKAR MUNDHRA
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- M/S A A A J & ASSOCIATES, CHARTERED ACCOUNTANTSPeer-review certificate valid to Sep 2026
2 earlier auditors
- M/S. A A A J & ASSOCIATESNamed in filings from Sep 2025 to Mar 2026
- A A A J & Associates (formerly known as Uttam Agarwal & Associates)Named in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Karnika Industries AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Karnika Industries dividend history
Annual general meeting, 30 Sep 2026
1,254 shareholders on the register on 19 Sep 2026; present: 8 promoters and 17 others; votes counted by POONAM BINANI / POONAM BINANI.
- To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, along with the Reports of the Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.39% · promoters 100.00% · institutions 0.00% · other public 0.00%
- To receive, consider and adopt the Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, along with the Reports of the Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.39% · promoters 100.00% · institutions 0.00% · other public 0.00%
- To consider the re-appointment of Mrs. Kirti Mundhra (DIN - 09549207) as a director, liable to retire by rotation, and being eligible, offers herself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.39% · promoters 100.00% · institutions 0.00% · other public 0.00%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 11 May 2026, 3 resolutions
1,019 shareholders on the register on 4 May 2026; present: 8 promoters and 10 others; votes counted by POONAM BINANI / POONAM BINANI.
- Alteration of the Articles of Association of the Company.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.27% · promoters 100.00% · institutions 0.00% · other public 18.34%
- Issue of Convertible Warrants on Preferential BasisSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 4.88% · promoters 0.00% · institutions 0.00% · other public 18.34%
- To appoint Mr. Yash Jhawar (DIN-11590536) as an Independent director.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.27% · promoters 100.00% · institutions 0.00% · other public 18.34%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Stakes in unlisted companies
Reported in the filing for the quarter to Sep 2026.
- Unlisted stake boughtELEMENTA LIFESPACES PRIVATE LIMITEDSince 24 Jul 2026
40.00% bought in the quarter; holding 40.00%, from 0.00%
- Unlisted stake boughtRDB ELEMENTA SPORTS ACADEMY PRIVATE LIMITEDSince 12 Aug 2026
26.00% bought in the quarter; holding 26.00%, from 0.00%
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. The company's results filing for the quarter to Sep 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesJun 2026 | 12.00 | PAYMENT TO CREDITORS AND REPAYMENT OF BANK LOAN | 12.00 | 12.00 | No |