The Board of Directors of N. K. Industries Limited approved the audited consolidated financial results for the quarter and year ended March 31, 2026, during their meeting held on May 27, 2026. The consolidated results include the performance of its three wholly-owned subsidiaries: Banpal Oilchem Private Limited, N.K. Oil Mills Private Limited, and Tirupati Retail (India) Private Limited.

N. K. Industries Limited, headquartered in Ahmedabad, operates in the oil and related products sector. The company has been managing various legal and regulatory disputes for over a decade, which continue to impact its financial standing and business operations. The company’s subsidiaries are also subject to similar legal scrutiny as highlighted in the consolidated audit reports.

For the quarter ended March 31, 2026, the company reported a consolidated net loss of 9.34 Lakhs, showing an improvement compared to the net loss of 80.85 Lakhs in the previous quarter (QoQ) and the net loss of 266.19 Lakhs in the corresponding quarter of the last year (YoY).

The consolidated financial statements indicate significant accumulated losses and negative net worth for both the holding company and the group as of March 31, 2026. The auditors have issued a qualified opinion, citing the sub-judice nature of various recovery proceedings and attachment orders initiated by authorities, including the Directorate of Enforcement and under the MPID Act. The management remains focused on implementing business plans to revive operations across the holding company and its subsidiaries.