The Board of Directors of Kriti Industries (India) Limited met on February 5, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. During this meeting, the board also recorded the lapse and cancellation of 6,369,000 convertible warrants due to non-payment of the balance 75% subscription amount by the deadline of January 26, 2026. As a result, the company forfeited the initial 25% upfront payment, totaling ₹25.24 Crores, in accordance with SEBI (ICDR) Regulations. Additionally, the company has provided for a ₹77.01 Lakh impact following the management’s assessment of the new unified Labour Codes made effective from November 2025.

Kriti Industries (India) Limited, established in 1982 and headquartered in Indore, is a prominent manufacturer of polymer pipes and fittings under the “Kasta” brand. The company operates through four key verticals: Agriculture, Building Products, Micro-irrigation, and Infrastructure. Recent 2025-26 updates include a strategic merger proposal with its wholly-owned subsidiary, Kriti Auto & Engineering Plastics Pvt. Ltd., to streamline operations. The company is also expanding its market reach by broadening its dealer network, which currently exceeds 400 partners across 16 states, and is focusing on the growing demand for FTTx and gas pipelines.

For the most recent quarterly results announced in 2025 (Q2 FY26), the company reported revenue from operations of ₹86.63 Crores. This was a decrease from the ₹118.42 Crores reported in the corresponding quarter of the previous year (Q2 FY25). The company reported a net loss of ₹0.97 Crores for Q2 FY26, compared to a net loss of ₹0.36 Crores in Q2 FY25. Prominent promoters of the company include Mr. Shiv Singh Mehta and Sakam Trading Private Limited, which holds a significant 57.83% stake as of September 2025.