Libas looks beyond ethnic wear, gears up for FY28 IPO
Source: Livemint
05 May 2026
Kotyark Industries Limited has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, filed by Gaurang R Shah HUF, a promoter group entity. The disclosure, submitted on May 05, 2026, pertains to the disposal of equity shares through an open market transaction executed on April 30, 2026.
Transaction Details
Gaurang R Shah HUF, represented by its Karta Gaurang Rameshchandra Shah, sold 1,16,921 equity shares of ₹10.00 each of Kotyark Industries via an open market sale. The transaction resulted in a change of 1.14% in the entity's shareholding. The key details of the transaction are summarised below:
Parameter: Details Date of Transaction: April 30, 2026 Shares Sold: 1,16,921 % of Change: 1.14% Mode of Sale: Open Market Face Value per Share: ₹10.00 Seller: Gaurang R Shah HUF (Promoter Group)
Shareholding Before and After the Transaction
Prior to the disposal, the combined holding of the promoter group stood at 65,62,191 shares, representing 63.84% of the total share and voting capital. Following the sale, the aggregate promoter group holding declined to 64,45,270 shares, equivalent to 62.70% of the total capital. The table below captures the individual holdings of key promoter group members before and after the transaction:
Promoter / PAC: Shares Before % Before Shares After % After Mr. Gaurang Rameshchandra Shah 51,66,135 50.26% 51,66,135 50.26% Mrs. Bhaviniben Gaurang Shah 8,83,887 8.60% 8,83,887 8.60% Mr. Brijkumar Gaurang Shah 97,500 0.95% 97,500 0.95% Mr. Vandan Gaurang Shah 67,500 0.66% 67,500 0.66% Gaurang R Shah HUF 3,47,169 3.38% 2,30,248 2.24% Total (Promoter Group) 65,62,191 63.84% 64,45,270 62.70%
Share Capital of Kotyark Industries
The equity share capital of Kotyark Industries remained unchanged before and after the transaction. The total share capital details are as follows:
Parameter: Details Total Equity Share Capital: ₹10,27,91,160 Total Number of Equity Shares: 1,02,79,116 Face Value per Share: ₹10.00
Persons Acting in Concert
The disclosure identifies the following entities and individuals as Persons Acting in Concert (PACs) with the seller, Gaurang R Shah HUF:
Mr. Gaurang Rameshchandra Shah
Mrs. Bhaviniben Gaurang Shah
Mr. Brijkumar Gaurang Shah
Mr. Vandan Gaurang Shah
Ms. Hemaben Pratikbhai Bakshi
Ms. Ketkiben Ajaykumar Shah
Ms. Dipikaben Ashokkumar Shah
Mr. Depen Ashokkumar Shah
Ms. Rupalben Snehalkumar Patel
Ms. Zalak Jignesh Desai
M/s. Kotyark Agro Private Limited
M/s. Kotyark Bio Specialities Limited
M/s. Semani Industries Limited
M/s. Khadayata Industries Limited
M/s. Kotyark Proteins Private Limited
M/s. Asia Bio Fuels LLP
M/s. Parth Renewable Energy LLP
The disclosure was filed with the National Stock Exchange of India Limited and BSE Limited, as Kotyark Industries shares are listed on both exchanges. The filing was signed by Gaurang Rameshchandra Shah, Karta of Gaurang R Shah HUF, from Vadodara on May 05, 2026.
Kotyark Industries Limited has published its newspaper advertisement for audited standalone and consolidated financial results for Q4FY26 under Regulation 30, demonstrating robust consolidated performance alongside its previously reported standalone results. The biodiesel manufacturer continues to show strong operational efficiency and market positioning across both reporting formats.
Consolidated Financial Performance Highlights
The company's consolidated financial results for FY26 showcase impressive growth momentum. Consolidated revenue from operations reached ₹31,487.01 lakhs compared to ₹28,809.83 lakhs in FY25. Net profit on consolidated basis surged to ₹1,936.40 lakhs from ₹1,453.33 lakhs in the previous financial year, reflecting strong operational performance across the group.
Financial Metric (Consolidated) FY26 FY25 Growth (%) Revenue from Operations ₹31,487.01 lakhs ₹28,809.83 lakhs +9.29% Net Profit ₹1,936.40 lakhs ₹1,453.33 lakhs +33.24% Basic EPS ₹18.26 ₹14.08 +29.69% Diluted EPS ₹18.26 ₹14.08 +29.69%
Quarterly Performance Analysis
The fourth quarter of FY26 demonstrated exceptional consolidated performance with revenue from operations reaching ₹6,365.58 lakhs and net profit of ₹938.05 lakhs. On standalone basis, Q4FY26 revenue was ₹6,372.87 lakhs with net profit of ₹910.73 lakhs, showing consistent performance across reporting formats.
Q4FY26 Performance Consolidated Standalone Revenue from Operations ₹6,365.58 lakhs ₹6,372.87 lakhs Net Profit ₹938.05 lakhs ₹910.73 lakhs Basic EPS ₹9.08 Not specified
Regulatory Compliance and Corporate Actions
The Board of Directors has recommended a final dividend of ₹5.00 per equity share for FY26, representing 50% of the face value of ₹10 per equity share. This dividend proposal reflects the company's strong financial position and commitment to rewarding shareholders. The audited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on April 27, 2026.
Strategic Developments and Market Position
A significant milestone for the company was its successful migration from the SME Platform (EMERGE) of NSE to the main board of both NSE and BSE Limited, effective March 12, 2026. Consequently, the company adopted Indian Accounting Standards (Ind AS) effective April 1, 2025, with the transition date being April 1, 2024, in compliance with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.
Operational Challenges and Legal Matters
The company continues to navigate regulatory challenges related to its Swaroopganj facility in Rajasthan. The Bio-Fuel Authority registration renewal remains pending, and authorities seized four storage tanks containing 6,84,000 litres of raw material (Veg Ester) during July 2025. However, the Rajasthan High Court permitted continuation of operations for supply commitments to Oil Marketing Companies through its order dated August 26, 2025.
Source: None/Company/INE0J0B01017/6c7845e4866c437d.pdf
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Source: Business Standard
