KD Green Industries, formerly Manbro Industries, has scheduled its 34th Annual General Meeting for September 30, 2026. The company reported a standalone profit after tax of Rs 57.63 lakh for FY26. Key developments include a proposed merger with KD Iron & Steel, a Rs 325 crore capacity expansion, and a long-term government incentive package from the Assam state government.
KD Green Industries Schedules 34th AGM and Expansion Plans
Profit After Tax (PAT): Rs 57.63 Lakh | Proposed Capex: Rs 325 Crore
Reader Takeaway: Integration of industrial operations in Northeast India faces execution risks during merger and expansion phases.
What just happened
KD Green Industries Limited (formerly Manbro Industries) will host its 34th Annual General Meeting on September 30, 2026, via video conferencing. The meeting will address key corporate restructuring, including the merger with KD Iron & Steel Private Limited and various related party transactions. The company also confirmed a management transition with the appointment of Mr. Manoj Kumar Sharma as CFO.
Why this matters
The company is pivoting toward becoming an integrated industrial platform. The proposed merger and a Rs 325 crore capital expenditure program are designed to significantly boost furnace and rolling capacity. Coupled with a 25 MW captive solar plant and a Rs 600 crore incentive package from the Assam government, these moves aim to capture growth in the Northeast Indian infrastructure and steel sectors.
Financial Summary
Total income for FY 2025-26 stood at Rs 171.95 lakh, down from Rs 295.80 lakh in the previous year. While total expenditure dropped significantly to Rs 71.01 lakh, the net profit after tax reached Rs 57.63 lakh compared to Rs 60.76 lakh in FY 2024-25. The company also acknowledged a procedural fine of Rs 2,17,120 paid to the BSE earlier this year.
Strategic Developments
Beyond the merger, the company is diversifying into sustainable construction materials through its subsidiary, Green AAC Block and Mortar Private Limited. Management aims to leverage the new incentive framework to improve margins and scale its subsidiary businesses over the coming fiscal year.
Risks to watch
Investors should monitor the regulatory approval process for the merger, the timely execution of the Rs 325 crore expansion, and the impact of continued related party transactions on overall corporate governance.
What to track next
Watch for the outcome of the AGM regarding shareholder approval for the proposed merger and the status of the capacity expansion project at the next quarterly update.