Incorporated in **1978** and headquartered in **Chennai**, Kartik Investments Trust Limited is a public-listed financial entity. The company is categorized under **financial intermediation** (excluding monetary institutions) and operates as a dedicated **investment company**. This functions as the firm's **single primary reporting segment**, with a business model exclusively focused on managing a portfolio of equity investments and maintaining liquidity through bank deposits. The company is listed on the **BSE Limited** and maintains a lean operational profile with no subsidiaries, associates, or joint venture interests. --- ### **Capital Structure and Asset Composition** The company operates with a compact balance sheet and a small-cap equity base. As of the most recent filings, the financial architecture is structured as follows: | Item | Details | | :--- | :--- | | **Authorised Share Capital** | **Rs. 1 crore** | | **Paid-up Share Capital** | **Rs. 24.40 lakhs** (2,44,000 shares of **Rs. 10** each) | | **Net Worth (March 2025)** | **Rs. 419.86 lakhs** (**Rs. 4.2 crore**) | | **Equity Investments** | **Rs. 4.4 crore** (as of July 2025) | | **Cash & Liquidity** | **Rs. 47.00 lakhs** in bank fixed deposits | The company’s **Net Worth** saw a slight contraction from **Rs. 447.17 lakhs** in **March 2024** to **Rs. 419.86 lakhs** in **March 2025**, reflecting a **6.58%** year-on-year decline in total assets, primarily driven by fluctuations in the valuation of non-current investments. --- ### **Strategic Portfolio Realignment and Divestments** Kartik Investments is currently executing a strategy to streamline its holdings, moving away from non-core assets to optimize its investment profile. Key recent actions include: * **Parry Enterprises India Limited (PEIL) Divestment**: In **October 2025**, the company completed the sale of **2,01,600 equity shares** (representing **2.9%** of PEIL’s equity capital) to **Ambadi Investments Limited (AIL)**. The transaction was valued at a total consideration of **Rs. 6,02,19,936**. * **Coromandel Engineering Company Limited**: During **FY 2023-24**, the company executed a share purchase agreement to fully dispose of its investment in this entity. * **Investment Restrictions**: Adhering to a strict "investments only" mandate, the company does not grant loans or provide guarantees under **Section 186** of the Companies Act. --- ### **Murugappa Group Family Settlement and Promoter Reclassification** A significant driver of the company’s current transition is the family settlement dated **August 20, 2023**, between members of the **Murugappa family** and the **Late Shri M.V. Murugappan family**. This has led to a series of reclassifications from the 'Promoter and Promoter Group' category to the 'Public' category under **Regulation 31A** of the **SEBI (LODR) Regulations, 2015**. **Status of Promoter Reclassifications:** | Entity/Individual | Rationale | Status | | :--- | :--- | :--- | | **Valli Arunachalam & Family** | Pursuant to the **August 2023** family settlement and separation of business affairs. | Application filed with **BSE** | | **M V Murugappan HUF** | Segregation from the **Murugappa Family** business interests. | Application filed with **BSE** | | **Yanmar Coromandel Agrisolutions (YCAS)** | **Coromandel International (CIL)** reduced stake in **YCAS** to **10.60%**; **YCAS** holds **0%** shares in the company. | In-process (as of **Sept 2025**) | The Board has noted that for outgoing promoters holding less than **1%** of total voting rights, shareholder approval is not required, facilitating a more efficient transition. --- ### **Financial Performance Summary** The company’s balance sheet is dominated by **Non-Current Investments**, which constitute the bulk of its asset base. | Particulars (Rs. in lakhs) | March 2025 | March 2024 | | :--- | :--- | :--- | | **Non-Current Investments** | **441.59** | **473.91** | | **Other Assets** | **53.27** | **55.80** | | **Total Assets** | **494.86** | **529.71** | | **Other Liabilities** | **75.00** | **82.55** | | **Total Equity & Liabilities** | **494.86** | **529.71** | The company successfully reduced its **Other Liabilities** by **Rs. 7.55 lakhs** during the **2024-25** fiscal year. Notably, no amounts were transferred to general reserves during the **2023-2025** financial cycles. --- ### **Governance, Compliance, and Management** Kartik Investments maintains a high standard of regulatory adherence despite its small size. * **Management Continuity**: **Ms. M. Gayathri** was re-appointed as the **Manager** for a three-year term effective **May 14, 2024**, ensuring operational stability during the promoter transition. * **Regulatory Exemptions**: Because the **Paid-up Equity Share Capital** is below **Rs. 10 crores** and the **Net Worth** is below **Rs. 25 crores**, the company is exempt from mandatory **Corporate Governance Report** filings under **Regulation 15(2)** of **SEBI (LODR) Regulations, 2015**. * **Accounting Standards**: Financial statements are strictly prepared in accordance with **Indian Accounting Standards (Ind-AS)**. * **Related Party Integrity**: The company reported **zero transactions** with related parties, promoters, or Key Managerial Personnel (KMP) during **FY 2024-25** that could pose a conflict of interest. * **Deposit Policy**: The company has not accepted any public deposits under **Section 73** of the Companies Act, 2013.