BSEOthers20 Aug 2026 · 20 Aug 2026, 07:00 pm
KSH International Limited submitted to the Exchange, Annual Report for the FY 2025-26.
KSH International Ltd · 544664
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KSH International Ltd has submitted its annual report for FY 2025-26, which is available on its website and has been dispatched to shareholders via email.
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Earnings Impact5/10
Growth Catalyst3/10
Governance Concern1/10
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Full Announcement
KSH International Ltd - 544664 - Reg. 34 (1) Annual Report.
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August 20, 2026
The Manager, The Manager,
BSE Limited, National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra-Kurla Complex,
Dalal Street, Bandra (E),
Mumbai - 400 001 Mumbai - 400 051
BSE Scrip Code: 544664 NSE Symbol: KSHINTL
Sub.: Annual Report for the financial year 2025-26.
Ref.: 1. Regulation 34(1) read with Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“Listing Regulations”); and
2. Intimation regarding commencement of dispatch of Notice of 47th Annual General
Meeting and Annual Report of the Company for FY 2025-26 dated August 20, 2026
(“Intimation of AGM”).
Dear Sir/Madam,
In connection with our above referred Listing Regulations and Intimation of AGM, we are pleased to inform
that the Annual Report of the Company for FY 2025-26 is hosted on the website of the Company at
https://kshinternational.com/investor-relations/annual-reports/ and a copy thereof is enclosed for wider
dissemination by the bourses.
Further, we hereby inform that, the Company has commenced dispatch of the Annual Report for the financial
year 2025-26 by electronic means to all its Members, who have registered their e-mail address with the
Registrar and Transfer Agent of the Company / Depository Participants, and whose names appeared in the
Register of Members / Beneficial Owners as of the close of business hours on Friday, August 14, 2026.
A letter containing the web-link, including the exact path for accessing the Annual Report, is being
dispatched to those Members who have not registered their email addresses as mentioned above.
Kindly take the same on record.
Thanking you,
For KSH International Limited
Nakul Shivaji Patil
Company Secretary and Compliance Officer,
Head - Secretarial & Legal
Membership No.: A39990
Encl.: As above.
AnnuRaelp ort
2025-26
INTERNATIONAL
POWERING
GLOBAELN ER&G Y
MOBILITY
INFRASTRUCTUR
ACROSS INDIA’S LARGEST EXPORTER AND
THE PAGES THE LEADING MANUFACTURER OF
SPECIALISED MAGNET
Investor Information
What’s Inside
Market Capitalisation WINDING WIRES
: `29,683.77 Million
(as of March 31, 2026)
1-40 Corporate Overview
1 Key Highlights CIN : L28129PN1979PLC141032
2 Theme Introduction BSE Code : 544664 Manufacturing Deep Customer Global Export
4 Chairman’s Message NSE Symbol : KSHINTL Base Relationships Reach
AGM Date : September 15, 2026
8 Managing Director’s Message 4 120+ 24
Venue : Rivaz, Ground Floor,
12 About KSH
Courtyard by Marriott
14 Our Customers & Global Reach Operational Facilities Blue Chip OEM, Domestic & Countries
Pune Chakan, Plot P-7,
16 Product Portfolio MIDC, Chakan Industrial Global Customers
18 End User Industries Area Phase-1, Talegaon
Chakan Road, Khalumbre,
Manufacturing Excellence and 59,045 97% ~27%
20 Pune - 410501,
Geographic Footprint MTPA
Maharashtra, India
22 Our Journey Total Capacity Targeted by March Revenue from Repeat Business Revenue from Exports
2027; Capacity as of March 31,
24 Financial Performance Disclaimer:
This document contains statements about expected future events and 2026, Stood at 43,445 MTPA
26 Industry & Market Context
financials of KSH International Limited (‘the Company’), which are ‘forward
28 Our Strategic Priorities looking’. By their nature, forward-looking statements require the Company
to make assumptions and are subject to inherent risks and uncertainties.
30 ESG There is a significant risk that the assumptions, predictions, and other
forward-looking statements may not prove to be accurate. Readers are
36 Risks, Opportunities & Mitigation cautioned not to place undue reliance on forward-looking statements
as several factors could cause assumptions, actual future results and
38 Awards & Certifications Power Renewables Industrials Railways Data Centres Automotive
events to differ materially from those expressed in the forward-looking
(EV & ICE)
40 Corporate Information statements. Accordingly, this document is subject to the disclaimer and
qualified in its entirety by the assumptions, qualifications and risk factors
referred to in the Management Discussion and Analysis section of this
Annual Report.
41-173 Statutory Reports Key Clients
Industrial Home Refrigeration
41 Management Discussion & Analysis
Motors Appliances & AC
59 Business Responsibility &
Sustainability Report
HVDC Advantage
108 Board’s Report
140 Corporate Governance Report
Only approved Indian supplier of HVDC transformers
174-237 Audited Financial Statements
175 Independent Auditor’s Report
186 Financial Statements
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Relations page
KSH International Limited Annual Report 2025-26 Corporate Overview SR FS
Theme Introduction
POWERING GLOBAL ENERGY &
MOBILITY INFRASTRUCTURE
Electrical machines
are powered by
precision-engineered
winding wires,
enabling
electrification
across all industries
For KSH International, 2025-26 was a Powering Global Energy & Mobility
year of strengthening this foundation. Infrastructure reflects this journey. It
From advancing India’s capabilities in captures KSH’s engineering excellence,
large power and HVDC transformers specialised manufacturing capabilities
to investing in next-generation EV and purposeful growth, in service of
traction motor technologies, expanding a future where energy moves more
solar-powered operations and serving efficiently, mobility becomes more
customers across four continents, the electric, and infrastructure becomes
Company reinforced its role as a trusted more connected.
enabler of global electrification.
KSH International Limited Annual Report 2025-26 Corporate Overview SR FS
Chairman’s Message Electric vehicles are placing load on grids never designed
to carry them. Artificial intelligence data centres,
FROM ONE FOUNDING
which require uninterrupted, high-quality power, at a
significant scale, are being built at a pace few could have
IDEA TO A PUBLIC ENTERPRISE anticipated even three years ago. Urban infrastructure,
industrial growth, and the electrification of railways and
mass transit are layering further structural demand
on top.
India sits at the centre of this transformation. The
Four Decades of Discipline. One Defining
country’s power generation capacity has grown
Year.
substantially, yet transmission infrastructure has
not kept pace. India’s commitment to 500 gigawatts The milestones of 2025-26 are the cumulative
of renewable energy by 2030 is one of the most outcome of decisions made long before they seemed
ambitious in the world. Its execution is creating a necessary. Some of these include the decision to
sustained, urgent requirement for transmission build specialised winding wire capabilities when the
infrastructure, grid modernisation, and high-voltage domestic market was still nascent, the decision to
equipment. India’s HVDC programme, metro rail scale Continuously Transposed Conductors and earn
expansion, electric mobility, and industrial capex cycle qualifications that very few competitors have matched
are all drawing simultaneously on the same pool of globally, and the patient investment in high-quality
electrical equipment. systems across Taloja, Chakan, and now Supa.
For KSH, this is not just a tailwind. It is the operating In an ultra-precision business, quality cannot be
environment the Company was built for, patiently, over inspected at the end. It must be built into every
45 years. process, shift, and wire. That discipline has cemented
long-standing customer relationships spanning
decades, with repeat customers contributing over
97% of revenue and an export presence across
24 countries.
The wires we manufacture
2025-26 delivered five milestones that together define
are often invisible inside the
the Company’s direction.
machines that power the
Our IPO and public listing brought access to
world. But they are never growth capital, a governance upgrade, and a
broader accountability framework.
incidental; they are the
The commissioning of Supa Phase I added 14,400
reason those machines work.
MTPA of capacit
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