Kingfa Science & Technology (India) Limited (KINGFA) — Board Meeting | 14 August 2026(2 announcements)

Kingfa Science & Technology (India) announced Q1 FY2026 unaudited results showing revenue of [amount not verified], recommended a final dividend of ₹20 per share subject to AGM approval on September 21, 2026, and appointed new leadership including Wang Dazhong as Chairman & MD and Xie Dongming as CFO, while accepting resignations of Bo Jingen as Chairman & MD and Chen Xiaoqiong as CFO effective August 14, 2026.

Kingfa Science & Technology (India) Limited disclosed its Monitoring Agency Report for the quarter ended June 30, 2026, confirming Rs.500 crore utilization of preferential issue proceeds with no deviations from offer document objectives. The report details fund deployment across Phase 2 factory construction, R&D building, plant machinery, land acquisition, and general corporate purposes, showing Rs.7.93 crore spent in Q1FY27 against Rs.155.78 crore proposed. All statutory approvals remain pending as required, and unutilized funds of Rs.336.29 crore are parked in fixed deposits with ICICI Bank earning 5.10%-6.05% returns. The Board confirmed no material changes to utilization plans or timelines.