Shri Krishana Overseas Plc Holds Successful First AGM, Unveils Major Growth Plans

NAIROBI, Kenya – Shri Krishana Overseas (SKL) Plc has reaffirmed its long-term growth ambitions after shareholders approved all resolutions during the company's first Annual General Meeting (AGM) since listing on the Nairobi Securities Exchange (NSE) SME Market Segment.

The AGM, held virtually on Tuesday, marked a significant milestone in the company's corporate journey, bringing together shareholders, the Board of Directors, senior management, external auditors, the Company Secretary and the Share Registrar to review the company's performance and chart its future direction.

Chairman Suresh Patel described the successful AGM as a defining moment for the company, saying it reflects shareholders' confidence in SKL's strategic vision.

"Our successful first AGM marks an important milestone in SKL's journey as a publicly listed company. The Board remains committed to maintaining the highest standards of corporate governance while supporting management in delivering sustainable long-term growth and creating value for all shareholders," Patel said.

Strong Financial Performance Despite Challenges

During the meeting, shareholders received a detailed review of the company's financial performance for the year ended December 31, 2025.

SKL reported a 13.5 per cent increase in revenue to KES 351 million, while profit after tax stood at KES 23 million. The company attributed the lower profitability to rising raw material costs, changes in taxation and slower cash conversion cycles, but emphasized that prudent financial management had enabled it to continue executing its long-term expansion strategy.

Managing Director Dr. Sonvir Singh said the company remains optimistic despite the challenging business environment.

"While we faced headwinds arising from slower cash conversion cycles and higher operating costs, our strategic investments position us strongly for long-term growth. We remain committed to delivering sustainable value to our shareholders," he said.

Kisaju Manufacturing Plant Nears Completion

A major highlight of the AGM was an update on the company's new manufacturing facility in Kisaju, Kajiado County, which management said is in its final stages of installation and commissioning.

The company has invested KES 131.9 million in the project, financed largely through a KES 117.9 million development loan.

Once operational and after receiving all regulatory approvals, the facility is expected to increase SKL's annual production capacity from 3,000 tonnes to 22,000 tonnes.

The expanded capacity will enable the company to meet increasing demand across several industries, including floriculture, horticulture, fast-moving consumer goods (FMCG), pharmaceuticals, dairy, edible oils, herbs, confectionery and other manufacturing sectors.

Expansion to Drive Regional Growth

Finance Director Nirmala Devi said the company has continued investing in modern information systems, operational efficiencies and human capital to prepare for the next phase of growth.

During an interactive question-and-answer session, shareholders sought clarification on the Kisaju project, market expansion plans and the company's long-term strategy.

Management assured investors that the new plant remains on schedule and will significantly improve operational efficiency, reduce production costs and strengthen profitability once operational.

The Board also confirmed that SKL is expanding its distribution network, strengthening customer relationships and introducing new products while pursuing opportunities in both domestic and regional markets.

Vision for the Next Decade

Looking ahead, SKL outlined an ambitious vision of becoming one of the region's leading manufacturers over the next ten years through increased production capacity, product diversification, market expansion and sustainable business growth.

The company acknowledged that rising fuel prices continue to affect manufacturing costs but said it is implementing efficiency measures to cushion the impact.

Since listing on the NSE in July 2025, SKL says it has strengthened its corporate governance framework, improved shareholder engagement and continued pursuing sustainable growth opportunities aimed at delivering long-term shareholder value.

The Board concluded the AGM by thanking shareholders for their continued confidence and expressing appreciation to customers, employees, regulators, suppliers, financial institutions and business partners for supporting the company's growth journey.