- Business
- Kanel Industries Limited Kanel Industries Limited (BSE:500236) operates as a public listed company in India primarily engaged in the trading of agricultural commodities including cotton seeds, groundnut seeds, castor seeds, and vegetable oils; it previously focused on the manufacture and export of edible oils such as refined castor oil, pharma-grade castor oil, and castor meal through its castor division. The company maintains an export-oriented integrated castor seed processing complex and distributes castor seeds alongside other oil-related products. Incorporated on January 29, 1992, and headquartered at 1503, Westport, Sindhubhavan Road, Ahmedabad, Gujarat, India, Kanel Industries Limited serves domestic and international markets in the basic materials sector, specifically agricultural inputs and food products. Recent operational changes include a corporate insolvency resolution process concluded under the National Company Law Tribunal order dated December 3, 2021, leading to new director appointments in 2024 such as Keyoor Madhusudan Bakshi as Executive Director and CFO, Harshit Maulinbhai Kachchhi, and Kamini Keyoor Bakshi; a reduction of share capital with a revised record date of November 19, 2024; a change in registrar and transfer agent from Accurate Securities & Registry Pvt. Ltd. to Purva Sharegistry Pvt. Ltd.; submission of unaudited financial results showing minimal revenue of INR 0.283 million and net losses for quarters ended June and September 2024 and 2025; and a trading window closure ahead of the board meeting scheduled for November 7, 2025. The company reports negligible revenue and ongoing losses with one full-time employee, reflecting a shift to limited trading activities post-insolvency.