About Kasargod Power Corporation Limited
Data last updated:
Kasargod Power Corporation Limited is a public limited company based in Kasargod, Kerala, India, a subsidiary of Manira Energy Private Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 01 September 1994.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U40102KL1994PLC008127. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹26 Cr and a paid-up capital of ₹12.67 Cr. It is led by directors including Mallikarjuna Setty Nethi (Irp/Rp/Liquidator) and Appalaraju.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 332 Bare Vilagemylatti Post Mylatti Post, Kasargod, Kerala, India – 671123.
As per MCA filings, the company has open charges of ₹10.06 Cr and satisfied charges of ₹52.91 Cr on record. Court records list 28 cases involving the company, including 7 filed by the company and 21 filed against it; 11 cases are pending.
The last known website on record is kvkenergy.com.
Company details
Contact details
Kasargod Power Corporation Limited's registered office is in Kasargod, Kerala. Its website is kvkenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address332 Bare Vilagemylatti Post Mylatti Post, Kasargod, Kerala, India – 671123
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of Kasargod Power Corporation Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Kasargod Power Corporation Limited
FY 2023 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Kasargod Power Corporation Limited, buy the company report.
Board of directors of Kasargod Power Corporation Limited
Kasargod Power Corporation has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Appalaraju | Additional Director | 20 Mar 2019 | 7 Years 7 Months | As last reported |
| Mallikarjuna Setty Nethi Also directs: Utsaha Biz-Advisors LLP, Sankalp Restructuring Private Limited | Irp/Rp/Liquidator | 10 Feb 2024 | 2 Years 8 Months | As last reported |
| Sudhakar Kocherla Also directs: Digi Screenz India LLP, Andhra Fuels Private Limited, KVK Infra Private Limited and 3 more | Additional Director | 20 Mar 2019 | 7 Years 7 Months | As last reported |
| Thotakuri Jyothi Also directs: Maruti Finance Pvt Ltd | Additional Director | 20 Mar 2019 | 7 Years 7 Months | As last reported |
Auditor
Kasargod Power Corporation Limited is audited by KALI & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KALI & Co | FY 2023 | 001667S |
Shareholding
The shareholding of Kasargod Power Corporation Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
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To see the full shareholding pattern of Kasargod Power Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jun 2014 | 10513718 | Uco Bank | ₹4.31 Cr | Open | |
| 01 Feb 2011 | 10265742 | Uco Bank | ₹5.75 Cr | Open | |
| 09 Jan 2015 | 10547117 | Uco Bank | ₹91 Lakh | Satisfied | |
| 10 Mar 2001 | 90018161 | Uco Bank | ₹5 Cr | Satisfied | |
| 20 Nov 2000 | 90018019 | State Bank of India | ₹47 Cr | Satisfied |
To see the full charge records of Kasargod Power Corporation Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Kasargod Power Corporation Limited has 28 court cases on record: 7 filed by Kasargod Power Corporation, 21 filed against it. 11 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 12 | 12 | 9 |
| District courts | 9 | 5 | 1 |
| High courts | 4 | 3 | 1 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by MMS Steel and Power Private Limited | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by MMS Steel and Power Private Limited | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by MMS Steel and Power Private Limited | Disposed |
| High Court of Kerala | Appeal | Filed against the company by MMS Steel & Power Private Limited | Disposed |
| NCLT, Kochi | Insolvency matter | Filed by the company against M.M.S.Steel & Power Private Limited | Disposed |
To see the full case history of Kasargod Power Corporation Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kasargod Power Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Kasargod Power Corporation has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Kasargod Power Corporation Limited, buy the company report.
Recent activity
Kasargod Power Corporation Limited has 12 board changes on record since 2009: 4 appointments and 8 cessations. The latest: Mallikarjuna Setty Nethi was appointed as Irp/Rp/Liquidator on 10 Feb 2024.
15 earlier events are in the company report.
Frequently asked questions
Kasargod Power Corporation is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Kasargod Power Corporation is a company under insolvency, formerly operating as a public limited company based in Kasargod, Kerala, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 01 September 1994 and is registered under CIN U40102KL1994PLC008127. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Kasargod Power Corporation has 4 current directors:
- Appalaraju - Additional Director
- Sudhakar Kocherla - Additional Director
- Thotakuri Jyothi - Additional Director
- Mallikarjuna Setty Nethi - Irp/Rp/Liquidator
The latest financial statements of Kasargod Power Corporation on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Kasargod Power Corporation is U40102KL1994PLC008127. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kasargod Power Corporation has open charges of ₹10.06 Cr and satisfied charges of ₹52.91 Cr as per latest MCA filings.
Kasargod Power Corporation has 28 court cases on record: 7 filed by the company and 21 filed against it. 11 are pending. Most are in the nclat.
Kasargod Power Corporation was incorporated on 01 September 1994. It is registered with the Registrar of Companies, Ernakulam.
Mallikarjuna Setty Nethi was appointed as Irp/Rp/Liquidator on 10 Feb 2024. Kalidindi Prashanthi ceased to be Director on 25 Mar 2019. Masthan Suryanarayana Raju Alluri ceased to be Director on 25 Mar 2019. Kasargod Power Corporation has 12 board changes on record in total.
Kasargod Power Corporation can be reached through the website kvkenergy.com. Its registered office is in Kasargod, Kerala, India.
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