Credo Brands Marketing Limited has informed the Exchange regarding re-appointment of Mr. Kamal Khushlani (DIN: 00638929) as the Chairman and Managing Director of the Company for a period of five years on expiry of his present term of office, i.e., with effect from March 08, 2027
MUFTI · price
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On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 2.6 pts more than its Speciality Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Credo Brands Marketing Limited (MUFTI) held its Board meeting on May 21, 2026, approving audited standalone financial results for FY2026. The company reported revenue from operations of ₹5,921.03 million, down from ₹6,181.80 million in FY2025. Net profit after tax stood at ₹474.24 million compared to ₹684.09 million in the previous year, representing a decline. The Board recommended a dividend of ₹2.00 per equity share (face value ₹2 each) for FY2025-26, subject to shareholder approval at the AGM. Additionally, the Board approved the re-appointment of Mr. Kamal Khushlani as Chairman and Managing Director for a fresh term of five years (March 8, 2027 to March 7, 2032), effective upon expiry of his current term. Mr. Khushlani is the Promoter of the company and has led the Mufti brand since its launch in 1998. An exceptional item of ₹13.97 million was recognized due to changes in labour codes affecting gratuity calculations.
The re-appointment of the founding promoter and CMD ensures continuity in leadership, which is positive for long-term strategy. However, the decline in revenue and profit highlights pressure on margins, and investors may focus on the dividend payout and any guidance on revenue recovery.