Macpower CNC Machines Limited has informed the Exchange regarding Outcome of Board Meeting held on August 06, 2025.
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Macpower CNC Machines' board, at its meeting on August 6, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations rose to Rs. 6,102.65 lakhs from Rs. 5,021.57 lakhs in Q1 FY25, a growth of about 21.5%. Profit for the quarter stood at Rs. 455.57 lakhs versus Rs. 201.67 lakhs in the same quarter last year. The board also approved the reappointment of Mr. Rupesh J. Mehta as Managing Director and Mr. Nikesh J. Mehta as Whole Time Director, both for five years effective October 1, 2025, subject to shareholder approval. Additionally, the notice for the 22nd AGM and the Board's Report for FY25 were approved, and a scrutinizer was appointed for the AGM voting process.
Strong year-on-year revenue and profit growth in Q1 signals improving business momentum, which is positive for shareholders. The reappointment of both promoter directors provides leadership continuity, though it reinforces promoter control of the board.