The Exchange had sought clarification from Mahindra EPC Irrigation Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed under Schedule III of the Companies Act. -2. 2013 or as per Indian Accounting Standard. The response of the Company is enclosed.
MAHEPC · price
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Awaiting price reaction for this filing.
Mahindra EPC Irrigation responded to NSE's two queries on its Q3 FY26 (quarter ended 31-Dec-2025) results. First, the exchange flagged that the filing was not in machine-readable/legible PDF format; the company has now resubmitted it in proper readable/searchable format with no change in numbers. Second, NSE asked why standalone and consolidated results were identical; the company explained that its joint venture (Mahindra Top Greenhouses Pvt Ltd) had no significant operations, so the figures naturally match. Q3 FY26 revenue from operations stood at Rs 92.47 crore versus Rs 81.45 crore in Q3 FY25, with profit after tax at Rs 6.49 crore (vs Rs 6.35 crore). Nine-month revenue was Rs 205.09 crore and PAT Rs 7.90 crore. A one-time Rs 2 crore exceptional charge was booked for the impact of the new Labour Codes on retiral benefits. Statutory auditors (BSR & Co. LLP) gave an unmodified review conclusion on both standalone and consolidated results.
This is a routine procedural clarification, not a penalty or regulatory action. The strong Q3 sequential jump in revenue and profitability is a positive signal, though the Rs 2 crore Labour Codes charge is a one-time headwind. No material negative for shareholders; figures remain unchanged from earlier submission.