Mahindra Holidays & Resorts India Limited has informed the Exchange about Change in Company Secretary/Compliance Officer
MHRIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mahindra Holidays & Resorts India (MHRIL) reported its Q1 FY26 results alongside a planned change in Company Secretary. Standalone profit after tax rose sharply to Rs 78.23 crore (from Rs 45.20 crore in Q1 FY25), driven by higher revenue from operations of Rs 368.66 crore and total income of Rs 410.82 crore; standalone EPS doubled to Rs 3.78 from Rs 2.24. On a consolidated basis, total income grew to Rs 740.15 crore but PAT slipped marginally to Rs 7.11 crore (from Rs 8.08 crore), with the HCRO (Finland) segment posting a loss before tax of Rs 38.01 crore. Separately, Company Secretary Mr. Dhanraj Mulki will retire on October 31, 2025 on reaching superannuation, and Ms. Mansi Laheri (currently VP-Secretarial at Mahindra & Mahindra Financial Services, with 17+ years of experience) will join as Company Secretary (Designate) on August 1, 2025 and take over the full role from November 1, 2025. The filing also notes HCRO's acquisition of 100% stake in Finnish company KKOSS via a Share Purchase Agreement signed on July 3, 2025.
The strong standalone Q1 performance signals improving core (Club Mahindra) business momentum, though consolidated softness due to HCRO losses remains a watchpoint. The Company Secretary transition is well-planned with a three-month overlap, suggesting minimal governance or compliance disruption for shareholders.