Appointment of Secretarial Auditor
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Meera Industries' board approved unaudited standalone and consolidated results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations fell modestly to ₹948.15 lakhs from ₹991.17 lakhs a year ago, while standalone profit after tax dropped about 28% to ₹64.78 lakhs (from ₹90.39 lakhs) and EPS slipped to ₹0.61 from ₹0.85. Consolidated revenue rose to ₹1,052.19 lakhs (from ₹991.17 lakhs), aided by subsidiary Meera Industries USA LLC, though consolidated PAT also dipped to ₹80.60 lakhs. On the segment side, the Plastic Division swung to a ₹42.66 lakh loss (from a small profit last year), while the Machine Division's profit improved sharply. The board also appointed M/s Chirag Shah & Associates as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval, and fixed September 11, 2025 for the 19th AGM via video conferencing.
Mixed picture for shareholders: top-line is broadly flat year-on-year, but standalone PAT has contracted notably, and the Plastic Division is now loss-making, which may weigh on near-term sentiment. The secretarial auditor appointment and orderly AGM scheduling are routine governance items with no direct stock-price impact.