Mukand Limited has informed the Exchange regarding Appointment of Mr Nirav Bajaj as Executive Director of the company w.e.f. May 16, 2026.
MUKANDLTD · price
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Mukand Limited's board, at its meeting on February 12, 2026, approved the unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025. On a standalone basis, Q3 total income rose to Rs. 1,309.67 Crore from Rs. 1,225 Crore a year earlier, with profit after tax (continuing operations) at Rs. 21.35 Crore vs Rs. 16.31 Crore; nine-month PAT improved to Rs. 81.78 Crore from Rs. 45.98 Crore. The board also approved the re-appointment of Niraj Bajaj as Chairman and Managing Director for 3 years from July 5, 2026, and the re-appointment of Nirav Bajaj as Whole-Time Director for 3 years from May 16, 2026, both subject to shareholder approval. Additionally, the company has signed an agreement to sell about 17.77 acres of land in Thane for around Rs. 673 Crore (advance of Rs. 110 Crore received), and is in the process of a slump sale of its Industrial Machinery Division (EOT Cranes business) to wholly owned subsidiary Mukand Heavy Engineering Limited.
Continuity at the top with re-appointments of both Niraj Bajaj and Nirav Bajaj signals stability in leadership for shareholders. Strong year-on-year improvement in nine-month standalone PAT and the potential Rs. 673 Crore land monetisation could be positive for the stock, though execution risks on the slump sale and land sale approvals remain.