Mukand Limited has informed the Exchange regarding Board meeting held on February 12, 2026.
MUKANDLTD · price
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Mukand Limited's Board, at its February 12, 2026 meeting, approved unaudited financial results for Q3 and nine months ended December 31, 2025. On a consolidated basis, Q3 revenue rose to Rs. 1,331.41 Crore from Rs. 1,262.27 Crore a year ago, but profit after tax slipped to Rs. 10.26 Crore from Rs. 14.93 Crore. For nine months, consolidated revenue was Rs. 3,620.74 Crore and PAT Rs. 49.17 Crore, down from Rs. 64.53 Crore in the prior year period. Standalone Q3 PAT improved to Rs. 21.35 Crore from Rs. 16.31 Crore. The Board also approved the re-appointment of Niraj Bajaj as Chairman & Managing Director for 3 years from July 5, 2026, and Nirav Bajaj as Whole-Time Director for 3 years from May 16, 2026, subject to shareholder approval.
Mixed signals for shareholders – topline growth in Q3 is offset by a decline in profits both for the quarter and nine-month period, while a major land sale (Rs. 673 Crore) and ongoing business restructuring (slump sale of crane business, demerger completion) could support future cash flows. Continuity at the top with re-appointments of both Bajaj directors provides leadership stability.