Mukand Limited has informed the Exchange regarding Appointment of Mr Niraj Bajaj as Chairman & Managing Director of the company w.e.f. July 05, 2026.
MUKANDLTD · price
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Mukand Limited's board, at its February 12, 2026 meeting, approved unaudited standalone and consolidated financial results for Q3 FY26 and nine months ended December 31, 2025. Standalone revenue from operations stood at Rs. 1,300.18 crore for the quarter, with profit after tax at Rs. 17.21 crore. Consolidated revenue was Rs. 1,331.41 crore with PAT of Rs. 10.26 crore. The board also approved the re-appointment of Niraj Bajaj as Chairman & Managing Director for three years effective July 5, 2026, and Nirav Bajaj as Whole-Time Director for three years effective May 16, 2026, both subject to shareholder approval. Both are relatives of each other and are existing directors of the company. The filing also disclosed ongoing transactions including a Rs. 673 crore land sale agreement (with Rs. 110 crore advance received) and the transfer of the Industrial Machinery Division to wholly owned subsidiary MHEL.
Continued leadership at the top with the Bajaj family staying at the helm signals stability and no governance disruption. Q3 standalone PAT of Rs. 17.21 crore was sharply lower than the previous quarter's Rs. 24.96 crore, which may draw investor attention, though the nine-month picture remains broadly stable. The land sale and machinery division restructuring could provide future cash inflows and sharper focus on the core specialty steel business.