Mukand Limited has informed the Exchange regarding 'Outcome of Board Meeting'.

Revenue declinedProfit growth above 25%Results restatedRelated-party transactionsResults View source PDF Explain this filing

MUKANDLTD · price

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Price reactionminutes from the announcement price · days from the prior close

-1.0%Reaction day

₹133.15

prior close

₹134.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.5%+0.4% vs market

Iron & Steel Products peers, median of 91sector-1.4%+0.4% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.4 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 91Pending

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AI summary

Mukand Limited's board approved unaudited standalone and consolidated financial results for Q3 and 9M FY26 ended December 31, 2025. Standalone revenue from operations grew ~6.3% YoY to ₹1,300.18 Cr in Q3, but 9M revenue declined ~6.5% to ₹3,546.71 Cr. Standalone PAT from continuing operations for 9M jumped ~78% to ₹81.78 Cr (from ₹45.98 Cr restated), though Q3 PAT dipped slightly to ₹21.35 Cr. Consolidated 9M revenue fell ~4.3% to ₹3,620.74 Cr and consolidated 9M PAT declined ~24% to ₹49.17 Cr. The board also approved the re-appointment of Niraj Bajaj as Chairman & MD (3 years from July 5, 2026) and Nirav Bajaj as Whole-Time Director (3 years from May 16, 2026). Prior period figures have been restated following the NCLT-approved demerger of MSMPL's Stainless Steel Cold Finished Bars and Wires business into Mukand Ltd effective April 1, 2024.

Likely market impact

Q3 results are mixed — strong 9M standalone PAT growth on a restated basis, but consolidated 9M earnings declined. The proposed slump sale of the Industrial Machinery Division to wholly-owned subsidiary MHEL and a ₹673 Cr land parcel sale (₹110 Cr advance received) signal ongoing restructuring. Director re-appointments ensure leadership continuity.