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