The Board approved appointment of Mr. Vimal Mishra (DIN:11632889) as an Additional Director (Non-Executive and Non- Independent Director) effective today i.e. May 22, 2026
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Multibase India reported FY2026 audited results showing revenue of Rs. 6,657.04 lakhs (down 6% from Rs. 7,074.87 lakhs) and profit after tax of Rs. 1,042.75 lakhs (down 29% from Rs. 1,465.49 lakhs). EPS dropped to Rs. 8.26 from Rs. 11.61 in the prior year. The auditors issued an unmodified opinion on the financial statements. Separately, the Board appointed Mr. Vimal Mishra as Additional Director (Non-Executive, Non-Independent) effective May 22, 2026, subject to shareholder approval. Mr. Mishra currently leads DuPont's MOLYKOTE, Vespel, and MULTIBASE businesses in South Asia with 26+ years of industry experience.
The appointment brings an experienced industry veteran from DuPont onto the board, which could strengthen strategic direction given Multibase's relationship with DuPont. The profit decline may create near-term pressure on the stock, though strong cash reserves of Rs. 6,212.25 lakhs provide a comfortable buffer.