Key Quantitative Figures

Standalone Financial Results (Quarter ended 30th June 2026):

  • Revenue from Operations: ₹489.40 lakh
  • Other Income: ₹15.20 lakh
  • Total Income: ₹504.60 lakh
  • Profit Before Tax: ₹40.70 lakh
  • Tax Expense: ₹15.50 lakh
  • Profit After Tax: ₹25.20 lakh
  • Basic & Diluted EPS: ₹2.13
  • Paid-up Equity Share Capital: ₹11.80 lakh (Face Value ₹1 each)

Consolidated Financial Results (Quarter ended 30th June 2026):

  • Revenue from Operations: ₹519.60 lakh
  • Other Income: ₹15.20 lakh
  • Total Income: ₹534.80 lakh
  • Profit Before Tax: ₹39.50 lakh
  • Tax Expense: ₹15.50 lakh
  • Profit After Tax: ₹24.00 lakh
  • Basic & Diluted EPS: ₹2.03
  • Paid-up Equity Share Capital: ₹11.80 lakh
  • Subsidiaries contributed total revenues of ₹302.55 lakh and net loss of ₹24 lakh

Comparative Figures (Standalone):

  • Previous Quarter (Q4 FY26): PAT ₹274.10 lakh, EPS ₹24.62
  • Year-ended March 2026: PAT ₹304.20 lakh, EPS ₹27.33

Dates of Action

  • Board Meeting Date: 30th July 2026 (12:00 Noon to 02:30 PM)
  • Jai Prakash Agarwal Re-appointment Effective: 1st April 2027
  • Vishal Jain Re-appointment Effective: 4th October 2026
  • AGM Date: 18th September 2026
  • Record Date for Dividend & AGM: 11th September 2026
  • Register of Members Closure: 12th September 2026 to 18th September 2026 (both days inclusive)

Parties Involved

  • Statutory Auditors: M/s. Shah Gupta & Co., Chartered Accountants
  • Subsidiaries: MHE Rentals India Private Limited, Josts Engineering Inc
  • Board Members: Mr. Jai Prakash Agarwal (DIN:00242232), Mr. Vishal Jain (DIN:00709250)

Exceptional Items Disclosure

For year ended March 31, 2026:

  • ₹261 lakh provision for defined benefit obligations due to implementation of Labour Codes
  • ₹3402 lakh gain on sale of investment in subsidiary (standalone)
  • ₹3777 lakh gain on sale of investment in subsidiary (consolidated)
  • ₹100 lakh brand assignment income

The Labour Code implementation (Social Security Code, Occupational Safety Code, Industrial Relations Code, Code on Wages) resulted in immediate recognition of past service cost requiring ₹261 lakh provision.

Management Re-appointment Details

Mr. Jai Prakash Agarwal (Executive Chairman):

  • DIN: 00242232
  • Term: Five years from 1st April 2027
  • Profile: Extensive experience in management, finance, legal, secretarial, and manufacturing
  • Not related to any other director
  • Not debarred from directorship

Mr. Vishal Jain (Managing Director & CEO):

  • DIN: 00709250
  • Term: Five years from 4th October 2026
  • Qualifications: Bachelor of Engineering, Master of Business Administration
  • Experience: 24 years in supply chain management, financial advisory, wealth management
  • Related to: Mrs. Shikha Jain (DIN: 06778623), Non-Executive Director (wife)
  • Not debarred from directorship

Auditor Review

  • Limited Review conducted by Shah Gupta & Co. (Firm Reg. No.: 109574W)
  • Review performed under SRE 2410
  • No material misstatement found in financial results
  • Subsidiaries reviewed by other auditors

Segment Information

The company operates in a single segment: Trading of engineering products. Consolidated segment reporting shows:

  • Material Handling: Assets ₹251.30 lakh
  • Engineered Products: Assets ₹787.40 lakh
  • MHE Rentals: Assets ₹170.60 lakh
  • Un-allocated: Assets ₹2,284.80 lakh

Notes

  • Figures for quarter ended March 31, 2026 are derived from audited annual figures
  • Previous period figures regrouped for consistency
  • JECL Engineering Limited ceased to be subsidiary from 24th March 2026, presented as discontinued operations