A meeting of the Board of Directors of Mahan Industries Limited was held on Monday, 17th August, 2026, from 6:30 PM to 7:00 PM. The meeting was conducted pursuant to Regulation 30 (Schedule III Part A (4)) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Board considered and approved the following matters:
1. Unaudited Financial Results for Q1 FY2027: The Board approved the unaudited financial results along with the Limited Review Report for the quarter ended June 30, 2026.
2. Director Resignation: The Board took note of the resignation of Mr. Yash Kamleshkumar Shah (DIN: 10565098) from the position of Non-Executive (Independent) Director, effective August 8, 2026. The requisite disclosure regarding this resignation was already submitted to the Stock Exchange on August 8, 2026.
Financial Results Highlights (₹ in Lakhs, Except Per Share Data)
Quarter Ended June 30, 2026 (Unaudited) vs. Comparative Periods:
- Revenue from Operations: ₹266.31 (vs. ₹65.05 in Q1 2025 and ₹235.50 in Q4 2026)
- Interest Income: ₹57.76
- Sale of Shares and stock in trade: ₹208.54
- Sale Services: Not applicable (denoted by Ξ)
- Other Income: ₹303.59 (vs. ₹0.19 in Q1 2025 and ₹0.10 in Q4 2026)
- Total Income: ₹569.89 (vs. ₹65.25 in Q1 2025 and ₹235.60 in Q4 2026)
- Total Expenses: ₹356.57 (vs. ₹57.14 in Q1 2025 and ₹214.50 in Q4 2026)
- Finance cost: ₹3.28
- Impairment on financial assets: (₹0.96) [reversal]
- Employee benefit expenses: ₹8.11
- Depreciation and amortisation expense: ₹0.10
- Purchase of Shares and stock in trade: ₹178.41
- Changes in inventories: ₹27.74
- Other expenses: ₹139.88
- Profit before tax: ₹213.32 (vs. ₹8.11 in Q1 2025 and ₹21.10 in Q4 2026)
- Tax Expense: ₹41.11 (Current Tax)
- Profit for the period: ₹172.22 (vs. ₹8.11 in Q1 2025 and ₹21.10 in Q4 2026)
- Other Comprehensive Income (net of tax): ₹66.76
- Total Comprehensive Income for the period: ₹238.98
- Paid-up equity share capital: ₹450.00 (Face value ₹10 each)
- Earnings Per Share (Basic and Diluted): ₹3.83 (vs. ₹0.18 in Q1 2025 and ₹0.47 in Q4 2026)
Limited Review Report
Statutory Auditors SDPM & Co. (FRN: 124193W) conducted a limited review of the unaudited quarterly standalone financial results. Partner Sunil Dad (M.No. 120702) issued an unmodified review report dated August 17, 2026, stating that based on their review, nothing has come to their attention that causes them to believe the statement contains any material misstatement. The review was performed in accordance with Standard on Review Engagement (SRE) 2410.
Notes to the Financial Results
1. The Audit Committee reviewed and the Board of Directors approved the results on August 17, 2026.
2. The results are prepared in accordance with Indian Accounting Standards (Ind AS).
3. The figures for the quarter ended March 31, 2026, are a balancing figure between the audited annual figures and the unaudited year-to-date figures up to the third quarter of FY2026.
4. Previous periods' figures have been regrouped/rearranged for consistency.
The document was signed by Nishil Shah (Director, DIN:09165405) and Niranjankumar Jain (Director and CFO, DIN:00282842).