Board Meeting Details

The Board of Directors meeting was held on October 15, 2026, commencing at 4:00 PM and concluding at 6:30 PM. The board approved and adopted the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.

Financial Results Summary (Standalone)

Quarterly Performance (₹ in Lakhs)

  • Revenue from Operations: Q2 FY27: 36,039.97 vs Q1 FY27: 31,621.65 vs Q2 FY26: 31,710.30
  • Total Income: Q2 FY27: 36,105.66 vs Q1 FY27: 31,685.45 vs Q2 FY26: 31,851.92
  • Profit Before Tax: Q2 FY27: 1,770.00 vs Q1 FY27: 1,237.17 vs Q2 FY26: 1,031.52
  • Net Profit After Tax: Q2 FY27: 1,382.94 vs Q1 FY27: 1,175.55 vs Q2 FY26: 1,052.99
  • EPS (Basic): Q2 FY27: ₹0.47 vs Q1 FY27: ₹0.40 vs Q2 FY26: ₹0.36

Half-Yearly Performance (₹ in Lakhs)

  • Revenue from Operations: H1 FY27: 67,661.62 vs H1 FY26: 59,284.22
  • Total Income: H1 FY27: 67,791.10 vs H1 FY26: 59,792.51
  • Profit Before Tax: H1 FY27: 3,007.16 vs H1 FY26: 2,014.87
  • Net Profit After Tax: H1 FY27: 2,558.48 vs H1 FY26: 2,063.51
  • EPS (Basic): H1 FY27: ₹0.87 vs H1 FY26: ₹0.70

Annual Comparison (₹ in Lakhs)

  • Revenue from Operations: FY26: 1,20,798.06
  • Total Income: FY26: 1,21,498.55
  • Net Profit After Tax: FY26: 5,004.70
  • EPS (Basic): FY26: ₹1.69

Key Financial Ratios (Standalone)

  • Current Ratio: 1.50 times (Sep 2026) vs 1.54 times (Jun 2026)
  • Debt to Equity Ratio: 0.29 times (Sep 2026) vs 0.29 times (Jun 2026)
  • Operating Margin: 10.16% (Q2 FY27) vs 8.63% (Q1 FY27)
  • Net Profit Margin: 3.84% (Q2 FY27) vs 3.72% (Q1 FY27)

Consolidated Financial Highlights

  • Revenue from Operations: Q2 FY27: 36,039.97 vs Q1 FY27: 31,621.65
  • Net Profit After Tax: Q2 FY27: 1,381.59 vs Q1 FY27: 1,202.32
  • EPS (Basic): Q2 FY27: ₹0.47 vs Q1 FY27: ₹0.40

NCD Issuance Details

The company issued ₹100 crore in rated, listed, senior, secured, redeemable non-convertible debentures (NCDs) in two tranches:

Tranche I (ISIN: INEOJYY07018)

  • Date of Allotment: March 17, 2026
  • Amount: ₹50 crore (50,000 NCDs of ₹10,000 each)
  • Security: Mortgage over company assets, hypothecation over MSPL's PPE, pledge of promoter equity shares
  • Rating: 'ACUITE A+' with Stable Outlook

Tranche II (ISIN: INEOJYY07026)

  • Date of Allotment: April 28, 2026
  • Amount: ₹50 crore (5,000 NCDs of ₹1,00,000 each)
  • Security: Mortgage over Mr. Chanakya Prakash Mangal's assets, pledge of Mr. Vipin Prakash Mangal's equity shares
  • Rating: 'ACUITE A+' with Stable Outlook

Security Cover Certificates

Security cover certificates were provided for both NCD tranches as of September 30, 2026:

  • Tranche I Security Cover Ratio: 1.81 times (Book Value)
  • Tranche II Security Cover Ratio: 2.34 times (Book Value)
  • No reduction in security cover compared to previous quarter

Corporate Actions & Updates

Stock Split

  • The company sub-divided its equity shares from face value of ₹10 to Re. 1 each
  • Effective date: July 10, 2026
  • New ISIN: INEOJYY01029
  • All EPS figures have been restated/adjusted accordingly

Amalgamation Scheme

  • Board approved scheme for amalgamation of Mangalam Saarloh Private Limited (MSPL) with the company
  • Share exchange ratio: 245 company shares for every 100 MSPL shares
  • NSE returned the application for in-principle approval on September 17, 2026

Preferential Issue

  • Proposed issuance of 44,00,000 convertible warrants at ₹125.40 per warrant
  • NSE returned the application for in-principle approval on September 17, 2026

New Subsidiary

  • MWL Europe BV incorporated in Belgium on October 1, 2026
  • Share capital: EUR 2,50,000
  • Not yet commenced business operations

Investor Complaints

  • No complaints pending at beginning of quarter (July 1, 2026)
  • No complaints received during the quarter
  • No complaints disposed during the quarter
  • No complaints unresolved at end of quarter (September 30, 2026)