Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended 30th June 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations

Audit Opinion:

Clean / Unmodified. The statutory auditors, Saini Pati Shah & Co LLP, issued an unmodified limited review report for both standalone and consolidated results.

Auditor’s Comment:

For the consolidated results, the auditors included an 'Emphasis of Matter' regarding subsidiary Eltech Engineers Madras Private Limited. The subsidiary has accumulated losses, its net worth is fully eroded, and its current liabilities exceed current assets, indicating a material uncertainty about its ability to continue as a going concern. The conclusion is not modified as the parent company has committed to provide all financial support.

Key Financial Highlights [Unit: ₹ Lakhs]

Standalone Results:

Quarter ended 30.06.2026 (Unaudited) vs 30.06.2025 (Unaudited):

  • Revenue from Operations: ₹23,412.88 vs ₹14,707.57 (Increase)
  • Total Income: ₹23,857.41 vs ₹15,205.70 (Increase)
  • Net Profit: ₹1,672.95 vs ₹1,088.68 (Increase)
  • EPS (Basic, not annualised): ₹1.20 vs ₹0.79 (Increase)

Quarter ended 30.06.2026 (Unaudited) vs 31.03.2026 (Audited):

  • Revenue from Operations: ₹23,412.88 vs ₹26,452.95 (Decrease)
  • Total Income: ₹23,857.41 vs ₹24,883.93 (Decrease)
  • Net Profit: ₹1,672.95 vs ₹1,538.29 (Increase)
  • EPS (Basic, not annualised): ₹1.20 vs ₹1.11 (Increase)

Other Equity: Not specified for current quarter; was ₹42,795.07 as of 31.03.2026

Cash and Cash Equivalents: Not Disclosed

Debt: Not Disclosed

Consolidated Results:

Quarter ended 30.06.2026 (Unaudited) vs 30.06.2025 (Unaudited):

  • Revenue from Operations: ₹25,916.28 vs ₹16,697.81 (Increase)
  • Total Income: ₹26,346.17 vs ₹17,216.61 (Increase)
  • Net Profit: ₹1,751.13 vs ₹1,159.70 (Increase)
  • Net Profit Attributable to Owners: ₹1,728.79 vs ₹1,161.25 (Increase)
  • EPS (Basic, not annualised): ₹1.24 vs ₹0.84 (Increase)

Quarter ended 30.06.2026 (Unaudited) vs 31.03.2026 (Audited):

  • Revenue from Operations: ₹25,916.28 vs ₹27,748.17 (Decrease)
  • Total Income: ₹26,346.17 vs ₹28,096.08 (Decrease)
  • Net Profit: ₹1,751.13 vs ₹1,857.37 (Decrease)
  • Net Profit Attributable to Owners: ₹1,728.79 vs ₹1,882.00 (Decrease)
  • EPS (Basic, not annualised): ₹1.24 vs ₹1.33 (Decrease)

Other Equity: Not specified for current quarter; was ₹45,153.86 as of 31.03.2026

Cash and Cash Equivalents: Not Disclosed

Debt: Not Disclosed

Segment-wise Performance [Unit: ₹ Lakhs]

Standalone:

Segment Revenue for Q1 FY27 (Unaudited):

  • Marine: ₹7,776.68
  • Industry: ₹15,636.20

Segment Results (Profit before tax, exceptional items, and interest) for Q1 FY27 (Unaudited):

  • Marine: ₹771.58
  • Industry: ₹1,409.66

Consolidated:

Segment Revenue for Q1 FY27 (Unaudited):

  • Marine: ₹10,280.08
  • Industry: ₹15,636.20

Segment Results (Profit before tax, exceptional items, and interest) for Q1 FY27 (Unaudited):

  • Marine: ₹926.44
  • Industry: ₹1,409.66

Corporate Actions:

  • Dividend: Recommended a Final Dividend of ₹0.30 per equity share (15% of face value of ₹2 each) for the Financial Year ended 31st March 2026, subject to shareholder approval at the 19th AGM.
  • Record Date: Fixed Friday, 11th September 2026 as the record date for the final dividend.
  • No other corporate actions such as buyback, bonus, or split were declared.

Other Significant Information:

  • Change in Object of Funds: Approved a change in the object of utilization of funds amounting to ₹149.22 crore raised via a preferential allotment of shares, subject to shareholder approval.
  • Direct Listing: Approved the direct listing of equity shares on the Main Board of BSE Limited, subject to regulatory approvals.
  • Corporate Restructuring:
  • Narhari Engineering Works (a partnership firm where the company held a 99% profit share) was reconstituted into a private limited company named MEL Heavy Industries Private Limited w.e.f. 22 May 2026. The company continues to hold the same shareholding.
  • The company sold 70% of its stake (7,000 equity shares of ₹10 face value) in its wholly-owned subsidiary MEL Shipyard Pvt Ltd to the promoters for ₹0.70 lakhs. Its shareholding is now 30%, making it an associate company w.e.f. 9 June 2026.
  • Arbitration Settlement: Paid a balance interest amount of ₹474.50 lakhs pursuant to a final arbitration award dated 1 August 2024. No liability remains outstanding.
  • Subsidiary Status: The consolidated results include the following entities:
  • Subsidiaries: Eltech Engineers Madras Pvt Ltd, MEL Heavy Industries Pvt Ltd, Evigo Charge Pvt Ltd, MEL Shipyard Pvt Ltd (until 8 June 2026), Marks Marine Radio Pvt Ltd, MEL Power Systems Pte Ltd (Singapore).
  • Associate: MEL Shipyard Pvt Ltd (w.e.f. 9 June 2026), Premalata Foundation, MEL Power Systems FZC (UAE), STISRL (Italy), Xanatos Marine Ltd (Canada).