Financial Performance Highlights
Mayur Uniquoters reported strong financial results for FY26 with standalone net profit growth of 43.94% to ₹202.97 crore (₹2,029.70 crore as per alternative reporting) from ₹141.01 crore in FY25. Total income reached ₹996.19 crore (₹9,417.10 crore revenue from operations), representing a 15.85% increase. Export sales contributed ₹3,862.68 crore (41% of total revenue), demonstrating robust global market presence.
Dividend Declaration and Capital Structure
The Board recommended a final dividend of ₹6.00 per share (120%) for FY26, subject to shareholder approval at the AGM. Total dividend payout would be ₹26.07 crore if approved. The company maintains a strong capital structure with authorized share capital of ₹86.00 crore and paid-up capital of ₹21.73 crore. Net debt position improved to a surplus of ₹46,954.97 lakhs with liquid investments of ₹41,497.80 lakhs.
Global Operations and Subsidiaries
The company expanded its global footprint through five subsidiaries: Mayur Uniquoters Corp. (USA) with revenue of ₹176.87 crore, Mayur Uniquoters SA (Pty) Ltd. (South Africa) with revenue of ₹93.34 crore, Futura Textiles Inc. (USA) with revenue of ₹22.85 crore, Mayur Tecfab Private Limited with revenue of ₹11.14 crore, and UAB Futura Textiles Europe with revenue of ₹2.77 crore.
Corporate Governance and Management Changes
Key management changes included the resignation of Mr. Pawan Kumar Kumawat as Company Secretary and Compliance Officer, with Mr. Kapil Arora appointed as his replacement. Mr. Vinod Kumar Haritwal was appointed as Additional Director (Non-Executive Independent) effective August 6, 2026. The Board proposes reappointment of Mr. Arun Bagaria as Whole Time Director for five years from August 2027.
AGM Details and Resolutions
The 33rd Annual General Meeting will be held on September 18, 2026 (initially noted as September 10, 2026 in one document), virtually through Video Conference/Other Audio-Visual Means. Key agenda items include adoption of financial statements, dividend declaration, director reappointments, and ratification of cost auditor remuneration of ₹4 lakh plus GST for Pavan Gupta & Associates for FY27.
Credit Rating and Compliance
The company maintained its CARE AA/Stable credit rating for long-term bank facilities and CARE A1+ for short-term facilities. All regulatory compliance requirements were met, including SEBI Listing Regulations and Companies Act 2013. The company reported no material changes after the financial year end and no significant orders from regulators/courts.
Shareholding and Corporate Actions
Promoter holding remained stable at 58.77% as of March 31, 2026, with Suresh Kumar Poddar holding 40.46% and Manav Poddar holding 15.78%. The company has a history of buybacks, including ₹400 crore in 2024-25, ₹406.25 crore in 2022-23, and ₹300 crore in 2020-21.
Audit and Committee Oversight
Statutory auditors Walker Chandiok & Co LLP were appointed till the 34th AGM in 2027. The Board met 5 times during FY26, with the Audit Committee meeting 6 times. All committees functioned as per regulatory requirements, and the company maintained robust internal controls with accounting software featuring audit trail functionality.