Board Meeting Details
The Board of Directors meeting commenced at 11:00 AM and concluded at 1:45 PM on August 14, 2026.
Key Matters Approved
1. Financial Results: Reviewed, considered, and approved the Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, along with the Limited Review Report from the statutory auditors. The results are available on the company's website (www.meeraind.com) and will be published in newspapers as per Regulation 47.
2. Auditor Transition: Noted that the term of the current statutory auditors, M/s K A Sanghavi & Co LLP, is expiring at the ensuing AGM. M/s M R Bombaywala & co will be the new auditors for the next quarter, as appointed in the previous board meeting on June 26, 2026, subject to member approval at the AGM.
3. Internal Audit Report: Considered and approved the Internal Audit Report for the quarter ended June 30, 2026.
4. Board Report: Considered and approved the Board of Directors Report along with all annexures for the year ended March 31, 2026.
5. 20th AGM Notice: Approved the draft notice for convening the 20th Annual General Meeting (AGM) on Tuesday, September 29, 2026, at 11:00 A.M. through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).
6. Record Date: The Register of Members and Share Transfer Books will remain closed from Tuesday, September 22, 2026, to Tuesday, September 29, 2026 (both days inclusive) for the AGM. The cut-off date for remote e-voting and e-voting during the AGM is Monday, September 21, 2026.
7. Scrutinizer Appointment: Appointed M/s Chirag Shah & Associates, Practising Company Secretaries, Ahmedabad, to scrutinize the remote e-voting process and e-voting during the AGM.
8. Director Re-appointment: Recommended the re-appointment of Mrs. Mayank Desai (DIN: 00354210), who retires by rotation and is eligible, subject to member approval.
9. Compliance Note: Taken on note various compliances made during the quarter ended June 30, 2026.
Standalone Financial Results (Q1 FY27)
(All figures in ₹ Lakhs, unless stated otherwise)
- Revenue from Operations: ₹1,234.59 (Q1 FY26: ₹948.15; Q4 FY26: ₹881.15; FY26: ₹3,675.32)
- Other Income: ₹19.86 (Q1 FY26: ₹17.02; Q4 FY26: ₹33.55; FY26: ₹88.29)
- Total Income: ₹1,254.45 (Q1 FY26: ₹965.17; Q4 FY26: ₹914.69; FY26: ₹3,763.61)
- Total Expenses: ₹1,158.82 (Q1 FY26: ₹892.48; Q4 FY26: ₹997.13; FY26: ₹3,676.55)
- Profit Before Tax (PBT): ₹95.63 (Q1 FY26: ₹84.73; Q4 FY26: Loss of ₹82.44; FY26: ₹99.11)
- Tax Expense: ₹24.29 (Current: ₹13.24, Deferred: ₹11.05)
- Profit After Tax (PAT): ₹71.34 (Q1 FY26: ₹64.78; Q4 FY26: Loss of ₹64.01; FY26: ₹84.58)
- Earnings Per Share (EPS): Basic & Diluted: ₹0.33 (not annualized) (Q1 FY26: ₹0.30; Q4 FY26: -₹0.30; FY26: ₹0.40)
- Paid-up Equity Share Capital: ₹1,067.88 Lakhs (Face Value: ₹5/- each)
Standalone Segment Results (Q1 FY27)
- Machine Division Revenue: ₹861.40 Lakhs
- Plastic Division Revenue: ₹373.20 Lakhs
- Machine Division Result: ₹76.03 Lakhs Profit
- Plastic Division Result: ₹16.09 Lakhs Profit
Consolidated Financial Results (Q1 FY27)
(Includes subsidiary Meera Industries USA LLC)
- Revenue from Operations: ₹1,234.59 (Q1 FY26: ₹1,052.19; Q4 FY26: ₹882.41; FY26: ₹3,783.21)
- Profit After Tax (PAT): ₹69.93 (Q1 FY26: ₹80.60; Q4 FY26: Loss of ₹64.27; FY26: ₹98.42)
- Earnings Per Share (EPS): Basic & Diluted: ₹0.33 (not annualized) (Q1 FY26: ₹0.38; Q4 FY26: -₹0.30; FY26: ₹0.46)
- Subsidiary Impact (Meera Industries USA LLC): Contributed a net loss of ₹1.40 Lakhs for the quarter, with total assets of ₹60.76 Lakhs and nil revenue.
Consolidated Segment Results (Q1 FY27)
- Machine Division Revenue: ₹861.40 Lakhs
- Plastic Division Revenue: ₹373.20 Lakhs
- Machine Division Result: ₹76.03 Lakhs Profit
- Plastic Division Result: ₹16.09 Lakhs Profit