Date: August 10, 2026

Board Meeting Outcomes

Meeting No. 3 of Board of Directors was held on August 10, 2026 from 11:45 AM to 1:00 PM through Audio Visual Means. Key decisions:

1. Approved Unaudited Financial Results (Standalone & Consolidated) for Q1 FY27 ended June 30, 2026

2. Approved appointment of M/s. Deepak Khanuja & Associates (Firm Registration No. 100247) as Cost Auditor for FY26-27 and recommended remuneration fixation to shareholders

3. Approved Board's Report, Corporate Governance Report, Management Discussion & Analysis, and Notice for 53rd Annual General Meeting

4. Noted resignation of Mr. Vijay Bapna and Mr. Sunil Khanna as Non-Executive, Independent Directors due to completion of term

5. Appointed Mr. Raj Sethia and Mr. Sanjay Arora as Additional Non-Executive, Independent Directors

KMP / Board Changes

Resignations:

  • Mr. Vijay Bapna - Non-Executive, Independent Director (resigned due to completion of term)
  • Mr. Sunil Khanna - Non-Executive, Independent Director (resigned due to completion of term)

Appointments:

  • Mr. Raj Sethia - Additional Non-Executive, Independent Director (30+ years experience in corporate finance, strategy, business development, HR, high-growth operations, and P&L management. Founder & Managing Partner of MountTech Growth Fund. Qualifications: B.Com (Honours) from St. Xavier's College, Kolkata; CMA from ICMA (USA); MBA from Wake Forest University)
  • Mr. Sanjay Arora - Additional Non-Executive, Independent Director (PhD in Brand Management, Marketing Communication & Consumer Behavior, MBA, modules in Brand Management & Digital Marketing from IIM Bangalore. Founded Shells Advertising Inc. in 1987. 14-time TEDx speaker and keynote speaker)

Financial Results (Standalone)

Quarter Ended June 30, 2026 (₹ in Lakhs):

  • Revenue from Operations: 23,228.62
  • Other Income: 17.90
  • Total Income: 23,246.52
  • Total Expenses: 21,609.12
  • Profit Before Tax: 1,619.50
  • Tax Expenses: 411.52 (Current tax: 351.56, Deferred tax: 59.95)
  • Profit After Tax: 1,207.99
  • Other Comprehensive Income: (2.76)
  • Total Comprehensive Income: 1,205.23
  • Earnings per Share (Basic & Diluted): ₹4.76

Comparative Figures (₹ in Lakhs):

Quarter Ended June 30, 2025:

  • Revenue from Operations: 18,361.61
  • Profit After Tax: (698.79)
  • EPS: (₹2.75)

Quarter Ended March 31, 2026:

  • Revenue from Operations: 24,841.33
  • Profit After Tax: 1,757.62
  • EPS: ₹6.92

Financial Results (Consolidated)

Quarter Ended June 30, 2026 (₹ in Lakhs):

  • Revenue from Operations: 23,259.85
  • Other Income: 17.90
  • Total Income: 23,277.75
  • Total Expenses: 21,821.73
  • Profit Before Exceptional Item and Tax: 1,456.02
  • Share of Profit/(Loss) of Associates: 285.17
  • Profit Before Tax: 1,741.19
  • Tax Expenses: 371.24 (Current tax: 351.56, Deferred tax: 19.68)
  • Profit After Tax: 1,369.95
  • Other Comprehensive Income: 282.25
  • Total Comprehensive Income: 1,652.20
  • Earnings per Share (Basic & Diluted): ₹5.39

Subsidiaries Included:

1. MMP Electricals Private Limited (Wholly Owned Subsidiary)

2. MMP Cables Private Limited (Wholly Owned Subsidiary)

3. MMP Alutech Private Limited (Wholly Owned Subsidiary)

Associates Included:

1. Star Circlips and Engineering Limited (26.06% stake)

2. Toyal MMP India Private Limited (26.00% stake)

Subsidiaries contributed total revenue of ₹49.24 Lakhs and net loss of ₹(119.74) Lakhs. Associates contributed net profit of ₹285.17 Lakhs.

Segment Performance (Consolidated)

Revenue Breakdown (₹ in Lakhs):

  • Aluminium Powder and Paste: 15,380.60
  • Aluminium Foil: 5,048.87
  • Aluminium Conductor: 1,712.04
  • Insulators: 492.24
  • Others: 728.85
  • Other Unallocated: 14.15

Segment Results (₹ in Lakhs):

  • Aluminium Powder and Paste: 1,784.85
  • Aluminium Foil: 365.17
  • Aluminium Conductor: 425.23
  • Insulator: (145.61)
  • Others: 37.76

Standalone Financials:

  • Auditor: Manish N Jain & Co.
  • Opinion: Unmodified review report
  • Conclusion: No material misstatements found in the unaudited standalone financial results

Consolidated Financials:

  • Auditor: Manish N Jain & Co.
  • Opinion: Unmodified review report
  • Note: Financial information of subsidiaries and associates based on unreviewed interim financial results provided by management

Important Notes

1. Figures for previous periods have been regrouped, reclassified, and/or recasted for comparability

2. Financial results prepared in accordance with Indian Accounting Standards (Ind AS)

3. Q1 FY27 results not comparable with Q1 FY26 due to fire incident at factory premises on April 11, 2025 that disrupted operations and affected production capacity

4. Results reviewed by Audit Committee and approved by Board of Directors

5. Financial results available on company website: www.mmpil.com

Cost Auditor Appointment

M/s. Deepak Khanuja & Associates appointed as Cost Auditor for FY26-27. Firm based in Nagpur, Maharashtra with Firm Registration No. 100247, significant experience in cost audits across diverse industries.