Mafatlal Industries Limited announced that Mr. M. B. Raghunath retired from the position of Chief Executive Officer (CEO) with effect from May 31, 2026. The company disclosed this development in a filing submitted to BSE Limited on June 1, 2026, under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Following the retirement, the company stated that there is no change in the existing list of authorized Key Managerial Personnel (KMP) responsible for determining the materiality of events and making necessary disclosures to the stock exchanges. The authorization remains in place pursuant to the SEBI Listing Regulations and the company's internal policy for materiality determination.

The designated personnel authorized for disclosures include Mr. P. H. Mafatlal, Managing Director & Chief Executive Officer; Mr. Amish Shah, Company Secretary; and Mrs. Smita Jhanwar, Chief Financial Officer. The company clarified that the only adjustment to the authorized list was the replacement of the outgoing CEO.

Authorized Key Managerial Personnel

Mafatlal Industries Limited announced its audited standalone and consolidated financial results for the financial year ended March 31, 2026, following a Board meeting held on May 5, 2026. The company has also complied with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by publishing the extract of these results in the newspaper on May 6, 2026. On a standalone basis, the company reported a net profit of Rs 91.07 crore for the fiscal year, compared to Rs 98.14 crore in the previous year. Total income rose significantly to Rs 3,902.15 crore from Rs 2,845.30 crore in the prior year, driven by revenue from operations of Rs 3,870.44 crore. For the quarter ended March 31, 2026, standalone net profit stood at Rs 17.88 crore, with total income at Rs 892.25 crore. The statutory auditors, Price Waterhouse Chartered Accountants LLP, issued an unmodified opinion on both the standalone and consolidated audited financial results.

Standalone Financial Performance

The company's standalone results reflect a notable expansion in revenue, even as net profit moderated year-on-year. Profit before exceptional items and tax for the year stood at Rs 99.57 crore, while profit before tax was Rs 96.70 crore after accounting for exceptional items of Rs 2.87 crore related to an estimated incremental gratuity liability under the New Labour Codes, which became effective from November 21, 2025. Total expenses for the year were Rs 3,802.58 crore. The following table summarises key standalone financial metrics:

Segment-wise Performance

Mafatlal Industries operates across three business segments: Textile and related products, Digital infrastructure, and Consumer durables and others. The Consumer durables and others segment was the largest revenue contributor for FY26, while Textile and related products posted the highest segment results. The table below presents standalone segment revenue and results for the full year:

Consolidated Financial Results

On a consolidated basis, which includes subsidiaries Mafatlal Services Limited, Pieflowtech Solutions Private Limited, and Mafatlal Apparel Exports Private Limited, the company reported a net profit of Rs 89.07 crore for FY26, compared to Rs 97.93 crore in the prior year. Consolidated total income was Rs 3,902.74 crore, with revenue from operations at Rs 3,871.07 crore. Profit before exceptional items and tax on a consolidated basis stood at Rs 97.57 crore, while profit before tax was Rs 94.70 crore. Basic earnings per share on a consolidated basis were Rs 12.49 and diluted EPS was Rs 12.46.

Balance Sheet and Cash Flow Highlights

The standalone balance sheet as at March 31, 2026 reflects total assets of Rs 1,749.99 crore, up from Rs 1,390.21 crore a year earlier. Total equity stood at Rs 772.95 crore. Cash and cash equivalents at the end of the year increased to Rs 123.73 crore from Rs 51.17 crore, supported by net cash inflow from operating activities of Rs 140.89 crore. On a consolidated basis, total assets were Rs 1,750.15 crore, with cash and cash equivalents at Rs 123.94 crore and net cash inflow from operating activities of Rs 140.64 crore.

Dividend and Annual General Meeting

The Board of Directors has recommended a final dividend of Rs 1.25 per equity share, representing 62.50% of the face value of Rs 2 each, for FY26, subject to shareholder approval at the forthcoming 112th Annual General Meeting. The 112th AGM has been scheduled for Friday, August 7, 2026, to be held through Video Conferencing/Other Audio-Visual Means. The Board has fixed Friday, July 31, 2026, as the record date to determine the eligibility of members entitled to receive the dividend.

Leadership Changes and Appointments

In a significant leadership transition, Mr. M. B. Raghunath will retire as Chief Executive Officer on May 31, 2026, upon attaining the age of 60, after more than three decades of service with the company. He will continue to contribute to the company in the areas of Strategy & Projects post-retirement. Consequently, the Board has appointed Mr. Priyavrata H. Mafatlal as the new CEO, in addition to his existing role as Managing Director, for a term of three consecutive years commencing June 1, 2026 to May 31, 2029, subject to shareholder approval at the 112th AGM. Mr. Priyavrata H. Mafatlal, aged 39, holds a Master of Commerce from Mumbai University and has over 18 years of experience across textiles, information technology, chemicals, and other businesses. He is the son of Mr. Hrishikesh A. Mafatlal, Executive Chairman of the company. Furthermore, Mr. Hrishikesh A. Mafatlal has been re-appointed as an Executive Director for a term of two consecutive years commencing November 1, 2026 to October 31, 2028, subject to shareholder approval. The Board also appointed M/s. B. Desai & Co. as the Cost Auditor for the financial year 2026-27.