Mahendra Realtors & Infrastructure Limited reported a 19.4% rise in net profit for the financial year ended March 31, 2026, reaching ₹1,774.61 lakh, driven by higher income and efficient cost management. Revenue from operations increased 8.9% to ₹13,586.31 lakh from ₹12,477.18 lakh in the previous year. The board approved the audited financial results for the half year and full year ended March 31, 2026, in its meeting held on May 28, 2026.

For the half year ended March 31, 2026, the company recorded a profit of ₹1,522.30 lakh, a significant increase from ₹919.01 lakh in the corresponding period of the previous year. Revenue for the half year stood at ₹9,564.66 lakh. Total expenditure for the full year rose to ₹11,762.60 lakh from ₹10,821.32 lakh in FY25. Earnings per share (EPS) for the year was ₹8.03, compared to ₹8.55 in the previous year.

The board approved the re-appointment of statutory auditors and internal auditors for the financial year 2026-27. Mr. Vipul M. Somaiya was re-appointed as Internal Auditor, and Ms. Sindhu Nair was re-appointed as Secretarial Auditor. Additionally, Mr. Sushil Kumar Agarwal was appointed as Cost Auditor for FY 2026-27.

Financial Results for FY26

The company's balance sheet reflects a strengthening financial position with total assets growing to ₹18,265.56 lakh as of March 31, 2026, from ₹13,841.30 lakh in the previous year. Shareholders' equity increased to ₹12,403.82 lakh, bolstered by the successful completion of its Initial Public Offering (IPO) in August 2025. Cash and cash equivalents surged to ₹1,171.67 lakh from ₹231.78 lakh.

Joint Venture and IPO Utilization

The board noted a Joint Venture Agreement with M/s Ravi Enterprises for the 'Renovation and Improvement of Ram Ganesh Gadkari Rangayatan' project for the Thane Municipal Corporation. While no investment was made in the joint venture till date, the board approved making the necessary investment during FY 2026-27. The project size is ₹25,83,70,614.

Regarding the IPO proceeds totaling ₹40,17,44,000, the company utilized ₹3,040.00 lakh for working capital requirements and ₹500.31 lakh for general corporate purposes. IPO expenses incurred were ₹477.13 lakh, which was adjusted against the unutilized proceeds allocated for general corporate purposes. The statutory auditors, Mehta Chokshi & Shah LLP, issued an unmodified opinion on the financial results.

Mahendra Realtors & Infrastructure Limited has announced that its Board of Directors, at its meeting held on Friday, May 15, 2026, considered and approved the formulation of the Employee Stock Option Plan 2026 (MRIL ESOP 2026), in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The plan is subject to the approval of shareholders at an Extra-Ordinary General Meeting (EGM) scheduled for Thursday, June 11, 2026, at 03:00 P.M. IST at the company's registered office in Mumbai. The Board also approved the notice for this meeting and appointed M/s. Sanjay Dholakia & Associates, Practicing Company Secretary, as Scrutinizer to oversee the remote e-voting process. The Board Meeting concluded at 04:00 P.M.

EGM Schedule and Voting Details

The company has established specific timelines for the EGM and the remote e-voting process. Shareholders whose names appear in the Register of Members as of the cut-off date will be eligible to participate in e-voting.

Key Features of MRIL ESOP 2026

The MRIL ESOP 2026 aims to attract and retain employees by offering share-based compensation. The plan covers eligible employees of the company and its subsidiary companies. The Nomination and Remuneration Committee will act as the Compensation Committee to administer the scheme, deciding the number of options to be granted to each eligible employee. The following table outlines the key parameters of the plan:

The exercise price will be determined by the Compensation Committee and will not be less than the face value of the equity shares (Rs. 10/-) and not more than the market price of the equity shares at the time of grant. Options will vest in line with the achievement of key organizational performance metrics, as determined by the Compensation Committee. In the event of resignation, termination, superannuation, death, or permanent disability, options will be exercised in accordance with the plan. Options that lapse due to non-exercise or employee resignation may be available for re-grant within the overall limit of 3,00,000 options.