Mahindra EPC Irrigation Limited appointed Madhvendra Pratap Singh as an authorised Key Managerial Personnel (KMP) responsible for determining materiality of events and making disclosures to stock exchanges. This appointment aligns with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Singh, who serves as the Company Secretary and Compliance Officer, has been added to the Disclosure Committee. The move ensures compliance with the company's policy for determining materiality of events or information. The updated list of authorised KMPs was submitted to both the National Stock Exchange of India Limited and BSE Limited on October 15, 2026.

Disclosure committee composition

The company disclosed the updated contact details for all Key Managerial Personnel authorised under Regulation 30(5). These individuals are tasked with evaluating the materiality of corporate events and ensuring timely regulatory filings.

Regulatory compliance framework

The intimation was filed pursuant to SEBI LODR Regulations, which mandate specific governance structures for handling material information. By designating multiple senior executives, including the MD, CEO, CFO, and CS, the company distributes the responsibility for assessing materiality across its top leadership.

This structure aims to mitigate single-point dependencies in decision-making regarding market-sensitive information. The disclosure notes that the updated details are also available on the company's official website for public reference.

Mahindra EPC Irrigation Limited reported a sharp recovery in profitability for the second quarter of fiscal 2027, with net profit rising to ₹2.23 crore from ₹0.43 crore in the corresponding period last year.

Revenue from operations grew 46.5% YoY to ₹72.65 crore, driven by strong demand in precision farming products. This top-line expansion helped the company swing from a loss of ₹2.14 crore in Q1FY27 to a net profit in Q2FY27, marking a significant sequential improvement.

Financial Performance Highlights

The company's standalone results for the quarter ended September 30, 2026, show robust growth across key metrics compared to the previous year. The surge in revenue was accompanied by better operating leverage, despite higher costs of materials consumed.

What the Numbers Show

A notable divergence exists between the half-year performance and the quarterly trend. While Q2FY27 was strong, the cumulative profit for H1FY27 stood at just ₹0.09 crore, down significantly from ₹1.41 crore in H1FY26. This indicates that the first quarter's loss of ₹2.14 crore heavily weighed on the half-year totals, masking the strong momentum seen in Q2. Additionally, cost of materials consumed rose sharply to ₹40.12 crore in Q2FY27 from ₹21.57 crore in Q2FY26, growing faster than revenue and compressing gross margins, although other expenses remained relatively stable.

Balance Sheet and Cash Flow

The company's balance sheet reflects improved liquidity and working capital management. Trade receivables decreased to ₹192.21 crore as on September 30, 2026, from ₹216.92 crore as on March 31, 2026, aiding cash flow generation. Net cash generated from operating activities turned positive at ₹5.17 crore for the six months ended September 30, 2026, compared to a negative outflow of ₹10.34 crore in the same period last year.

• Cash Position: Cash and cash equivalents increased to ₹0.53 crore from ₹0.03 crore at the start of the fiscal year.
• Debt: Short-term borrowings reduced slightly to ₹43.15 crore from ₹45.21 crore as on March 31, 2026.
• Investments: Capital expenditure on property, plant, and equipment stood at ₹1.03 crore for the half-year period.