Mallcom (India) Limited promoters have confirmed that they did not encumber any shares held by them or persons acting in concert during the financial year ended March 31, 2026. The declaration, submitted to the stock exchanges on April 7, 2026, was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The confirmation was provided by Ajay Kumar Mall on behalf of the promoters and promoter group. The disclosure ensures that the shares held by the promoter group remain free from any charges or liabilities during the specified period.

Promoter and Promoter Group Details

The filing included a list of all individuals and entities comprising the promoter group. The list comprises 29 members, including key individuals and various private limited companies associated with the group.

The document was addressed to the Department of Corporate Services at BSE Limited and the National Stock Exchange of India Ltd. Copies were also marked to the Company Secretary and the Audit Committee of Mallcom (India) Limited.

Mallcom (India) Ltd. reported its audited financial results for the financial year ended March 31, 2026, revealing a rise in annual revenue alongside a decline in net profit. The Board of Directors approved the results at a meeting held on May 28, 2026. The company also recommended a final dividend of ₹3 per equity share for the financial year 2025-26, subject to shareholder approval.

FY26 Financial Performance

The company recorded operational income of ₹5,396 Mn for the year ended March 31, 2026, compared to ₹4,868 Mn in the previous year. Despite the top-line growth, net profit for the year fell to ₹300 Mn from ₹574 Mn in FY25. Profit before tax stood at ₹406 Mn, down from ₹741 Mn in the corresponding period last year. The decline in profitability was attributed to higher raw material costs, lower sale value realization, and increased employee costs. Additionally, profits for the current year were not comparable to the previous year due to a capital gain of ₹254 Mn from the sale of land in FY25.

For the quarter ended March 31, 2026, operational income was ₹1,467 Mn, while net profit for the quarter was ₹63 Mn. The statutory auditors, M/s. Agarwal Maheswari & Co., issued an unqualified audit report on the standalone and consolidated financial results.

Operational and Segment Details

The company reported that its entire turnover consists of the sale of "Industrial Safety Products," which constitutes a single reportable segment under Ind AS 108. Geographically, total sales for FY26 were divided between Asia (47%), Europe (33%), and the Americas (18%). The company noted that the Protec work wear unit at Sanand, Gujarat, has started commercial production with a total capex of ₹1,050 Mn. Furthermore, a new unit for designing and manufacturing Industrial Safety Shoes at Chandipur, West Bengal, involving capex of ₹250 Mn, is now fully operational.

Dividend and Appointments

The Board has recommended a final dividend of ₹3 per equity share of face value ₹10 each, equivalent to 30%, for FY26. Additionally, the Board re-appointed M/s. Jha Yadav & Co., Chartered Accountants, as the Internal Auditors of the company for the financial year 2026-27.

Management Commentary on FY26 Results

In a Q4 FY26 earnings conference call held on May 29, 2026, management stated that the domestic business expanded by approximately 20% year-on-year, while exports faced headwinds due to prohibitive tariffs in the U.S. and bleak demand in the EU. Both new manufacturing units at Sanand and Chandipur are fully commissioned and operational. The company also commenced in-house manufacturing of PU Coated Gloves and PVC Gumboots to serve as import substitutes. Management noted that moderation in EBITDA margins was driven by higher raw material costs, lower sales realization, and increased employee expenses. Looking ahead, the company expects domestic market growth to continue and aims to achieve normalized EBITDA margins of 14-15% as capacities ramp up.