Mamata Machinery Limited has received a confirmation from its promoters and persons acting in concert (PAC) stating that no encumbrances were placed on the shares held by them during the financial year ended March 31, 2026. The disclosure, filed on April 07, 2026, confirms that the 15,367,570 equity shares collectively held by the promoter and promoter group remain free of any direct or indirect charges. This compliance filing was made to the National Stock Exchange of India Limited and BSE Limited under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The confirmation was provided by Mahendra N. Patel, a promoter of the company, on behalf of the entire promoter and promoter group along with PACs. The declaration asserts that throughout FY26, no shares were pledged or otherwise encumbered by the identified entities. The filing includes a detailed annexure listing 34 entities classified as either promoters or members of the promoter group.

Promoter and Promoter Group Details

The disclosure lists the following key individuals and entities within the promoter and promoter group structure:

The list further extends to include additional family members and various entities such as Mamata Impact Services, Shree Maruti Travels, and Mamata Energy Private Limited, all classified under the promoter group. The comprehensive list ensures transparency regarding the ownership structure that holds the stated equity shares.

Mamata Machinery Limited reported a 63% year-on-year decline in its consolidated net profit for the financial year ended March 31, 2026, falling to ₹1,505 million from ₹4,074 million in the previous year. Revenue from operations for FY26 stood at ₹23,300 million, down 8% compared to the prior year, primarily due to a nearly 50% absolute decline in its US business. The company faced significant headwinds including US tariff disruptions, geopolitical uncertainty in West Asia, and a sharp rise in polymer prices that delayed customer capital expenditure decisions.

Q4 FY26 Financial Performance

The fourth quarter of FY26 saw a sharper contraction in profitability, with net profit falling to ₹1 million from ₹271.17 million in the same period last year. Revenue for the quarter stood at ₹7,375 million, a 34% decrease year-on-year. The performance was impacted by one-time provisioning of ₹3.05 crore in Employee Benefit Expenses related to new labour code amendments and elevated exhibition expenses of ₹10.2 crore. EBITDA for the quarter dropped 98% to ₹71 million, reflecting margin compression driven by a lower export mix and adverse product mix.

The key financial metrics for the period are summarised below:

Operational Highlights and Outlook

Despite the financial challenges, the company secured a significant multi-machine order for VFFS packaging machines from a leading Indian snacks brand and received its first packaging machine order from South Africa. Mamata Machinery made its maiden appearance at Interpack 2026 in Düsseldorf and launched RecTech, an advanced recyclable mono-material film, at Plastindia 2026.

Chief Executive Officer Apurva Kane stated that FY26 was a year of consolidation, with the decline in revenue entirely attributable to the US business. The company expects FY27 to mark a return to the growth track, with profitability normalising as the top line recovers and one-off costs subside. Management remains focused on recouping lost ground in the US market and pursuing growth in domestic converting and packaging businesses through new geographies and strategic initiatives.