Marine Electricals (India) Limited has confirmed that no new encumbrances were created on its shares during the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India on April 8, 2026, was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This declaration ensures transparency regarding any pledges or charges on the promoter group's holdings.

The filing was submitted by the promoters and persons acting in concert on behalf of the company. The declaration explicitly states that no other encumbrance on shares of Marine Electricals (India) Limited has been made directly or indirectly, other than those already disclosed to the stock exchanges during the financial year ending March 31, 2026. The document was signed by Deep Shah, Company Secretary & Compliance Officer.

The disclosures were submitted by key promoter group members, including Venkatesh Uchil and Vinay K Uchil. The declarations were signed on April 7, 2026, in Mumbai, affirming the accuracy of the information provided regarding the shareholding status.

The following table details the entities and individuals on whose behalf the declarations were submitted:

The company requested the exchange to place the disclosure on record. The filing is a routine annual compliance requirement mandated by the market regulator to monitor substantial acquisitions and takeovers.

Marine Electricals (India) Limited reported a net profit of ₹586 million for the financial year ended March 31, 2026, marking a 54% increase from ₹381 million in the previous year. Revenue from operations for the year rose 14% to ₹8,769 million compared to ₹7,671 million in FY25. The company's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026.

Financial Performance Overview

For the quarter ended March 31, 2026, the company reported a net profit of ₹186 million, up 37% from ₹135 million in the corresponding quarter of the previous year. Revenue for Q4FY26 stood at ₹2,775 million, compared to ₹2,507 million in Q4FY25. EBITDA for the quarter grew 34% year-on-year to ₹350 million, with margins expanding to 12%. Earnings per share (EPS) for the year increased to ₹4.22 from ₹2.81 in the prior year.

The following table summarizes the key financial metrics for the consolidated financial results:

Key Developments and Order Book

The order book of the company stands at ₹12,540 million as on March 31, 2026, which would be executed in the next 12-36 months. This represents a significant increase compared to ₹5,253 million as on March 31, 2025. The company attributed the growth to robust inflows across both its Marine and Industrial verticals.

Management Commentary

Vinay Uchil, Chairman & Executive Director, stated that the company delivered a robust operational and financial performance, closing the financial year on a high note. He highlighted the 14% top-line growth and the 35% growth in full-year EBITDA, noting that the focus on operational efficiencies had unlocked significant profitability. Uchil also pointed out the structural hyper-growth witnessed in the data centre sector, alongside established presence in EV charging and energy management.