Mayur Floorings Limited returned to profitability in the financial year ended March 31, 2026, posting a net profit of ₹14.69 lakh compared to a net loss of ₹130 lakh in the prior year. The turnaround was supported by a 40% increase in revenue from operations, which rose to ₹884.02 lakh from ₹630.18 lakh in FY25. For the quarter ended March 31, 2026, the company reported a net profit of ₹8.87 lakh on revenue of ₹252.62 lakh.

The Board of Directors approved the audited financial results for FY26 upon the recommendation of the Audit Committee. M/s Bansilal Shah and Company, the statutory auditors, issued an audit report with an unmodified opinion on the financial results. The meeting also addressed the appointment and reappointment of statutory auditors, internal auditors, and other office bearers as per statutory requirements.

Operational highlights included the completion of a trial run for the Ball mill plant during the quarter ended March 31, 2026. The company noted that more than 90% of its revenue comes from a single segment, and therefore, segment reporting was not provided. Total expenses for the year increased to ₹863.64 lakh from ₹618.51 lakh in the previous year, primarily due to higher costs of materials consumed and finance costs.

To support its operations, the Board approved availing a loan or credit facility up to an amount not exceeding ₹50 lakh from a bank or other sources. Additionally, the Board authorized Directors Shri Mahavir Sundrawat and Shri Mayur Sundrawat to handle statutory compliance and execute filings, either jointly or severally, for FY 2025-26.

The trading window for dealing in the securities of the company will open 48 hours after the declaration of the results, in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The financial results are available on the company's website.

Financial Performance for FY26

Key Audit Matters

The statutory auditors identified key audit matters including the valuation and existence of inventories, revenue recognition for the sale of flooring products, and property, plant, and equipment. The auditors confirmed that the company has adequate internal financial controls over financial reporting that were operating effectively as of March 31, 2026.

Mayur Floorings has confirmed that Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to the entity. This regulation mandates the submission of disclosures regarding related party transactions for listed entities. The company stated that the exemption arises because its financial metrics fall below the thresholds specified in the regulations.

The disclosure was submitted to the stock exchange on May 25, 2026. The company cited Regulation 15(2) of the SEBI (LODR) Regulations, 2015, which provides exemptions from corporate governance provisions for certain listed entities based on their size. Specifically, the regulation states that compliance with provisions including Regulation 23(9) does not apply to entities meeting specific capital and net worth criteria.

The table below outlines the criteria that exempt Mayur Floorings from the regulation:

Pursuant to Regulation 15(2)(b) of the SEBI (LODR) Regulations, 2015, the provision of Regulation 23(9) related to the submission of related party transactions disclosure is therefore not applicable. The filing was signed by Mahavir N Sundrawat, Managing Director, on behalf of Mayur Floorings Limited.