Meera Industries appointed Het Desai as additional director designated as executive director effective August 31, 2026. The board also revised the remote e-voting cut-off date for its 20th annual general meeting to September 22, 2026.

The Surat-based textile firm confirmed the appointment during a board meeting held on August 31, 2026. Mr. Desai, who holds a B.S. in Robotics Engineering Technology from Purdue University, will serve a five-year term until August 30, 2031, subject to shareholder approval at the upcoming AGM.

Director Changes

The board noted the resignation of Mayank Desai, non-independent non-executive director, effective close of business on August 31, 2026. He stepped down to pursue career opportunities outside the organization.

Consequently, the company recommended the re-appointment of Ms. Kenny Desai, who retires by rotation. This replaces the earlier recommendation for Mr. Mayank Desai.

AGM Schedule Updates

The 20th AGM remains scheduled for September 29, 2026. The register of members and share transfer books will remain closed from September 22, 2026, to September 29, 2026, inclusive.

The remote e-voting cut-off date was moved from September 21, 2026, to September 22, 2026. The board also approved the revised draft notice of AGM and board’s report for FY26.

Meera Industries Limited reported a net profit of ₹71.34 lakh for the quarter ended June 30, 2026, marking a 10% increase from ₹64.78 lakh in the corresponding period of FY26. Revenue from operations rose 30% year-on-year to ₹1,234.59 lakh, up from ₹948.15 lakh in Q1FY26.

The results reflect a turnaround from the previous quarter, where the company posted a loss of ₹64.01 lakh. The Board of Directors approved the unaudited standalone and consolidated financial results in a meeting held on August 14, 2026. Statutory auditors K A Sanghavi & Co LLP issued an unmodified limited review report on the standalone figures.

Segment Performance

The Machine Division was the primary growth driver, contributing ₹861.40 lakh to segment revenue, a 19% increase from ₹723.28 lakh in Q1FY25. Segment result for the division stood at ₹77.44 lakh, compared to ₹126.21 lakh in the prior year quarter.

The Plastic Division saw significant expansion, with revenue jumping to ₹373.20 lakh from ₹224.87 lakh in Q1FY25. While the division turned profitable with a segment result of ₹16.09 lakh, it had reported a loss of ₹42.66 lakh in the same period last year.

What the Numbers Show

While top-line growth was robust, operating leverage appears muted. Total expenses rose to ₹1,158.82 lakh from ₹892.48 lakh in Q1FY26, an increase of nearly 30%. However, profit before tax improved to ₹95.63 lakh from ₹72.69 lakh. The divergence suggests that while revenue grew faster than costs, margin expansion was limited by higher input or operational expenditures relative to the previous year's base.

Corporate Governance Updates

The company announced several key governance changes during the board meeting:

• Auditor Change: The second term of statutory auditors K A Sanghavi & Co LLP expires at the ensuing AGM. M/s M R Bombaywala & Co will take over audit responsibilities from the next quarter, subject to member approval.
• AGM Details: The 20th Annual General Meeting is scheduled for September 29, 2026, via video conferencing. Share transfer books will remain closed from September 22 to September 29, 2026.
• Director Reappointment: Mrs. Mayank Desai retires by rotation and is eligible for reappointment.