Meera Industries reported a net profit of ₹84.58 lakh for the financial year ended March 31, 2026, a sharp decline of 78% from ₹389.47 lakh in the previous year. The company's revenue from operations for FY26 stood at ₹3,675.32 lakh, down from ₹4,026.01 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net loss of ₹64.01 lakh, compared to a profit of ₹35.76 lakh in the corresponding quarter of the previous year.

Financial Performance

The board of directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The statutory auditors, K A SANGHAVI & CO LLP, issued an unmodified opinion on the standalone and consolidated financial results. Total income for the year decreased to ₹3,763.61 lakh from ₹4,058.38 lakh in the prior year. The board meeting commenced at 11:00 AM and concluded at 02:40 PM on May 29, 2026.

Segment Results

The company operates through two primary segments: Machine Division and Plastic Division. The Plastic Division reported a segment loss of ₹191.88 lakh for the year, while the Machine Division reported a profit of ₹285.96 lakh. The Plastic and Yarn divisions have been merged and remain as the "Plastic Division".

Auditor Resignation

D D R & Co., Chartered Accountants, the internal auditors of the company, tendered their resignation effective May 29, 2026. The firm cited other professional commitments as the reason for their resignation and stated they would not be offering themselves for reappointment for the financial year 2026-27. The resignation was communicated to the board via a letter dated May 29, 2026.

Compliance and Disclosures

The company confirmed that it has complied with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audited financial results will be published in newspapers and made available on the company's website.

Meera Industries Limited has announced that its board of directors will meet on Friday, May 29, 2026. The primary agenda for the meeting is the consideration and approval of the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.

The meeting is being convened in accordance with Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alongside the financial results, the board will also consider any other business with the permission of the Chair.

Trading Window Closure

In compliance with the company's Code of Conduct for Prevention of Insider Trading, the trading window for designated persons was closed from April 1, 2026. This closure period will remain in effect until the expiry of 48 hours from the date when the financial results are declared and made public to the stock exchanges.

Consequently, the trading window will reopen 48 hours after the results are announced immediately following the conclusion of the board meeting on May 29, 2026. The company has intimated the stock exchanges regarding this schedule.

Meeting Details