Mehul Telecom Limited has expanded its retail footprint by opening a new store in Adipur, Gujarat. The outlet, operating under the name Mehul Telecom, commenced operations on June 7, 2026, located at the Ground Floor, Shop No. 126, Jay Ambe Complex, Near Madan Singh Circle.

The disclosure was made to BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This announcement serves as an intimation regarding the company's earlier communication dated May 21, 2026.

Store Details

The following table outlines the specifics of the newly opened retail location:

The company has requested the exchange to place this information on record.

Mehul Telecom Limited reported a 71.3% increase in net profit to ₹996.39 lakh for the financial year ended March 31, 2026, driven by a 73.4% surge in revenue from operations to ₹20,012.01 lakh. The company crossed the ₹200 crore revenue mark during the year, supported by strong demand for smartphones and accessories across its expanding retail footprint in Gujarat. The Board of Directors approved the audited standalone financial results during its meeting held on May 25, 2026, alongside the statutory auditor's report with an unmodified opinion.

Financial Performance

The company’s total income for the year reached ₹20,020.82 lakh, up from ₹11,547.26 lakh in the previous year. Earnings per share (EPS) improved to ₹13.07 from ₹7.99. For the half year ended March 31, 2026, profit stood at ₹519.27 lakh compared to ₹283.35 lakh in the corresponding prior period, with revenue from operations at ₹10,634.44 lakh. EBITDA for H2 FY26 surged 93% year-on-year to ₹721.18 lakh, with an EBITDA margin of 6.78%.

Operational Metrics and Expenses

Total expenses for the year increased to ₹18,681.30 lakh from ₹10,769.73 lakh, primarily due to higher purchases of stock in trade, which amounted to ₹19,132.82 lakh. Finance costs rose to ₹28.00 lakh. The profit before tax for the year was recorded at ₹1,339.52 lakh. The company operates 80 stores across 15 districts in Gujarat, comprising 6 COCO stores and 74 FOFO stores.

Balance Sheet and Cash Flows

Total assets as of March 31, 2026, stood at ₹5,775.37 lakh, an increase from ₹3,370.91 lakh in the previous year. Shareholders' funds improved to ₹2,714.90 lakh, driven by reserves and surplus of ₹1,952.70 lakh. Cash flow from operating activities resulted in a net outflow of ₹371.30 lakh. The company raised funds through long-term borrowings of ₹257.88 lakh and short-term borrowings of ₹81.32 lakh, with a closing cash balance of ₹273.97 lakh.

Corporate Governance and Board Decisions

The Board appointed M/s. S M N K & Co, Chartered Accountants, as the Internal Auditor for the financial year 2026-27. The appointment was approved by the Board on January 29, 2026, based on the recommendation of the Audit Committee, and the firm commenced its role on May 25, 2026. Additionally, the Board approved a change in the registered office address within the local limits of Rajkot to Office No. 506-507, R.K. Tower, Shital Park, Rajkot.