Mena Mani Industries returns to profitability in FY26

Mena Mani Industries Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹17.02 lakh compared to ₹14.51 lakh in the previous year. The turnaround was supported by a significant increase in total revenue, which rose to ₹1,662.20 lakh for the year from ₹1,310.33 lakh in FY25. The company's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net profit of ₹5.12 lakh, reversing the loss of ₹48.74 lakh reported in the same period of the previous year. Revenue from operations for the quarter stood at ₹428.76 lakh. Total expenses for the year were managed at ₹1,637.67 lakh, slightly higher than the ₹1,243.25 lakh incurred in the prior year, primarily driven by increased purchase of stock-in-trade which totaled ₹1,597.75 lakh.

Key Metrics and Ratios

The company's earnings per share (EPS) for the full year improved to ₹0.01 from ₹0.145 in the previous year. Paid-up equity share capital increased to ₹1,162.07 lakh as of March 31, 2026, up from ₹1,003.47 lakh in the previous year, following a preferential allotment of shares. Reserves excluding revaluation reserves turned positive at ₹40.44 lakh compared to a negative balance of ₹1,087.77 lakh in the prior year.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Total Revenue	1,662.20	1,310.33
Net Profit	17.02	14.51
Total Expenses	1,637.67	1,243.25
Equity Share Capital	1,162.07	1,003.47

Acquisition and Auditor's Report

During the quarter ended March 31, 2026, the company acquired a 100% equity stake in JKV Solutions Limited on March 9, 2026, via a share swap arrangement, making it a wholly-owned subsidiary. The statutory auditors, M/s. N.S. Nanavati & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the standalone and consolidated financial results. The auditors noted an error in the balances of the Duties and Taxes Account in prior periods, which has been corrected by restating the affected financial statement line items in accordance with Ind AS 8 and Ind AS 1.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-0.13%	-11.06%	+13.32%	+29.82%	-48.07%

Mena mani industries Limited has announced the completion of a significant preferential allotment of 1,58,59,957 equity shares worth Rs. 12,68,79,656 on March 9, 2026. The Board of Directors approved the allotment during their meeting held at the company's registered office, marking a substantial capital raising exercise conducted under Regulation 30 of SEBI (LODR) Regulations, 2015.

Preferential Allotment Details

The company allotted equity shares to 21 non-promoter investors through a combination of cash and non-cash considerations. The allotment was conducted in accordance with the Companies Act, 2013 and SEBI regulations, with shares issued at Rs. 8 per share including a premium of Rs. 7.

Parameter:	Details
Total Shares Allotted:	1,58,59,957 equity shares of Re. 1/- each
Issue Price:	Rs. 8/- per share (including premium of Rs. 7/-)
Total Consideration:	Rs. 12,68,79,656/-
Premium Amount:	Rs. 11,10,19,699/-
Investor Category:	All Non-Promoters
Consideration Type:	Cash & Other than Cash

Major Investors and Allocation

The allotment includes both individual and corporate investors, with Core Inc. receiving the largest allocation of 25,00,000 shares representing 2.15% post-allotment shareholding. The distribution shows a strategic mix of investors across different investment categories.

Investor:	Shares Allocated	Post-Allotment %	Consideration
Core Inc.:	25,00,000	2.15%	Cash
Ankur Ashok Chaturvedi:	5,00,000	0.43%	Cash
Purna Ashutosh Pandya:	5,00,000	0.43%	Cash
Kamikaze Tradecom LLP:	50,78,124	4.27%	Other than Cash
Mohammad Naushad Shaikh:	42,00,827	3.53%	Other than Cash
Abdul Memon:	12,31,006	1.03%	Other than Cash

Cash vs Non-Cash Distribution

The allotment structure reveals a strategic approach with 53,00,000 shares allocated for cash consideration and 1,05,59,957 shares for non-cash consideration. The non-cash component represents the larger portion of the allotment, indicating potential asset or service-based transactions.

Consideration Type:	Shares Allocated	Number of Investors
Cash Investors:	53,00,000 shares	18 investors
Non-Cash Investors:	1,05,59,957 shares	3 investors
Total Allocation:	1,58,59,957 shares	21 investors

Strategic Context and Capital Enhancement

This preferential allotment follows the company's recent acquisition of 100% equity shares in JKV Solutions Limited, which was completed through a separate share swap arrangement valued at Rs. 8,40,79,656. The JKV Solutions acquisition established Mena Mani's presence in the software and IT services sector, with the target company reporting a turnover of Rs. 285.30 lacs.

The combined effect of both transactions significantly strengthens Mena Mani Industries' capital base and strategic positioning. The preferential allotment provides additional financial resources while diversifying the investor base with 21 new non-promoter stakeholders, demonstrating the company's commitment to growth through strategic capital optimization and business expansion.