Mena Mani Industries Limited reported a standalone net profit of ₹17.02 lakh for the financial year ended March 31, 2026, marking an increase from ₹11.43 lakh in the previous year. The company’s total income stood at ₹1662.20 lakh, a decrease from ₹1787.40 lakh recorded in FY25.

Revenue from operations remained relatively stable at ₹1653.70 lakh in FY26, compared to ₹1647.89 lakh in the preceding year. However, other income dropped significantly to ₹8.50 lakh from ₹139.51 lakh in FY25, primarily due to the absence of creditor liability waivers and interest income that contributed substantially to the previous year's earnings. Profit before tax declined to ₹24.53 lakh from ₹40.02 lakh in FY25.

Financial Performance Overview

The company’s balance sheet witnessed a substantial turnaround in equity position, driven by preferential allotments and operational profits. Total equity rose to ₹1201.52 lakh as of March 31, 2026, compared to negative equity of -₹84.30 lakh in the previous year. This shift was largely aided by securities premium additions totaling ₹1110.20 lakh from preferential issues during the year.

Strategic Acquisitions and Capital Structure

During the year, Mena Mani acquired 100% equity stake in JKV Solutions Limited through a share swap arrangement on March 9, 2026. The acquisition involved issuing 1,05,09,957 equity shares at an issue price of ₹8 per share, aggregating to ₹8.41 crore. Consequently, JKV Solutions became a wholly owned subsidiary, expanding the company’s operations into software and IT services. The excess of net assets acquired over consideration transferred, amounting to ₹2.39 crore, was recognized as capital reserve in the consolidated financial statements.

Additionally, the company allotted 53,50,000 equity shares for cash consideration at ₹8 per share, raising ₹4.28 crore. These capital actions significantly strengthened the company’s net worth and liquidity position, with cash and cash equivalents rising to ₹330.54 lakh from ₹34.52 lakh in the previous year.

What the Numbers Show

A critical observation in the FY26 results is the divergence between operational stability and bottom-line growth. While revenue from operations grew marginally by 0.3%, the net profit increased by nearly 49% YoY. This improvement is not driven by operational efficiency but rather by a drastic reduction in other expenses, which fell from ₹130.44 lakh in FY25 to ₹18.42 lakh in FY26. The prior year included a significant bad debt provision of ₹102.91 lakh, which did not recur in FY26, thereby artificially boosting profitability relative to core trading activities.

Mena Mani Industries has approved plans to expand into the hotel and hospitality sector while increasing its authorized share capital. The Board of Directors also decided to alter the company’s Memorandum of Association to include these new business activities.

The board meeting was held on August 26, 2026, at the company’s registered office in Ahmedabad. The resolutions require final approval from members in a general meeting.

Capital Increase

The authorized share capital will rise from ₹16.5 crore to ₹31.5 crore. This involves creating additional equity shares of ₹1 each, bringing the total number of shares to 31.5 crore. These new shares will rank pari passu with existing equity shares.

New Business Objectives

The alteration to the main object clause allows the company to engage in a wide range of hospitality and wellness activities. Key permitted activities include:

• Operating hotels, resorts, motels, clubs, and tourism centres.
• Managing restaurants, cafes, bars, banquet halls, and catering establishments.
• Running wellness centres, spas, health and fitness facilities, and holiday homes.
• Providing care services through day-care, senior citizen, and rehabilitation centres.
• Entering tie-ups with hotel and hospitality chains in India and abroad.

Swetank Madhuvir Patel, Managing Director, signed the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.