Mishra Dhatu Nigam Limited appointed Shri Prakash Rajpurohit as Government Nominee Director on its Board effective June 5, 2026. The appointment follows an Office Memorandum No. 8(29)/2026-D(Coord/DDP) issued by the Ministry of Defence on the same date. Consequently, the tenure of Shri Amit Satija as Government Nominee Director ceased to exist with effect from June 5, 2026.

Shri Prakash Rajpurohit, aged 40 years, is an Indian Administrative Service Officer of the 2010 Batch belonging to the Rajasthan Cadre. He holds a B.Tech Degree in Electrical Engineering from IIT Delhi. He is currently posted as Joint Secretary, Ministry of Defence, Department of Defence Production. Prior to this appointment, he served as Director in the Department of Economic Affairs, Ministry of Finance, handling international investment treaties. He has also held several field and policy assignments in the Government of Rajasthan, including district administration and roles as commercial taxes and excise commissioner.

The company confirmed that the new director is not debarred from holding the office by virtue of any SEBI Order or any other authority. It was also confirmed that he is not disqualified from holding the office of Director pursuant to Section 164 of the Companies Act, 2013. The disclosure was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Appointment Details

Regulatory Compliance

The appointment was communicated to BSE Limited and the National Stock Exchange of India Limited. The filing referenced SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The confirmation of compliance included checks regarding debarment by SEBI and disqualification under the Companies Act, 2013, both of which were reported as negative.

Mishra Dhatu Nigam Limited reported a Profit After Tax (PAT) of ₹130.79 Cr for the financial year ended March 31, 2026, registering a growth of 18.82% compared to the previous year. The company achieved its highest ever annual turnover of ₹1,208.63 Cr, a 12.52% increase over the prior year. The Board of Directors has recommended a final dividend of ₹1.25 per equity share, or 12.5%, subject to shareholder approval at the upcoming Annual General Meeting.

The Board, in its meeting held on May 29, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. Madhubala Kalluri, Director (Finance) & Chief Financial Officer, declared that the statutory auditors, M/S ANJANEYULU & CO., Chartered Accountants, issued an audit report with an unmodified opinion on the standalone and consolidated financial results.

Operational performance for the fourth quarter of FY26 showed significant momentum, with quarterly turnover reaching a record ₹552.75 Cr, a growth of 34.63% year-on-year. Profit After Tax for the quarter stood at ₹77.75 Cr, up 38.49% from the corresponding quarter of the previous year. The Value of Production for the full year also hit a record high of ₹1,193.92 Cr, growing by 12.04%.

Financial Performance for FY26

The company’s EBITDA for FY26 stood at ₹275.59 Cr, a growth of 10.69% compared to the previous year. Profit Before Tax (PBT) increased by 17.98% to ₹184.09 Cr. The order book position as of April 1, 2026, stood strong at ₹2,290.00 Cr, providing visibility for future revenue.

Strategic Achievements

During the year, MIDHANI achieved its highest ever titanium alloy production of 700T, nearly doubling from the previous year. The company signed an MoU with major stakeholders to create a Metal Bank to ensure the availability of critical raw materials for Defence projects. Additionally, MIDHANI received Airworthiness Certificates for 10 alloys from CEMILAC, authorizing production for advanced aero engines, and was awarded the prestigious NADCAP certification for Heat Treatment.