Mindteck appoints Keshav Prasad as Senior Vice President

Mindteck (India) Limited has appointed Mr. Keshav Prasad as Senior Vice President - Sales, effective from June 04, 2026, to strengthen its leadership in driving business growth and building scalable IT and Engineering Services organizations. The Board of Directors approved the appointment on June 03, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed this filing to the stock exchanges on June 03, 2026, at 07:55 PM.

Mr. Keshav Prasad is a seasoned Business and Geo Leader with over 26 years of experience in the Semiconductor, Industrial, and Aerospace sectors. He holds a Bachelor of Engineering in Mechanical Engineering from University Visvesvaraya College of Engineering (UVCE), Bangalore University, and an MBA in Operations Management from Indira Gandhi National Open University (IGNOU), New Delhi.

Professional Background

Mr. Prasad brings extensive expertise in business development, strategic account management, and go-to-market leadership. His career highlights include managing portfolios exceeding USD 30 million and achieving more than 25% year-over-year revenue growth over the last three years while maintaining gross margins above 30%. He has established long-term relationships with CXOs of leading global OEMs and is recognized for acquiring net-new customers and building high-performing teams.

Key Details of Appointment

Sl. No.	Particulars	Details
1.	Reason for change	Appointment of Mr. Keshav Prasad as Senior Vice President - Sales effective from June 04, 2026.
2.	Date of appointment	Appointed on June 03, 2026; effective from June 04, 2026.
3.	Term of Appointment	Not Applicable
4.	Disclosure of relationship	Not Applicable
5.	Date and Time of Material Event	June 03, 2026, 07:55 PM

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.74%	-2.34%	+0.80%	+3.33%	-12.48%	+245.18%

Mindteck (India) Limited has announced its audited consolidated and standalone financial results for the quarter and year ended March 31, 2026. The Board of Directors reviewed and approved the results at a meeting held on May 19, 2026. For the financial year 2025-26, the company reported a consolidated net profit of Rs. 3,152 lakhs compared to Rs. 2,868 lakhs in the previous year. Total income from operations for the year stood at Rs. 40,730 lakhs.

Financial Performance

The company's standalone net profit for the year ended March 31, 2026, was Rs. 1,740 lakhs, a decrease from Rs. 1,882 lakhs in the prior year. Standalone total income from operations was Rs. 14,965 lakhs. For the quarter ended March 31, 2026, the consolidated net profit was Rs. 1,016 lakhs on a total income of Rs. 10,391 lakhs. The standalone net profit for the quarter was Rs. 519 lakhs on a total income of Rs. 3,692 lakhs.

Metric	Consolidated FY26 (Rs in lacs)	Consolidated FY25 (Rs in lacs)
Total Income from Operations	40,730	42,442
Net Profit After Tax	3,152	2,868
Basic EPS	9.86	9.02

Dividend Declaration

The Board of Directors has proposed a final dividend of Re. 1 per equity share for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the upcoming Annual General Meeting. In the previous year, the company had declared and paid a final dividend of Re. 1 per equity share.

Operational Updates

During the year, the company recognized exceptional items amounting to Rs. 530 lakhs, primarily due to the impact of new Labour Codes notified by the Government of India. This cost relates to an increase in gratuity and leave liabilities arising from past service. Additionally, the company recorded a recovery linked to the restructuring of sales operations in the US. Regarding employee compensation, 42,000 ESOPs were exercised and allotted during the year, increasing equity share capital by Rs. 4.2 lakhs.