Mishra Dhatu Nigam Limited has announced the retirement of Anand Kumar Kaluvala, who served as General Manager (Production), effective August 1, 2026. The disclosure was made to ensure transparency for investors and market participants regarding changes in the company's senior management structure. This personnel change marks a transition in the production leadership at the Hyderabad-based specialty steel manufacturer.

The company filed the disclosure with both BSE Limited and National Stock Exchange of India Limited on August 2, 2026. The notification was issued in compliance with Regulation 30 (7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Paul Antony, Company Secretary and Compliance Officer, signed the communication, confirming the departure is due to retirement rather than voluntary resignation or termination.

Key Personnel Change Details

As a Government of India enterprise, Mishra Dhatu Nigam Limited maintains strict adherence to regulatory filing timelines. The registered office remains located at P.O. Kanchanbagh, Hyderabad, Telangana. No further details regarding succession planning or interim arrangements were provided in the immediate exchange filing.

Mishra Dhatu Nigam Limited has reported its highest ever annual turnover of ₹1,208.63 crores in FY26, a growth of 12.52% compared to ₹1,074.10 crores in FY25. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, on May 29, 2026, and recommended a final dividend of ₹1.25 per equity share. The company achieved a Profit After Tax (PAT) of ₹130.79 crores for the full year, growing by 18.82% against ₹110.07 crores in the previous year.

Financial Performance

The company recorded its highest ever quarterly turnover of ₹552.75 crores in Q4FY26, a growth of 34.63% against ₹410.56 crores in the corresponding quarter of the previous year. The Profit Before Tax (PBT) for Q4FY26 stood at ₹107 crores, a growth of 38.67%, while the PAT for the quarter was ₹77.75 crores, up 38.49% year-on-year. The EBITDA for FY26 stood at ₹275.59 crores, registering a growth of 10.69% against ₹248.97 crores in FY25.

Operational Highlights

The value of production during Q4FY26 stood at ₹392.19 crores, registering a growth of 19.15% against ₹329.16 crores in the corresponding quarter of the previous year. For the full year FY26, the value of production reached ₹1,193.92 crores, a growth of 12.04% against ₹1,065.62 crores in FY25. The company produced 700 tons of Titanium, almost doubling from previous years. The order book position as on April 1, 2026, was ₹2,290 crores.

Strategic Initiatives and Outlook

The company has signed a memorandum of understanding (MOU) for the creation of a metal bank to ensure an uninterrupted supply of critical raw materials. MIDHANI plans a capital expenditure of around ₹1,000 crores over the coming 3 years, focusing on replacing aging equipment with state-of-the-art facilities in downstream operations. The company expects to book orders worth ₹1,500 crores in FY27 and targets a top-line growth of 15% year-on-year with EBITDA margins between 23% and 25%.

Key Achievements

MIDHANI received airworthiness certificates for 10 critical aerospace grade superalloys and steels from CEMILAC. It obtained NADCAP certification for heat treatment, enabling direct procurement by OEMs. The company inaugurated a world-class aerospace fastener manufacturing facility worth ₹40 crores and supplied 90 tons of armor-grade steel for the presidential dais. Additionally, 31 architectural Titanium windows were delivered to the Shri Ram Janmabhoomi temple at Ayodhya.