MMP Industries Ltd has confirmed that no encumbrance was created on the equity shares held by its promoters during the financial year ended March 31, 2026. The disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The promoters stated that all required disclosures under Regulation 31(1), 31(2), and 31(3) of the regulations have been duly complied with. They further declared that there are no undisclosed encumbrances on the shares held by them, other than those already disclosed to the company and the stock exchanges.

The declaration was submitted on behalf of the Promoter and Promoter Group. The document was digitally signed by Arun Raghuvir Raj Bhandari on April 8, 2026.

Promoters and Promoter Group

The following individuals and entities constitute the Promoter and Promoter Group of MMP Industries Ltd:

MMP Industries Limited reported its highest ever quarterly financial performance for the period ended March 31, 2026, with Profit After Tax (PAT) rising 66% year-on-year (YoY) to ₹18.0 Cr. Total revenue for Q4FY26 stood at ₹249.7 Cr, a 12% increase compared to ₹223.1 Cr in Q4FY25, driven by healthy growth across the Powder and Foil segments and improved exports. The company announced its audited financial results for the fourth quarter (Q4FY26) and full fiscal year (FY26) on May 23, 2026, and filed the investor presentation with the National Stock Exchange of India Limited on May 25, 2026.

Consolidated Financial Performance

The company achieved strong operational metrics in Q4FY26, with EBITDA growing 17% YoY to ₹21.5 Cr and EBITDA margins expanding by 36 basis points to 8.6%. For the full year FY26, total revenue increased 19% YoY to ₹824.0 Cr. However, annual PAT declined 20% to ₹31.0 Cr, impacted by a net exceptional loss of ₹9.7 Cr and losses from newly incorporated wholly owned subsidiaries during their ramp-up phase.

Segment Performance and Operational Updates

Revenue growth was broad-based across key business segments. Aluminium Powders revenue for FY26 increased 15% YoY to ₹504 Cr, while Aluminium Foils revenue surged 39% YoY to ₹215.2 Cr. The Polymer Insulator segment generated ₹23 Cr in revenue compared to nil in the previous year. Management noted that despite an estimated revenue loss of ₹45 to ₹50 Cr due to an operational disruption at the Umred plant in Q1FY26, operations normalised in subsequent quarters.

The company provided guidance for FY27, expecting the Aluminium Powders division to deliver revenue growth of approximately 13% to 15% and the Aluminium Foils business to grow 15% YoY. Additionally, the strategic pilot initiative for LT cables at the Bhandara facility remains on track for a June 2026 launch. A ~7 MW group captive solar park is under development with a planned investment of ₹30 Cr, targeted for commissioning in H1FY27 to reduce power costs.

Future Expansion and Outlook

During the earnings conference call, management detailed expansion plans for the conductors and cables business, including a Greenfield facility at MIDC Umred with an investment of ₹85 Cr to ₹90 Cr over the next 2 to 2.5 years. The first phase is expected to commence gradually from FY27 onwards. Backward integration into aluminum wire rods is also planned with an estimated investment of ₹13 Cr to ₹15 Cr to improve supply chain integration and margins.

For the Polymer Insulator business, where the company has invested ₹35 Cr to ₹40 Cr, Phase I and Phase II capacities are fully operational. Approvals from major EPC contractors and transmission utilities, including Power Grid Corporation of India Limited, are expected during Q2 FY27, with meaningful revenue ramp-up anticipated from Q3 FY27 onwards. The company targets a revenue of ₹18 Cr to ₹20 Cr in FY27 and ₹45 Cr to ₹50 Cr in FY28 from this segment.