Mold-Tek Technologies Limited concluded its board meeting on April 20, 2026, with significant updates regarding dividend policy and audit procedures. The board decided to defer the declaration of interim dividend for Financial Year 2025-26, contrary to earlier considerations, while also conducting mandatory discussions with statutory auditors regarding audit scope and planning.

Board Meeting Outcome

The board meeting, which commenced at 12:00 PM IST and concluded at 14:20 PM IST, addressed two primary agenda items. The directors engaged in comprehensive discussions with the company's statutory auditors as per SA 260 - 'Communication with Those Charged with Governance' (TCWG) requirements, incorporating guidelines from the National Financial Reporting Authority (NFRA) circular dated January 7, 2026.

Dividend Policy Decision

The board has decided to defer the declaration of interim dividend for Financial Year 2025-26, aligning with the company's previous year practice. This decision represents a departure from the earlier announced consideration of interim dividend declaration. The company indicated that it may consider declaring a final dividend for FY 2025-26, with updates to be communicated in due course.

Audit Planning and Compliance

A significant portion of the meeting focused on audit-related discussions with statutory auditors. The board reviewed the scope of audit and audit plan for the financial year ending March 31, 2026, ensuring compliance with SA 260 requirements and NFRA guidelines. These discussions form part of the company's commitment to maintaining robust governance standards and regulatory compliance.

Corporate Information

The outcome was communicated to both BSE Limited and National Stock Exchange of India Limited through official regulatory filing. Company Secretary and Compliance Officer Prateek Kumar Tiwari digitally signed the communication, maintaining the company's adherence to listing obligations under SEBI regulations.

The company operates from its registered office in Jubilee Hills, Hyderabad, and continues to maintain transparent communication with stakeholders through proper regulatory channels. This decision reflects the board's strategic approach to dividend distribution while ensuring compliance with evolving regulatory frameworks.

Mold-Tek Technologies Limited has formally disclosed the utilization plan for proceeds from its preferential equity issue under Regulation 30 of SEBI (LODR) Regulations, 2015. The company communicated this information to both BSE and NSE on April 15, 2026, providing detailed bifurcation of the Rs. 4,75,60,000 raised through the preferential issue.

Fund Utilization Details

The company has allocated the entire proceeds for a single capital expenditure project focused on infrastructure development. The disclosure reveals a strategic investment in establishing a permanent operational base in Maharashtra.

Project Background and Rationale

The construction project addresses the company's current operational setup in Nashik, where the branch currently operates from rented premises. The company acquired the designated land bearing Survey No. 217/1/A/2, situated at Pathardi-1, District Nashik, Maharashtra, in 2023, indicating prior planning for this infrastructure development.

The proposed construction aims to establish a dedicated facility that will support both ongoing business operations and accommodate future growth plans. This strategic move from rented to owned premises represents a significant step in the company's operational expansion in the Maharashtra region.

Regulatory Compliance and Timeline

Mold-Tek Technologies Limited has confirmed that the issue proceeds will be utilized exclusively for the stated purpose, ensuring compliance with regulatory requirements. The company estimates project completion within 15 to 18 months from the date of allotment, providing stakeholders with a clear timeline for the infrastructure development.

The disclosure references previous communications dated February 28, 2026, regarding the Board Meeting outcome, and March 06, 2026, relating to the Extraordinary General Meeting, indicating a structured approach to the preferential issue process.

Corporate Information

The disclosure was signed by Prateek Kumar Tiwari, Company Secretary and Compliance Officer, and submitted to both stock exchanges as part of the company's ongoing transparency and regulatory compliance obligations.