Mudunuru sets Sep 24 record date for AGM to re-appoint directors
- Mudunuru fixes Sep 23 as e-voting cut-off for 32nd AGM on Sep 30
- Register of members closed from Sep 24 to Sep 30, 2026
- Board seeks re-appointment of three whole-time directors for three-year terms
- FY26 net loss widened to ₹179.53 lakh from ₹131.05 lakh in FY25
- Revenue from operations fell 48.5% to ₹319.43 lakh due to lack of one-off income
*this image is generated using AI for illustrative purposes only.
Mudunuru Limited has fixed September 23, 2026 as the cut-off date for e-voting ahead of its 32nd Annual General Meeting scheduled for September 30. The register of members will remain closed from September 24 to September 30, 2026.
The meeting, held at its registered office in Vishakhapatnam, seeks shareholder approval for the re-appointment of Mr. T. Kiran, Mr. Hemambara Rao Boddeti, and Mrs. Ragasita Manjari Thummalapalli as Whole-Time Directors for further three-year terms. These appointments are critical for maintaining continuity in leadership as the company navigates a period of financial consolidation.
Financial Performance
For the fiscal year ended March 31, 2026, Mudunuru reported a total income of ₹327.73 lakh, down from ₹630.49 lakh in FY25. The decline was primarily driven by a drop in revenue from operations, which fell to ₹319.43 lakh from ₹620.05 lakh in the previous year. Management attributes the prior year's higher revenue partly to non-recurring one-off project income that did not repeat in FY26.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹319.43 lakh | ₹620.05 lakh | -48.5% |
| Total Income | ₹327.73 lakh | ₹630.49 lakh | -48.1% |
| Net Loss After Tax | ₹179.53 lakh | ₹131.05 lakh | Widened |
| EPS (Basic) | ₹(0.56) | ₹(0.42) | Negative |
Total expenses decreased to ₹512.58 lakh from ₹780.63 lakh in FY25, reflecting cost optimization efforts. However, this reduction was insufficient to offset the revenue decline, resulting in a widened net loss after tax of ₹179.53 lakh. Earnings per share stood at a negative ₹0.56.
What the Numbers Show
A significant divergence exists between the company's top-line contraction and its bottom-line pressure. While revenue nearly halved due to the absence of one-off income, employee benefit expenses rose to ₹272.49 lakh from ₹233.77 lakh. This indicates that fixed operational costs remain high relative to the reduced recurring revenue base, compressing margins further despite overall expense reductions.
Corporate Governance & Capital Structure
The Board also reported changes in share capital during FY26. Paid-up capital increased to ₹654.40 lakh (3.27 crore shares) from ₹624.00 lakh, following the conversion of 15.20 lakh warrants into equity shares. No fresh issue of shares was made for cash consideration.
The company has not declared any dividend for the year, citing its transition phase and need for funds for expansion. Statutory auditors M/s. M.M. Reddy & Co. issued an unmodified opinion on the standalone financial statements.
How does the new management team plan to diversify revenue streams to reduce reliance on non-recurring project income in FY27?
What specific cost-optimization strategies will be implemented to address the rising employee benefit expenses relative to the shrinking revenue base?
Given the widened net loss and lack of dividend, what is the company's roadmap for achieving profitability and stabilizing cash flows?
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