Mukat Pipes has re-appointed Mrs. Sandeep Kaur Ahluwalia as Whole Time Director (WTD) for a further period of three years, effective October 1, 2026. The company’s Board of Directors approved the re-appointment during its meeting held on August 12, 2026. The decision is subject to approval by the members of the company at the ensuing Annual General Meeting.

Governance Details

The re-appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aligns with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.

Mrs. Ahluwalia, who holds an MA degree, has been associated with Mukat Pipes since 2007. Prior to joining the company, she served as Vice President of M/s. Surindra Engg. Co. Ltd. (SECO), where she handled administration. She is described as a major shareholder with control over decision-making processes and experienced in business administration.

Related Party Disclosures

The filing discloses family relationships between directors:

• Sister of Mr. Roopinder Singh, Chairman & Whole-time Director
• Mother of Ms. Mandeep Ahluwalia Pahwa, Director
• Wife of Late S. Rajinder Singh Ahluwalia, former Chairman of the Company

Mr. Roopinder Singh, Chairman of Mukat Pipes, signed the intimation letter addressed to BSE Ltd.

Mukat Pipes reported a net loss of ₹13.44 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a sharp deterioration from the ₹1.77 lakh loss posted in the corresponding period of FY26. Revenue from operations expanded 70% year-on-year to ₹160.25 lakh, up from ₹94.19 lakh in Q1FY26. The company’s total revenue, including other income of ₹11.07 lakh, stood at ₹171.32 lakh, compared to ₹105.57 lakh in the prior year period.

Despite the growth in top-line figures, total expenses for the quarter remained high at ₹184.76 lakh. This was driven largely by other expenses, which accounted for ₹131.70 lakh of the total outflow. Cost of materials consumed rose significantly to ₹83.14 lakh from ₹25.97 lakh in Q1FY26. Employee benefit expenses also increased to ₹33.36 lakh from ₹27.37 lakh year-ago. A credit of ₹69.98 lakh was recorded for changes in inventories of finished goods and work-in-progress.

What the Numbers Show

A notable divergence exists between revenue growth and cost structure. While revenue from operations grew 70% year-on-year (from ₹94.19 lakh to ₹160.25 lakh), cost of materials consumed surged 220% (from ₹25.97 lakh to ₹83.14 lakh). This disproportionate rise in input costs relative to revenue generation contributed to the widening operating loss, highlighting margin pressure despite higher sales volume or value realization. Additionally, other expenses jumped from ₹37.18 lakh to ₹131.70 lakh, indicating significant non-material cost inflation.

Key Financial Metrics

The unaudited financial results were reviewed by Gurpreet Kaur & Associates, who issued an unqualified limited review report. The figures were approved by the Board of Directors at its meeting held on August 12, 2026.

Corporate Actions

During the same board meeting, Mukat Pipes approved the re-appointment of Mrs. Sandeep Kaur Ahluwalia as Whole Time Director for a further period of three years, effective October 1, 2026. Her appointment is subject to shareholder approval at the upcoming Annual General Meeting. The Board also approved the notice convening the 39th Annual General Meeting of the company.