Multibase India Limited has announced the resignation of Mr. Jason Galinski from his position as Non-Executive Non-Independent Director, effective from the close of business hours on March 31, 2026. The resignation was formally communicated to the Board through a letter dated March 12, 2026, and has been duly acknowledged by the company's Board of Directors.

Director Resignation Details

The company has disclosed the directorate change in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal announcement was made to BSE Limited, where the company's scrip is traded under code 526169.

Reason for Resignation

Mr. Galinski's decision to step down stems from his recent appointment as Senior Director, Facilities & Real Estate within DuPont. In his resignation letter, he explained that the realignment of his responsibilities requires focused attention to his new role, making it appropriate for him to resign from the Board of Multibase India Limited.

The departing director expressed gratitude to the Board and colleagues for their support, trust, and cooperation during his tenure. He stated that serving the company had been a privilege and expressed confidence in its continued growth and success.

Regulatory Compliance

The disclosure has been made pursuant to Regulation 30 read with Schedule III of the SEBI LODR Regulations. The company has also complied with additional requirements outlined in SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 issued on July 13, 2023, and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 updated on January 30, 2026.

The resignation letter and related documentation have been formally submitted to the Corporate Relationship Department of BSE Limited, with Company Secretary & Compliance Officer Parmy Kamani overseeing the regulatory filing process. The Board has taken note of and acknowledged the resignation with effect from March 31, 2026.

Multibase India Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing mixed performance with strong profit growth despite revenue challenges. The Board of Directors approved these results at their meeting held on February 13, 2026.

Quarterly Financial Performance

The company delivered robust profit growth in Q3FY26 despite facing revenue headwinds. Net profit after tax surged significantly while operational revenue experienced a notable decline compared to the previous year.

Nine-Month Period Results

For the nine months ended December 31, 2025, the company faced challenges with both revenue and profitability declining compared to the corresponding period in the previous year.

Operational Highlights

The company's cost structure showed improvement during Q3FY26. Total expenses decreased to ₹996.10 lakhs from ₹1,506.21 lakhs in Q3FY25, contributing to the improved profit margins. Cost of materials consumed stood at ₹773.37 lakhs compared to ₹852.58 lakhs in the previous year quarter.

Employee benefits expense increased to ₹134.81 lakhs from ₹112.70 lakhs, while other expenses decreased to ₹158.66 lakhs from ₹200.04 lakhs in Q3FY25. The company maintained minimal finance costs with zero finance costs in Q3FY26.

Key Adjustments and Regulatory Updates

During Q3FY26, the management accounted for a retrospective price adjustment of ₹176.41 lakhs related to import purchases of traded goods from related parties for transfer pricing adjustments. The company also implemented changes related to the new labour codes that became effective from November 21, 2025, though the impact was assessed as not material to the results.

Business Segment Information

Multibase India operates predominantly in the manufacture and sale of thermoplastic elastomers and silicone-based products. The company maintains a paid-up equity share capital of ₹1,262.00 lakhs with face value of ₹10 per share, remaining unchanged across all reported periods.