Multiplus Holdings has appointed Mrs. Dhwani Jaspalsinh Solanki and Mrs. Shivangi Digant Shah as Additional Non-Executive Independent Directors. The Board approved the appointments on September 8, 2026, effective immediately, subject to shareholder ratification at the 44th Annual General Meeting scheduled for September 30, 2026.

The company will hold the meeting at its registered office in Mumbai at 3:00 pm. Shareholders will vote on ordinary business items, including adopting the audited financial statements for the fiscal year ended March 31, 2026. The remote e-voting period runs from September 27 to September 29, 2026. The record date for voting eligibility is September 23, 2026.

Board Appointments and Reappointments

The agenda includes the reappointment of Mrs. Kavita Sheth as a Non-Executive Director. She retires by rotation at this meeting and offers herself for reappointment. The notice states she has over 12 years of experience in business administration and finance.

The two new appointees bring extensive corporate governance experience:

• Mrs. Dhwani Solanki is a Company Secretary with over 12 years of professional experience. She currently serves as Company Secretary at Sigma Solve Limited and holds directorships in Purohit Construction Limited, Ishita Drugs and Industries Limited, Rachana Infrastructure Limited, and Boss Packaging Solutions Limited.
• Mrs. Shivangi Shah is an Associate Member of the Institute of Company Secretaries of India with nine years of experience in corporate law and regulatory compliance. She currently serves as Company Secretary and Compliance Officer at Rajgor Proteins Limited.

Both appointees have declared their independence as per Section 149(6) of the Companies Act, 2013. They are not debarred from holding office by SEBI or other authorities.

Committee Reconstitution

Following the appointments, the Board reconstituted its statutory committees effective September 8, 2026. Mrs. Solanki will serve as Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Mrs. Shah will serve as a Member in all three committees. Mr. Jayprakash Ramniklal Sheth, a Non-Executive Non-Independent Director, will also serve as a Member in these committees.

Auditor Reappointment

The meeting will also consider the reappointment of M/s. DGMS & Co., Chartered Accountants, as Statutory Auditors. They will hold office from the conclusion of this AGM until the conclusion of the 45th AGM. Their remuneration will be mutually agreed upon between the Board and the auditors.

Financial Performance Context

The notice includes a statement of information regarding the company's financial performance for the year ended March 31, 2026. The data provides context for the ongoing business operations.

Voting and Logistics

Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026 (both days inclusive). This closure is for taking the record of members for the Annual General Meeting.

Shareholders holding securities in demat mode can vote through their depository participants or directly via the NSDL e-voting system. The company has appointed Mrs. Mansi Chokshi, a Practicing Company Secretary, as the scrutinizer for the e-voting process.

Multiplus Holdings reported a net profit of ₹38.02 crore for the first quarter ended June 30, 2026, up 14.9% from ₹33.08 crore in Q1FY25. The Mumbai-based company’s revenue from operations grew 5.6% year-on-year to ₹44.20 crore, supported by disciplined cost management that saw total expenses fall nearly 30% compared to the prior year.

The Board of Directors approved the unaudited financial results at a meeting held on August 14, 2026. The results were reviewed by the statutory auditors, D G M S & Co., who issued a limited review report stating that nothing came to their attention to suggest material misstatement.

Financial Performance

Revenue from operations increased to ₹44.20 crore in Q1FY26 from ₹41.86 crore in the corresponding period of FY25. On a quarterly basis, revenue also rose 4.0% from ₹42.48 crore in Q4FY25.

Total expenses contracted sharply to ₹6.19 crore in Q1FY26, down from ₹8.78 crore in Q1FY25. This decline was primarily driven by a reduction in other administrative expenses, which fell to ₹4.44 crore from ₹7.13 crore year-on-year. Employee benefit expenses remained relatively stable at ₹1.74 crore, up slightly from ₹1.65 crore in Q1FY25.

Profit before tax stood at ₹38.02 crore, matching the net profit figure as no tax expense was recorded for the quarter. Provision for taxation is expected to be made at year-end, as per company disclosures.

What the Numbers Show

The divergence between top-line growth and bottom-line expansion highlights improved operational efficiency. While revenue grew by just over 5%, net profit accelerated at nearly 15%. This was largely enabled by the 29.6% drop in total expenses, particularly in administrative costs, which suggests effective overhead control or one-time cost adjustments in the prior year comparison period. The absence of financial costs (₹0.00 crore vs ₹0.00 crore YoY) indicates a debt-light or cash-positive stance during the quarter.

Comprehensive Income

Total comprehensive income for the period reached ₹40.05 crore, including other comprehensive income of ₹2.03 crore. This compares to ₹34.91 crore in Q1FY25. Earnings per share (basic and diluted) rose to ₹2.02 from ₹1.76 in the previous year’s quarter.

The company operates in a single segment, making segment reporting inapplicable. The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI Listing Obligations regulations.