Nilkamal Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate was filed with both BSE Limited and National Stock Exchange of India Limited on April 6, 2026.

Regulatory Compliance Submission

The company's compliance officer, Sagar Mehta, submitted the mandatory certificate along with confirmation from MUFG Intime India Private Limited, the company's Registrar and Transfer Agent. This submission fulfills the quarterly reporting requirement under SEBI depositories regulations.

Registrar Confirmation Details

MUFG Intime India Private Limited provided confirmation dated April 4, 2026, certifying compliance with dematerialization processes during the quarter. The registrar confirmed that securities received from depository participants for dematerialization were properly processed and confirmed to depositories within prescribed timelines.

Stock Exchange Filing

The certificate was filed with both major Indian stock exchanges where Nilkamal shares are listed. The company trades under script code 523385 on BSE and symbol NILKAMAL on NSE.

Ashok Shetty, Senior Vice President-Corporate Registry at MUFG Intime India Private Limited, signed the confirmation certificate, ensuring all dematerialization activities during the quarter complied with regulatory requirements and timelines.

Nilkamal Limited announced its Q3FY26 financial results following the Board of Directors meeting held on February 5, 2026, demonstrating strong operational performance with significant revenue growth and substantial EBITDA expansion across both business segments.

Board Meeting and Regulatory Compliance

The Board of Directors meeting commenced at 12:30 p.m. and concluded at 02:00 p.m. on February 5, 2026, where they approved and took on record the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025. The company confirmed that the Limited Review Report issued by Statutory Auditors carries an unmodified opinion, ensuring compliance with SEBI Listing Regulations.

Revenue Performance

The company achieved robust revenue growth in Q3FY26, with standalone revenue reaching ₹933 crores compared to ₹832 crores in Q3FY25. This represents a solid 12% year-on-year growth, reflecting strong market demand and effective business execution across segments.

EBITDA and Profitability Analysis

Nilkamal demonstrated exceptional operational efficiency with EBITDA performance showing remarkable improvement. The company reported EBITDA of ₹91 crores in Q3FY26 compared to ₹60 crores in Q3FY25, representing outstanding growth of 50%. However, profitability was impacted by exceptional items of ₹15.41 crores related to incremental provision for employee benefits under new labour codes.

Segment-wise Performance

The B2B segment achieved strong growth of 12% in value terms and 6% in volume terms, with revenue reaching ₹823 crores compared to ₹735 crores in Q3FY25. Within this segment, Material Handling Business grew by 6%, Mattress and Foam Business surged by 68%, Bubbleguard business expanded by 33%, and Furniture business increased by 16%.

Exceptional Items and Financial Position

The company recognized exceptional items of ₹15.41 crores during the quarter due to incremental provision for employee benefits under the new labour codes effective November 21, 2025. Despite this impact, the company maintained strong financial health with net borrowings reduced to ₹315 crores as of December 31, 2025, compared to ₹349 crores in the previous year. Capital expenditure for Q3FY26 stood at ₹30 crores, down from ₹42 crores in Q3FY25, while nine-month capex totaled ₹108 crores against ₹232 crores in the corresponding period last year.