Nutech Global has re-appointed Rajeev Mukhija as managing director for a three-year term. The appointment takes effect on January 1, 2027, and runs through December 31, 2029.

The board of directors approved the move during a meeting held on August 31, 2026. The decision requires shareholder approval at the ensuing annual general meeting.

Appointment Details

The re-appointment follows the expiration of Mukhija’s previous term, which ended on December 31, 2026. He was initially appointed for a three-year period starting January 1, 2024.

The nomination and remuneration committee recommended the re-appointment. The terms include remuneration, perquisites, and other benefits. The package also covers remuneration payable in the event of loss or inadequacy of profits during the tenure.

Profile and Governance

Mukhija brings over 35 years of experience in the textile industry. He is the son of Shyam Sunder Mukhija, the company’s promoter and non-executive director.

The disclosure confirms that Mukhija is not debarred from holding office by SEBI or any other authority. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Nutech Global reported a net loss of ₹9.84 lakh for the quarter ended June 30, 2026, narrowing from a loss of ₹13.64 lakh in the corresponding period of the previous year. The improvement was primarily driven by a significant rise in other income, which surged to ₹1,071.82 lakh from ₹756.34 lakh in Q1FY25. Total income stood at ₹1,071.82 lakh, while total expenses increased to ₹1,072.63 lakh from ₹756.34 lakh. Alongside the financial results, the Board of Directors appointed Rohan Mukhija as an Additional Director and Whole-time Director, effective August 8, 2026.

The appointment of Rohan Mukhija is subject to shareholder approval at the ensuing General Meeting. Mukhija, son of Managing Director Rajeev Mukhija, brings over 10 years of experience in the textile industry, including tenures at Breakbounce India Limited and Sangam India Limited. He holds a Bachelor’s degree in Business Finance from Durham University and a postgraduate degree in Accounting and Finance from the London School of Economics and Political Science. The Board confirmed that he is not debarred from holding office by any SEBI order or other authority.

Financial Performance

The company’s unaudited financial results for Q1FY26 were reviewed by Deepak Agal & Company Chartered Accountants, the statutory auditors, who issued an unqualified limited review report. The results were prepared in accordance with Ind AS 34 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Audit Committee recommended the results, which were approved by the Board of Directors at its meeting held on August 8, 2026.

Total income increased to ₹1,071.82 lakh from ₹756.34 lakh in the corresponding quarter of the previous year. This growth was largely attributed to higher other income, which rose to ₹1,071.82 lakh from ₹756.34 lakh. Expenses also saw a significant increase, rising to ₹1,072.63 lakh from ₹756.34 lakh. Key expense components included purchases of stock-in-trade at ₹173.43 lakh and changes in inventories at ₹741.29 lakh. Employee benefit expenses decreased to (₹77.48 lakh) compared to (₹18.48 lakh) in Q1FY25, indicating a reduction in costs or accounting adjustments. Finance costs remained relatively stable at ₹52.10 lakh.

What the Numbers Show

The narrowing of the net loss from ₹13.64 lakh to ₹9.84 lakh suggests improved operational efficiency or better management of non-operating items, despite the increase in total expenses. The significant rise in other income, which constitutes the bulk of total income, highlights its critical role in the company’s current financial structure. However, with revenue from operations not distinctly separated in the provided summary lines, the core business performance remains obscured by the dominance of other income. Investors should monitor whether this trend in other income is sustainable or if it masks underlying operational challenges in the textile segment.