Mold-Tek Technologies board has approved a preferential equity issue worth Rs 4.76 crore following its board meeting held on February 28, 2026. The meeting, which commenced at 09:30 AM and concluded at 12:40 PM, resulted in significant decisions regarding equity capital expansion and shareholder engagement.

Preferential Issue Details

The board approved the issuance of up to 2,90,000 equity shares with comprehensive terms and pricing structure:

Shareholding Impact

The preferential allotment will result in specific ownership changes for the identified investor:

Extraordinary General Meeting

Mold-Tek Technologies will convene an Extraordinary General Meeting on March 30, 2026, at 11:30 AM IST through video conference and other audio-visual means. The EGM will seek shareholder approval for the preferential equity issue in accordance with regulatory requirements.

Regulatory Compliance and Scrutinizer

The equity issuance will be conducted under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The board has appointed Mr. Ashish Kumar Gaggal (M. No. F6687 and CP No. 7321), Company Secretary in Practice, as the scrutinizer for the entire e-voting process, including both remote e-voting and e-voting during the EGM.

Corporate Governance

The board meeting outcome was communicated to stock exchanges in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure was signed by J. Lakshmana Rao, Chairman & Managing Director (DIN: 00649702), ensuring comprehensive regulatory compliance and market transparency.

Mold-tek technologies Limited delivered exceptional financial performance in Q3 FY26, with consolidated revenue surging 56.75% year-on-year to ₹5,266.70 lakhs compared to ₹3,359.89 lakhs in the corresponding quarter of the previous fiscal. The engineering services company, which specializes in civil and mechanical domains, announced these results following its board meeting held on February 12, 2026.

The company's profitability showed remarkable improvement with consolidated profit after tax jumping 617.54% to ₹388.85 lakhs from ₹54.19 lakhs in Q3 FY25. EBITDA increased substantially by 171.97% to ₹667.31 lakhs compared to ₹245.37 lakhs in the same quarter last year.

Quarterly Financial Performance

The strong performance was attributed to improved execution across US projects, rising order inflows, operational efficiencies, and initial contributions from the newly acquired Beryl Project Engineering LLC, whose revenues started consolidating from November 1, 2025.

On a sequential basis, consolidated revenue increased 30.91% from ₹4,023.10 lakhs in Q2 FY26, while PAT grew 20.20% from ₹323.52 lakhs in the previous quarter.

Standalone Results Show Strong Growth

The standalone financial results also demonstrated robust performance with revenue growing 22.64% year-on-year to ₹3,626.52 lakhs from ₹2,957.11 lakhs in Q3 FY25. Standalone profit after tax surged 670.14% to ₹361.89 lakhs compared to ₹46.99 lakhs in the corresponding quarter last year.

Beryl Acquisition Contributes to Growth

The company acquired Beryl Project Engineering LLC through its subsidiary Beryl Engineering Inc., effective November 1, 2025, with two months of financials consolidated in Q3 FY26. Beryl LLC contributed USD 1.39 million in revenue and USD 137,000 in PAT for the two months ending December 31, 2025. However, the subsidiary Beryl Inc. incurred one-time acquisition costs of USD 91,000 during the quarter.

Beryl brings 14 years of experience in providing residential engineering services in Florida, with a team of around 40 US employees. Following the acquisition, Mold-Tek started recruiting design engineers and drafters suitable for Beryl's operations to expand revenues and improve margins.

Management Commentary and Growth Strategy

During the earnings conference call held on February 12, 2026, Chairman and Managing Director J. Lakshmana Rao outlined the company's strategic vision for growth. He highlighted that the company is targeting ₹230-240 crores revenue next year, comprising ₹180 crores from standalone operations and approximately ₹60 crores from Beryl's USD 6-7 million contribution.

The management emphasized plans to leverage cost arbitrage by transferring Beryl's back-office work to India, potentially improving EBITDA margins from Beryl's current 8-10% to 30-35%. The company is also downsizing its automotive team from 160 to 60 employees due to industry headwinds, while retraining staff for poles and towers division where demand is growing.

Operational Improvements and Future Outlook

The Civil and Structural Division is entering a strong recovery phase, with orders on hand increasing from USD 2.71 million to USD 4.50 million. Key growth drivers include design-led capabilities, rising demand for Pre-Engineered Metal Buildings (PEMB), and resumption of deferred projects across industrial, commercial, and infrastructure segments.

For the Mechanical Engineering Services division, the company recently signed a Master Service Agreement with a leading Plant Engineering Services company to provide on-site engineers for three years, with revenues expected to improve performance from Q1 FY27.

Regulatory Compliance and Publication

The unaudited financial results were approved by the board of directors at their meeting held on February 12, 2026, and have been filed with BSE Limited and National Stock Exchange of India Limited under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the statutory auditors Praturi & Sriram, Chartered Accountants, who issued limited review reports for both standalone and consolidated financial statements.

Pursuant to Regulation 30 and Regulation 47 of SEBI regulations, the company published its unaudited financial results in Financial Express (English) and Nava Telangana (Telugu) newspapers on February 13, 2026. The earnings conference call transcript was also filed with stock exchanges on February 17, 2026, providing detailed insights into the company's strategic direction and growth plans.