Murudeshwar Ceramics Limited has submitted a regulatory disclosure to stock exchanges regarding the transmission of equity shares under SEBI takeover regulations. The company filed the disclosure on March 3, 2026, with both BSE Limited and National Stock Exchange of India Limited.

Share Transmission Details

The disclosure pertains to the transmission of 26,808 equity shares from Late Smt. Sudha Rama Shetty to her nominee Shri Naveen Rama Shetty following her demise. The transaction falls under the exemption provided in Regulation 10(1)(g) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Changes

The transmission resulted in changes to the shareholding pattern of the company. Shri Naveen Rama Shetty's stake in the company increased following the share transmission.

Regulatory Compliance

The company confirmed that no disclosure under Regulation 10(5) was required for this transaction. The share transmission was processed as per the prescribed format under SEBI regulations, with proper documentation submitted to both stock exchanges where the company's shares are listed.

The disclosure was signed by Shri Satish Rama Shetty, Chairman & Managing Director and Promoter of Murudeshwar Ceramics Limited, and countersigned by Ashok Kumar, Company Secretary & Compliance Officer. The company maintains its registered office at Murudeshwar Bhavan, Gokul Road, Hubli, Karnataka.

Murudeshwar Ceramics Limited has delivered impressive financial performance for the quarter ended December 31, 2025, with net profit surging 164% year-on-year. The ceramics manufacturer's Board of Directors approved the unaudited standalone and consolidated financial results during their meeting held on February 13, 2026.

Regulatory Compliance and Board Meeting

The company announced its Q3FY26 quarterly results under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board Meeting commenced at 11:30 a.m. and concluded at 3:25 p.m. on February 13, 2026.

Strong Quarterly Performance

The company demonstrated robust profitability improvement in Q3FY26, with key financial metrics showing substantial growth across multiple parameters.

The significant improvement in profitability was driven by better cost management and operational efficiency. Other income increased substantially to ₹403.82 lakhs from ₹12.10 lakhs in the previous year quarter, contributing to the overall income growth.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Murudeshwar Ceramics maintained its growth trajectory with consistent improvements across key financial parameters.

Auditor Review and Compliance

The financial results were reviewed by K.G. Rao & Co., Chartered Accountants, who provided Limited Review Reports for both standalone and consolidated results. The auditors confirmed that the results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and comply with SEBI regulations.

Segment-wise Revenue Performance

The company operates through two primary business segments, both contributing to the overall revenue growth during the quarter.

While the products segment showed strong growth of 16.4%, the services segment experienced a decline of 27.4% compared to the previous year quarter.

Consolidated Results and Associate Impact

On a consolidated basis, which includes the company's associate RNS Power Limited, Murudeshwar Ceramics reported net profit of ₹409.40 lakhs for Q3FY26 compared to ₹167.17 lakhs in Q3FY25. The consolidated results include the company's share of net loss of ₹59.04 lakhs from RNS Power Limited for the quarter.

The company maintains a stable capital structure with paid-up equity share capital of ₹6,054.53 lakhs and reserves excluding revaluation reserve of ₹31,092.29 lakhs as of December 31, 2025. The company continues to maintain its ISO 9001-2008 certification and operates from its registered office in Hubli and corporate office in Bengaluru.