Madhucon Projects Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing a significant operational turnaround. The company's Board of Directors approved these results during their 614th meeting held on February 7, 2026.

Strong Quarterly Performance Recovery

The company demonstrated remarkable improvement in its standalone quarterly performance. Net profit surged to ₹539.22 lakhs in Q3FY26 compared to a loss of ₹295.60 lakhs in the corresponding quarter of the previous year, marking a substantial turnaround.

Nine-Month Period Shows Positive Momentum

For the nine months ended December 31, 2025, the company achieved a net profit of ₹1,022.64 lakhs, a significant improvement from the loss of ₹1,047.85 lakhs in the corresponding period of FY25. However, revenue from operations declined to ₹36,029.96 lakhs from ₹46,266.19 lakhs in the previous year.

Operational Efficiency Improvements

The company's cost management initiatives showed positive results during the quarter. Cost of materials consumed decreased to ₹7,191.92 lakhs in Q3FY26 from ₹10,437.72 lakhs in Q3FY25. Employee benefits expense also declined to ₹297.96 lakhs from ₹365.43 lakhs year-over-year.

Other income contributed significantly to the improved performance, reaching ₹5,034.62 lakhs in Q3FY26 compared to ₹3,522.67 lakhs in the previous year quarter.

Consolidated Results Reflect Challenges

While standalone results showed improvement, consolidated performance remained challenging. The consolidated net loss for Q3FY26 was ₹11,589.26 lakhs compared to ₹44,616.01 lakhs loss in Q3FY25. For the nine-month period, consolidated loss stood at ₹37,382.43 lakhs versus ₹46,179.02 lakhs in the previous year.

Board Meeting and Regulatory Compliance

The results were approved during the 614th Board of Directors meeting held on February 7, 2026. The meeting commenced at 11:00 AM and concluded at 4:30 PM, with the Board addressing various business agenda items alongside the financial results approval.

The results were prepared in accordance with Indian Accounting Standards under Section 133 of the Companies Act, 2013, and Regulation 33 of SEBI (LODR) Regulations, 2015. The statutory auditors submitted their limited review report on the unaudited financial results. The company maintains its paid-up equity share capital at ₹737.95 lakhs with a face value of ₹1 per share.

Madhucon Projects Limited has issued a clarification regarding the resignation of Independent Director Mrs. Ch. Lakshmi Kumari, responding to queries from BSE Limited about the directorship change announced in November 2025.

Board Acceptance and Timeline

The company confirmed that Mrs. Ch. Lakshmi Kumari's resignation was formally processed through proper corporate governance channels. The resignation details are summarized below:

The resignation letter was placed before the board at its 613th Board Meeting and was accepted and approved on November 8, 2025. The original announcement regarding this directorship change was submitted to the stock exchange on the same date.

Resignation Details and Compliance

Mrs. Kumari submitted her resignation letter directly to the Board of Directors, citing personal reasons for her departure. In her resignation communication dated November 8, 2025, she stated her decision to tender resignation "from the position of Directorship of the Company due to my preoccupations and personal reasons with immediate effect."

The company has confirmed full compliance with regulatory requirements regarding the directorship change:

• Mrs. Kumari is not holding any other directorships in other listed entities
• No material reasons exist beyond those provided under Regulation 30 of SEBI (LODR) Regulations, 2015
• Proper documentation has been submitted to relevant authorities

Regulatory Communication

The clarification was issued in response to an official email from BSE Limited dated December 15, 2025, requesting additional details about the Independent Director's resignation that was originally announced on November 8, 2025. Madhucon Projects Limited provided the complete resignation letter and board resolution details to ensure transparency and regulatory compliance.

The company's response, signed by Company Secretary and Compliance Officer D. Malla Reddy, included the original resignation letter as supporting documentation. This communication ensures that all stakeholders have complete information regarding the directorship change and the circumstances surrounding Mrs. Kumari's departure from the board.