Meera Industries Reports Q1 FY2026 Results, Merges Divisions and Appoints Secretarial Auditors

Meera Industries Limited , a leading manufacturer in the textile machinery sector, has announced its financial results for the first quarter of fiscal year 2026, along with several key corporate decisions.

Financial Performance

For the quarter ended June 30, 2025, Meera Industries reported the following consolidated results:

On a standalone basis, the company's revenue stood at ₹948.15 lakhs with a net profit of ₹64.78 lakhs for the same period.

Divisional Restructuring

In a strategic move, Meera Industries has merged its Plastic Division and Yarn Division, renaming the combined entity as 'Plastic Division'. This restructuring is expected to streamline operations and potentially improve efficiency.

Corporate Governance

The Board of Directors has made several key decisions to enhance corporate governance:

1. Appointment of Secretarial Auditors: M/s Chirag Shah & Associates, Practicing Company Secretaries, have been appointed as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval.

2. Annual General Meeting: The 19th Annual General Meeting is scheduled for September 11, 2025, to be held via video conferencing.

3. Book Closure: The Register of Members and Share Transfer books will remain closed from September 4-11, 2025, for AGM purposes.

4. Director Reappointment: The board has recommended the reappointment of Mrs. Bijal Desai, who retires by rotation.

The company's focus on corporate governance and strategic restructuring, coupled with its financial performance, positions Meera Industries to navigate the evolving business landscape in the textile machinery sector.