Mega nirman & industries Limited delivered impressive financial performance in Q3FY26, with the Board of Directors approving the unaudited financial results for the quarter ended December 31, 2025, during their meeting held on January 20, 2026.

Strong Financial Performance in Q3FY26

The company demonstrated robust growth across key financial metrics during the third quarter. Net profit surged dramatically to ₹36.08 lacs compared to ₹10.67 lacs in the same quarter of the previous year, marking a remarkable 238% year-on-year increase. This strong profitability was supported by healthy revenue growth and improved operational efficiency.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, the company maintained its growth trajectory with total revenue reaching ₹1,209.01 lacs compared to ₹561.16 lacs in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹8.96 lacs versus ₹3.08 lacs in the previous year, reflecting consistent operational improvements throughout the fiscal year.

Board Approvals and Corporate Actions

The Board meeting on January 20, 2026, addressed several important corporate governance matters. Key approvals included the conduct of postal ballot through e-voting on critical resolutions covering statutory auditor appointment to fill casual vacancy, enhancement of borrowing limits under Section 180(1)(c) of the Companies Act 2013, and approval for loans, investments, and guarantees under Section 186.

Fund Utilization Report

The company reported complete utilization of ₹25.08 crores raised through preferential issues during the quarter ended September 30, 2025, with no deviation from stated objectives. The funds were allocated for working capital requirements, capital expenditure, and general corporate purposes as originally planned. The preferential issue involved allotment of 2.23 crore equity shares through warrant conversion on July 7, July 25, and August 6, 2025.

Operational Highlights

The financial results showed improved cost management with total expenses of ₹627.29 lacs in Q3FY26 compared to ₹519.38 lacs in the corresponding quarter of the previous year. Employee benefits expense increased to ₹22.84 lacs from ₹11.84 lacs, reflecting business expansion activities. Finance costs remained minimal at ₹0.18 lacs, indicating efficient capital structure management.

The company's paid-up equity share capital stood at ₹2,564.75 lacs as of December 31, 2025, significantly higher than ₹334.75 lacs in the previous year, reflecting the capital infusion through preferential issues. The results were subject to limited review by statutory auditors and received approval from the Audit Committee before Board ratification.

Mega Nirman & Industries Limited has submitted a revised outcome of its board meeting to BSE Limited, correcting an inadvertent error in the previously communicated board meeting date. The company filed this correction under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on December 13, 2025.

Correction of Board Meeting Date

The company clarified that due to an inadvertent error, the date of the board meeting was incorrectly mentioned in the earlier intimation. The correct date of the board meeting is Friday, December 12, 2025, which commenced at 3:00 PM and concluded at 5:00 PM. Except for this date correction, all other contents of the earlier intimation remain unchanged.

Statutory Auditor Appointment Details

Based on the recommendations of the Audit Committee, the Board considered and approved the appointment of M/s. Krishan Rakesh & Co., Chartered Accountants (FRN: 009088N) as Statutory Auditors of the Company for the Financial Year 2025-26. This appointment is to fill the casual vacancy caused by the resignation of M/s. ANSK Associates, Chartered Accountants, with effect from December 12, 2025, subject to approval of shareholders in the ensuing General Meeting.

About the New Auditor

Krishan Rakesh & Co. is a Chartered Accountancy firm established in 1989, registered with the ICAI and holding a valid Peer Review Certificate No. 016602 (valid up to April 30, 2027). The firm offers comprehensive Audit, Taxation and Corporate Advisory services, specializing in statutory internal audits, direct indirect tax, GST, transfer pricing, and financial restructuring.

With a team of experienced professionals, they serve clients across multiple industries in India and abroad. The firm is known for their personalized approach, strong technical expertise, and commitment to quality.

Regulatory Compliance

The company has fulfilled its disclosure obligations by providing detailed information as required under Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Company Secretary and Compliance Officer Kanika Chawla has signed the official communication to the stock exchange.