Mena Mani Industries Reports Q3FY26 Financial Results Under Regulation 33

2 min read     Updated on 15 Feb 2026, 12:06 AM
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Overview

Mena Mani Industries announced Q3FY26 financial results showing revenue growth of 23.3% to ₹598.66 lakhs compared to ₹485.39 lakhs in Q3FY25, while profit declined significantly to ₹2.72 lakhs from ₹19.24 lakhs. The nine-month performance demonstrated strong revenue growth of 70.5% to ₹1,224.94 lakhs, though profitability remained under pressure with earnings per share at ₹0.00 for the quarter.

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Mena Mani Industries Limited has announced its unaudited standalone financial results for the quarter ended December 31, 2025. The Board of Directors approved these results during their meeting held on February 14, 2026, from 5:00 p.m. to 6:20 p.m. at the company's registered office in Ahmedabad, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Quarterly Financial Performance

The company's financial performance for Q3FY26 showed mixed results compared to the corresponding period in the previous year. Revenue from operations demonstrated strong growth, while profitability faced challenges during the quarter.

Metric: Q3FY26 Q2FY26 Q3FY25 Change (YoY)
Revenue from Operations: ₹598.66 lakhs ₹213.51 lakhs ₹485.39 lakhs +23.3%
Total Revenue: ₹598.66 lakhs ₹213.51 lakhs ₹502.89 lakhs +19.0%
Total Expenses: ₹595.94 lakhs ₹220.27 lakhs ₹483.65 lakhs +23.2%
Profit Before Tax: ₹2.72 lakhs (₹6.76 lakhs) ₹19.24 lakhs -85.9%
Profit for the Period: ₹2.72 lakhs (₹6.76 lakhs) ₹19.24 lakhs -85.9%

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company's performance showed resilience with improved operational metrics compared to the same period in the previous year.

Parameter: 9M FY26 9M FY25 Change (%)
Revenue from Operations: ₹1,224.94 lakhs ₹718.46 lakhs +70.5%
Total Revenue: ₹1,224.94 lakhs ₹791.46 lakhs +54.8%
Total Expenses: ₹1,213.04 lakhs ₹731.30 lakhs +65.9%
Profit Before Tax: ₹11.90 lakhs ₹60.16 lakhs -80.2%
Profit for the Period: ₹11.90 lakhs ₹60.16 lakhs -80.2%

Expense Breakdown

The company's expense structure for Q3FY26 was primarily driven by material costs and operational expenses. Purchase of stock-in-trade constituted the largest expense component at ₹589.80 lakhs, compared to ₹435.61 lakhs in Q3FY25. Employee benefits expense increased to ₹2.25 lakhs versus ₹1.80 lakhs in the corresponding quarter of the previous year.

Depreciation and amortization expense decreased to ₹2.86 lakhs in Q3FY26 from ₹4.15 lakhs in Q3FY25. Other expenses were recorded at ₹8.28 lakhs compared to ₹19.83 lakhs in the same quarter last year, indicating improved cost management in certain operational areas.

Earnings Per Share

The company's earnings per share (EPS) for Q3FY26 was ₹0.00 on both basic and diluted basis, compared to ₹0.02 in Q3FY25. The paid-up equity share capital remained constant at ₹1,003.47 lakhs with a face value of ₹1.00 per share throughout the reporting periods.

Regulatory Compliance and Governance

The financial results were prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. The statutory auditors N.S. Nanavati & Co., Chartered Accountants, conducted a limited review of the results as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The results were reviewed by the Audit Committee before being approved by the Board of Directors. Managing Director Swetank M. Patel (DIN: 00116551) digitally signed the regulatory filing submitted to BSE Limited under scrip code MENAMANI.

Mena Mani Industries Completes Rs. 14.89 Crore Preferential Allotment to 26 Investors

2 min read     Updated on 10 Dec 2025, 04:51 PM
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Overview

Mena Mani Industries has successfully executed its Rs. 14.89 crore preferential allotment plan, issuing 1,86,09,957 equity shares to 26 non-promoter investors at Rs. 8 per share. The allotment, approved unanimously at the December 31 EGM, includes major allocations to Kamikaze Tradecom LLP (4.27% stake) and Mohammad Naushad Shaikh (3.53% stake), strengthening the company's capital base for working capital and strategic acquisitions.

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Mena Mani Industries Limited has successfully completed its preferential allotment of 1,86,09,957 equity shares worth Rs. 14.89 crore to 26 non-promoter investors following unanimous shareholder approval at the Extraordinary General Meeting held on December 31, 2025. The company disclosed the allotment details under Regulation 30 of SEBI (LODR) Regulations, 2015.

Allotment Structure and Pricing

The preferential allotment involved equity shares with a face value of Re. 1 each, issued at Rs. 8 per share (including a premium of Rs. 7 per share). The allotment was made for both cash and non-cash considerations as part of the company's strategic fundraising plan.

Allotment Details: Specifications
Total Shares Allotted: 1,86,09,957 equity shares
Face Value: Re. 1 per share
Issue Price: Rs. 8 per share
Premium: Rs. 7 per share
Total Amount: Rs. 14,88,79,656

Major Investor Allocations

The allotment was distributed among 26 non-promoter investors, with Core Inc. receiving the largest allocation of 25,00,000 shares (2.10% post-allotment holding). Other significant allocations included Kamikaze Tradecom LLP with 50,78,124 shares (4.27% holding) and Mohammad Naushad Shaikh with 42,00,827 shares (3.53% holding).

Top Investors: Shares Allotted Post-Allotment %
Kamikaze Tradecom LLP: 50,78,124 4.27%
Mohammad Naushad Shaikh: 42,00,827 3.53%
Core Inc.: 25,00,000 2.10%
Abdul Memon: 12,31,006 1.03%
Sixer Infotech India Pvt Ltd: 6,25,000 0.53%

EGM Approval and Voting Results

The Extraordinary General Meeting conducted through video conferencing from 5:36 PM to 5:42 PM witnessed strong shareholder support. The scrutinizer's report by Chintan K. Patel revealed unanimous approval across all three special resolutions with 5,45,86,369 votes in favour and zero votes against.

EGM Voting Summary: Details
Total Shareholders on Record: 5,994
Record Date: December 24, 2025
Voting Participation: 54.40% of outstanding shares
Promoter Group Participation: 87.86%
Public Participation: 23.10%

Strategic Impact and Shareholding Changes

Most allottees were new investors with no prior shareholding in the company, except Mukesh Parbatbhai Patel and Jolly Mukeshbhai Patel who increased their existing holdings. The preferential allotment forms part of the company's dual-purpose strategy combining cash infusion for working capital requirements and strategic acquisition plans.

Investor Categories: Pre-Allotment Shares Post-Allotment Shares Change
Promoter and Promoter Group: 4,84,94,710 - Diluted
Public - Non Institutions: 5,18,52,280 - Increased
New Investors: 0 1,86,09,957 New Entry

Regulatory Compliance and Next Steps

The allotment disclosure was made under SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full regulatory compliance. The successful completion of this preferential allotment strengthens the company's capital base and positions it for executing its strategic plans including the proposed acquisition of JKV Solutions Limited.

The company's Managing Director Swetank M. Patel (DIN: 00116551) signed the regulatory disclosure, confirming the completion of all allotment formalities and the commencement of the company's expanded shareholder base with 26 new non-promoter investors.

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