Mindteck (India) Limited , a global engineering and technology solutions company, has announced its unaudited financial results for the second quarter ended September 30, 2025. The company, known for its expertise in storage, medical devices, semiconductors, and analytical instruments, demonstrated resilience in a challenging market environment.

Financial Highlights

Consolidated Performance

• Consolidated Revenue: Rs 101.63 crore for Q2 FY2026, compared to Rs 101.30 crore in Q1 FY2026 and Rs 108.23 crore in Q2 FY2025.
• Consolidated Net Profit: Rs 7.56 crore for Q2 FY2026, versus Rs 8.75 crore in Q1 FY2026 and Rs 7.57 crore in Q2 FY2025.

Half-Year Performance

For the six months ended September 30, 2025:

• Consolidated revenue stood at Rs 202.93 crore, down from Rs 216.38 crore in the same period last year.
• Consolidated profit increased by 16.9% to Rs 16.31 crore, up from Rs 13.95 crore in the previous year.
• Basic Earnings Per Share (EPS) reached Rs 5.10, compared to Rs 4.40 in the same period last year.

Standalone Performance

Quarterly Results

• Revenue: Rs 39.15 crore in Q2 FY2026, up from Rs 35.15 crore in Q1 FY2026 and relatively stable compared to Rs 39.17 crore in Q2 FY2025.
• Net Profit: Rs 5.38 crore in Q2 FY2026, showing improvement from Rs 4.66 crore in Q1 FY2026 and Rs 4.41 crore in Q2 FY2025.

Half-Year Results

• Revenue decreased to Rs 74.30 crore from Rs 80.61 crore in the previous year.
• Profit increased by 21.4% to Rs 10.04 crore, up from Rs 8.27 crore.
• Basic EPS for the half-year was Rs 3.14, up from Rs 2.60 in the same period last year.

Management Commentary

Yusuf Lanewala, Chairman and Managing Director of Mindteck, commented on the company's performance:

"During the year, we experienced leadership transitions with the departure of the Chief Executive Officer (CEO) and Chief Sales Officer (CSO). A comprehensive transition plan was swiftly implemented to ensure seamless continuity across operations and ongoing customer engagements. Mindteck has continued to strengthen its leadership, reinforcing stability and long-term strategic direction."

Lanewala further added, "Mindteck remained committed to enhancing profitability and operational discipline. Focused initiatives were undertaken to streamline costs, improve efficiency, and optimize resource deployment. At the same time, we concentrated on expanding higher-margin revenue streams, balancing growth with sustained value creation. These combined efforts have positioned the Company for profitable performance and resilient growth."

Company Overview

Mindteck is a global engineering and technology solutions company that helps clients compete, innovate, and advance in the digital landscape. The company's expertise spans embedded systems, enterprise applications, and testing, complemented by competencies in digital engineering, including cloud, IoT, cybersecurity, and data engineering services such as AI/ML and analytics.

Established in 1991, Mindteck serves a diverse clientele including Fortune 1000 companies, start-ups, leading universities, and government entities. The company maintains a global presence with offices in India, United States, Canada, Singapore, Malaysia, Bahrain, Germany, and the United Kingdom. Its development centers in Kolkata and Bengaluru, India, adhere to ISO International standards for QMS & ISMS and utilize CMMI version 2.0 DEV & SVC framework for high maturity engineering and support processes.

As Mindteck navigates through leadership changes and market challenges, its focus on operational efficiency and high-margin revenue streams appears to be yielding positive results, as evidenced by the improved profitability in the latest financial results.

Mindteck (India) Limited, a global technology company, has announced a significant change in its leadership structure following a recent shareholder vote. The company's shareholders have overwhelmingly approved the appointment and remuneration of Mr. Yusuf Lanewala as the new Chairman and Managing Director.

Shareholder Approval Details

The special resolution for Mr. Lanewala's appointment was passed through a postal ballot and e-voting process, which concluded on September 19, 2025. The voting results were impressive:

• Total Votes in Favor: 23,399,247 (99.99%)
• Votes Against: 2,976 (0.01%)
• Total Votes Polled: 23,402,223

Voting Process and Participation

The voting process was conducted entirely through electronic means, adhering to modern corporate governance practices. Key points of the voting process include:

• Record Date: August 15, 2025
• Total Shareholders: 32,781 on the record date
• Participating Shareholders: 152
• Voting Method: Remote e-voting system

Scrutinizer's Report

The voting process was overseen by Mr. Gopalakrishnaraj H H, a qualified Company Secretary, who served as the scrutinizer. His report confirmed that the resolution secured the requisite majority and recommended it be considered passed.

Breakdown of Votes

The voting results showed strong support across different shareholder categories:

Company's Response

Mindteck (India) Limited has stated that the voting results and the scrutinizer's report will be made available on the company's website at www.mindteck.com for transparency and easy access to all stakeholders.

About the Appointment

Mr. Yusuf Lanewala (DIN: 01770426) has been appointed as the Chairman and Managing Director of Mindteck (India) Limited. This appointment represents a significant leadership change for the company, which specializes in providing technology solutions globally.

The overwhelming support from shareholders indicates a strong vote of confidence in Mr. Lanewala's leadership and the future direction of the company under his guidance.

Mindteck (India) Limited continues to position itself as a key player in the technology sector, with this leadership change potentially signaling new strategic directions for the company.