MRF Limited has announced a board meeting scheduled for February 6, 2026, where directors will deliberate on key financial matters including quarterly results and dividend considerations. The tire manufacturing company communicated this development to stock exchanges through an official notice dated January 27, 2026.

Board Meeting Agenda

The upcoming board meeting will address two primary items of business that are significant for shareholders and market participants.

Dividend Timeline and Record Date

Should the board approve the second interim dividend declaration, MRF has established a clear timeline for shareholders. The company has designated February 13, 2026 as the record date for the second interim dividend payment. This record date will determine which shareholders are eligible to receive the dividend if declared by the board.

Trading Window Restrictions

In accordance with the company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons, MRF has implemented trading restrictions for insider personnel. The trading window closure affects designated persons and their immediate relatives, remaining in effect from January 1, 2026 to February 8, 2026, both days inclusive.

Corporate Communication

The announcement was formally communicated to both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited, ensuring compliance with regulatory disclosure requirements. Company Secretary S Dhanvanth Kumar signed the official communication, which referenced an earlier correspondence dated December 22, 2025.

This board meeting represents a routine quarterly review process where MRF will evaluate its financial performance for the third quarter of fiscal year 2026 and make decisions regarding shareholder returns through potential dividend distribution.

MRF , one of India's leading tyre manufacturers, has reported a robust performance in its latest quarterly results, showcasing growth in both profit and revenue. However, the company's stock outlook remains a point of contention among brokerages.

Financial Highlights

MRF's quarterly profit saw a significant jump of 11.7%, reaching ₹526.00 crore. The company's revenue also showed positive momentum, increasing by 7.2% to ₹7,379.00 crore. Notably, the EBITDA margin expanded to 15.3%, indicating improved operational efficiency.

In a move that may please shareholders, MRF has announced an interim dividend of ₹3.00 per share.

Brokerage Perspectives

Despite the strong financial performance, brokerage opinions on MRF's stock remain divided:

Kotak

• Maintains a 'sell' rating
• Cites rich valuations as a concern
• Raised target price to ₹1,27,500.00

CLSA

• Upgraded to 'outperform' rating
• New target price: ₹1,78,536.00
• Expects margin benefits from falling input costs

The contrasting views from these prominent brokerages highlight the complexity of MRF's market position and future prospects.

Market Implications

The divergent brokerage opinions present an interesting scenario for investors. While Kotak's 'sell' rating suggests caution due to high valuations, CLSA's optimistic outlook points to potential upside based on improving margins.

Investors may want to closely monitor MRF's ability to sustain its margin improvements, especially in light of the anticipated benefits from falling input costs. The company's performance in the coming quarters could be crucial in determining which brokerage's perspective proves more accurate.

As always, investors are advised to conduct their own research and consider their individual risk tolerance before making investment decisions based on these brokerage recommendations.