MSL Global Limited (formerly Madhusudan Securities Limited) has announced its quarterly results for the quarter ended December 31, 2025, under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company reported a remarkable turnaround with a net profit of ₹425.75 lakhs compared to a loss of ₹3.36 lakhs in the corresponding quarter of the previous year.

Board Meeting and Regulatory Compliance

The Board of Directors, led by Chairman and Managing Director Salim Pyarali Govani, approved the unaudited financial results at their meeting held on February 13, 2026. The meeting commenced at 4:00 PM and concluded at 5:30 PM. The results were reviewed by the Audit Committee and received a limited review report from statutory auditors S.V. Bhat & Co., Chartered Accountants, confirming compliance with applicable accounting standards and regulatory requirements.

Financial Performance Overview

The company's standalone financial results demonstrate exceptional performance across key metrics:

Revenue Analysis

The company's total income for Q3 FY26 reached ₹513.10 lakhs, representing a substantial increase from ₹1.52 lakhs in Q3 FY25. This growth was primarily attributed to other operating income of ₹513.10 lakhs, while net sales from operations remained minimal at ₹0.00 lakhs. The company's business model focuses on trading in securities, which explains the revenue structure.

Nine-Month Performance

For the nine months ended December 31, 2025, MSL Global Limited reported strong performance:

Consolidated Results

The consolidated financial results show the company's expanded operations including its subsidiary and associate companies. The consolidated net profit for Q3 FY26 stood at ₹367.38 lakhs compared to a loss of ₹17.91 lakhs in Q3 FY25. The company has acquired more than 51% holding of Compliance Kart Private Limited, with statutory formalities under progress.

Tax Provisions and Capital Structure

MSL Global Limited provided ₹79.00 lakhs for current tax in Q3 FY26, reflecting the company's return to profitability. The paid-up equity share capital increased to ₹2,141.95 lakhs as of December 31, 2025, compared to ₹1,109.55 lakhs in the previous year, indicating capital expansion activities.

Expenditure Management

The company maintained controlled expenditure levels with total expenses of ₹8.35 lakhs in Q3 FY26. Employee benefit expenses stood at ₹1.83 lakhs, while other expenses amounted to ₹6.52 lakhs. The company reported no depreciation and amortization expenses during the quarter, demonstrating efficient cost management.

Madhusudan Securities (formerly known as Madhusudan Securities Limited) has announced a significant change in its top leadership, appointing Vishwanatha Srinivas as the new Chief Financial Officer (CFO) effective December 9, 2025. This appointment comes following the resignation of Sausan Bukhari from the CFO position.

Leadership Transition

The company disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The change in leadership is summarized in the following table:

Reasons for the Change

Sausan Bukhari, the outgoing CFO, has decided to step down from her role to focus on broader strategic initiatives. According to the company's statement, Bukhari will:

• Step away from day-to-day operational responsibilities
• Concentrate on the company's broader strategic direction
• Focus on governance and long-term planning as a board member

This move suggests a strategic shift in the company's leadership structure, potentially aimed at strengthening its long-term planning and corporate governance.

New CFO Profile

Vishwanatha Srinivas, the incoming CFO, brings a wealth of experience to Madhusudan Securities. Key points about Srinivas include:

• Over 20 years of experience in finance and related fields
• Expertise in finance, accounts, budgeting, taxation, insurance, and secretarial legal matters
• Proven track record in managing financial domains and contributing to company growth
• Previous experience with notable companies such as Punjab Chemicals & Crop Protection Ltd, UPL Limited, SRF Limited, and Samtel Color Ltd

Implications for Madhusudan Securities

The appointment of Vishwanatha Srinivas as CFO could signal several potential developments for Madhusudan Securities:

1. Enhanced financial strategy: Srinivas's extensive experience may bring new perspectives to the company's financial planning and execution.
2. Operational efficiency: His background in various financial domains could lead to improved operational processes and cost management.
3. Strategic growth: The combination of Bukhari's new focus on long-term strategy and Srinivas's financial acumen may position the company for strategic expansion or transformation.

This leadership change comes at a time when companies are increasingly focusing on strong financial management and strategic planning to navigate complex market conditions. Madhusudan Securities' decision to restructure its top leadership roles may be seen as a proactive step towards strengthening its market position and long-term sustainability.

Investors and market observers will likely be watching closely to see how this transition impacts Madhusudan Securities' financial performance and strategic direction in the coming quarters.