Mahindra EPC Irrigation Limited has announced the award of a significant contract worth ₹2.22 crores for supplying micro irrigation systems under a community micro irrigation project. Mahindra EPC Irrigation received the order on 12th March 2026 at around 3.35 p.m., marking a notable business development for the company.

Contract Details

The contract has been awarded by the Office of the Superintending Engineer, Micro Irrigation Project, for the supply of micro irrigation systems. This domestic contract falls under the company's core business operations in the irrigation sector.

Regulatory Compliance

The company has disclosed this contract award in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the requirements under Clause 08 of Para B of Part A of Schedule III of the SEBI regulations.

Key compliance aspects include:

• The contract is awarded to a domestic entity
• No promoter or group company interest in the awarding entity
• The transaction does not fall within related party transactions
• Full disclosure of commercial considerations and timeline

Business Implications

The contract represents approximately ₹2.22 crores in revenue potential for Mahindra EPC Irrigation Limited, excluding taxes. The project involves supplying micro irrigation systems, which aligns with the company's specialization in irrigation solutions and water management technologies.

The timeline of six months to twelve months from the date of handover of site provides a clear execution framework for the project. This contract award demonstrates the company's continued presence in the government and institutional irrigation projects sector, particularly in community-focused micro irrigation initiatives.

Mahindra EPC Irrigation Limited has announced its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, following the board meeting held on January 16, 2026, as previously scheduled.

Q3FY26 Financial Performance

The company demonstrated strong operational performance during the third quarter, with revenue from operations reaching ₹93.47 crores compared to ₹81.45 crores in the corresponding quarter of the previous year.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, the company showed substantial improvement across key financial parameters compared to the same period in the previous year.

Exceptional Items and Labour Code Impact

The company reported exceptional items worth ₹2.00 crores during the quarter, attributed to the implementation of new Labour Codes notified by the Government of India on November 21, 2025. These codes consolidate 29 existing labour laws and have resulted in an estimated incremental impact on retiral benefits.

Board Decisions and Appointments

During the board meeting, directors approved the reappointment of Mr. K N Vaidyanathan as Internal Auditor with effect from April 1, 2026, until May 5, 2026.

Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and approved by the Board of Directors following review by the Audit Committee. The unaudited results underwent limited review by statutory auditors B S R & Co. LLP, who expressed an unmodified review conclusion.

The board meeting commenced at 3:20 PM and concluded at 4:40 PM on January 16, 2026, with the results being uploaded on the company's website at www.mahindrairrigation.com in compliance with SEBI regulations.