MSL Global Limited , formerly known as Madhusudan Securities Limited, has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding the acquisition of equity shares by promoter group member Salim Pyarali Govani and Persons Acting in Concert (PAC).

Share Acquisition Details

The transaction involved the purchase of 1,10,000 equity shares of ₹10 each, representing 0.51% of the company's paid-up share capital. The shares were acquired through open market transactions on February 19, 2026.

Shareholding Pattern Changes

The acquisition resulted in changes to the shareholding pattern of the promoter group and PAC in MSL Global Limited.

Persons Acting in Concert

The disclosure identifies several entities as Persons Acting in Concert with the acquirer:

• Sausan Mohammedali Bukhari
• Foresight Holdings Private Limited
• Indusage Advisors Limited
• Growsafe Securities Private Limited
• Mishal Salim Govani
• Sonia Salim Govani
• Aimann Salim Govani

Regulatory Compliance

The company has submitted the required disclosure to BSE Limited in compliance with SEBI regulations for substantial acquisition of shares. The disclosure was signed by Managing Director Salim Pyarali Govani on behalf of MSL Global Limited on February 20, 2026. The company's shares are listed on the Bombay Stock Exchange, and the acquirer belongs to the promoter group category.

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.