Mahalaxmi Rubtech Limited (MRT), a company specializing in offset printing blankets and technical coated fabrics, has announced the resignation of its Chief Financial Officer (CFO), Rajendra Ratanchand Mehta. The company disclosed this information in a regulatory filing to the stock exchanges on October 10, 2025.

Key Details of the Resignation

Transition Process

Mehta has expressed his commitment to ensuring a proper transition and handover of his duties. In his resignation letter, he stated, "I am fully committed to ensure there is a proper transition and handover." This commitment suggests that the company is likely to have a smooth transition period as it searches for a new CFO.

Company's Response

The company's board, represented by Chairman Jeetmal B. Parekh (DIN: 00512415), has accepted Mehta's resignation. In compliance with regulatory requirements, Mahalaxmi Rubtech Limited has promptly informed the stock exchanges about this development.

Impact and Next Steps

While the departure of a key executive like the CFO can potentially impact a company's financial strategy and operations, Mahalaxmi Rubtech Limited has not provided any immediate information regarding a successor or interim arrangements.

The company's proactive disclosure and the CFO's commitment to a smooth transition suggest that Mahalaxmi Rubtech Limited is taking steps to manage this change in leadership effectively. However, as with any significant personnel change at the executive level, it will be important to monitor how this transition affects the company's financial management and reporting processes in the short to medium term.

Mahalaxmi Rubtech Limited continues to operate its business in the specialized sectors of offset printing blankets and technical coated fabrics.

Mahalaxmi Rubtech Limited , a leading manufacturer of offset printing blankets and technical coated fabrics, has reported a significant increase in its financial performance for the first quarter ended June 30, 2025. The company's unaudited financial results, approved by the Board of Directors on August 12, 2025, showcase robust growth across key financial metrics.

Financial Highlights

Mahalaxmi Rubtech Limited has demonstrated strong financial performance in the first quarter of the fiscal year 2025-26. The company's revenue from operations surged to ₹2,505.46 crore, marking a 21.62% increase from ₹2,060.11 crore in the corresponding quarter of the previous year.

The company's profitability showed even more impressive growth. Profit before tax rose by 58.35% to ₹622.87 crore, compared to ₹393.35 crore in the same period last year. Net profit for the quarter stood at ₹443.92 crore, a substantial 36.21% increase from ₹325.90 crore in Q1 FY2024-25.

Earnings Per Share and Comprehensive Income

The company's basic earnings per share (EPS) improved to ₹4.18 from ₹3.07 in the corresponding quarter, reflecting a 36.16% increase. Total comprehensive income for the quarter reached ₹450.82 crore, up from ₹328.77 crore in the previous year, indicating a holistic improvement in the company's financial position.

Operational Performance

Mahalaxmi Rubtech operates in a single reportable segment, which includes offset printing blankets and technical coated fabrics. The company's strong performance suggests robust demand for its products and effective operational management.

Management Approval and Audit Review

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their meeting held on August 12, 2025. M/s. Jain Chowdhary & Co., Chartered Accountants, the statutory auditors of the company, have carried out a limited review of these financial results.

Conclusion

Mahalaxmi Rubtech Limited's impressive first-quarter results for FY2025-26 demonstrate the company's strong market position and operational efficiency. With significant growth in revenue and profitability, the company appears well-positioned for continued success in the offset printing blankets and technical coated fabrics sector.