MPDL Limited has announced the appointment of Sandeep Kumar as an Additional Director in the capacity of Non-Executive Independent Director. The appointment, approved by the company's Board of Directors, is for a term of five years starting from November 13, 2025, subject to shareholder approval.

Key Appointment Details

• Appointee: Sandeep Kumar
• Position: Additional Director (Non-Executive Independent Director)
• Term: 5 years (starting November 13, 2025)
• Approval Status: Board approved, subject to shareholder approval

Professional Background

Sandeep Kumar brings over 11 years of post-qualification experience as a Company Secretary to MPDL Limited. His expertise spans corporate secretarial, legal, and compliance functions across various organizations.

Career Highlights

Compliance and Disclosure

MPDL Limited has confirmed that Sandeep Kumar:

• Is not related to any other director on the company's Board
• Is not debarred from accessing the capital market
• Is not restrained from holding a directorship in any listed company by SEBI or any other authority

Corporate Governance Implications

The appointment of Sandeep Kumar as an Independent Director is a significant move for MPDL Limited, potentially strengthening its corporate governance structure. Independent directors play a crucial role in safeguarding the interests of all stakeholders, particularly minority shareholders, and in ensuring transparency and accountability in corporate operations.

Shareholders will have the opportunity to vote on this appointment, as it remains subject to their approval. The company will likely provide further details on the voting process and timeline in due course.

MPDL Limited , a construction and development company, has announced its unaudited financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company reported a substantial increase in revenue, accompanied by a widening of losses compared to the same period last year.

Revenue Surge

MPDL Limited witnessed a remarkable growth in net sales, which rose to Rs 846.60 crore for the quarter, up from Rs 216.37 crore in the corresponding quarter of the previous year. This represents a year-on-year increase of approximately 291%.

Financial Performance

Despite the significant revenue growth, the company's bottom line remained under pressure. MPDL Limited reported a net loss of Rs 166.83 crore for the quarter, compared to a loss of Rs 44.77 crore in the same quarter last year.

The financial results for the quarter and half-year ended September 30, 2025, are summarized in the table below:

Operational Highlights

The company's primary focus remains on its project for the construction and development of a multistoried complex comprising retail shops and office space in Faridabad, Haryana, known as the M-1 Tower. MPDL Limited recognizes revenue based on the percentage of completion method, which may contribute to the fluctuations in reported revenue and profitability.

Balance Sheet Position

As of September 30, 2025, MPDL Limited's balance sheet showed:

• Total assets of Rs 1,412.13 crore
• Equity share capital remained unchanged at Rs 74.13 crore
• Current assets, including inventories and receivables, stood at Rs 1,000.80 crore

Looking Ahead

The significant increase in revenue suggests potential progress in the company's ongoing projects. However, the widening losses indicate that MPDL Limited may be facing challenges in managing costs or may be investing heavily in growth initiatives.

Investors and stakeholders will likely be watching closely to see how MPDL Limited addresses the growing losses while maintaining its revenue growth trajectory. The company's ability to complete its ongoing projects efficiently and manage its operational costs will be crucial factors in its path towards profitability.

As the construction and real estate sectors continue to evolve, MPDL Limited's performance in the coming quarters will be important to monitor, especially in light of broader economic conditions and the real estate market trends in India.

Note: All figures are based on the standalone unaudited financial results provided by MPDL Limited for the quarter ended September 30, 2025.