MPDL Limited Formally Notifies BSE of Director Appointment Completion

MPDL Limited has formally notified BSE about the successful completion of Sandeep Kumar's appointment as Non-Executive Independent Director following overwhelming shareholder approval through postal ballot. The company submitted the voting results and scrutinizer's report to BSE on January 05, 2026, confirming the special resolution was passed on January 04, 2026.

Shareholder Approval Results

The postal ballot voting concluded with decisive support from shareholders across all categories:

Voting Category:	Votes Cast	Votes in Favor	Approval Rate
Total Valid Votes:	58,51,045	58,51,001	99.99%
Promoter Group:	55,57,730	55,57,730	100.00%
Public Non-Institutions:	2,93,315	2,93,271	99.98%

BSE Compliance and Documentation

The company submitted comprehensive documentation to BSE under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission included voting results and the scrutinizer's report prepared by Kapil Dev Taneja of Sanjay Grover & Associates.

Parameter:	Details
BSE Scrip Code:	532723
Total Shareholders (Cut-off date):	2,449
Total Share Capital:	₹7.41 crores
Voting Period:	December 06, 2025 to January 04, 2026

Appointment Details

The Board of Directors had initially approved Sandeep Kumar's appointment on November 13, 2025, subject to shareholder approval. The key terms of his appointment include:

Parameter:	Details
Position:	Non-Executive Independent Director
Term Duration:	5 consecutive years
DIN Number:	07635851
Effective Date:	November 13, 2025

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

Period:	Organization	Role
2014-2023:	Diamond Group of Industries	Company Secretary
Until September 2024:	Service Easy Technology Private Limited (GoMechanic)	Not specified
2016-2019:	Punj Lloyd Group entities	Independent Director
Current:	MPCL Industries & Onward Solar Group	Company Secretary

Voting Process and Compliance

The postal ballot process was conducted through NSDL's remote e-voting platform with 30 e-voters participating. The voting period extended from December 06, 2025, to January 04, 2026. Kapil Dev Taneja of Sanjay Grover & Associates served as the scrutinizer for the postal ballot process, ensuring compliance with all regulatory requirements.

The company confirmed that Sandeep Kumar is not related to any other director on the Board, is not debarred from accessing the capital market, and is not restrained from holding directorship in any listed company by SEBI or other authorities. With the formal BSE notification completed, the appointment process has been fully concluded in accordance with regulatory requirements.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.37%	+3.19%	-4.10%	-8.73%	-29.18%	+223.53%

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:

Particulars (Rs in crore)	Q2 FY2026	Q2 FY2025	H1 FY2026	H1 FY2025
Net Sales	846.60	216.37	1,251.81	232.60
Total Income	874.59	240.71	1,306.22	280.98
Net Loss	(166.83)	(44.77)	(270.62)	(68.79)
EPS (Rs)	(2.25)	(0.60)	(3.65)	(0.93)

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.