SML Mahindra Limited has issued a formal clarification to BSE Limited regarding recent significant movements in its share price. The company responded to an inquiry from the stock exchange dated February 13, 2026, addressing concerns about the price volatility of its securities.

Regulatory Compliance Confirmation

The company has categorically stated that there is no pending information or announcement requiring disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. SML Mahindra emphasized that it has no undisclosed material information that could influence the price behavior of its scrip.

Market Forces Attribution

The company has attributed the recent share price movements to market forces rather than any specific corporate developments. SML Mahindra stated it is not aware of any other drivers affecting the share price beyond normal market dynamics. The management assured that if any relevant information comes to light that could impact share price movement, it will be immediately communicated to the stock exchanges.

Continued Regulatory Adherence

SML Mahindra reiterated its commitment to maintaining compliance with SEBI Listing Regulations and assured continued adherence to existing regulatory frameworks. The company confirmed that it has been consistently meeting all relevant disclosure norms and will continue to do so in the future.

The clarification was signed by Parvesh Madan, Company Secretary and Compliance Officer, and submitted to BSE Limited's Corporate Relationship Department. The company operates from its registered office and works at Village Asron, District Shahid Bhagat Singh Nagar, Punjab, with corporate office located in Chandigarh.

SML Mahindra Limited has delivered exceptional financial performance in the third quarter of FY26, reporting a remarkable turnaround in profitability. The commercial vehicle manufacturer announced its unaudited financial results for the quarter ended December 31, 2025, showcasing significant growth across key financial metrics.

Outstanding Q3FY26 Financial Performance

The company's financial results for Q3FY26 demonstrate exceptional operational efficiency and market performance. The quarter-on-quarter comparison reveals sustained growth momentum despite seasonal variations, with notable improvements in profitability metrics.

Enhanced Operational Efficiency and Margin Expansion

The company demonstrated significant operational improvements with EBITDA growing substantially to ₹41.40 crores compared to ₹18.40 crores in the corresponding quarter of the previous year. The EBITDA margin expanded to 7.68% from 5.54%, reflecting improved operational efficiency and better cost management strategies.

Cost of materials consumed stood at ₹496.57 crores, while employee benefits expense reached ₹59.17 crores. Finance costs decreased significantly to ₹5.79 crores in Q3FY26 compared to ₹7.10 crores in Q3FY25, indicating improved financial management.

Nine-Month Performance Highlights

The company's nine-month performance for the period ended December 31, 2025, reflects consistent operational excellence and strategic execution. Total comprehensive income for the nine-month period reached ₹105.79 crores compared to ₹68.52 crores in the corresponding period of the previous year.

Regulatory Compliance and Corporate Governance

The Board of Directors approved the unaudited financial results during their meeting held on January 16, 2026, in Chandigarh. The meeting commenced at 4:15 PM and concluded at 4:45 PM, with the Audit Committee reviewing and recommending the results prior to board approval.

The financial results have been prepared in accordance with Indian Accounting Standard 34 and comply with SEBI listing regulations. The statutory auditors B S R & Co. LLP have issued an unmodified review conclusion on the unaudited financial results.

Key Financial Metrics and Capital Structure

The company maintains a stable capital structure with paid-up equity share capital of ₹14.48 crores, consisting of shares with a face value of ₹10 each. Other equity stood at ₹368.18 crores as of March 31, 2025, providing a strong financial foundation for future growth initiatives.

Tax expenses for Q3FY26 included current tax of ₹6.01 crores and a deferred tax benefit of ₹0.03 crores, resulting in effective tax management for the quarter.