Minal Industries Ltd

Minal Industries Limited, in compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, has received confirmation from its Registrar & Transfer Agent, MCS Share Transfer Agent Limited, regarding the dematerialization of shares and mutilation and cancellation of share certificates for the quarter ended September 30, 2026.

Minal Industries Limited will close its trading window for all designated persons starting October 1, 2026, in preparation for the consideration of its unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2026, as announced in a filing with the BSE Limited on September 24, 2026.

Minal Industries Limited informed the BSE on September 21, 2026, that Jesingbhai Badarmal Parikh, a promoter of the company, has passed away, and consequently, he will cease to be included in the Promoter/Promoter Group of Minal Industries Limited with effect from September 21, 2026, as per Regulation 30 and Regulation 31A(6)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Minal Industries Limited will close its Register of Members and Share Transfer Books from September 23, 2026, to September 29, 2026, for its 38th Annual General Meeting scheduled to be held on September 29, 2026, as announced to the Bombay Stock Exchange on September 3, 2026.

Minal Industries Limited informed the BSE that its board of directors approved the company’s Directors Report for the financial year ended March 31, 2026, and recommended Related Party Transactions for the financial year 2027-28, subject to shareholder approval. The board also approved the closure of the Register of Members and Share Transfer Books from September 23, 2026, to September 29, 2026, set a cut-off date of September 22, 2026, for electronic voting, and convened the 38th Annual General Meeting on September 29, 2026, via video conferencing or other audio-visual means. Additionally, the board appointed Mr. Kunal Sakpal, failing him Mr. Hemant Shetye, as Scrutinizer for the AGM and approved the appointment of National Securities Depository Limited (NSDL) to facilitate the e-voting process.

Minal Industries Ltd share price ticked higher by 3.35% to Rs 2.16 after the company's net profit saw a strong growth of 46.30% to Rs 2.37 crore, while revenue from operations slipped 13.64% to Rs 13.11 crore in Q2FY26 over Q1FY26. The market capitalization of Trading & Distributors industry group stocks on BSE stood at Rs 49691.37 crore, improving 11.71%. It has slipped by 1.11% over last one week and soared by 24.51% in last one month while the market capitalization of Minal Industries Ltd has improved by 4.86% and 10.75% in the same period respectively. Profit before tax (PBT) of Minal Industries Ltd stood at Rs 2.27 crore in Q2 FY26, jumping 194.81% year-on-year, and expanding by 18.23% quarter-on-quarter. EBITDA came in at Rs 2 crore, surging by 189.47% YoY and nosediving by 632.26% sequentially. Total expenses tumbled by 22.30% to Rs 11.22 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 6.63 crore, witnessing a sharp rise of 50.68% YoY, while employee benefits expense was at Rs 1.29 crore, tanking by 14.57% YoY. For the TTM ended FY26, revenue from operations jumped by 35.06% to Rs 51.12 crore, while net profit witnessed a sharp fall of 302.40% to Rs 4.21 crore, compared to previous TTM. EBITDA saw a sharp decline of 251% to Rs 2.83 crore, and PBT plunged by 347.34% to Rs 4.18 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 4.03 crore in FY26, as against Rs 1.05 crore in FY25. Minal Industries Ltd nosedived by 46.40% in last one year, underperforming the benchmark BSE Sensex which has eased by 2.83% during the same period.

Minal Industries Limited will hold a board meeting on August 13, 2026, to approve its IND-AS compliant unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and to address other business matters, according to a regulatory filing with the BSE Limited. The company has also closed its trading window for securities from July 1, 2026, until 48 hours after the financial results are announced.

Minal Industries Limited announced the appointment of Mr. Saket Rajendra Sugandh (Membership No. ACS 34266) as Company Secretary and Compliance Officer, designated as Key Managerial Personnel, effective August 5, 2026. The appointment was approved by the company's Board of Directors, who also designated him as an authorized official for determining materiality of events and making disclosures to stock exchanges, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Minal Industries Limited announced the appointment of Mr. Saket Rajendra Sugandh (Membership No. ACS 34266) as Company Secretary and Compliance Officer, designated as Key Managerial Personnel, effective August 5, 2026. The appointment was approved by the company's Board of Directors, which met on Wednesday, August 5, 2026, and Mr. Sugandh will also serve as an authorized official for determining materiality of events and making disclosures to stock exchanges.

Minal Industries Limited announced the appointment of Mr. Saket Rajendra Sugandh (Membership No. ACS 34266) as Company Secretary and Compliance Officer, designated as Key Managerial Personnel, effective August 5, 2026. The appointment was approved by the company's Board of Directors, which met on Wednesday, August 5, 2026, and Mr. Sugandh will also serve as an authorized official for determining materiality of events and making disclosures to stock exchanges.