Meera Industries Limited, a leading player in the textile machinery and plastics sector, held its Board meeting on February 13, 2026, at its registered office in Surat. During this meeting, the Board considered key financial and corporate decisions including the approval of the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The results were reviewed by the Statutory Auditors, K A Sanghavi & Co LLP, who issued an unmodified limited review report, affirming compliance with applicable Indian Accounting Standards (Ind AS) and SEBI Listing Regulations.

The financial performance of Meera Industries for Q3 2025 reflects a robust business trajectory. The company reported standalone revenue from operations of Rs. 3,786.5 lakhs and a net profit after tax of Rs. 30.57 lakhs for the quarter. On a consolidated basis, including its wholly owned subsidiary Meera Industries USA LLC, the company achieved revenue from operations of Rs. 2,900.79 lakhs and net profit after tax of Rs. 162.69 lakhs for the nine months period ended December 31, 2025. This performance demonstrates resilience in both the Machine Division and Plastic Division, with segment-wise profits showing notable growth.

In a significant corporate development, the Board appointed Mr. Dharmesh Vinodbhai Desai, who currently serves as Chairman and Managing Director, as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective February 13, 2026. Mr. Desai brings over two decades of experience in strategic planning, business leadership, and financial management in the textile machinery sector. Holding a Bachelor of Engineering in Mechanical from Veer Narmad South Gujarat University and Sardar Vallabhbhai National Institute of Technology, Surat, Mr. Desai has been instrumental in expanding the company’s manufacturing capacities and operational efficiency. His additional role as CFO is expected to strengthen financial planning, internal controls, and compliance frameworks across the company.

Furthermore, the Board announced a sub-division or share split to enhance liquidity and shareholder participation. The existing equity shares of Rs. 10 each will be split into two equity shares of Rs. 5 each, with the record date fixed for March 6, 2026. This move aligns with the company’s strategy to improve marketability and accessibility of its shares to retail and institutional investors.

Meera Industries’ segment-wise performance reveals the continued strength of its diversified operations. The Machine Division recorded quarterly revenue of Rs. 428.58 lakhs while the Plastic Division achieved Rs. 451.15 lakhs. Consolidated segment results show profits of Rs. 345.23 lakhs in the Machine Division and Rs. (150.02) lakhs in the Plastic Division, reflecting investment and expansion-related costs. Total assets as of December 31, 2025, stood at Rs. 4,616.33 lakhs with total liabilities of Rs. 1,569.64 lakhs, underscoring the company’s solid financial foundation.

The financial statements have been prepared in accordance with Ind AS 34 on Interim Financial Reporting and other generally accepted accounting principles in India. Both standalone and consolidated results have been carefully reviewed by the Audit Committee and approved by the Board, ensuring transparency, compliance, and accuracy in financial disclosure. Previous period figures have been regrouped and rearranged wherever necessary to ensure comparability.

The auditors’ limited review report emphasizes that the financial results provide a true and fair view of the company’s operations and financial position. There were no material misstatements identified, and all statutory requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been met.

With this comprehensive update, Meera Industries reaffirms its commitment to shareholder value, operational excellence, and strategic growth. The appointment of Mr. Desai as CFO, along with the share split initiative, signals the company’s proactive approach to enhancing governance, liquidity, and long-term profitability. Stakeholders can expect sustained focus on expanding manufacturing capacities, optimizing operational efficiencies, and maintaining financial discipline across all divisions.

This corporate update, including financial results, leadership appointments, and share restructuring, positions Meera Industries as a company focused on sustainable growth and consistent value creation in the highly competitive textile machinery and plastics sector. The strategic initiatives announced on February 13, 2026, are expected to positively impact investor confidence and operational performance in the upcoming quarters.

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