Mehul Colours Ltd

Mehul Colours Limited announced the appointment of Mr. Tejas Harish Joshi as an Additional Director (Executive) on its Board, effective September 5, 2026. This appointment is subject to shareholder approval at the upcoming General Meeting. The board also approved the notice for the 31st Annual General Meeting and the Board's Report and Annual Report for FY 2025-26. Mr. Joshi, who has been with the company for over 15 years, brings extensive experience in manufacturing and business operations and will oversee day-to-day operations.

Mehul Colours Ltd has announced the appointment of Mr. Tejas Harish Joshi as an Additional Director in an Executive capacity, effective September 5, 2026. This appointment, approved by the Board of Directors based on the Nomination and Remuneration Committee's recommendation, is subject to shareholder approval at the upcoming General Meeting. Mr. Joshi, who has over 15 years of experience with the company in manufacturing and business operations, will be responsible for overseeing day-to-day operations. He is not related to any existing directors and has no other directorships or shareholding in the company.

Mehul Colours Ltd announced its audited financial results for FY26, reporting a 33.2% increase in revenue from operations to ₹30.40 crore, compared to ₹22.82 crore in FY25. Profit after tax stood at ₹5.22 crore, slightly lower than the ₹5.50 crore in the previous year. The company focused on strategic growth and market expansion, achieving its highest-ever revenue through increased demand and new business opportunities. While profitability was impacted by fluctuations in raw material prices, the company expects sustainable growth and long-term value creation.

Mehul Colours Ltd. reports the utilization of IPO proceeds for the half year ended March 31, 2026. Out of the total funds raised of ₹2,165.76 lakhs, ₹372.11 lakhs were used for capital expenditure, ₹400 lakhs for working capital, ₹9.17 lakhs for general corporate purposes, and ₹281.15 lakhs for issue-related expenses. The unutilized amount is temporarily held in separate bank accounts. The audit committee reviewed the statement on May 30, 2026.

Mehul Colours Ltd approved the audited financial results for the half year and year ended March 31, 2026, in a board meeting held on May 30, 2026. The results, compliant with SEBI regulations, include an auditor's report from YMS & Co. LLP with an unmodified opinion, indicating a NIL impact of audit qualifications. The board also adopted a statement regarding the utilization of IPO proceeds. Revenue from operations for the year ended March 31, 2026, stood at ₹3,040.32, with a net profit of ₹193.01.

Mehul Colours Limited has announced its audited standalone financial results for the half-year and year ended March 31, 2026. Key figures include revenue from operations of ₹3040.32 lakhs for the year ended March 31, 2026, and a net profit of ₹522.29 lakhs. The Board of Directors approved these results in their meeting held on May 30, 2026. Earnings per share stand at ₹4.95.

Mehul Colours Ltd has scheduled a meeting of its Board of Directors on May 30, 2026, to consider and approve the audited financial results for the half year and year ended March 31, 2026.

Mehul Colours Ltd has announced the closure of its trading window for insider trading in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Amendment Regulations, 2018. The closure will be effective from 1st April, 2026 and will open 48 hours after the declaration of Financial Results for the half year & year ended 31st March, 2026. All designated persons, their immediate relatives and specified connected persons, including Directors, have been informed not to enter into any transaction involving the securities of the Company during this period.

Mehul Joshi, Promoter and Managing Director of Mehul Colours Ltd, has disclosed the purchase of equity shares under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The acquisition was made on the open market, with the shares being purchased in multiple tranches. The total shares held by Joshi and Persons Acting in Concert (PAC) after the acquisition is 71.53% of the total share and voting capital, and 71.53% of the total diluted share and voting capital.

Mehul Pravinchandra Joshi has acquired 2.29% additional shares in Mehul Colours Ltd, a company formerly known as Mehul Colours and Masterbatches Private Limited. The acquisition was made in concert with other persons acting in concert, namely Bhakti Mehul Joshi, Usha Pravinchandra Joshi, and the late Pravinchandra Girdharlal Joshi. The total holding of the acquirer along with PACs now stands at 71.53%. The acquisition was made through open market purchases, with the total transaction value being INR 10,54,90,400.00. The shares were purchased in multiple tranches, with the regulatory threshold being exceeded on 16th March, 2026.