MSAFE

Msafe Equipments Ltd has announced the resignation of Mr. Rachit Jain, Business Head of its Formwork Division, effective June 15, 2026. Mr. Jain cited differences in expectations regarding development, timelines, and management approach as the reason for his departure. He has requested a three-month transition period to ensure a smooth handover and secure new opportunities. The company is expected to confirm the transition period and compensation arrangements.

Msafe Equipments Ltd. announced the re-designation of Mr. Ashish Rai, previously National Operation Manager, as Chief Operating Officer (COO) effective May 23, 2026, following his promotion. Mr. Rai has over 15 years of experience in supply chain management, logistics, and operations. He joined the company in December 2024 and manages pan-India operations, including 18 warehouses. The company has complied with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ajay Kumar Kanoi, Promoter & Whole Time Director of Msafe Equipments Ltd, acquired 9,000 equity shares of the company on May 19, 2026, via open market purchase. This acquisition increased his total holding to 51,08,000 shares, representing 25.04% of the total share capital. The company's equity share capital remains at 2,04,00,000 shares of ₹10 each.

Mr. Rajneesh Kumar, President – MRO & Ladder Division and SMP of Msafe Equipments Ltd, has resigned from his position due to personal reasons, effective from the close of business hours on May 20, 2026. The company has complied with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has uploaded the intimation on its website.

Msafe Equipments Ltd's monitoring agency report for the quarter ended March 31, 2026, indicates a delay in the utilization of IPO proceeds. CARE Ratings Limited, the monitoring agency, reported that the utilization for FY26 was lower than specified in the prospectus, with full utilization expected across FY26 and FY27. The report declares no deviations from the objects of the issue. The IPO size was ₹54.12 crore.

MSafe Equipments Ltd announced strong financial results for HY2 and FY26 ended March 31, 2026. Revenue from operations grew by 45.08% YoY to ₹10,349.96 lakh. EBITDA increased by 56.72% to ₹4,086.75 lakh, with margins improving to 39.49%. Profit After Tax (PAT) rose by 72.33% to ₹2,242.02 lakh, and PAT margins expanded to 21.66%. The company is expanding its capacity for aluminium and ladders and has ventured into the formwork division.

Msafe Equipments Ltd's Board of Directors approved the audited financial results for the half-year and financial year ended March 31, 2026, in a meeting held on May 11, 2026. The results, recommended by the Audit Committee, comply with Regulation 33 of the SEBI Listing Regulations. Auditors M/s. V.K. Kila & Co issued an unmodified opinion on the financial results. The financial results are available on the company's website.

Msafe Equipments Ltd's Board of Directors approved the audited financial results for the half-year and financial year ended March 31, 2026, in a meeting held on May 11, 2026. The results, recommended by the Audit Committee, comply with Regulation 33 of the SEBI Listing Regulations. Auditors M/s. V.K. Kila & Co issued an unmodified opinion on the financial results. The financial results are available on the company's website.

Msafe Equipments Ltd has scheduled a Board of Directors meeting on May 11, 2026, to consider and approve the audited financial results for the half year and financial year ended March 31, 2026. The meeting will also cover the Statement of Assets and Liabilities and Statement of Cash Flows as of March 31, 2026, along with the Auditors’ Reports. The trading window for dealing in the company's equity shares has been closed since April 1, 2026, and will remain closed until 48 hours after the communication of the agenda items to the Stock Exchange.

Msafe Equipments Ltd has announced changes in its Senior Management Personnel. Mr. Rajneesh Kumar has been appointed as President – MRO & Ladder Division, designated as ‘Senior Management Personnel’, with effect from 08th April 2026. Ms. Sonam Nair, Vice President-Operations, has tendered her resignation with effect from the close of business hours on April 30, 2026.