M.M. Rubber Company Ltd Board Meeting Concludes; Announces Q1 2026 Results, Director Appointments
M.M. Rubber Company Limited announced outcomes of its Board meeting held on August 7, 2026, which included approving unaudited financial results for the quarter ended June 30, 2026, along with several key governance decisions regarding appointments and future meetings.The company's Board Meeting commenced at 11:00 AM and concluded at 12:15 P.M. During the meeting, the Board considered and approved the Un-Audited Financial Results for the Quarter ended June 30, 2026, alongside a Limited Review Report by the company's Auditors. The Board also approved the Draft Board's Report for the year ending March 31, 2026.
Governance and Future Meetings
Key decisions made during the board meeting included:- Director Appointment: Mr. Jacob Mammen was approved for appointment as a Director, noting that he retired by rotation and is eligible for reappointment.
- AGM Details: The date of the Annual General Meeting was fixed for September 24, 2026, at 11:00 A.M.
- Scrutinizer Appointment: Ms. Sharvari Sham Kulkarni, a Practising Company Secretary, was appointed as a Scrutinizer for the e-voting process under the AGM.
Quarterly Financial Performance Snapshot
The company reported its unaudited financial results for the quarter ended June 30, 2026. The results reflect the performance across various metrics, including income and expenses.Key figures from the Board's approval include:
| Particulars | Quarter Ended 30-06-2026 (Unaudited) (Rupees in lakhs) |
|---|---|
| Revenue from operations | 1123.98 |
| Other Income | 0.74 |
| Total Income | 1124.73 |
| Cost of Materials consumed | 614.81 |
| Total Expenses | 299.45 |
| Profit before tax and exceptional items | 92.22 |
| Net Profit for the period from continuing operation | 92.22 |
| Earnings per equity share (Basic) | 1.48 |
Independent Auditor's Review Report
Narayan Bhat & Co., the independent auditors, completed a limited review of the Statement of Unaudited Financial Results for the quarter ended June 30, 2026, and year-to-date results from April 1 to June 30, 2026. The auditor confirmed that based on their review conducted in accordance with the Standard on Review Engagement (SRE) 2410, nothing came to their attention that suggested the accompanying statement of Unaudited Financial Results failed to disclose required information or contained any material misstatement.Stock Price Movement
At 12:28, MM Rubber Company Ltd is showing impressive momentum, trading at ₹59.80, which represents a strong gain of 10.23% for shares. The stock navigated significant intraday movement, reaching an intraday high of ₹60.00 after bottoming out at ₹52.51.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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