Murudeshwar Ceramics Reports Share Transmission of 26,808 Equity Shares Under SEBI Regulations

Murudeshwar Ceramics Limited has submitted a regulatory disclosure to stock exchanges regarding the transmission of equity shares under SEBI takeover regulations. The company filed the disclosure on March 3, 2026, with both BSE Limited and National Stock Exchange of India Limited. Share Transmission Details The disclosure pertains to the transmission of 26,808 equity shares from Late Smt. Sudha Rama Shetty to her nominee Shri Naveen Rama Shetty following her demise. The transaction falls under the exemption provided in Regulation 10(1)(g) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Parameter: Details Shares Transmitted: 26,808 equity shares Transferor: Late Smt. Sudha Rama Shetty Transferee: Shri Naveen Rama Shetty Reason: Transmission on demise as nominee Exemption Under: Regulation 10(1)(g) of SEBI (SAST) Regulations 2011 Shareholding Changes The transmission resulted in changes to the shareholding pattern of the company. Shri Naveen Rama Shetty's stake in the company increased following the share transmission. Shareholding Details: Pre-Transaction Post-Transaction Acquirer/Transferee Number of Shares: 637,559 664,367 Percentage Holding: 1.053% 1.097% Seller/Transferor Number of Shares: 26,808 Nil Percentage Holding: 0.044% Nil Regulatory Compliance The company confirmed that no disclosure under Regulation 10(5) was required for this transaction. The share transmission was processed as per the prescribed format under SEBI regulations, with proper documentation submitted to both stock exchanges where the company's shares are listed. The disclosure was signed by Shri Satish Rama Shetty, Chairman & Managing Director and Promoter of Murudeshwar Ceramics Limited, and countersigned by Ashok Kumar, Company Secretary & Compliance Officer. The company maintains its registered office at Murudeshwar Bhavan, Gokul Road, Hubli, Karnataka. Murudeshwar Ceramics Limited has delivered impressive financial performance for the quarter ended December 31, 2025, with net profit surging 164% year-on-year. The ceramics manufacturer's Board of Directors approved the unaudited standalone and consolidated financial results during their meeting held on February 13, 2026. Regulatory Compliance and Board Meeting The company announced its Q3FY26 quarterly results under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board Meeting commenced at 11:30 a.m. and concluded at 3:25 p.m. on February 13, 2026. Meeting Details Information Date February 13, 2026 Duration 11:30 a.m. to 3:25 p.m. Regulation SEBI Regulation 33 Results Type Unaudited Standalone and Consolidated Strong Quarterly Performance The company demonstrated robust profitability improvement in Q3FY26, with key financial metrics showing substantial growth across multiple parameters. Metric Q3FY26 Q3FY25 Growth (%) Revenue from Operations ₹5,111.36 lakhs ₹5,014.69 lakhs +1.9% Total Income ₹5,515.18 lakhs ₹5,026.79 lakhs +9.7% Net Profit ₹488.44 lakhs ₹184.89 lakhs +164.2% Earnings per Share ₹0.77 ₹0.31 +148.4% The significant improvement in profitability was driven by better cost management and operational efficiency. Other income increased substantially to ₹403.82 lakhs from ₹12.10 lakhs in the previous year quarter, contributing to the overall income growth. Nine-Month Performance Analysis For the nine-month period ended December 31, 2025, Murudeshwar Ceramics maintained its growth trajectory with consistent improvements across key financial parameters. Parameter 9M FY26 9M FY25 Change (%) Revenue from Operations ₹14,283.13 lakhs ₹13,646.44 lakhs +4.7% Net Profit ₹980.22 lakhs ₹646.13 lakhs +51.7% Total Income ₹14,930.31 lakhs ₹13,855.45 lakhs +7.8% Auditor Review and Compliance The financial results were reviewed by K.G. Rao & Co., Chartered Accountants, who provided Limited Review Reports for both standalone and consolidated results. The auditors confirmed that the results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and comply with SEBI regulations. Auditor Details Information Audit Firm K.G. Rao & Co. ICAI Registration 010463S Partner Krishnaraj K Membership No 217422 Review Date February 13, 2026 Segment-wise Revenue Performance The company operates through two primary business segments, both contributing to the overall revenue growth during the quarter. Segment Q3FY26 Revenue Q3FY25 Revenue Growth (%) Sale of Products ₹3,909.99 lakhs ₹3,360.16 lakhs +16.4% Sale of Services ₹1,201.37 lakhs ₹1,654.53 lakhs -27.4% While the products segment showed strong growth of 16.4%, the services segment experienced a decline of 27.4% compared to the previous year quarter. Consolidated Results and Associate Impact On a consolidated basis, which includes the company's associate RNS Power Limited, Murudeshwar Ceramics reported net profit of ₹409.40 lakhs for Q3FY26 compared to ₹167.17 lakhs in Q3FY25. The consolidated results include the company's share of net loss of ₹59.04 lakhs from RNS Power Limited for the quarter. The company maintains a stable capital structure with paid-up equity share capital of ₹6,054.53 lakhs and reserves excluding revaluation reserve of ₹31,092.29 lakhs as of December 31, 2025. The company continues to maintain its ISO 9001-2008 certification and operates from its registered office in Hubli and corporate office in Bengaluru. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. 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