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MIDHANI Declares Interim Dividend of Rs 0.85 Per Share; Sets Record Date for March 19, 2026
Mishra Dhatu Nigam Limited (MIDHANI) has announced an interim dividend of Rs 0.85 per equity share for the financial year 2025-26. This dividend represents 8.50% of the face value of Rs 10 per share. The Board of Directors approved the payout during their meeting held on March 13, 2026. The company has established March 19, 2026, as the record date to identify eligible shareholders for the distribution.
Key Highlights
Interim dividend of Rs 0.85 per equity share declared for FY 2025-26
Dividend rate is 8.50% based on the face value of Rs 10 per share
Record date for determining shareholder entitlement is March 19, 2026
Board meeting concluded at 12:50 hrs on March 13, 2026
💼 Action for Investors
Investors seeking dividend income should ensure they hold the stock before the ex-dividend date to qualify for the Rs 0.85 per share payout. This move reflects the company's commitment to returning value to shareholders.
MIDHANI Declares Interim Dividend of Rs. 0.85 Per Share for FY 2025-26
Mishra Dhatu Nigam Limited (MIDHANI) has announced an interim dividend of Rs. 0.85 per equity share for the financial year 2025-26. This payout represents 8.50% of the face value of Rs. 10 per share. The Board of Directors approved the dividend in a meeting held on March 13, 2026. The company has established March 19, 2026, as the record date to identify eligible shareholders for the payment.
Key Highlights
Interim dividend of Rs. 0.85 per equity share declared for FY 2025-26
Dividend payout is 8.50% based on a face value of Rs. 10 per share
Record date for dividend entitlement is set for March 19, 2026
Board meeting concluded on March 13, 2026, at 1250 hrs
💼 Action for Investors
Investors interested in the dividend should ensure they hold the stock before the ex-dividend date. Long-term investors should evaluate this payout in the context of the company's overall yield and performance in the defense sector.
Kridhan Infra Diversifies into Media Tech with AI-Led Feature Film "SHATAK"
Kridhan Infra Limited has announced a strategic entry into the film production and media technology sector through its subsidiary, Kridhan Mediatech Private Limited. The company has released "SHATAK", a full-length feature film created using Artificial Intelligence, marking a significant pivot from its core infrastructure business. This move targets the Indian Media & Entertainment industry, currently valued at over ₹2.5 lakh crore, and the growing AI economy projected to reach ₹1.4 lakh crore. The company plans to further develop capabilities in CGI, virtual production, and AI-driven content creation.
Key Highlights
Strategic entry into film production and media technology via subsidiary Kridhan Mediatech.
Launch of 'SHATAK', one of the world's first AI-led full-length feature films.
Targeting the ₹2.5 lakh crore Indian Media & Entertainment industry.
Future focus on AI, CGI, and virtual production systems for theatrical and digital platforms.
Alignment with India's projected ₹1.4 lakh crore AI economy.
💼 Action for Investors
Investors should closely monitor this significant business diversification to see if the company can successfully monetize media technology and if it impacts the capital allocation for its core infrastructure operations.
MIDHANI Q3 FY26 PAT Jumps 115% QoQ to ₹27.46 Cr; Order Book Strong at ₹2,440 Cr
MIDHANI reported a robust sequential recovery in Q3 FY26, with revenue growing 31.44% QoQ to ₹275.66 crores and PAT more than doubling to ₹27.46 crores. While 9-month revenue remained flat YoY at ₹655.88 crores, the value of production increased by 8.86%, indicating strong internal manufacturing activity. The company maintains a healthy order book of ₹2,440 crores as of January 2026, with high-margin super alloys and titanium alloys contributing 39% of total revenue. Management highlighted technical milestones, including CEMILAC certifications and upcoming NADCAP certification, positioning the firm for major aerospace contracts.
Key Highlights
Q3 FY26 PAT rose 115% QoQ to ₹27.46 crores, while PBT increased to ₹39 crores from ₹19.11 crores in Q2.
Order book remains robust at ₹2,440 crores as of January 1, 2026, providing strong multi-year revenue visibility.
Titanium and Super Alloys together contribute 39% of the 9-month revenue, driving margin improvements.
Titanium production volume increased by approximately 20% compared to the previous year's levels.
Achieved technical milestones including CEMILAC certification for 10 super alloys and completion of NADCAP audit.
💼 Action for Investors
Investors should focus on the strong sequential recovery and the high-margin product mix as indicators of operational efficiency. The company remains a critical beneficiary of India's defense indigenization, particularly in the aerospace and aero-engine segments.
Kridhan Infra Reports Q3 FY26 Consolidated Net Loss of ₹27 Lakhs as Revenue Slumps 82%
Kridhan Infra Limited reported a consolidated net loss of ₹27.00 Lakhs for the quarter ended December 31, 2025, a sharp reversal from a profit of ₹25.82 Lakhs in the previous quarter. Revenue from operations plummeted to ₹21.50 Lakhs from ₹125.00 Lakhs in Q2 FY26. The company's net worth remains eroded due to accumulated losses, though management continues to prepare results on a 'going concern' basis. Financials are further complicated by the liquidation of its Singapore subsidiary and the impairment of its associate company, Vijay Nirman Company.
Key Highlights
Consolidated revenue from operations fell 82.8% quarter-on-quarter to ₹21.50 Lakhs.
Shifted to a consolidated net loss of ₹27.00 Lakhs in Q3 FY26 from a profit of ₹25.82 Lakhs in Q2 FY26.
Exceptional gain of ₹24.06 Lakhs was recorded during the quarter due to the reversal of earlier provisions for loans and advances.
The Singapore subsidiary, Readymade Steel Singapore Pte. Ltd., is under liquidation and excluded from consolidated results.
Company net worth is fully eroded, with the auditor highlighting accumulated losses as a significant concern.
💼 Action for Investors
Investors should exercise extreme caution due to the company's eroded net worth, minimal revenue, and ongoing liquidation of key subsidiaries. The stock remains highly speculative given the fundamental financial distress and lack of operational scale.
MIDHANI Q3 Net Profit Surges 96% YoY to ₹53.92 Crore; Revenue Up 15.8%
Mishra Dhatu Nigam Limited (MIDHANI) reported a robust 96.3% year-on-year increase in consolidated net profit to ₹53.92 crore for the quarter ended December 31, 2025. Revenue from operations grew by 15.8% to ₹275.66 crore compared to ₹237.97 crore in the corresponding quarter of the previous year. For the nine-month period, while revenue remained relatively flat, net profit more than doubled to ₹110.07 crore. This performance highlights significant margin expansion and improved operational efficiency during the quarter.
Key Highlights
Consolidated Net Profit surged 96.3% YoY to ₹53.92 crore in Q3 FY26.
Revenue from operations grew 15.8% YoY to ₹275.66 crore from ₹237.97 crore.
Earnings Per Share (EPS) nearly doubled to ₹2.88 from ₹1.47 in the year-ago quarter.
Nine-month consolidated net profit reached ₹110.07 crore, a 107.5% increase from ₹53.04 crore YoY.
Profit Before Tax (PBT) for the quarter stood at ₹78.88 crore compared to ₹38.97 crore YoY.
💼 Action for Investors
The strong bottom-line growth and significant margin improvement are highly positive indicators for the company. Investors should maintain a positive outlook while monitoring the execution of the order book and the performance of the Utkarsha Aluminium joint venture.
MIDHANI Secures New Order Worth Rs. 158 Crore; Total Order Book Reaches Rs. 2,590 Crore
Mishra Dhatu Nigam Limited (MIDHANI) has successfully secured a new contract valued at Rs. 158 crore. This acquisition further strengthens the company's order pipeline, bringing the total open order position to approximately Rs. 2,590 crore as of February 4, 2026. The steady inflow of orders highlights the sustained demand for the company's specialized metallurgical products in strategic sectors. This development provides significant revenue visibility for the company over the coming fiscal periods.
Key Highlights
Secured a fresh order worth Rs. 158 crore
Total open order position as of February 4, 2026, stands at approximately Rs. 2,590 crore
Order win complies with Regulation 30 of SEBI (LODR) Regulations, 2015
Strengthens the company's market position in specialized metal manufacturing
💼 Action for Investors
Investors should maintain a positive outlook as the growing order book provides strong revenue visibility. Focus on the company's execution efficiency to translate these orders into bottom-line growth.
Kridhan Infra Incorporates Media Subsidiary Kridhan Mediatech with 70% Stake
Kridhan Infra Limited has incorporated a new subsidiary, Kridhan Mediatech Private Limited, marking a strategic diversification into the media and entertainment sector. The company holds a 70% stake in the new entity, which has an initial authorized share capital of INR 10,00,000. The subsidiary will focus on producing and distributing digital content, films, and web series across OTT and theatrical platforms. The remaining 30% stake is held by the Kridhan Family Trust, involving the company's promoter.
Key Highlights
Incorporated Kridhan Mediatech Private Limited on January 12, 2026, as a 70% subsidiary
Initial authorized and paid-up share capital of INR 10,00,000 divided into 1 lakh shares
Diversification into motion picture production, media technology, and OTT content distribution
Promoter-linked Kridhan Family Trust holds the minority 30% stake in the new venture
Entry into a non-core business segment outside the company's traditional infrastructure focus
💼 Action for Investors
Investors should monitor the company's capital allocation towards this new non-core business and evaluate management's expertise in the media sector. Watch for upcoming project announcements or further investments that might impact the core infrastructure business's cash flows.
MIDHANI Secures Rs. 121.75 Cr Order; Total Order Book Reaches Rs. 2,520 Cr
Mishra Dhatu Nigam Limited (MIDHANI) has successfully secured a new order valued at Rs. 121.75 crore. This acquisition has boosted the company's total open order position to approximately Rs. 2,520 crore as of December 18, 2025. The steady inflow of orders highlights the sustained demand for the company's specialized metallurgical products in strategic sectors like defense and aerospace. This provides significant revenue visibility for the company over the medium term.
Key Highlights
Secured a fresh contract worth Rs. 121.75 crore
Total open order book position stands at approximately Rs. 2,520 crore
Order win strengthens the company's position in the high-end metallurgy market
Announcement made in compliance with Regulation 30 of SEBI LODR
💼 Action for Investors
Investors should view this as a positive development that reinforces revenue visibility. Maintain a watch on the company's execution pace to ensure these orders translate into bottom-line growth.
Kridhan Infra Allots 5.75 Crore Warrants to Promoters Worth ₹11.5 Crore
Kridhan Infra Limited has completed the allotment of 5.75 crore warrants on a preferential basis to its promoter and promoter group. Mr. Anil Dhanpat Agrawal (Promoter) was allotted 3 crore warrants, while Kridhan Petrochemicals Private Limited received 2.75 crore warrants. The total transaction value for these allotments amounts to ₹11.5 crore. This capital infusion and increase in promoter stake (Equity + Warrants) to a combined 45.96% indicates strong insider confidence in the company's future prospects.
Key Highlights
Total allotment of 5.75 crore warrants to the Promoter and Promoter Group on a preferential basis
Promoter Anil Dhanpat Agrawal's combined holding (Equity and Warrants) stands at 28.49% post-allotment
Promoter Group entity Kridhan Petrochemicals' combined holding reaches 17.47% post-allotment
Total transaction value for the warrant allotment is approximately ₹11.5 crore
Allotment was officially approved and effected on December 9, 2025
💼 Action for Investors
Investors should view the promoter's increased stake and capital infusion as a positive signal of commitment. However, keep an eye on the eventual dilution of earnings per share (EPS) when these warrants are converted into equity shares.