MV Electrosystems Limited has announced its un-audited financial results for the quarter and half year ended September 30, 2026. The company’s Board of Directors approved these results following a review by the Audit Committee. Key highlights include the financial performance for the period and a detailed note on cash losses incurred, along with management’s proposed strategies to address the situation. The results are available on the company’s website and the stock exchanges.
MV Electrosystems Announces Q2 FY27 Financial Results
MV Electrosystems Limited has officially disclosed its un-audited financial results for the quarter and half year that concluded on September 30, 2026. The announcement follows a Board of Directors meeting held on November 12, 2026, where the results were inter-alia considered and approved. These financial statements have been prepared in accordance with the applicable Indian Accounting Standards (Ind-AS) and have undergone a limited review by the statutory auditors, M/s. Sanmarks & Associates, Chartered Accountants.
Key Financial Highlights and Going Concern
The unaudited financial results for the period ended September 30, 2026, were recommended by the Audit Committee and subsequently approved by the Board. A notable point highlighted in the auditor’s report is the cash loss incurred by the Company during the quarter and half year ended September 30, 2026, amounting to ₹61.76 Million. A similar loss of ₹66.68 Million was recorded in the previous quarter ended June 30, 2026. Despite these losses, based on an assessment of the Company’s operational and financial position, management is confident that it has adequate resources to continue its operations and discharge its liabilities. Consequently, the financial statements have been prepared on a going concern basis.
IPO and Share Capital Update
The company also provided an update on its Initial Public Offer (IPO), which was completed with a fresh issue of 68,23,529 equity shares of face value ₹5 each at an issue price of ₹425 per share. The equity shares were listed on the National Stock Exchange of India (NSE) and BSE Limited (BSE) on August 6, 2026. Furthermore, information regarding the issuance of equity shares and a subsequent share subdivision was provided. On November 5, 2025, the company subdivided its equity shares from a face value of ₹10 each to ₹5 each, effectively doubling the number of shares outstanding from 1,02,29,600 to 2,04,59,200, without altering the total paid-up share capital.
Related Party Transactions
The financial statements also include details of related party transactions for the period ended September 30, 2026. These transactions encompass sales and purchases with entities such as MV Mobility Limited and Prime Electronics, director remuneration, and directors’ sitting fees. The detailed breakdown is provided in the accompanying financial statements.
Availability of Information
The intimation of these financial results is also available on the company’s website, www.mvelectrosystems.com, for public access.
Source: BSE
