MITCON Cons. & Engg. Share Price Today

Mitcon Consultancy & Engineering Services Ltd incorporates power trading unit

Mitcon Consultancy & Engineering Services Ltd announced the incorporation of MITCON Power Trading Limited, a step-down subsidiary, via its wholly owned unit MITCON Sun Power Limited. Incorporated on June 19, 2026, the new entity has an authorized capital of ₹2,00,00,000 and will focus on power trading to expand the company's business operations.

MITCON shareholders approve director appointments, related party deals

MITCON Consultancy & Engineering Services Limited announced the results of its postal ballot conducted on June 08, 2026, confirming the approval of all six resolutions. Shareholders authorized the re-appointment of Anand Chalwade as Managing Director and appointed Prakash Vaidya and Sanjay Ballal Phadke to the board. Additionally, three material related party transactions with MINVEN Solar entities were approved. The resolutions received 100% support from the 11,948,445 valid votes cast.

MITCON FY26 PAT rises to ₹941.49 lakh

MITCON Consultancy & Engineering Services Limited reported a consolidated net profit of ₹941.49 lakh for FY26, up from ₹654.06 lakh in the previous year, with revenue from operations increasing to ₹12,566.84 lakh. The Board approved the audited financial results on May 27, 2026, and the company published the results in newspapers on May 28, 2026, complying with Regulation 47 of SEBI LODR regulations. The Consultancy and Training segment drove revenue, and proceeds from the Rights Issue were fully utilised.

MITCON utilises ₹3,074.40 lakh rights issue proceeds in FY26

MITCON Consultancy & Engineering Services Ltd utilised ₹3,074.40 lakh of rights issue proceeds for FY26, with funds allocated to working capital, subsidiaries, and capital expenditure. The utilisation was certified by J Singh & Associates, confirming nil unutilised funds as of March 31, 2026.

MITCON Consultancy Issues Postal Ballot for Director Appointments and Solar RPT Approvals

MITCON Consultancy & Engineering Services Limited has issued a postal ballot notice seeking shareholder approval via e-voting (May 07–June 05, 2026) for six resolutions, including the re-appointment of Mr. Anand Chalwade as Managing Director for five years from July 1, 2026 at a monthly remuneration of Rs. 12,30,236, appointment of Dr. Prakash Vaidya as Independent Director and Mr. Sanjay Ballal Phadke as Non-Executive Non-Independent Director, and approval of one-time corporate guarantees of up to Rs. 50 Crores each for MINVEN Solar 01, 02, and 03 Private Limited to support the company's solar asset portfolio expansion.

MITCON Consultancy Shares Surge 8% as Mukul Agrawal Offloads Stake; Q4 Profit Rises

MITCON Consultancy & Engineering Services Ltd. saw an 8% increase in share price on the NSE, despite ace investor Mukul Mahavir Agrawal selling over 1.3 lakh shares worth Rs 1.00 crore. The company's Q4 results showed a modest 6.25% increase in net profit to Rs 1.70 crore, but revenue declined by 7.14% to Rs 39.00 crore compared to the previous year. Operating profit improved marginally, while net profit and EPS saw significant year-over-year declines.