Le Merite Exports Board Approves Q3 Results, Acquires Full Stake in Subsidiary
Le Merite Exports approved Q3 FY26 results. Standalone PAT was ₹219.76 Lakhs, consolidated PAT was ₹204.72 Lakhs. The company appointed Narendra Kumar Sharma as Internal Auditor and acquired the remaining 49% stake in Le Merite Laxmi Spinning Private Limited for ₹2.45 Lakhs.
The approval of quarterly results and the acquisition of a subsidiary are material events. The acquisition is expected to be completed within 60 days, and the financial results provide key performance indicators for the company.
The announcement reports financial results and corporate actions. While the acquisition of a subsidiary is a positive step, the financial results show a decrease in profit compared to the previous quarter, making the overall sentiment neutral.
Le Merite Exports Limited announced the outcome of its Board Meeting held on February 13, 2026. The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025, along with the limited review report from the auditors.
Key decisions also included the appointment of Mr. Narendra Kumar Sharma as the Internal Auditor for FY 2025-26, following the resignation of M/s. MBRK & Co. Additionally, the company approved the acquisition of an additional 49% equity stake in its subsidiary, Le Merite Laxmi Spinning Private Limited (LMLSPL), from Mr. Abhishek Lath for a consideration not exceeding ₹2,45,000. This acquisition will make LMLSPL a wholly owned subsidiary within 60 days.
The financial results for the quarter ended December 31, 2025, showed standalone Profit After Tax of ₹219.76 Lakhs and consolidated Profit After Tax of ₹204.72 Lakhs. The Board meeting commenced at 4:00 p.m. and concluded at 5:30 p.m.
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Le Merite Exports Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Le Merite Exports Limited. Read the original for the full detail.