The board of directors of Mega Nirman & Industries Limited had appointed Mr. Narayanjee Thakur as an Additional Director designate to be as the Whole Time Director of the company for the period of one year with effect from January 27, 2018. The appointment of Mr. Narayanjee Thakur will be subject to the approval of shareholders in the upcoming general meeting of the company. Mr. Narayanjee Thakur carries a rich experience of 12 years and specialized in the field of Corporate, Finance, Management and Administrative. The company appointed Ms. Mitashi Bisaria as a Company Secretary and Compliance Officer of the company with immediate effect. Ms. Mitashi Bisaria aged about 24 year, she is an Associate Member of the Institute of Company Secretaries of India and having an experience of 1.2 years. The board of directors of the company has appointed Ms. Harshita Kaushik as a Chief Financial Officer of the company with immediate effect. Ms. Harshita Kaushik having an experience of 6 years in handling the area of Finance, Accounts and Taxation.

The company announced unaudited earnings results for third quarter and nine months ended December 31, 2017. For the quarter, the company reported total revenue from operations of INR 4,589,597, profit before exceptional items and tax of INR 653,351, profit before tax of INR 653,351, net profit for the period of INR 653,351 compared to total revenue from operations of INR 953,699, profit before exceptional items and tax of INR 24,847, profit before tax of INR 24,847, net profit for the period of INR 24,847 for the same quarter a year ago. Basic and diluted earnings per share (not annualized) were INR 0.20 against INR 0.01 a year ago.

For the year to date, the company reported total revenue from operations of INR 17,426,068, profit before exceptional items and tax of INR 2,031,010, profit before tax of INR 2,031,010, net profit for the period of INR 2,031,010 compared to total revenue from operations of INR 2,621,699, profit before exceptional items and tax of INR 63,194, profit before tax of INR 63,194, net profit for the period of INR 63,194 for the same quarter a year ago. Basic and diluted earnings per share (not annualized) were INR 0.61 against INR 0.02 a year ago.