Maha Rashtra Apex Corporation Ltd

AGM details

• AGM held 24 August 2026 via VC/OAVM.
• Concluded at 11:30 IST.
• Meeting conducted as per MCA/SEBI circulars.
• Quorum confirmed; meeting chaired by the Chairman.
• Notice and secretarial report discussed; e-voting facility provided.

Ordinary business

• Adopt standalone and consolidated financial statements for year ended 31 March 2026.
• Re-appoint Yazdin Mistry, retiring by rotation.

Special/Other business

• Appointment of Cyrus D Khambata as Director.
• Appointment of Cyrus D Khambata as Managing Director.
• Appointment of Jamsheed Minoo Panday as Director.
• Appointment of Jamsheed Minoo Panday as Whole-Time Director.
• Redesignation of K.B. Shetty as Independent Director for 5 years.

E-voting & results

• Remote e-voting from 20 Aug 2026 09:00 to 23 Aug 2026 17:00.
• E-voting during AGM open for 30 minutes.
• Scrutinizer to submit consolidated results after counting all votes.
• Results to be posted on company website and exchanges.

Auditors

• Secretarial Auditor's report unqualified; no adverse observations.
• Statutory Auditor's report read with qualification; management response explained.

Purpose & conclusion

• Monitoring Agency Report on utilisation of rights issue proceeds for quarter ended 30 June 2026.
• No material deviation from objects; means of finance unchanged; approvals obtained.

Rights issue details

• Rights issue of equity shares raised ₹14.09 crore; 1,40,91,896 shares at ₹10 each.
• Issue period: 2–30 April 2026; funds received ₹14.09 crore.

Utilisation & approvals & unutilised

• All utilization per disclosure; no major deviations observed.
• GCP as of 30 June 2026: Rs 0.00.
• Unutilised amounts at 30 June 2026 were 1.16cr, 12.25cr, 0.28cr, -0.12cr.

Progress & delays

• Progress: 0.00 utilized on items 1–3; 0.52 utilized for issue expenses.
• Delay in implementation: some objects ongoing through FY2026-27; one completed.

New Paulownia timber business

• Board approved initiating marketing and distribution of Kiri/Paulownia timber in India.
• Activity to be conducted as a channel partner for WGW Agreen Private Limited.
• WGW Agreen has exclusive India rights for promotion and plantation of hybrid Paulownia trees.
• Phoenix One variety included in licensed Paulownia tree program.
• Purpose to create Indian market and distribution channels ahead of plantation timber supply.

Financials

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Standalone total income ₹147.86 lakh; revenue from operations ₹5.95 lakh; other operating revenue ₹141.90 lakh.
• Standalone PAT ₹104.11 lakh; standalone diluted EPS ₹0.37.
• Consolidated total income ₹157.66 lakh; consolidated PAT ₹347.61 lakh; consolidated EPS ₹1.23.

Meeting Details

• Board to meet on 13 August 2026 to consider unaudited quarterly results for quarter ended 30 June 2026.

Key Agenda Items

• Consider and approve unaudited financial results for quarter ended 30 June 2026.

Other Notes

• No additional material notes disclosed in this filing.

Board update

• Corrigendum corrects meeting date to 08 June 2026; meeting held 10:00–10:30 AM.
• Reclassification of Mr. T. Satish U. Pai from Promoter to Public approved, subject to exchange approvals.

Dematerialisation compliance

• Dematerialisation requests in the quarter were processed and confirmed to the depositories (accepted/rejected).
• Securities dematerialised have been listed on the stock exchanges where the earlier issues are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner within timelines.