Mahalaxmi Rubtech Ltd

Mahalaxmi Rubtech Ltd – Closure of Trading Window

AGM Details

• Date/time/mode: 25 Sep 2026, 11:00 IST, VC/OAVM.
• Cut-off entitlement date: 18 Sep 2026.
• Remote e-voting period: 22–24 Sep 2026.
• Notice and annual report hosted on company and exchange websites.

Key Resolutions

• Item 1: Ordinary — Adopt audited financial statements for year ended 31 Mar 2026.
• Item 2: Ordinary — Re-appoint Rahul J. Parekh by rotation.
• Item 3: Ordinary — Re-appoint Jain Chowdhary & Co. as statutory auditors; fix remuneration.
• Item 4: Ordinary — Ratify remuneration payable to Cost Auditor Dalwadi & Associates.
• Item 5: Ordinary — Appoint Rohit Periwal & Associates as Secretarial Auditor.
• Item 6: Special — Re-appoint Nehal Shah as non-executive independent director.
• Item 7: Special — Revise managerial remuneration of Rahul J. Parekh.

Voting Results

• Item 1 passed by requisite majority.
• Item 2 passed by requisite majority.
• Item 3 passed by requisite majority.
• Item 4 passed by requisite majority.
• Item 5 passed by requisite majority.
• Item 6 passed as a special resolution.
• Item 7 passed; 99.67% in favour, 0.33% against.

Directors & Management Appointments

• Rahul J. Parekh re-appointed by rotation.
• Nehal Shah re-appointed as independent director.

Auditors & Secretarial

• Statutory Auditor: Re-appointed Jain Chowdhary & Co.
• Cost Auditor remuneration ratified: Dalwadi & Associates.
• Secretarial Auditor: Rohit Periwal & Associates appointed.

AGM Details

• Date and time: 25 Sep 2026 at 11:00 IST, via Video Conferencing.
• Concluded at 12:48 IST.
• Remote e-voting: 22–24 Sep 2026 (9:00–17:00 IST).
• Voting cut-off date: 18 Sep 2026.

Key Resolutions

• Adoption of Audited Financial Statements for FY ended 31 Mar 2026 with Board and Auditor reports.
• Re-appointment of Shri Rahul J. Parekh as Director, retiring by rotation.
• Re-appointment of M/s Jain Chowdhary & Co. as Statutory Auditors; remuneration to be fixed.

Auditor Appointments

• Re-appoint Statutory Auditors: M/s Jain Chowdhary & Co.; remuneration to be fixed.

Director Changes

• Shri Rahul J. Parekh retires by rotation; eligible for re-appointment.

Financial highlights

• Revenue from operations and other income rose to 11,616.85 Lakhs.
• Profit before tax stood at 2,941.58 Lakhs.
• Profit after tax was 2,178.21 Lakhs.
• Net profit margin 19.45% for FY2025-26.
• Operating profit margin 26.79% for FY2025-26.
• Dividend for FY2025-26 not declared.

Capital structure & liquidity

• Gearing ratio is -5.24% (net cash position).
• Debt-equity ratio stands at 0.00x.
• Current ratio is 3.15x.
• Net debt position is -474.77 Lakhs.
• Cash and cash equivalents at year-end: 1,639.52 Lakhs.

Operational profile

• Single operating segment: Technical Textiles & Rubber.
• Main products include offset printing blankets and technical coated fabrics.
• Exports accounted for about 41.6% of revenue.

Governance & board changes

• Board consists of six directors; three independent, two executive, one non-exec chair.
• Sangita S. Shingi ceased as Independent Director on 31 Mar 2026.
• Renukaben Patel appointed Independent Director from 1 Apr 2026.

Audit & governance

• Statutory auditors: Jain Chowdhary & Co. re-appointed; no qualifications.
• Secretarial auditors: Rohit Periwal & Associates appointed for three years.
• Internal controls: Adequate and regularly reviewed by Audit Committee.

CSR & sustainability

• CSR spending: 29.50 Lakhs; 2% of average net profit; no shortfall.
• CSR Committee chaired by Rahul J. Parekh; Renukaben Patel joined.

Outlook and risks

• Outlook remains positive for FY2026-27; growth in technical textiles.
• Key risks: raw material costs, FX volatility, logistics, geopolitical tensions.
• Export prospects may improve with FTAs; domestic demand improving.

Shareholder information

• FY2025-26 dividend not declared; no EGM in FY2025-26.
• Company listed on BSE and NSE; ISIN INE112D01035.

AGM Details

• AGM date/time: 25 Sep 2026, 11:00 AM, via VC/OAVM.
• Register/Transfer books closed 18–25 Sep 2026.
• Deemed venue: Registered Office of the company.

Resolutions

• Ordinary: Adopt audited financial statements for year ended 31 March 2026.
• Ordinary: Re-appoint Rahul J. Parekh as Director (by rotation).
• Ordinary: Re-appoint Jain Chowdhary & Co. as Statutory Auditors; remuneration as agreed.
• Ordinary: Ratify Cost Auditor Dalwadi & Associates’ remuneration (FY 2026-27).
• Ordinary: Appoint Rohit Periwal & Associates as Secretarial Auditors for 3 years.
• Special: Re-appoint Nehal Shah as Non-Executive Independent Director for 5 years.
• Special: Revise MD Rahul Parekh’s remuneration for remaining tenure.

Appointments & Governance

• Statutory Auditor: Jain Chowdhary & Co. re-appointed for 5 years.
• Cost Auditor remuneration: Rs 80,000 plus taxes and expenses.
• Secretarial Auditor: Rohit Periwal & Associates appointed for 3 years.
• MD remuneration: Rs 6,00,000 per month plus perquisites.

Book Closure for AGM

• Book closure from Sep 18, 2026 to Sep 25, 2026 (inclusive) for the 35th AGM.
• AGM date: Sep 25, 2026.

Financial results approved

• Unaudited standalone results for quarter ended 30 June 2026 approved.
• FY 2026-27 results included; single reportable segment under AS 108.
• Independent Auditor's Limited Review Report attached.

Regulatory/compliance

• Results prepared in accordance with Ind AS and Regulation 33 of SEBI LODR.

Audit & governance

• Audit Committee reviewed; Board approved results on 11 August 2026.

Other disclosures

• No subsidiary/associate/JV companies as of 30 June 2026.