Maharashtra Corporation Ltd

AGM Details

• Date: 30/09/2026; Time: 12:00 PM; Mode: Physical.
• Venue: Vyanjan Banquet Hall, Oshiwara Link Plaza, Andheri (West).
• Remote e-voting window: 27 Sep–29 Sep 2026, 9:00 AM–5:00 PM.
• Meeting concluded: 12:23 PM; Quorum verified.

Resolutions Put to Vote

• Adopt audited financial statements and reports (ordinary).
• Re-appoint director retiring by rotation (ordinary).
• Appoint statutory auditor (ordinary).
• Approve material related party transactions and inter-corporate loans (ordinary).

Voting Results

• Details of voting results not disclosed in excerpt.

Directors

• Director retiring by rotation to be re-appointed (no name provided).

Auditors

• Statutory auditor appointed.

Material Related Party Transactions

• Approval of material related party transactions and inter-corporate loans/financial assistance.

Maharashtra Corporation Limited trading window closed from Oct 1, 2026 until 48 hours after declaration of financial results for the half-year ended Sept 30, 2026

Book closure details

• Book closure from Sep 24, 2026 to Sep 30, 2026 (inclusive) for 44th AGM
• AGM date: Sep 30, 2026
• Security: equity shares

Financial snapshot

• Revenue from operations: ₹4.50 lakh.
• Total income: ₹10.96 lakh.
• Total expenses: ₹50.99 lakh.
• Profit after tax: ₹-36.62 lakh.
• EPS: ₹-0.01.

Margins and returns

• Net Profit Margin: -8.14%.
• ROCE: -0.01%.
• ROE: -0.01%.
• Debt-Equity: 0.00x.

Balance sheet snapshot

• Equity share capital: ₹6,209.49 lakh.
• Total equity: ₹6,142.47 lakh.
• Total assets: ₹6,172.63 lakh.
• Current ratio: -38.48x.

Cash flow and liquidity

• Cash flow from operating activities: ₹133.83 lakh.
• Net cash change: ₹4.07 lakh.
• Cash at year-end: ₹6.00 lakh.

Capital structure & dividend

• Borrowings: ₹27.89 lakh (current).
• Dividend not declared due to year loss.
• CSR not applicable.

Governance and audit

• Statutory auditors for FY25-26: Bhatter & Associates.
• Riddhi Kishor Trivedi appointed as statutory auditor for 2026-27 to 2029-30 (subject to approval).
• Board composition: 6 directors; 3 independent; 2 executive; 1 non-exec.
• CS changes: Kothari appointed 23 May 2026.

Outlook and risks

• Management expects positive outlook with real estate diversification.
• Key risks: regulatory changes, interest rates, liquidity, project delays.

Related party disclosures

• RPTs are arm's length; approved by Audit Committee.
• Related parties include Visagar Financial, Visagar Polytex, Shalimar Productions, Trisha Studios, etc.
• Maximum related party transactions cap: ₹25 crore per related party for FY2026-27.

CSR status

• CSR applicability: Not applicable.

Results

• Board approved standalone Q1 FY2026 results for quarter ended 30 June 2026.
• Revenue from operations: 0 for the quarter.
• Profit before tax from ordinary activities: (22.52) for the quarter.
• Deferred tax expense: (0.59); total tax: (0.59).
• EPS (basic and diluted): (0.00).
• Single-segment operation; no segment-wise figures published.
• Trading window opens 48 hours after results release.

Review & approvals

• Limited Review Report by Bhatter & Associates issued; moderate assurance.
• Audit committee reviewed results; Board approved on 11 Aug 2026.

Dematerialisation processing status

• Dematerialisation requests for the reporting period were confirmed to the depositories.
• Securities in the certificates have been listed on the exchanges where the existing securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after due verification.
• The depository's name was substituted as registered owner within 15 days.