Mahasagar Travels Ltd

Mahasagar Travels Ltd – Closure of Trading Window

AGM Details

• Date and time: 19 September 2026, 11:00 AM IST.
• Mode: physical meeting at Registered Office.
• Record date: 11 September 2026.
• Total shareholders on record: 4,102.

Resolutions

• Resolution 1 (Ordinary): Adopt audited standalone financial statements for FY ended 31 March 2026.
• Resolution 2 (Ordinary): Re-appointment of Kavita A. Bachani by rotation.

Voting results

• Resolution 1: Passed; 100% in favor.
• Resolution 2: Passed; 99.99% in favor, 0.01% against.

Director changes

• Kavita A. Bachani re-appointed by rotation as director.

AGM Details

• Date and time: 19 September 2026 at 11:00 AM.
• Mode: physical meeting with remote e-voting and on-site poll.
• Record date: 11 September 2026 for voting rights.
• Remote e-voting window: 16–18 September 2026; poll at AGM.
• Scrutinizer: report dated 19 September 2026 by Pragnesh M. Joshi.

Key Resolutions and Outcomes

• Resolution 1 (Ordinary): Adopt Audited Standalone Financial Statements for FY2026.
• Outcome: Passed with 100% voting in favour.
• Resolution 2 (Ordinary): Re-appoint Kavita A. Bachani as director by rotation.
• Outcome: Passed with 99.9883% in favour; 0.0117% dissent.

Director Changes

• Director re-appointment: Kavita A. Bachani re-appointed as director (DIN 07310630).

AGM Details

• Date and time: 19 September 2026, 11:00 AM.
• Mode: physical AGM with remote e-voting (Sept 16–18, 2026).
• Venue: registered office, Kalwa Chowk, Junagadh, Gujarat.
• Record date for voting: 7 September 2026.
• Quorum: 25 members present.

Ordinary resolutions

• Adopt standalone financial statements for year ended 31 March 2026.
• Re-appoint Kavita A. Bachani as director by rotation.

Voting status

• Voting results to be declared later; to be posted on website and with stock exchange.
• Consolidated results will be communicated to stock exchange.

Director changes

• Kavita A. Bachani to be re-appointed.

Auditors

• Auditor's report on standalone financials had no qualifications.

AGM notice and AR update

• 33rd AGM scheduled for 19 September 2026 at 11:00 AM IST at Mahasagar House, Junagadh.
• Soft copies of the FY2025-26 AR sent to shareholders with registered email addresses.
• AR and AGM notice available on the company's website.
• Shareholders without registered emails as of Aug 21, 2026 were sent courier letters Aug 25, 2026.
• Web-link with AR access details included in the courier letter.
• Cut-off date for non-email shareholders: August 21, 2026.
• Reminder to update KYC per SEBI circular; dematerialize physical securities.
• KYC formats (ISR-1/2/3, SH-13/14) available on MUFG Intime RTA portal.

Financial highlights

• Total revenue for FY2025-26: ₹36,16,68,081.45.
• EBITDA: ₹2,07,43,412.37.
• Profit before tax: ₹39,73,437.34.
• Net profit for the year: ₹39,73,437.34.
• Dividend not declared due to funds constraints.
• EPS: ₹0.51.
• Market cap at year-end: ₹5,26,85,450; prior year ₹5,64,59,930.
• P/E ratio: 13.14 vs 31.22.

Segments & operations

• Two segments: Travels and Petroleum.
• Travels revenue: ₹20.55 crore; Petroleum: ₹15.59 crore.
• Inter-segment revenue: ₹0.77 crore.
• Travels segment profit: ₹86.04 lakh; Petroleum: ₹11.05 lakh.
• Finance cost: ₹61.36 lakh.
• Company operates two petrol pumps in Junagadh.

Dividend & AGM

• 33rd AGM on 19 Sep 2026 at Mahasagar House.
• Notice and Annual Report emailed to registered shareholders.
• Register close: 12-09-2026 to 19-09-2026.
• Remote e-voting: 16-09-2026 to 18-09-2026; cut-off 11-09-2026.
• Dividend not declared for FY2025-26.
• ISIN: INEOD7G01014; Scrip: MHSGRMS.

Governance & risk management

• Board size eight; three independent; independent chair.
• Independent directors: Rajiv Mehta, Jasubhai Barevadia, Deepaben Tejvani.
• Audit Committee met five times; Chair: Deepaben Tejvani.
• Nomination & Remuneration Committee met twice.
• Stakeholders Relationship Committee met three times.
• Vigil mechanism/Whistleblower in place; separate ID meeting on 28 Mar 2026.

Shareholder information

• Promoter group holds 32.31%; public holds 66.01%.
• Shareholders: 4,074; ISIN: INEOD7G01014.
• Demat connectivity with NSDL and CDSL.
• Listing: BSE; Scrip MHSGRMS; Code 526795.

Audits & compliance

• Statutory auditor: B H Advani & Associates; Secretarial auditor: Kishor Dudhatra.
• Audit report: no qualifications; no fraud reported.
• Non-compliance: newspaper ads for results not published; listing fees pending.
• Governance report and certificates attached.

Taxation & contingencies

• Income tax demands: ₹14.00–₹14.53 million; years listed.
• GST payable: ₹13.35 lakh; ESI payable; Provident Fund payable.
• Contingent liabilities noted; no major other contingencies.

Related party transactions

• Related party transactions in ordinary course, arm's length.
• Booking commissions with related parties: 10–15% with New Shakti Travels, Shakti Travels, Sai Travels, etc.
• Office rent and vehicle hire with associates and KMP relatives.

AGM Details

• AGM date and time: 19 September 2026 at 11:00 AM IST.
• Mode: physical AGM at registered office with remote e-voting facility.
• Record/Book closure: 12 September 2026 to 19 September 2026 (inclusive).
• E-voting cut-off date: 11 September 2026.

Resolutions

• Ordinary: Adoption of Audited Standalone Financial Statements and reports.
• Ordinary: Re-appointment of Kavita A Bachani, retires by rotation.

Voting and Results

• Results to be declared post-AGM and hosted on company website.
• Scrutinizer's report to be filed within two working days of passing.

Director Details

• Director Kavita A Bachani to be re-appointed; retires by rotation.
• Remuneration last drawn: NIL; remuneration proposed: NIL.
• Annexure-I contains re-appointment details.

Financial results

• Unaudited standalone Q1 FY2026 results approved; period ended 30 June 2026.
• Audit Committee reviewed the results prior to Board approval.
• Limited Review Report from statutory auditor attached.

AGM and Scrutiny

• 33rd AGM for 2025-26 approved; to be held on 19 September 2026 at registered office.
• Scrutinizer appointed: Pragnesh M Joshi (FCS 7238; COP No. 7743).

Segment and tax

• One reportable segment: Petroleum Pump.
• Tax: No current-year income tax provision; MAT adjustment of Rs 0.88 lakh included.

Meeting Details

Key Agenda Items

Other Notes