Abhishek Corporation Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
Awaiting price reaction for this filing.
Abhishek Corporation Limited has now been renamed to Mahaalaxmi Texpro Limited. The Board approved unaudited standalone financial results for the quarter ended June 30, 2025. Revenue from operations fell sharply to Rs. 80.60 lakhs from Rs. 462.21 lakhs in the same quarter last year, an ~82.6% year-on-year decline. The company reported a net loss of Rs. 20.68 lakhs in Q1 FY26 versus a loss of Rs. 246.29 lakhs in Q1 FY25. Other income of Rs. 330.38 lakhs propped up total revenue to Rs. 410.98 lakhs. The Board also appointed M/s. Shrenik Nagaonkar & Associates as Secretarial Auditor for a 5-year term. The auditor's limited review report notably mentions that the results are being submitted by Management 'authorized by the Liquidator,' suggesting the company is operating under liquidation or insolvency proceedings.
Sharp revenue collapse and continued losses point to serious business stress for shareholders, and the reference to a Liquidator raises significant going-concern concerns. The stock remains a high-risk, thinly-traded name with limited operating visibility.