Please find enclosed herewith Outcome of Board Meeting held on Thursday 13th November, 2025
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Mahalaxmi Seamless Limited held a board meeting on 13 November 2025 and approved three items: (1) unaudited standalone financial results for Q2 and H1 FY26 ended 30 September 2025, (2) appointment of Mr. Elangovan Ramnathan (DIN: 11367574) as an Additional Non-Executive Independent Director, and (3) noted the resignation of Mr. Sushil Ashok Jain (DIN: 00929268) as Director. Revenue from operations stood at ₹45.18 lakhs in Q2 and ₹90.44 lakhs in H1 FY26, slightly lower than ₹94.08 lakhs in H1 FY25. Basic EPS for H1 FY26 was ₹0.37. The auditor (Agrawal Jain & Gupta) issued an unqualified limited review report on the results.
Shareholders should note that the company carries negative other equity of ₹575.02 lakhs against share capital of ₹528.14 lakhs, pushing total equity into negative territory at ₹27.43 lakhs, indicating accumulated losses remain a concern. The director churn (one exit, one independent director appointment) is a routine governance update with no major red flags disclosed.