With reference to the above, we hereby inform you that the meeting of Board of Directors of the Company was held on Friday, 13th February, 2026 at 04.00 p.m. In the said meeting the Board ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Mahalaxmi Seamless Limited met on February 13, 2026, and approved the unaudited financial results for the quarter and nine months ended December 31, 2025. Based on the figures in the filing, revenue from operations declined modestly on a year-on-year basis for both the quarter (~Rs 45.28 crore vs ~Rs 47.10 crore) and the nine-month period (~Rs 136.28 crore vs ~Rs 141.18 crore). Profit after tax for the quarter dropped sharply (from ~Rs 10.06 crore in Q3 FY25 to ~Rs 0.23 crore in Q3 FY26), with nine-month PAT also materially lower than the previous year. The statutory auditor, Agrawal Jain & Gupta, issued an unqualified (clean) limited review report. Notably, the company's 'Other Equity' on the balance sheet stands at a negative Rs 575.02 lakh, indicating accumulated losses have eroded shareholder reserves.
Sharply weaker profitability despite stable top-line points to margin compression. The negative other equity is a red flag on balance sheet strength, though the clean audit review removes immediate concerns about reporting quality.