Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Maharashtra Corporation Ltd approved the audited financial results for Q4 and FY ended March 31, 2026. The company reported a significant deterioration, swinging from a profit before tax of Rs 11.07 lakhs in FY25 to a loss of Rs 40.04 lakhs in FY26. Total equity stands at Rs 6,142.48 lakhs, though reserves are negative at Rs (67.01) lakhs, indicating accumulated losses. The statutory auditor M/s. Bhatter & Associates issued an unmodified (clean) audit opinion confirming true and fair view of the financial statements. The board also reappointed Mr. Lakhpat M. Trivedi as Internal Auditor for FY 2026-27. Trading window will open 48 hours after results publication.
The company has swung to losses in FY26 from profits in the previous year, which is negative for shareholders. However, the clean audit opinion provides some comfort regarding financial reporting integrity.