Outcome of the Board Meeting held on 11th August, 2025 for approve the un-audited financial result for the quarter ended June 30, 2025.
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The Board of Maharashtra Corporation Ltd approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). The company reported zero revenue from operations during the quarter, compared to Rs. 65 lakhs in the same quarter last year — a complete drop in income. Total expenses stood at Rs. 30.31 lakhs, largely driven by other expenses (Rs. 26.81 lakhs) and depreciation (Rs. 3.50 lakhs). The company swung from a net profit of Rs. 50.60 lakhs in Q1 FY25 to a net loss of Rs. 30.31 lakhs in Q1 FY26. Additionally, Mr. Vikasjeet Singh (DIN: 11228402) was appointed as an Additional Director (Non-Executive, Non-Independent) effective August 12, 2025. The statutory auditors (Bhatter & Associates) issued an unmodified limited review report with no qualifications.
With zero revenue and rising expenses, shareholders should note the company is burning cash and currently loss-making at the operating level. The sharp revenue disappearance and turnaround to losses are negative signals, though the large paid-up equity capital of Rs. 6,236.01 lakhs provides some buffer. Investors should watch whether revenue resumes in coming quarters.