Outcome of the Board Meeting held on Tuesday, 10th February, 2026
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The Board of Directors of Maharashtra Corporation Limited met on February 10, 2026 and approved the unaudited financial results for the quarter and nine months ended December 31, 2025. Revenue from operations stood at just Rs. 4.50 lakhs for the quarter (down from Rs. 155 lakhs in the comparable nine-month period last year), indicating a near-complete collapse in operating income. The company reported a loss before tax of Rs. 3.56 lakhs in Q3 FY26 and Rs. 35.08 lakhs for the nine-month period, swinging from a profit of Rs. 85.06 lakhs in the same period last year. Basic and diluted EPS for the nine months was negative Rs. 0.01 versus a positive Rs. 0.01 previously. Statutory auditor Bhatter & Associates issued an unmodified limited review report with no qualifications or emphasis of matter.
Sharp revenue decline and a swing to losses signal serious operational weakness for shareholders; the clean auditor's review provides some comfort, but the near-zero top line raises questions about the company's core business viability.