Enclosed herewith the outcome of board meeting held on May 28, 2025 to consider and approve the audited standalone financial results for the quarter and year ended on March 31, 2025
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The board of Mahasagar Travels Ltd met on May 28, 2025 and approved the audited standalone financial results for the quarter and full year ended March 31, 2025. Statutory auditor M/s B H Advani & Associates issued an unmodified (clean) opinion on the results. The company operates a single reportable segment, 'Petrol Pump', despite its travel-related name. Total assets stood at ₹1,255.83 lacs vs ₹1,278.56 lacs last year, while total equity improved from a negative ₹22.62 lacs to a marginal positive ₹4.58 lacs, indicating the company is only just out of negative net worth. The board also approved the appointment of CS Kishor Dudhatra as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval.
Clean audit opinion is a positive signal, but the razor-thin equity base (just ₹4.58 lacs against borrowings of around ₹277 lacs) leaves the company financially vulnerable. Shareholders should watch for sustained profitability and any equity infusion, as the balance sheet remains weak despite the auditor's unqualified view.