Board of Directors in their meeting held today, approved inter-alia 1. Un-audited Financial Results for the quarter ended 30th June, 2025; 2. Issuance of upto 30,00,000 Lakh @9.25% p.a. Redeemable Non-Convertible Cumulative Preference Shares of face value of Rs. 100/- each on private placement basis to Promoter and Promoter Group subject to approval of shareholders; and 3. Alteration of object clause of Memorandum of Association of the Company
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Maral Overseas reported a weak set of numbers for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations fell to ₹22,549.59 lakh, down about 10% year-on-year from ₹25,092.28 lakh and sharply lower than ₹27,470.01 lakh in Q4 FY25. The company slipped into a deeper loss of ₹1,256.98 lakh versus a loss of ₹644.83 lakh in the same quarter last year, with EPS at ₹(3.03) versus ₹(1.55). The garment segment continued to bleed with a ₹579.30 lakh segment loss, while yarn and fabric segments also saw profits shrink. Separately, the Board approved issuing up to 30 lakh 9.25% cumulative redeemable preference shares (face value ₹100, aggregating up to ₹30 crore) to the promoter group on a private placement basis, subject to shareholder nod at the 29 August AGM. The Board also amended the MOA to add captive power generation as a main object, as required by the Madhya Pradesh electricity regulator.
For shareholders, the widening quarterly loss and a full-year FY25 loss of ₹2,419.71 lakh highlight ongoing stress in the garment business and margin pressure. The promoter-funded preference share issue brings up to ₹30 crore of support but creates a 9.25% cumulative dividend obligation without equity dilution. MOA changes are regulatory housekeeping for captive power and unlikely to move the stock.