Maral Overseas Limited has informed the Exchange regarding Appointment of M/s Ashim & Associates and GSA & Associates LLP, as Internal Auditors of the company for the Financial Year 2024-25, M/s/ K.G. Goyal & Co, Cost accountant, as cost auditors for FY2025-26 and M/s. Manisha Gupta & Associates, Practicing Company Secretaries, as Secretarial Auditor for 5 years subject to approval of Shareholders.
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Maral Overseas Limited's Board, at its meeting on 8th May 2025, approved audited financial results for Q4 and FY ended 31st March 2025, with the statutory auditor (S S Kothari Mehta & Co. LLP) issuing an unmodified (unqualified) opinion. FY25 revenue from operations rose to ₹1,04,703 lakhs from ₹96,006 lakhs in FY24, a growth of about 9%. However, the company reported a wider net loss of ₹2,420 lakhs in FY25 versus ₹977 lakhs in FY24, with EPS of ₹(5.83). The Garment segment continued to drag with a segment loss of ₹1,887 lakhs for the year. The Board also appointed Ashim & Associates and GSA & Associates LLP as Internal Auditors and K.G. Goyal & Co. as Cost Auditor for FY 2025-26, and Manisha Gupta & Associates as Secretarial Auditor for five years subject to shareholder approval.
Mixed signal for shareholders: revenue is growing but losses have deepened sharply, and the company carries a high debt burden (total borrowings of about ₹41,553 lakhs against equity of ₹10,889 lakhs), which may keep the stock under pressure in the near term. The clean audit opinion and stable auditor appointments are routine positives and do not change the fundamental picture.