Maral Overseas Limited has informed the Exchange regarding Appointment of BGJC & Associates LLP as Internal Auditor for Sarovar Plant of the company w.e.f. May 07, 2026 for FY2026-2027. (refer para 3 of the outcome of board meeting.)
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Maral Overseas Limited reported strong recovery with FY2025-26 profit after tax of Rs. 326.14 lakh compared to a loss of Rs. 2,419.77 lakh in FY2024-25. Revenue from operations declined to Rs. 98,087 lakh from Rs. 1,04,703 lakh YoY (down ~6.3%). The company turned profitable in Q4 FY26 with PAT of Rs. 1,331 lakh versus a loss of Rs. 23 lakh in Q4 FY25. The Board approved acquiring 26% stake in Asawata Energy Private Limited for Rs. 2.60 lakh to set up a 15 MW solar power plant at Sarovar under the Group Captive model. New internal auditors (BGJC & Associates LLP for Sarovar Division; Agarwal & Saxena LLP for Garment Division) and cost auditor K.G. Goyal & Co. were appointed for FY2026-27. Statutory auditors issued an unmodified opinion.
The company successfully returned to profitability after two consecutive loss-making periods, which should be positively viewed by investors. The strategic solar investment aligns with cost optimization goals. Revenue decline and the ongoing garment segment losses (Rs. 1,016 lakh for FY26) remain concerns requiring monitoring.