Maral Overseas Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
MARALOVER · price
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Awaiting price reaction for this filing.
Maral Overseas reported weak Q1 FY26 (quarter ended 30 June 2025) results with revenue from operations falling to ₹22,549.59 lakhs from ₹25,092.28 lakhs in the same quarter last year, a decline of about 10%. The company slipped into a deeper loss of ₹1,256.98 lakhs versus a loss of ₹644.83 lakhs in Q1 FY25, with EPS worsening to ₹(3.03) from ₹(1.55). All three segments — Yarn, Fabric, and Garment — saw lower profits or higher losses, with the Garment segment posting a loss of ₹579.30 lakhs. Separately, the board approved issuing up to 30 lakh redeemable non-convertible cumulative preference shares at 9.25% p.a. to the promoter group on a private placement basis, subject to shareholder approval at the AGM on 29 August 2025. The company also amended its MOA to add 'generation of electricity for captive consumption' as a main object, in line with Madhya Pradesh Electricity Regulatory Commission requirements. The statutory auditor (S S Kothari Mehta & Co. LLP) issued an unqualified limited review report.
Worsening quarterly losses, declining revenue, and persistent stress in the Garment segment are negative signals for the stock. The promoter-group preference share infusion (₹30 crore potential) signals continued promoter support but also increases the company's preference share obligations. The MOA amendment paves the way for captive power generation, which could help reduce future power costs.