Maral Overseas Limited has informed the Exchange regarding Appointment of K.G. Goyal & Co as Cost Accountant of the company w.e.f. May 07, 2026. for FY2026-27 (refer para 4 of outcome of Board meeting)
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Maral Overseas reported a strong turnaround in FY2026 with net profit of ₹326.14 lakh, recovering from a net loss of ₹2,419.77 lakh in FY2025. Revenue declined 6.3% to ₹98,086.61 lakh (from ₹1,04,703.43 lakh), impacted by lower fabric and garment segment sales. The Garment segment posted a loss of ₹1,015.74 lakh. EBITDA turned positive at ₹3,368.85 lakh from a loss of ₹853.90 lakh in the prior year. The company declared an unmodified audit opinion from S S Kothari Mehta & Co. LLP. As part of its green energy strategy, the Board approved acquiring a 26% stake in Asawata Energy Private Limited for ₹2.60 lakh to set up a 15 MW solar power plant at its Sarovar facility. The company also appointed K.G. Goyal & Co. as Cost Auditor for FY2026-27 and two Internal Auditors for its divisions.
The company has returned to profitability after two years of losses, signaling operational improvement. However, revenue decline and ongoing garment segment losses remain concerns. The solar investment signals a focus on cost optimization through renewable energy. Positive operating cash flow of ₹8,958.22 lakh strengthens the balance sheet.