Maral Overseas Limited has informed the Exchange regarding '3) In view of the prevailing financial constraints and other operational priorities, the Capex plan pertaining to the replacement/modernization initiatives in Spinning and Engineering divisions, as well as capacity addition in Yarn Dyeing and Dye house-process fabric, approved by the Board of Directors in their meeting held on 4th November, 2024, has been kept in abeyance for the time being. However, certain critical machineries for improvement in efficiency in production of Fabric and Yarn division are being taken on lease by the Company for smooth operations of the Plant without disruption in production.'.

Maral Overseas reported Q2 FY26 revenue of ₹249.7 crore, down ~7.9% YoY from ₹271.0 crore, with H1 FY26 revenue falling ~9% to ₹475.2 crore. The company posted a Q2 loss before tax of ₹3.14 crore, narrower than ₹7.34 crore loss in Q2 FY25, though H1 FY26 loss widened to ₹15.89 crore. The Garment segment continues to drag with H1 loss of ₹10.35 crore, while Yarn and Fabric remained profitable. The Board has deferred the capex plan (approved in Nov 2024) for Spinning, Engineering, Yarn Dyeing and Dye house expansions citing 'prevailing financial constraints' and is taking critical machinery on lease instead. Operating cash flow improved sharply to ₹56 crore in H1 FY26, but cash balance stands at a critically low ₹15.22 lakh with total borrowings around ₹360 crore against equity of ₹92 crore (debt/equity ~3.9x). The Board also appointed Shri Suman Jyoti Khaitan as Independent Director for 5 years.