Appointment of Secretarial Auditor
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Awaiting price reaction for this filing.
Maruti Infrastructure reported Q1 FY26 revenue of ₹1,709.72 lakhs, up sharply from ₹542.63 lakhs in Q1 FY25, though down from ₹2,254.29 lakhs in Q4 FY25. Net profit for the quarter stood at ₹27.87 lakhs versus ₹57.68 lakhs in the same quarter last year, with EPS of ₹0.03. The board approved the re-appointment of Mr. Nimesh D Patel as Managing Director for another 3-year term starting August 2026, noting he has been with the company since inception. Two Independent Directors – Mrs. Dipali S. Patel and Mr. Ronak A Mehta – were also re-appointed for a second 5-year term each, subject to shareholder approval. Additionally, Patel Aadeshra and Partners LLP was appointed as the new Secretarial Auditor for a 5-year term covering FY 2025-26 to FY 2029-30.
Routine governance housekeeping with stable board continuity – no resignations, governance flags, or leadership changes. Q1 results show strong revenue growth year-on-year but margin pressure compared to the trailing quarter, which is worth monitoring but not immediately alarming.