The 16th Annual General Meeting ('AGM') of the Members of Mahesh Developers Limited will be held on Tuesday, March 31, 2026 at 11:00 a.m. IST at the Registered Office of the Company. Pursuant ....
Awaiting price reaction for this filing.
Mahesh Developers Ltd has scheduled its 16th Annual General Meeting for Tuesday, March 31, 2026, at 11:00 a.m. IST via Video Conference. Along with the AGM notice, the company has submitted its Integrated Annual Report for FY 2023-24. Key financials show a sharp decline in total revenue from ₹656.47 lakhs in FY23 to ₹111.46 lakhs in FY24, with profit after tax falling to ₹2.52 lakhs from ₹6.54 lakhs. The company has declared no dividend for the year and reports only the continuation of an old project with no new projects undertaken. The AGM will also seek shareholder approval for the re-appointment of Mrs. Jalpa Sapariya (DIN: 07918214), who retires by rotation. Remote e-voting will be open from March 28-30, 2026, with a record date of March 20, 2026.
Shareholders should note the steep revenue drop (~83%) and lower profits, with no dividend being declared, indicating weak business momentum. The significantly delayed AGM (FY24 results being tabled nearly two years later in March 2026) may also be a concern for investors tracking governance and disclosure timelines.