This is to inform you that pursuant to Regulation 33 of SEBI ((Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board of Directors at its meeting held Saturday, 30th ....
Awaiting price reaction for this filing.
Mahesh Developers Limited reported FY2026 profit after tax of Rs. 13.80 lakhs, up from Rs. 2.34 lakhs in FY2025 — a PAT growth of approximately 490%. Revenue from operations was zero, with total income of only Rs. 0.17 lakhs from other income. The company operates in civil construction and real estate development, and is a partner in a residential redevelopment project in Khar West, Mumbai. The auditor issued an unmodified (clean) opinion on the standalone financial results. Negative reserves (Other Equity: Rs. -5.95 lakhs) improved from Rs. -19.75 lakhs in the prior year. Borrowings stand at Rs. 1,164.65 lakhs against equity of Rs. 409.25 lakhs. Cash flow from operations was negative at Rs. -66.95 lakhs for the year.
The company showed strong profit growth year-on-year, but zero operating revenue and negative operating cash flow are significant red flags. Shareholders should monitor whether the partnership project generates meaningful revenue going forward.