This is to inform you that pursuant to Regulation 33 of SEBI(LODR) Regulations, 2015, the Board of directors at its meeting held today i.e. 30th May, 2026 has inter alia considered and ....
Awaiting price reaction for this filing.
Mahesh Developers Limited reported audited standalone results for FY2026 with an unmodified (clean) audit opinion. The company posted Profit After Tax (PAT) of Rs. 13.80 Lakhs for the year ended March 2026, up significantly from Rs. 2.34 Lakhs in the previous year - a growth of approximately 490%. However, Revenue from Operations was essentially zero (Rs. 0), with total income of just Rs. 0.17 Lakhs. The profit was primarily driven by an increase in inventory value (Rs. 35.87 Lakhs) due to the company's residential redevelopment project in Khar West, Mumbai. The company remains a partner in M/s Shreeji Life Space (72% share), executing a redevelopment project. Total equity stands at Rs. 409.25 Lakhs with negative reserves of Rs. -5.95 Lakhs.
The stock may see mixed reaction - PAT growth is exceptional at ~490%, but zero operating revenue raises concerns about business sustainability. High debt-to-equity ratio (2.85x) is a concern for financial stability. The clean audit opinion provides some comfort.