This is to inform you that pursuant to Regulation 33 of SEBI (LODR), Regulations, 2015, the Board of directors at its meeting held on 27th June, 2025 had approved the Audited Financial ....
Awaiting price reaction for this filing.
Mahesh Developers Ltd has re-submitted its audited standalone financial results for Q4 and FY ended March 2025. Total revenue stood at Rs. 109.16 Lakhs, marginally down from Rs. 111.46 Lakhs in the prior year — a ~2% revenue decline. Profit after tax (PAT) was Rs. 2.34 Lakhs vs Rs. 2.52 Lakhs in FY2024, reflecting a slight decline. The statutory auditor Bhairavi & Associates issued an unmodified (clean) opinion on the financial statements. The company operates in civil construction and real estate development. Balance sheet shows inventory of Rs. 2,779 Lakhs, trade payables of Rs. 3,088 Lakhs (notably high relative to revenue), borrowings of Rs. 1,085 Lakhs, and negative other equity of Rs. (19.75) Lakhs indicating accumulated losses. This filing is a re-submission of previously filed audited results under Regulation 33 of SEBI LODR.
The company remains marginally profitable with PAT of Rs. 2.34 Lakhs, but the combination of high trade payables relative to revenue, negative other equity, and a re-submission of audited results suggests possible financial stress or restatement corrections. Investors should monitor for further clarifications on the restated figures.