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 Friday 27th ....
Awaiting price reaction for this filing.
Mahesh Developers Ltd filed a revised board meeting outcome re-submitting its audited standalone financial results for Q4 and FY ended March 31, 2025 (originally approved at a board meeting on June 27, 2025). Revenue from operations surged sharply to Rs. 109.16 lakhs in FY25 from just Rs. 2.55 lakhs in FY24, though total revenue was offset by a Rs. 49.50 lakh inventory value decline. The company reported a marginal net profit of Rs. 2.34 lakhs for FY25 versus Rs. 2.52 lakhs in FY24, while Q4 FY25 alone posted a net loss of Rs. 6.29 lakhs. Auditor Bhairavi & Associates issued an unmodified (clean) opinion on the results. The balance sheet shows negative other equity of Rs. (19.75) lakhs and borrowings of Rs. 1,084.97 lakhs against total equity of Rs. 395.45 lakhs, indicating a high debt burden.
The re-submission of audited results months after the original approval may raise minor governance questions, though the clean audit opinion is reassuring. The company remains only marginally profitable with a high debt-to-equity ratio (~2.7x) and accumulated losses in reserves, signalling a weak financial position that shareholders should monitor closely.