This is to inform you that the meeting of the Board of Directors was held on 7th January, 2026 at 12:00 noon at the registered office of the Company inter alia to approve the financial ....
Awaiting price reaction for this filing.
Mahesh Developers Limited, a small Mumbai-based real estate and construction company, reported its Q1 FY26 (quarter ended 30 June 2025) unaudited results after a board meeting held on 7 January 2026. The company recorded no revenue from operations, with total income of just Rs. 0.17 lakhs coming entirely from 'other income'. It posted a profit before tax of Rs. 2.21 lakhs and net profit after tax of Rs. 1.64 lakhs (EPS of Rs. 0.04), swinging from a loss of Rs. 4.38 lakhs in the same quarter last year. Total expenses were negative Rs. 2.04 lakhs due to changes in inventory valuation. The auditor (Bhairavi and Associates) issued an unqualified limited review report. The company is a 72% partner in M/s Shreeji Life Space, which has work-in-progress of Rs. 778.92 lakhs from a residential redevelopment project in Khar West, Mumbai.
The swing back to profitability from a year-ago loss is mildly positive, but the near-zero revenue base and negative reserves and surplus of Rs. (18.12) lakhs indicate the core business remains very small. Future value depends on the Shreeji Life Space redevelopment project monetising. Expect limited immediate stock price reaction given the tiny scale of earnings.