This is to inform you that the Meeting of the Board of Directors of the Company was held Monday 07th February, 2026 at 12.00 Noon at the Registered Office of the Company situated at Uma ....
Awaiting price reaction for this filing.
Mahesh Developers' board approved unaudited results for Q2 FY26 (ended 30 Sept 2025). Total income for the quarter was just Rs. 0.17 lakhs and for H1 FY26 was Rs. 0.17 lakhs, as the company recorded no revenue from operations. Despite the negligible top line, it reported a profit after tax of Rs. 3.65 lakhs for H1 FY26, swinging from a loss of Rs. 3.62 lakhs in H1 FY25, with basic EPS of Rs. 0.09. Total assets stood at Rs. 4,812 lakhs, largely comprising real estate inventory of Rs. 2,789 lakhs, while borrowings of Rs. 1,110 lakhs sat against thin equity of Rs. 399 lakhs (reserves are negative at Rs. -16 lakhs). The auditor (Bhairavi & Associates) issued an unqualified review report with no qualifications or emphasis of matter.
The company continues to generate almost no operating revenue, relying on other income and accounting adjustments to post a small profit; cash flow from operations is negative and reserves remain in deficit, which limits near-term financial flexibility for shareholders.