This is to inform you that the Meeting of the Board of Directors of the Company was held Wednesday 07th January, 2026 at 12.00 Noon at the Registered Office of the Company situated at Uma ....
Awaiting price reaction for this filing.
Mahesh Developers Ltd's Board met on 7 January 2026 and approved the unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations was nil, with only Rs. 0.17 lakh of other income. Despite the lack of operational revenue, the company reported a small net profit of Rs. 1.64 lakh (EPS Rs. 0.04), compared to a loss of Rs. 4.38 lakh in the same quarter last year. Total expenses came in negative at Rs. (2.04) lakh due to changes in inventory. The auditor (Bhairavi & Associates) issued a clean review report with no qualifications. The company's reserves and surplus remain negative at Rs. (18.12) lakh, and it relies on its 72% partnership stake in M/s Shreeji Life Space, which is executing residential redevelopment projects in Khar West, Mumbai with work-in-progress of Rs. 778.92 lakh.
While the swing from loss to profit looks positive, the company has no operational revenue and accumulated losses, meaning profitability is not sustainable from core business. Shareholders should watch for actual project revenue from the partnership firm, as that is the main value driver for the stock.