This is to inform you that the meeting of the Board of Directors of the Company was held on 9th February, 2026 at 12:00 Noon at the registered office of the Company inter alia to approve ....
Awaiting price reaction for this filing.
Mahesh Developers Limited reported unaudited results for Q2 FY26 (quarter ended 30 Sep 2025) with revenue from operations at nil and total income of just Rs 0.17 lakh (entirely from other income). The company posted a profit after tax of Rs 2.01 lakh for the quarter and Rs 3.65 lakh for the half-year, a turnaround from a loss of Rs 3.62 lakh in the corresponding half-year of FY25. Basic EPS stood at Rs 0.05 for the quarter and Rs 0.09 for the half-year. The balance sheet shows total assets of Rs 4,812.25 lakh, borrowings of Rs 1,109.97 lakh, and notably negative other equity (reserves) of Rs (16.11) lakh, indicating accumulated losses. Operating cash flow for the period was negative at Rs (16.09) lakh compared to a positive Rs 93.53 lakh in FY25. The auditor (Bhairavi & Associates) issued an unqualified review report with no qualifications.
For shareholders, the picture is mixed: the company swung to a small profit, but revenue from operations remains effectively zero, reserves are negative, borrowings are roughly 2.8x equity, and operating cash flow turned negative. This is a small-cap realty company with very limited business activity, so results are unlikely to drive meaningful stock movement but the weak operational base is a concern for long-term investors.