We would like to inform you that the Board of Directors of Mahesh Developers Limited ('the Company') at its meeting held on 19th February, 2026 has inter-alia considered, discussed and ....
Awaiting price reaction for this filing.
Mahesh Developers Limited's Board, at its meeting on 19th February 2026, approved the unaudited financial results for the quarter and nine months ended 31st December 2025. The company reported zero revenue from operations for Q3 FY26, same as the previous quarter and year-ago quarter, with only Rs. 0.17 lakhs of total income for the nine-month period. Despite no real business revenue, the company swung to a profit, posting Rs. 2.34 lakhs net profit for Q3 FY26 (vs Rs. 0.49 lakhs in Q3 FY25) and Rs. 5.98 lakhs for 9M FY26 (compared to a loss of Rs. 3.13 lakhs in 9M FY25). EPS stood at Rs. 0.06 for the quarter and Rs. 0.14 for nine months. Reserves and surplus remain negative at Rs. (13.77) lakhs. Auditor Bhairavi & Associates issued an unmodified limited review report with no qualifications.
For shareholders, the company is operating with virtually no revenue and continues to carry negative reserves, which raises concerns about underlying business activity and long-term sustainability. However, the swing to small profits and a clean auditor review provide modest reassurance in the short term, though the stock is likely to remain thinly traded given the weak fundamentals.