Mafia Trends Limited reported a robust performance for FY26, with revenue from operations rising 89.7% YoY to ₹1,513.45 lakh. Net profit after tax grew 15.9% to ₹47.31 lakh, reflecting improved operational efficiency despite margin pressures.

The company has filed its Annual Report for FY2025-26 and issued the notice for its 9th Annual General Meeting (AGM), scheduled for Wednesday, September 30, 2026 at 3:00 pm at its registered office in Vastrapur, Ahmedabad. The AGM will transact ordinary and special business, including adoption of audited financial statements, re-appointment of a director retiring by rotation, and regularisation of a newly appointed independent director.

Financial performance highlights

The company delivered significant top-line growth in FY26, driven by store expansion and improved inventory turnover. While revenue nearly doubled, profitability growth was moderated by higher costs and working capital changes.

The net profit margin declined to 3.13% in FY26 from 5.12% in FY25, primarily due to increased purchase costs and finance charges. The return on equity also decreased to 1.45% from 2.57% due to higher retained earnings base.

What the numbers show

A critical divergence exists between the aggressive revenue growth and the stagnation in cash flows. Despite an 89.7% jump in revenue, cash generated from operating activities was only ₹1.19 lakh in FY26, compared to a negative ₹204.20 lakh in FY25. This is largely attributed to a massive surge in trade receivables, which ballooned from ₹36.68 lakh to ₹318.89 lakh, indicating significant collection pressure or extended credit terms to customers. Simultaneously, trade payables rose to ₹378.89 lakh from ₹248.63 lakh, suggesting the company is relying more on supplier credit to fund its working capital needs.

AGM key details

The following table summarises the key logistics and governance parameters for the 9th AGM:

Business to be transacted

The AGM agenda covers both ordinary and special business. Under ordinary business, members will consider adoption of the audited Balance Sheet as at March 31, 2026 and the Statement of Profit and Loss for the year ended on that date, along with the reports of the Board of Directors and auditors. Members will also consider the re-appointment of Mr. Mahendra Singh Rajpurohit (DIN: 07684132), who retires by rotation.

Under special business, members will vote on the regularisation and appointment of Mr. Dharmesh Mithabhai Patel (DIN: 11389357) as a Non-Executive Independent Director for a term of five consecutive years from November 28, 2025 to November 27, 2030, not liable to retire by rotation. Mr. Patel was appointed as an Additional Director by the Board on November 28, 2025, on the recommendation of the Nomination and Remuneration Committee.

Director profiles

The following table provides details of the directors proposed for appointment or re-appointment at the 9th AGM:

E-voting process

Members holding shares as on the cut-off date of September 23, 2026 are eligible to vote. Remote e-voting is facilitated through the NSDL platform. Individual shareholders holding securities in demat mode may vote through their demat accounts maintained with NSDL or CDSL. Members who have not cast their vote through remote e-voting may do so during the AGM through the e-voting system. Members who have voted through remote e-voting may attend the AGM but will not be eligible to vote again at the meeting.

For technical issues related to NSDL login, members may contact the NSDL helpdesk at evoting@nsdl.com or call 022-4886 7000. For CDSL-related queries, members may contact helpdesk.evoting@cdslindia.com or the toll-free number 1800-21-09911. The Annual Report, AGM notice, and related documents are available on the company's website at www.mafialifestyle.in and on the BSE Limited website at www.bseindia.com .

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0KQQ01011/67e8fd87-e268-4da8-ade2-3313f0e64bbe.pdf

Mafia Trends Limited scheduled its ninth annual general meeting (AGM) for Wednesday, September 30, 2026. The company also fixed September 23, 2026, as the cut-off date to determine shareholder eligibility for voting rights.

The board meeting held on Tuesday, September 22, 2026, considered and approved the notice convening the AGM. The meeting will take place at the registered office in Ahmedabad, Gujarat, at 3:00 pm IST. Members will be able to exercise their voting rights through remote e-voting and at the physical meeting.

Director regularization and annual report approval

The board approved the proposal to regularize Dharmesh Mithabhai Patel (DIN: 11389357) as a non-executive independent director. Currently serving as an additional director, Patel’s tenure is set for five consecutive years from November 28, 2025, to November 27, 2030. This appointment is subject to approval by members at the ensuing AGM. The disclosure regarding this proposed appointment was previously submitted to the exchange on November 28, 2025.

Additionally, the board approved the board report and the annual report for the financial year ended March 31, 2026. This includes the audited standalone financial statements and the reports thereon. M/s Brajesh Gupta & Co, practising company secretaries, were appointed as scrutinizers to conduct the e-voting process fairly.

Meeting details

The board meeting commenced at 4:30 pm and concluded at 5:30 pm. The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.