Mahaalaxmi Texpro Limited (formerly Abhishek Corporation Limited) reported a widened net loss of ₹15.37 lakh for the quarter ended June 30, 2026, compared to a loss of ₹8.43 lakh in the quarter ended March 31, 2026. The deterioration in profitability was driven by negligible operating revenue against persistent high fixed costs, particularly finance expenses.

The textile firm’s total revenue stood at just ₹0.06 lakh in Q1FY26, comprising entirely of other income as revenue from operations was nil. This marks a significant contraction from the ₹6.92 lakh total revenue recorded in the final quarter of FY25. The near-absence of top-line growth failed to offset the company’s substantial expense base.

Financial Performance

Finance costs remained the dominant expense head, totaling ₹12.78 lakh, virtually unchanged from the previous quarter’s ₹12.75 lakh. Changes in inventories contributed another ₹1.89 lakh to expenses. The combination of these costs against minimal income resulted in a pre-tax loss of ₹15.37 lakh, which flowed directly to the bottom line given no tax expenses were recorded.

Earnings per share declined to ₹(0.46) from ₹(0.25) in the prior quarter, reflecting the increased loss burden on the unchanged paid-up equity capital of ₹336.96 lakh.

What the Numbers Show

The financial data reveals a critical dependency on non-operating income to sustain any semblance of revenue activity. With revenue from operations at zero, the entire ₹0.06 lakh total revenue figure is derived from other income. This indicates that core textile operations generated no billable value during the period, while fixed obligations like debt servicing continued unabated. The divergence between static high finance costs and collapsed operational revenue highlights the ongoing pressure on the company’s cash flows.

Board Appointment

In other developments, the Board of Directors appointed Mr. Prathamesh Mukund Gaikwad (DIN: 09750896) as an Additional Director in the category of Non-Executive Independent Director, effective August 14, 2026.

Mr. Gaikwad brings over eight years of experience in the fintech ecosystem, including supply chain finance and digital lending. He will hold office until the date of the next Annual General Meeting, subject to shareholder approval. The Nomination and Remuneration Committee recommended his appointment, confirming no inter-se relationship with existing board members.

Mahaalaxmi Texpro Limited has re-appointed CA Nilesh Kothari as its Internal Auditor for the financial year 2026-27. The Board of Directors approved the appointment during a meeting held on June 18, 2026, ensuring continued oversight of the company's functions and activities.

The re-appointment follows the provisions of Section 138 of the Companies Act 2013 read with Rule 13 of the Companies (Accounts) Rules, 2014. The Board meeting, which commenced at 3.00 p.m. and concluded at 3.30 p.m., also addressed compliance requirements under Regulation 30 of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

CA Nilesh Kothari, a Fellow member of the Institute of Chartered Accountants of India, brings over 14 years of experience in accounting, auditing, taxation, and corporate advisory. He is also registered as an Insolvency Professional under the Insolvency and Bankruptcy Code 2016.

Details of Appointment

The disclosure was submitted to the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited as per regulatory norms.