Mahalaxmi Fabric Mills Limited has announced the appointment of CS Hilery Hiteshbhai Mashrani (ICSI Membership No.: A79803) as Company Secretary & Compliance Officer, designated as a Key Managerial Person of the company. The appointment was approved at the meeting of the Board of Directors held on May 14, 2026, at the company's registered office in Ahmedabad. The intimation was made in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 203 of the Companies Act, 2013.

Appointment Details

The key details of the appointment, as disclosed under Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, are summarised below:

Professional Profile

CS Hilery Hiteshbhai Mashrani is a qualified professional holding the qualifications of Company Secretary, LLB, and Bachelor of Commerce (B.Com.). Her professional expertise spans the following areas:

• Corporate governance and compliance
• Legal due diligence
• Strategic compliance advisory
• Interpretation and application of complex legal frameworks and statutory requirements
• Adherence to applicable laws and regulatory standards

She has assisted in various matters relating to corporate compliances and allied legal and regulatory matters, and is noted for her ability to apply complex legal frameworks with precision and diligence, while promoting sound corporate governance and ethical business practices.

Regulatory Compliance

The appointment has been disclosed in accordance with the requirements of Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015. The intimation was signed by Jeetmal B. Parekh, Chairman (DIN: 00512415), on behalf of Mahalaxmi Fabric Mills Limited. The disclosure of relationships between directors is noted as not applicable in this instance, as the appointment pertains to a Key Managerial Person and not a director.

Mahalaxmi Fabric Mills Limited has submitted revised cash flow statements for the financial year 2024-25 to both BSE and NSE, addressing a presentation oversight identified following communication from the National Stock Exchange dated April 7, 2026. The revision pertains to the reclassification of Rs. 1,803.53 lakhs without any impact on the company's actual financial performance or cash position.

Nature of the Revision

The revision addresses an inadvertent clerical and presentation oversight in the original cash flow statement. The company identified that Rs. 1,803.53 lakhs representing insurance claim receivable, which is a non-cash item, was incorrectly presented in two separate sections of the cash flow statement.

Key Financial Impact Assessment

The company has explicitly clarified that the revision has no material impact on its financial position or performance metrics. The reclassification is purely for appropriate presentation and compliance with accounting standards.

Revised Cash Flow Highlights

The revised standalone cash flow statement for FY25 shows net cash flows used in operating activities of Rs. 430.80 lakhs compared to net cash flows from operating activities of Rs. 457.06 lakhs in the previous year. The consolidated cash flow statement indicates net cash flows from operating activities of Rs. 611.89 lakhs for FY25 versus Rs. 457.23 lakhs in FY24.

Regulatory Compliance

The submission demonstrates the company's commitment to maintaining full compliance with applicable accounting standards and regulatory requirements. The revision ensures proper presentation of non-cash items in the cash flow statement, aligning with best practices for financial reporting.

The company has submitted both standalone and consolidated revised cash flow statements to the stock exchanges for record, emphasizing that the matter pertains purely to presentation and classification within the cash flow statement framework.