Mahalaxmi Fabric Mills Limited reported a consolidated net loss of ₹2.39 lakh for the financial year ended March 31, 2026, compared to a profit of ₹791.07 lakh in the previous year. The financial performance was impacted by exceptional items totaling ₹741.16 lakh, arising from the settlement of insurance claims following a fire incident at its factory premises in November 2024. The company's board approved the audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2026, at a meeting held on May 27, 2026.

Total consolidated revenue for FY26 declined to ₹13905.68 lakh from ₹15518.98 lakh in the previous year. On a standalone basis, the company reported a net loss of ₹1016.94 lakh for FY26, compared to a net profit of ₹361.59 lakh in FY25. Standalone revenue for the year decreased to ₹5543.26 lakh from ₹6488.96 lakh in the prior year. The board also approved the Independent Auditor's Limited Review Report for the period.

Consolidated Financial Performance

The consolidated results include the financial figures of Mahalaxmi Exports Private Limited, the company's wholly-owned subsidiary. For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹155.05 lakh, compared to a net profit of ₹722.98 lakh in the corresponding quarter of the previous year. Total revenue for Q4FY26 stood at ₹3984.66 lakh, down from ₹2715.63 lakh in Q4FY25.

Standalone Financial Results

On a standalone basis, the company reported a net loss of ₹82.65 lakh for the quarter ended March 31, 2026, compared to a net profit of ₹656.76 lakh in the same quarter last year. Revenue from operations for the quarter increased to ₹1455.97 lakh from ₹478.91 lakh in the previous year. However, higher expenses and exceptional items led to a net loss for the quarter and the full year.

Operational and Disclosures

The company confirmed that it has no subsidiaries, associates, or joint ventures other than Mahalaxmi Exports Private Limited. The statutory auditor, M/s. Jain Chowdhary & Co., Chartered Accountants, issued an unmodified opinion on the annual audited financial results. The company has gradually recommenced production operations following the fire incident. The financial results were prepared in compliance with Indian Accounting Standards (Ind AS) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

mahalaxmi fabric mills has re-appointed its internal and tax auditors for the financial year 2026-27. The Board of Directors approved the appointments during its meeting held on May 27, 2026, pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015.

M/s. D. Trivedi & Associates, a firm of practicing chartered accountants with Firm Registration No. 0128309W, was re-appointed as the Internal Auditor. The appointment is effective from May 26, 2025, and follows Section 138 of the Companies Act, 2013. The firm brings over 30 years of experience in taxation, accounts, and audit.

The company also re-appointed M/s. Bhanwar Jain & Co. as the Tax Auditor for the financial year 2026-27 (Assessment Year). This firm, registered with the Institute of Chartered Accountants of India under Registration No. 117340W, has been in practice since 1998. The appointment is pursuant to Section 44AB of the Income Tax Act, 1961, and is effective from May 26, 2025.

The remuneration and terms for both auditor appointments will be mutually agreed upon between the Board and the respective firms. The disclosures regarding these appointments were submitted to the BSE Limited and the National Stock Exchange of India Limited.

Auditor Appointment Details