Mahalaxmi Fabric Mills will hold its 35th annual general meeting on September 30, 2026, at 2:30 pm via video conferencing. The meeting agenda includes the adoption of financial statements for FY26 and the reappointment of key board members.

The company notified the Bombay Stock Exchange and National Stock Exchange of India Limited regarding the event. In compliance with Ministry of Corporate Affairs circulars, the notice and annual report were dispatched electronically to registered members. The documents are also available on the company website and exchange portals.

Board and Auditor Appointments

Shareholders will vote on the reappointment of Anand Jeetmal Parekh as managing director. Parekh, a Chartered Accountant and second-generation entrepreneur, retires by rotation but is eligible and willing to offer himself for reappointment. He currently holds 17,05,676 equity shares and serves on various committees across Mahalaxmi Group entities.

The meeting also seeks approval for the appointment of M/s. Rohit Periwal & Associates as secretarial auditor for three financial years from FY27 to FY29. This follows the resignation of M/s. Malay Desai & Associates due to pre-occupation with other assignments. The new firm has over seven years of experience in secretarial audits and has no past regulatory orders against it.

Voting and Logistics

Remote e-voting opens on September 27, 2026, at 9:00 am and closes on September 29, 2026, at 5:00 pm. The register of members remains closed from September 24 to September 30, 2026. MUFG Intime India Private Limited serves as the authorized agency for e-voting, with Shri Rohit Periwal appointed as scrutinizer to ensure a fair process.

Mahalaxmi Fabric Mills Limited ( mahalaxmi fabric mills ) reported mixed financial results for the first quarter of FY27, with the standalone entity posting a narrowed net loss while the consolidated group turned marginally profitable. The company’s board of directors approved the unaudited financial results at a meeting held on August 12, 2026.

On a standalone basis, total income from operations fell 14% year-on-year to ₹13.99 crore in Q1FY27, down from ₹11.79 crore in Q1FY26. Despite the revenue decline, the net loss after tax improved significantly to ₹1.78 crore, compared to a loss of ₹1.13 crore in the corresponding quarter of the previous year. This improvement follows a severe loss of ₹10.17 crore in the immediately preceding quarter (Q4FY26).

The consolidated figures presented a different picture. Total income from operations decreased slightly to ₹14.50 crore from ₹12.18 crore in Q1FY26. More notably, the consolidated entity recorded a net profit of ₹0.04 crore, marking a turnaround from the net loss of ₹1.13 crore reported in the same period last year. The consolidated group had also posted a significant loss of ₹10.10 crore in Q4FY26.

What the Numbers Show

A key divergence exists between the standalone and consolidated performance regarding profitability drivers. While the standalone unit continued to operate at a loss, albeit a reduced one, the consolidated group achieved breakeven profitability. This suggests that the wholly owned subsidiary, Mahalaxmi Exports Private Limited, contributed positively to the bottom line, offsetting the parent company’s operational losses. However, the overall revenue contraction across both standalone and consolidated metrics indicates broader headwinds in top-line growth for the quarter.

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the statutory auditors. The consolidated results include the financial data of Mahalaxmi Exports Private Limited, the company’s wholly owned subsidiary.