Mahalaxmi Rubtech Limited will hold its 35th Annual General Meeting on September 25, 2026. The meeting will address the re-appointment of directors and the revision of managerial remuneration.

The company issued the intimation pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The register of members will remain closed from September 18, 2026, to September 25, 2026, inclusive.

Book Closure Details

Meeting and Voting Process

Shareholders can attend the AGM electronically via Video Conferencing or Other Audio-Visual Means. The proceedings will be deemed conducted at the company's registered office in Ahmedabad. Members holding shares in physical or demat mode must have registered email addresses to receive the notice and annual report for FY26 electronically.

Those without registered emails may update their details with their Depository Participant or send a signed Form ISR-1 along with self-attested identity proofs to the Registrar and Share Transfer Agent, MUFG Intime India Private Limited.

The company engaged MUFG Intime India Private Limited to facilitate remote e-voting. Shareholders can cast votes remotely between September 22 and September 24, 2026, or during the meeting. Members participating via VC/OAVM are deemed present for quorum purposes under Section 103 of the Companies Act, 2013. Physical copies of the annual report will only be dispatched upon specific request by shareholders.

Mahalaxmi Rubtech reported a net profit of ₹5.77 crore for the first quarter ended June 30, 2026, marking a 29.9% year-on-year increase from ₹4.44 crore in the same period last year. The growth was primarily driven by a 25.9% rise in revenue from operations, which stood at ₹31.54 crore compared to ₹25.05 crore in Q1FY26. This performance underscores sustained demand for the company’s offset printing blankets and technical coated fabrics, with earnings per share (EPS) rising to ₹5.43 from ₹4.18 in the prior year quarter.

The Board of Directors approved the unaudited financial results on August 11, 2026, following a meeting held at the company’s registered office in Ahmedabad. The results were reviewed by the Audit Committee and approved in accordance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Jain Chowdhary & Co., the statutory auditor, issued a limited review report confirming compliance with Indian Accounting Standards (Ind AS) 34. The results were subsequently published in “The Indian Express” and “The Financial Express” on August 12, 2026, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.

Financial Performance Highlights

Revenue from operations increased by ₹6.48 crore, while other income more than doubled to ₹1.43 crore from ₹63.35 lakh in the prior year quarter. Total expenditure rose to ₹25.31 crore from ₹19.46 crore, primarily due to higher cost of material consumed, which increased to ₹17.29 crore from ₹13.37 lakh. However, finance costs decreased significantly to ₹8.76 lakh from ₹19.74 lakh, contributing to the bottom-line improvement. Total comprehensive income for the period stood at ₹5.81 crore, up from ₹4.51 crore in Q1FY26.

What the Numbers Show

The divergence between revenue growth (25.9%) and expenditure growth (30.1%) indicates that input costs are rising faster than sales prices. Cost of material consumed accounted for the largest share of expenses, increasing by 29.4% year-on-year. Despite this pressure, the company managed to expand its profit before tax by 23.0%, aided by a sharp decline in finance costs and a substantial jump in other income. This suggests that non-operating gains played a significant role in boosting profitability during the quarter, even as operational margins faced headwinds from higher raw material costs. The absence of exceptional or extraordinary items confirms that the reported profits reflect core operational performance alongside these financial efficiencies.