Mahalaxmi Rubtech Limited announced on July 27, 2026, that M/s. Malay Desai & Associates has resigned from its position as the company’s Secretarial Auditor. The resignation, submitted via a letter dated July 27, 2026, cites pre-occupation with other assignments as the reason for stepping down. This development necessitates the appointment of a new auditor to ensure continued compliance with statutory requirements.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III to the said Regulations. M/s. Malay Desai & Associates, holding ACS number 48838 and CP number 26051, confirmed its resignation with immediate effect in a separate communication to the Board of Directors. The firm explicitly stated it has no objection to the appointment of any other Secretarial Auditor to replace them.

The cessation of services for M/s. Malay Desai & Associates is recorded as of July 27, 2026. In its resignation letter, the firm thanked the company for support during its tenure and wished the organization success in future endeavors. The company acknowledged receipt of the resignation and committed to intimating the stock exchanges regarding the appointment of a new auditor once finalized.

Key Details of Resignation

The Audit Committee and the Board of Directors are responsible for considering the appointment of a new Secretarial Auditor. The company stated that this process will be undertaken in due course, with subsequent intimation provided to the National Stock Exchange of India Limited and BSE Limited. No specific timeline for the new appointment was disclosed in the filing.

Compliance Context

The resignation triggers standard regulatory obligations under the SEBI (LODR) Regulations, 2015. Companies are required to disclose changes in key managerial personnel or auditors promptly to ensure transparency for investors. The filing includes the requisite annexure detailing the name of the outgoing auditor, the reason for change, and the date of cessation. As there is no appointment of a new director or auditor in this filing, fields related to brief profiles and relationship disclosures were marked as not applicable.

Mahalaxmi Rubtech reported a 29.8% increase in net profit to ₹2178.21 lakh for the financial year ended March 31, 2026, compared to ₹1677.70 lakh in the previous year. Revenue from operations for FY26 rose 21.5% to ₹11197.37 lakh from ₹9212.24 lakh in FY25. The company’s Board of Directors approved the audited financial results for the fourth quarter and year ended March 31, 2026, at a meeting held on May 26, 2026. The results were subsequently published in The Indian Express and The Financial Express on May 30, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For the quarter ended March 31, 2026, net profit increased 17.6% to ₹542.62 lakh from ₹461.20 lakh in the corresponding period of the previous year. Revenue from operations for the quarter stood at ₹2956.13 lakh, a 29.3% increase over ₹2287.93 lakh in Q4FY25. Total revenue for the quarter was ₹3083.50 lakh.

Financial Performance

The company’s profit before tax for FY26 was ₹2941.58 lakh, up from ₹2192.75 lakh in the previous year. For Q4FY26, profit before tax was ₹733.43 lakh compared to ₹595.00 lakh in the same quarter last year. Basic earnings per share for FY26 improved to ₹20.51 from ₹15.80 in the prior year. For the quarter, basic EPS was ₹5.11 against ₹4.34 in Q4FY25.

Balance Sheet and Cash Flows

The total assets of the company as of March 31, 2026, stood at ₹11538.22 lakh, up from ₹9847.73 lakh in the previous year. Total equity attributable to owners of the parent increased to ₹9067.45 lakh from ₹6872.69 lakh. Cash and cash equivalents as of March 31, 2026, were ₹1639.52 lakh, compared to ₹1220.20 lakh a year earlier.

Net cash generated from operating activities for FY26 was ₹2768.85 lakh, compared to ₹1373.30 lakh in FY25. The company utilized ₹1994.46 lakh in investing activities and ₹355.07 lakh in financing activities during the year.

Auditor and Disclosures

The statutory auditors, M/s. Jain Chowdhary & Co., Chartered Accountants, issued an independent audit report with an unmodified opinion on the audited financial results. The company confirmed it does not have any subsidiaries, associates, or joint ventures as of March 31, 2026. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.