Mahalaxmi Seamless Limited reported a net loss of ₹7.35 lakh for the financial year ended March 31, 2026, a reversal from the net profit of ₹25.48 lakh recorded in the previous year. The company's revenue from operations increased marginally to ₹188.82 lakh from ₹186.32 lakh in FY25. The Board of Directors approved the audited financial results for the half year and year ended March 31, 2026, at a meeting held on May 28, 2026.

The financial performance was impacted by elevated expenses, which totaled ₹200.54 lakh for the year, up from ₹170.04 lakh in the prior year. Employee benefits expense rose significantly to ₹124.85 lakh from ₹78.96 lakh, while finance costs stood at ₹20.93 lakh. Depreciation and amortization expenses decreased to ₹19.71 lakh from ₹35.97 lakh. The company reported a basic and diluted earnings per share (EPS) of (₹0.14) for FY26, compared to ₹0.48 in the previous year.

Financial Results Summary

The statutory auditors, M/s Agrawal Jain & Gupta, issued an unmodified opinion on the standalone financial results. The audit was conducted in accordance with the Standards on Auditing specified under the Companies Act, 2013. The board meeting was convened at the registered office in Pipenagar, Raigad, and the intimation was submitted to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mahalaxmi Seamless Limited is not required to disclose related party transactions for the financial year ended March 31, 2026, due to its capital structure. The company communicated this exemption to BSE Limited, citing Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation provides relief from certain corporate governance requirements for smaller entities listed on the main board.

The company qualifies for this exemption as its paid-up equity share capital does not exceed ₹10 crore and its net worth does not exceed ₹25 crore as on the last day of the previous financial year. Consequently, the compliance requirements specified in Regulation 23(9), which mandates the disclosure of related party transactions, do not apply to the entity.

Regulatory Exemption Details

The notification outlines the specific criteria that allow the company to bypass these disclosure norms. The exemption is applicable to listed entities that meet specific financial thresholds or are listed on the SME Exchange. Mahalaxmi Seamless falls under the first category based on its financial metrics.

The letter, signed by Managing Director Vivek Madhavprasad Jalan, confirms that the company will not be submitting the related party transactions disclosure required under Regulation 23(9). The regulatory reference for this non-applicability is the SEBI (LODR) Regulations, 2015.