Mahasagar Travels concluded its 33rd Annual General Meeting on September 19, 2026. The gathering saw shareholders approve the company’s standalone financial statements for the fiscal year ended March 31, 2026.

The meeting also witnessed the reappointment of Ms. Kavita A. Bachani as a director, replacing her term that expired by rotation. The proceedings took place at the company’s registered office in Junagadh, Gujarat.

Key Proceedings

Mr. Rajiv N. Mehta, Chairman and Independent Director, presided over the session. The quorum was established with 25 members present throughout the meeting. The agenda included ordinary business items such as the adoption of audited financials and director appointments.

Financial Statements and Audit

The chairman confirmed that the auditor’s report on the standalone financial statements for FY26 contained no qualifications, observations, or comments indicating any adverse effect on the company’s functioning. The report was taken as read in accordance with Section 145 of the Companies Act, 2013.

Voting Process

Shareholders exercised their voting rights through remote e-voting and ballot papers. Remote e-voting was available from September 16 to September 18, 2026. Mr. Pragnesh M. Joshi served as the independent scrutinizer for the voting process.

The consolidated voting results will be uploaded to the company website and submitted to the BSE within two working days of the meeting’s conclusion, as per Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Directors Present

The following directors attended the AGM:

• Mr. Rajiv N. Mehta (Chairman & Independent Director)
• Mr. Bhagchand G. Sukhwani (Managing Director and CEO)
• Mr. Prakash K. Kakkad (Executive Director & CFO)
• Mr. Ravi S. Karia (Non-Executive Director)
• Ms. Kavita A. Bachani (Non-Executive Director)
• Mr. Abhay J. Sukhwani (Non-Executive Director)
• Ms. Deepaben Dharmdasbhai Tejvani (Independent Director)
• Mr. Jasubhai Nanjibhai Barevadia (Independent Director)

Mahasagar Travels reported a net profit of ₹39.73 lakh for the fiscal year ended March 31, 2026, a significant increase from ₹18.03 lakh in FY25. The improvement came despite total revenue declining slightly to ₹361.67 crore from ₹368.18 crore in the previous year.

The company has scheduled its 33rd Annual General Meeting for September 19, 2026, at its registered office in Junagadh, Gujarat. Shareholders holding shares as of the cut-off date of September 11, 2026, are eligible to vote on the resolutions.

Financial Performance

The management attributed the rise in profitability to improved cost management and operational efficiency, even as sales faced marginal pressure. Revenue from operations stood at ₹356.40 crore, while other income contributed ₹68.10 lakh. Total expenses were contained at ₹348.03 crore, down from ₹353.58 crore in FY25.

The travels division generated revenue of ₹205.53 crore, while the petroleum division contributed ₹155.94 crore. Finance costs increased to ₹71.02 lakh from ₹44.47 lakh, reflecting higher borrowings. Non-current assets rose significantly to ₹89.92 crore, driven by additions to property, plant, and equipment.

Agenda and Director Reappointment

The primary ordinary business includes the adoption of the FY26 financial statements along with the reports of the Board of Directors and auditors. Additionally, shareholders will vote on the reappointment of Ms. Kavita A. Bachani as a director. She retires by rotation under Section 152(6) of the Companies Act, 2013, and offers herself for reappointment.

Ms. Bachani has served since January 19, 2016. Her expertise covers accounts, finance, business, and marketing. She attended all seven board meetings held during the year. The disclosure notes she draws nil remuneration and holds no shares in the company. She is related to the managing director, Mr. Bhagchand G. Sukhwani, as the wife of his nephew.

E-Voting and Logistics

The company has enabled remote e-voting through Central Depository Services (India) Limited. The voting window opens on September 16, 2026, at 9:00 am and closes on September 18, 2026, at 5:00 pm. Shareholders who cast remote votes cannot vote again at the physical meeting.

The register of members will remain closed from September 12, 2026, to September 19, 2026. The annual report and notice are available electronically on the company website. Members without registered email addresses are urged to update their details with their depository participants or the registrar to receive communications.