Mahendra Realtors & Infrastructure Limited has scheduled an Extra-Ordinary General Meeting (EOGM) for June 11, 2026, at its registered office in Mumbai. The meeting will be conducted to transact business as set forth in the notice, with shareholders eligible to vote via remote e-voting or during the meeting itself. The cut-off date for determining voting rights is June 4, 2026.

In compliance with regulatory circulars, the company has dispensed with sending physical copies of the notice. Electronic copies were dispatched to shareholders with registered email addresses on or before May 19, 2026. The facility for remote e-voting, provided by NSDL, will be active from 9:00 A.M. IST on June 8, 2026, until 5:00 P.M. IST on June 10, 2026.

Shareholders who cast their votes remotely cannot change them subsequently. Those who have voted via e-voting may attend the meeting but are not entitled to vote again. Individuals who acquired shares after the notice dispatch but hold them as of the cut-off date can obtain user credentials by following procedures in the notice or contacting NSDL or the company.

The meeting details and relevant documents are accessible on the company's website, the National Stock Exchange of India Limited website, and the NSDL e-voting portal. Niharika Kothari, Company Secretary & Compliance Officer, signed the intimation on behalf of the Board of Directors.

Key Dates for EOGM

Mahendra Realtors & Infrastructure Limited reported a 19.4% rise in net profit for the financial year ended March 31, 2026, reaching ₹1,774.61 lakh, driven by higher income and efficient cost management. Revenue from operations increased 8.9% to ₹13,586.31 lakh from ₹12,477.18 lakh in the previous year. The board approved the audited financial results for the half year and full year ended March 31, 2026, in its meeting held on May 28, 2026.

For the half year ended March 31, 2026, the company recorded a profit of ₹1,522.30 lakh, a significant increase from ₹919.01 lakh in the corresponding period of the previous year. Revenue for the half year stood at ₹9,564.66 lakh. Total expenditure for the full year rose to ₹11,762.60 lakh from ₹10,821.32 lakh in FY25. Earnings per share (EPS) for the year was ₹8.03, compared to ₹8.55 in the previous year.

The board approved the re-appointment of statutory auditors and internal auditors for the financial year 2026-27. Mr. Vipul M. Somaiya was re-appointed as Internal Auditor, and Ms. Sindhu Nair was re-appointed as Secretarial Auditor. Additionally, Mr. Sushil Kumar Agarwal was appointed as Cost Auditor for FY 2026-27.

Financial Results for FY26

The company's balance sheet reflects a strengthening financial position with total assets growing to ₹18,265.56 lakh as of March 31, 2026, from ₹13,841.30 lakh in the previous year. Shareholders' equity increased to ₹12,403.82 lakh, bolstered by the successful completion of its Initial Public Offering (IPO) in August 2025. Cash and cash equivalents surged to ₹1,171.67 lakh from ₹231.78 lakh.

Joint Venture and IPO Utilization

The board noted a Joint Venture Agreement with M/s Ravi Enterprises for the 'Renovation and Improvement of Ram Ganesh Gadkari Rangayatan' project for the Thane Municipal Corporation. While no investment was made in the joint venture till date, the board approved making the necessary investment during FY 2026-27. The project size is ₹25,83,70,614.

Regarding the IPO proceeds totaling ₹40,17,44,000, the company utilized ₹3,040.00 lakh for working capital requirements and ₹500.31 lakh for general corporate purposes. IPO expenses incurred were ₹477.13 lakh, which was adjusted against the unutilized proceeds allocated for general corporate purposes. The statutory auditors, Mehta Chokshi & Shah LLP, issued an unmodified opinion on the financial results.