Mahesh Developers sets Sep 30 AGM for capital hike, borrowing limits
- Mahesh Developers schedules 18th AGM for September 30, 2026
- Net profit rises to ₹13.80 lakh in FY26 from ₹2.34 lakh in FY25
- Shareholders to approve ₹100 crore authorized capital hike
- Board seeks approval for ₹100 crore borrowing limit
*this image is generated using AI for illustrative purposes only.
Mahesh Developers has scheduled its 18th annual general meeting for September 30, 2026. The meeting will be held via video conference at 11:00 am. Remote e-voting opens on September 27, 2026, and closes on September 29, 2026.
The company reported a net profit of ₹13.80 lakh for FY26, up from ₹2.34 lakh in FY25. Total revenue stood at ₹0.17 lakh, reversing a negative revenue figure of ₹49.50 lakh in the previous year.
Key Resolutions
Shareholders will vote on several ordinary and special resolutions:
- Reappointment of Mrs. Jalpa Sapariya as non-executive director.
- Appointment of M/s. Sunit M. Chhatbar & Co. as statutory auditors for five years.
- Increase in authorized share capital from ₹5 crore to ₹100 crore.
- Approval for borrowing monies exceeding paid-up capital, free reserves, and securities premium, capped at ₹100 crore.
- Authority to make investments, loans, guarantees, and securities under Section 186 of the Companies Act, 2013, also capped at ₹100 crore.
Financial Performance
Mahesh Developers generated total revenue of ₹0.17 lakh in FY26. Profit before tax rose to ₹18.65 lakh from ₹3.16 lakh in FY25. After income tax expenses of ₹4.85 lakh, the net profit reached ₹13.80 lakh. Earnings per share were ₹0.33, compared to ₹0.06 in FY25.
| Metric | FY26 | FY25 |
|---|---|---|
| Total Revenue | ₹0.17 lakh | -₹49.50 lakh |
| Profit Before Tax | ₹18.65 lakh | ₹3.16 lakh |
| Net Profit | ₹13.80 lakh | ₹2.34 lakh |
| EPS (Basic) | ₹0.33 | ₹0.06 |
Balance Sheet Highlights
As of March 31, 2026, total assets stood at ₹4,887.33 lakh, up from ₹4,738.57 lakh in FY25. Inventory increased to ₹2,815.00 lakh from ₹2,779.13 lakh. Borrowings rose to ₹1,164.65 lakh from ₹1,084.97 lakh. Trade payables increased to ₹3,138.57 lakh from ₹3,087.81 lakh.
Corporate Governance Updates
Mrs. Jalpa Sapariya retires by rotation and offers herself for reappointment. M/s. Sunit M. Chhatbar & Co. replaces the resigned M/s. Bhairavi Gala & Associates as statutory auditors. The register of members will remain closed from September 24, 2026, to September 30, 2026.
What the Numbers Show
The shift from negative revenue in FY25 to positive net profit in FY26 highlights a stabilization in the company's financial position. While operating revenue remains negligible at ₹0.17 lakh, the reduction in inventory-related losses and controlled expenses contributed to a nearly six-fold increase in net profit. The proposed capital hike signals management's intent to scale operations or secure funding for ongoing projects.
Historical Stock Returns for Mahesh Developers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.00% | -2.36% | -17.06% | 0.0% | 0.0% | 0.0% |
How does Mahesh Developers plan to utilize the proposed increase in authorized share capital from ₹5 crore to ₹100 crore?
What specific projects or operational expansions are anticipated with the approval to borrow up to ₹100 crore?
Given the negligible operating revenue of ₹0.17 lakh, what is driving the significant jump in net profit and positive cash flow?
20
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
