Mahesh Developers Files Integrated Annual Report for FY25, Confirms 17th AGM
Mahesh Developers Limited submitted its integrated annual report for FY ended March 31, 2025 to BSE under Regulation 34, revealing revenue decline to -49.50 lakhs from 111.46 lakhs while profit before tax improved to 3.16 lakhs. The company confirmed its 17th AGM on April 10, 2026 with e-voting facility and comprehensive agenda including financial statements adoption and statutory auditor reappointment.
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Mahesh Developers Limited has submitted its integrated annual report for the financial year ended March 31, 2025, to BSE Limited under Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed its 17th Annual General Meeting scheduled for Friday, April 10, 2026, at 11:00 AM through video conference.
Annual Report Submission and Distribution
The company filed the comprehensive annual report on March 17, 2026, which includes the AGM notice, financial statements, Directors' Report, and Independent Auditors' Report. The integrated report will be distributed electronically to members with registered email addresses and is available on the company's website at www.maheshdevelopers.in .
| Parameter: | Details |
|---|---|
| Report Period: | Financial Year ended March 31, 2025 |
| Filing Date: | March 17, 2026 |
| AGM Date: | Friday, April 10, 2026 |
| AGM Time: | 11:00 AM (IST) |
| Mode: | Video Conference |
| Website: | www.maheshdevelopers.in |
Financial Performance Overview
The company's financial statements reveal challenging performance for the year ended March 31, 2025. Total revenue declined significantly compared to the previous year, reflecting operational difficulties.
| Financial Metric: | FY 2024-25 | FY 2023-24 | Change |
|---|---|---|---|
| Total Revenue: | -49.50 lakhs | 111.46 lakhs | Decline |
| Profit Before Tax: | 3.16 lakhs | 2.55 lakhs | +23.9% |
| Net Profit: | 2.34 lakhs | 2.52 lakhs | -7.1% |
| Total Assets: | 4,738.57 lakhs | 4,437.47 lakhs | +6.8% |
AGM Agenda and Corporate Governance
The 17th AGM will address three key resolutions covering ordinary and special business matters. The meeting agenda includes adoption of financial statements, director re-appointment, and statutory auditor appointment for a five-year term.
| Agenda Item: | Type | Details |
|---|---|---|
| Financial Statements: | Ordinary Business | Adoption for FY ended March 31, 2025 |
| Director Re-appointment: | Ordinary Business | Mrs. Jalpa Sapariya (DIN: 07918214) |
| Statutory Auditor: | Special Business | M/S. BHAIRAVI GALA & ASSOCIATES for 2025-2030 |
Board Composition and Meetings
The company maintained active board governance with seven board meetings held during the financial year. The board comprises six directors including executive, non-executive, and independent directors.
| Director Category: | Count | Meeting Attendance |
|---|---|---|
| Executive Directors: | 3 | 100% |
| Non-Executive Women Director: | 1 | 100% |
| Independent Directors: | 2 | 100% |
| Total Meetings Held: | 7 | Full Participation |
E-Voting and Shareholder Participation
To facilitate broader shareholder participation, the company has arranged remote e-voting facility from April 7-9, 2026, between 9:00 AM to 5:00 PM. The Register of Members and Share Transfer Books will remain closed from April 4-10, 2026. Members can access e-voting through CDSL, NSDL, or directly through Bigshare Services Private Limited, the company's registrar and share transfer agent.
Company Information
Mahesh Developers Limited operates under CIN L45200MH2008PLC186276 with BSE scrip code 542677. The company maintains its registered office at Uma Shikhar CHS LTD., Ground Floor, 13th Road, Behind Khar Telephone Exchange, Khar West, Mumbai - 400052, Maharashtra.
What strategic measures will Mahesh Developers implement to reverse the significant revenue decline and return to profitability in FY 2025-26?
How will the appointment of new statutory auditors M/S. BHAIRAVI GALA & ASSOCIATES for the 2025-2030 term impact the company's financial reporting and governance standards?
What factors contributed to the unusual scenario of negative revenue, and does this indicate potential asset write-offs or business restructuring ahead?
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