Mahesh Developers Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026. The certificate was issued by Bigshare Services Private Limited, the company's Registrar and Share Transfer Agent, confirming adherence to dematerialization processes and regulatory requirements.

Regulatory Compliance Filing

Managing Director Mahesh Ratilal Sapariya (DIN: 00414104) submitted the certificate to the Bombay Stock Exchange on April 12, 2026. The filing covers the period from January 1, 2026, to March 31, 2026, ensuring transparency in the company's share transfer and dematerialization activities.

Certificate Confirmation by Bigshare Services

Bigshare Services Private Limited issued the certificate on April 8, 2026, confirming that all securities received from depository participants for dematerialization up to March 31, 2026, were properly processed. The certificate validates that security certificates received for dematerialization have been mutilated and cancelled after due verification by the depository participant.

Dematerialization Process Compliance

The certificate confirms that the company has maintained proper records and followed prescribed procedures for share dematerialization. All securities comprised in the certificates have been listed on the stock exchange where the earlier issued securities are listed, and the names of depositories have been substituted in the register of members as registered owners within the stipulated 15-day timeline.

This quarterly filing demonstrates Mahesh Developers Limited's commitment to regulatory compliance and transparent corporate governance practices. The company continues to work with Bigshare Services Private Limited to ensure smooth processing of share transfers and dematerialization activities for its shareholders.

Mahesh Developers Limited announced its audited financial results for the quarter and year ended March 31, 2025, following approval by the Board of Directors at a meeting held on June 27, 2025. The Mumbai-based real estate development company reported mixed performance with improved quarterly results but slightly lower annual profits.

Financial Performance Overview

The company's financial performance showed contrasting trends between quarterly and annual results:

For the fourth quarter ended March 31, 2025, Mahesh Developers reported a net profit of ₹5.47 lakhs, marking a significant turnaround from the loss of ₹3.84 lakhs recorded in Q4FY24. However, the full-year performance showed a marginal decline, with net profit decreasing to ₹2.34 lakhs in FY25 from ₹2.52 lakhs in FY24.

Balance Sheet Position

The company's balance sheet reflected growth in total assets and changes in financial structure:

Total assets increased to ₹4,738.57 lakhs as of March 31, 2025, compared to ₹4,437.47 lakhs in the previous year. The company maintained substantial inventory holdings of ₹2,779.13 lakhs, reflecting its ongoing real estate development activities.

Operational Highlights

The company operates primarily in civil construction and real estate development, with a significant partnership interest in M/s Shreeji Life Space:

The partnership is executing residential redevelopment projects, with work-in-progress valued at ₹769.93 lakhs as of March 31, 2025.

Cash Flow Analysis

The cash flow statement revealed positive operating cash generation:

The company generated strong operating cash flows of ₹93.53 lakhs in FY25, significantly higher than ₹39.93 lakhs in FY24. Cash and cash equivalents increased marginally to ₹72.42 lakhs from ₹69.97 lakhs.

Regulatory Compliance

The audited financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and received an unmodified audit opinion from BHAIRAVI & ASSOCIATES, Chartered Accountants. The results comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and have been submitted to BSE Limited where the company's equity shares are listed under scrip code 542677.