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.

Mahesh Developers Limited has disclosed the voting results of its 16th Annual General Meeting held on March 31, 2026, demonstrating overwhelming shareholder support with both resolutions approved by 99.99% of votes cast. The Mumbai-based real estate development company submitted the scrutinizer's report to BSE Limited on April 1, 2026, fulfilling regulatory requirements under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Overview and Proceedings

The Annual General Meeting was conducted through video conferencing from 11:00 AM to 11:15 AM IST, with Managing Director Mahesh Ratilal Sapariya chairing the session. The company provided electronic voting facilities to all eligible shareholders, with the cut-off date set as March 6, 2026, for determining voting entitlements.

Electronic Voting Process and Timeline

The remote e-voting facility was made available through Bigshare E-voting system from March 28, 2026, at 9:00 AM IST to March 30, 2026, at 5:00 PM IST. CS Khushal Bherulal Bajaj, a practicing Company Secretary from Nagpur, served as the appointed scrutinizer for the voting process, ensuring compliance with the Companies Act, 2013 and applicable regulations.

Voting Results and Resolution Outcomes

Both agenda items received exceptional shareholder support, with identical voting patterns across resolutions. The first resolution concerning the adoption of financial statements for the financial year ended March 31, 2024, along with Directors' and Auditors' Reports, was approved with remarkable consensus.

The second resolution regarding the re-appointment of Mrs. Jalpa Sapariya (DIN: 07918214) as director, who retired by rotation, received identical support from shareholders.

Regulatory Compliance and Documentation

The scrutinizer's report, bearing UDIN A049466H000003937 and dated April 1, 2026, confirmed that all resolutions were passed with requisite majority and deemed effective from the AGM date. The company maintained full compliance with regulatory requirements, with no invalid or abstained votes recorded for either resolution.

Mahesh Developers Limited, incorporated under CIN L45200MH2008PLC186276, operates from its registered office at Uma Shikhar CHS LTD., Ground Floor, 13th Road, Behind Khar Telephone Exchange, Khar West, Mumbai - 400 052, Maharashtra. The company trades on BSE under script code 542677, demonstrating its commitment to transparent corporate governance and stakeholder engagement through this successful AGM completion.