Maitri Enterprises has approved a corporate guarantee of up to ₹40 crore to secure credit facilities for its related party, Gayatri Infrastructure Limited (GIL). The Board also authorised related-party transactions with GIL capped at ₹250 crore per financial year for the next three years.

The decisions were taken during the Board meeting held on September 5, 2026. The company also approved its audited standalone and consolidated financial statements for FY26 and fixed September 30, 2026, as the date for its 35th Annual General Meeting (AGM).

Corporate Guarantee Details

The proposed guarantee is in favour of Bank of India to secure term loans for GIL. The funds are intended for the construction and development of the "Maitri Elevate Scheme" in Motera, Ahmedabad.

The guarantee creates a contingent exposure for Maitri Enterprises but does not involve an immediate cash outflow upon issuance. It forms part of an additional limit of ₹200 crore approved by the Board over and above the limits prescribed under Section 186(2) of the Companies Act, 2013. This additional limit requires shareholder approval via a Special Resolution.

Related-Party Transactions

The Board approved transactions with GIL, a related party, subject to member approval. The aggregate value of these transactions will not exceed ₹250 crore in each fiscal year from FY27 to FY29. This represents an increase from the previous annual limit of ₹100 crore, reflecting the scale of continuing business requirements in infrastructure and real-estate activities.

Promoter interest in GIL is significant. Directors Mr. Rameshlal B. Ambwani, Mr. Deepak R. Ambwani, Mr. Jaikishan R. Ambwani, and Mrs. Sarla Jaikishan Ambwani collectively hold 26.77% of GIL’s equity share capital. The Company itself is also a shareholder in GIL.

Governance Appointments

The Board recommended the regularisation of Mr. Bharat Ramjibhai Sisodia as a Non-Executive Independent Director for a five-year term commencing November 14, 2025, up to November 13, 2030. This appointment is subject to shareholder approval at the AGM. Mr. Sisodia brings experience in environmental sustainability and community engagement to the Board.

Additionally, the Board appointed M/s Nisarg Sharma & Associates as the Secretarial Auditor for five consecutive financial years from FY27 to FY31. The firm’s remuneration will not exceed ₹2 lakh per financial year, plus applicable taxes and reimbursement of actual out-of-pocket expenses. Mr. Deepak Rameshlal Ambwani retires by rotation at the AGM and offers himself for re-appointment.

What the Numbers Show

The approval of a ₹40 crore guarantee alongside a ₹250 crore annual related-party transaction limit highlights the operational interdependence between Maitri Enterprises and Gayatri Infrastructure Limited. With promoters holding nearly 27% of GIL’s equity, these approvals underscore the concentration of group activity within the infrastructure development segment, specifically the Maitri Elevate Scheme project.

Maitri Enterprises approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, at a board meeting held on August 12, 2026. The company also announced several key management appointments and addressed a procedural compliance oversight with the stock exchange.

The board considered the financial results alongside limited review reports. While specific revenue or profit figures were not disclosed in the board outcome letter, the approval marks the completion of the Q1FY27 reporting cycle for the entity. Trading in the company’s securities, which had been closed since July 1, 2026, is scheduled to reopen 48 hours after the declaration of these results.

Key Management Appointments

The board transacted several personnel changes during the meeting to strengthen internal controls and compliance structures:

• Company Secretary: Ms. Rajshree Jain (ICSI Membership No. A80535) was appointed as Company Secretary and Compliance Officer effective August 12, 2026. She brings experience in corporate law, SEBI compliances, and secretarial audits.
• Internal Auditor: CA Bunty Rajkumar Talreja (Membership No. 139683) was appointed as Internal Auditor for FY27 under Section 138 of the Companies Act, 2013.
• Secretarial Auditor: M/s. Nisarg Sharma & Associates was appointed to fill the casual vacancy left by M/s. SJV & Associates. The new firm will conduct the secretarial audit for FY26 until the next Annual General Meeting.

M/s. SJV & Associates resigned from the role of Secretarial Auditor due to the expiry of its Peer Review Certificate, which prevented it from continuing the audit.

Compliance Clarification

In a separate communication dated August 22, 2026, the company clarified an inadvertent omission regarding the separate intimation of Ms. Jain’s appointment under Regulation 30 of the SEBI (LODR) Regulations, 2015. The company stated that while the appointment was disclosed in the Board Meeting Outcome and XBRL filings, the specific regulatory tag for "Change in Management" was missed due to procedural oversight. Management assured that internal compliance mechanisms have been strengthened to prevent such delays in future filings.