Maral Overseas reports re-lodgment of physical share transfer requests for May 2026

Maral Overseas has submitted a report to the stock exchanges regarding the re-lodgment of transfer requests for physical shares for May 2026. The disclosure follows the directives of a SEBI circular dated January 30, 2026, which established a special window for such requests. The company's Registrar and Share Transfer Agent, MCS Share Transfer Agent Limited, confirmed the receipt and processing status of these requests for the specified period.

During May 2026, the agent received two requests for the re-lodgment of physical share transfers. Both requests were processed, but neither was approved. The data indicates that all requests received during the month were rejected, resulting in zero approvals. The average time taken for the processing of these requests was recorded as 10 days.

The rejections were attributed to specific documentation deficiencies. The requests involved transferor Jayanta Banerkee transferring 100 shares each to purchasers Sudha Agarwal and Ram Chand Mool Chandani. The rejection for the transfer to Sudha Agarwal cited a requirement for proof of purchase, self-attested PAN, Aadhaar, and ISR 2 of the transferor, and the Demat Transaction Request form as per NSDL and CDSL formats. The reason for the rejection regarding the transfer to Ram Chand Mool Chandani was not specified in the report.

Status of Re-lodgment Requests for May 2026

Metric	Count
Requests Received	02
Requests Processed	02
Requests Approved	0
Requests Rejected	02
Avg. Processing Time	10 Days

Details of Rejected Requests

Transferor	Purchaser	Shares	Reason for Rejection
Jayanta Banerkee	Sudha Agarwal	100	Proof of purchase, self-attested PAN/Aadhaar/ISR 2, and Demat Transaction Request form required
Jayanta Banerkee	Ram Chand Mool Chandani	100	Not specified

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.91%	-0.58%	-0.80%	+27.01%	-23.60%	+35.39%

Maral Overseas Limited has announced its audited financial results for the quarter and year ended 31st March 2026, reporting a return to profitability. The Board of Directors, at their meeting held on 7th May 2026, approved the results alongside a strategic stake acquisition in a solar energy special purpose vehicle (SPV), appointment of internal and cost auditors for FY27, and key regulatory notices for shareholders. The company also submitted copies of newspaper publications made in Business Standard and Navbharat on 8th May 2026 regarding these results.

Financial Performance: A Return to Profitability

Maral Overseas recorded a net profit of ₹326.14 lakh for the year ended 31st March 2026, a significant reversal from the net loss of ₹2,419.77 lakh reported in the previous fiscal year. For the quarter ended 31st March 2026, net profit stood at ₹1,331.09 lakh, compared to a net loss of ₹22.80 lakh in the corresponding quarter of the previous year. The statutory auditors, M/s. S S Kothari Mehta & Co. LLP, issued an unqualified (unmodified) audit report on these results. An exceptional item of ₹59.83 lakh was recognised during the year, representing the estimated incremental impact of the New Labour Codes effective 21st November 2025, which consolidated 29 existing labour regulations into 4 codes and resulted in increased provisions for employee benefits due to recognition of past service costs.

The following table summarises the key financial metrics (₹ in lakh):

Metric:	Q4 FY26 (31.03.2026)	Q3 FY26 (31.12.2025)	Q4 FY25 (31.03.2025)	FY26 (Year Ended 31.03.2026)	FY25 (Year Ended 31.03.2025)
Revenue from Operations:	25,822.24	24,744.52	27,470.01	98,086.61	1,04,703.43
Other Income:	981.51	426.94	678.27	2,337.51	2,256.86
Total Income:	26,803.75	25,171.46	28,148.28	1,00,424.12	1,06,960.29
Total Expenses:	25,681.50	24,544.10	28,191.37	1,00,263.68	1,09,523.50
Profit/(Loss) Before Exceptional Items & Tax:	1,122.25	627.36	(43.09)	160.44	(2,563.21)
Exceptional Items:	-	59.83	-	59.83	-
Profit/(Loss) Before Tax:	1,122.25	567.53	(43.09)	100.61	(2,563.21)
Net Profit/(Loss):	1,331.09	530.49	(22.80)	326.14	(2,419.77)
Total Comprehensive Income/(Loss):	1,227.40	619.20	71.12	184.52	(2,264.85)
Basic EPS (₹):	3.21	1.28	(0.06)	0.79	(5.83)
Diluted EPS (₹):	3.21	1.28	(0.06)	0.79	(5.83)
Equity Share Capital:	4,150.80	4,150.80	4,150.80	4,150.80	4,150.80
Other Equity (Reserves):	-	-	-	6,922.78	6,738.26

Segment-wise Performance

Across its three business segments, the Yarn division remained the largest contributor to revenue. The following table presents segment-wise revenue and results for the quarter and year ended 31st March 2026 (₹ in lakh):

Segment Revenue:	Q4 FY26	Q3 FY26	Q4 FY25	FY26	FY25
Yarn:	17,470.61	17,001.67	17,429.18	68,096.22	69,020.52
Fabric:	7,779.50	8,450.84	9,126.38	31,484.04	33,212.41
Garment:	5,096.61	5,557.34	5,672.71	19,007.33	23,443.26
Total Segment Revenue:	30,346.72	31,009.85	32,228.27	1,18,587.59	1,25,676.19
Less: Inter-Segment Revenue:	4,524.48	6,265.33	4,758.26	20,500.98	20,972.76
Net Revenue from Operations:	25,822.24	24,744.52	27,470.01	98,086.61	1,04,703.43

Segment Result (Profit/Loss before interest & tax):	Q4 FY26	Q3 FY26	Q4 FY25	FY26	FY25
Yarn:	1,493.81	935.71	759.11	3,337.51	1,977.06
Fabric:	603.29	665.72	479.25	1,865.11	1,369.39
Garment:	24.11	(4.40)	(308.08)	(1,015.74)	(1,887.09)
Total Segment Result:	2,121.21	1,597.03	930.28	4,186.88	1,459.36
Total Capital Employed:	11,073.58	9,846.17	10,888.97	11,073.58	10,888.97

The Yarn and Fabric segments both posted improved profitability on a full-year basis, while the Garment segment continued to report a loss, though significantly narrowed from ₹1,887.09 lakh in FY25 to ₹1,015.74 lakh in FY26.

Balance Sheet & Cash Flow Highlights

As at 31st March 2026, total assets stood at ₹69,031.93 lakh, compared to ₹73,212.83 lakh in the previous year. Total equity increased to ₹11,073.58 lakh from ₹10,889.06 lakh. Non-current borrowings declined to ₹10,249.70 lakh from ₹14,688.57 lakh, while the company also issued Non-Convertible Redeemable Preference Shares of ₹3,000.00 lakh during the year. Current borrowings reduced to ₹23,882.91 lakh from ₹26,864.32 lakh.

The following table summarises the cash flow position (₹ in lakh):

Cash Flow:	FY26	FY25
Net Cash from Operating Activities:	8,958.22	7,587.02
Net Cash from Investing Activities:	(690.70)	(2,831.56)
Net Cash from Financing Activities:	(8,185.95)	(4,792.27)
Net Increase/(Decrease) in Cash & Equivalents:	81.57	(36.81)
Closing Cash & Cash Equivalents:	103.13	21.56

Solar Energy Stake Acquisition

The board approved the acquisition of a 26% equity stake in Asawata Energy Private Limited, an SPV and subsidiary of Pickrenew Energy Limited, for a cash consideration of ₹2.60 lakh. Asawata Energy Private Limited was incorporated on 20th April 2026 with a total equity share capital of ₹10 lakh and nil turnover. The objective is to optimise power costs and increase renewable energy usage. The SPV will develop a 15 MW solar power plant at the company's Sarovar Plant under the Group Captive model of the Madhya Pradesh Electricity Regulatory Commission (Verification of Captive Generating Plants and Captive Users) Regulations, 2023. The remaining 74% stake will be held by Pickrenew Energy Limited. A long-term Power Purchase Agreement (PPA) is to be executed, and the transaction is expected to be completed within 3 months, subject to execution of definitive agreements and regulatory compliances.

Acquisition Parameter:	Details
Target Entity:	Asawata Energy Private Limited
Stake Acquired:	26% equity
Consideration:	Cash — ₹2.60 lakh
SPV Parent:	Pickrenew Energy Limited (74% stake)
Plant Capacity:	15 MW Solar Power
Location:	Sarovar Plant, Madhya Pradesh
Model:	Group Captive (MPERC Regulations, 2023)
Expected Completion:	Within 3 months

Auditor Appointments for FY27

The board also approved the appointment of internal and cost auditors for the financial year 2026-27. M/s. BGJC & Associates LLP has been appointed as Internal Auditor for the Sarovar Division, while M/s. Agarwal & Saxena, LLP has been appointed for the Garment Division. Both firms were appointed effective 7th May 2026. M/s. BGJC & Associates LLP, founded in 1982 and headquartered in New Delhi, is a peer-reviewed multi-disciplinary Chartered Accountancy firm empanelled with the Comptroller & Auditor General of India and the Reserve Bank of India. M/s. Agarwal & Saxena, LLP (AGASAX), founded in 1984 and also headquartered in New Delhi, serves large corporates and public sector enterprises and is steered by 11 partners. Additionally, M/s. K. G. Goyal & Co., Cost Accountants, was appointed as Cost Auditor for FY27. The firm has been engaged in cost audit practice for 37 years since its constitution on 8th July 1988 and has experience across sectors including textiles, cement, power generation, and petroleum.

Shareholder Notices

Pursuant to a SEBI circular dated 30th January 2026, the company has opened a Special Window from 5th February 2026 to 4th February 2027, facilitating the transfer and dematerialisation of physical securities sold or purchased prior to 1st April 2019. Additionally, the company is urging shareholders to update their KYC details, bank mandates, nominee information, and contact details to enable claims on unpaid or unclaimed dividends and to prevent the transfer of shares and dividends to the Investor Education and Protection Fund (IEPF). For queries, shareholders may contact the company's Registrar and Share Transfer Agent at 179-180, DSIDC Shed, 3rd Floor, Okhla Industrial Area, Phase - 1, New Delhi-110020 or via email at helpdeskdelhi@mcmsregistrars.com .