Maruti Infrastructure Limited has submitted an explanation to BSE Limited regarding the delayed disclosure of its Independent Director's demise. The company filed additional documentation on March 18, 2026, addressing BSE's inquiry about the timing of the corporate announcement made under Regulation 30 of SEBI (LODR) Regulations, 2015.

Initial Announcement and Regulatory Compliance

The company had initially announced the sad demise of Independent Director Mr. Shrikant N. Jhaveri on March 17, 2026, informing BSE that he passed away on March 15, 2026. The formal communication was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Explanation for Disclosure Delay

In response to BSE's communication seeking additional details under SEBI Circular dated November 11, 2024, Maruti Infrastructure clarified that the delay in disclosure was inadvertent. The company stated that it was not aware of the unfortunate demise within the stipulated 24-hour timeframe, and the information was conveyed to the company subsequently.

Chairman & Managing Director Nimesh D Patel emphasized that there was no malafide intention or deliberate delay in making the disclosure. The company made the necessary disclosure to the exchange at the earliest possible instance after receiving the information.

Corporate Governance and Future Compliance

The company expressed regret for the delay and assured BSE of its commitment to compliance with regulatory requirements. Maruti Infrastructure has committed to taking necessary steps to ensure timely disclosures in the future, demonstrating its dedication to maintaining proper corporate governance standards.

Tribute to Departed Director

The company acknowledged that it had immensely benefited from Mr. Shrikant N. Jhaveri's advice to the Board during his tenure as Independent Director. All directors and employees of Maruti Infrastructure Limited conveyed their deep sorrow and condolences to his family, reflecting the significant contribution he made to the company's governance and decision-making processes.

Maruti Infrastructure Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, under Regulation 33 of SEBI listing requirements. The results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on February 14, 2026.

Quarterly Financial Performance

The company's financial performance for Q3FY26 showed mixed results compared to the previous year. Revenue from operations declined year-on-year, while the company maintained profitability during the quarter.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Maruti Infrastructure demonstrated improved performance compared to the corresponding period in the previous year. The company achieved significant growth in both revenue and profitability metrics.

Cost Structure and Expenses

The company's major expense component remained cost of materials consumed, which stood at ₹1091.19 lakhs for Q3FY26 compared to ₹1436.42 lakhs in Q3FY25. Total expenses for the quarter were ₹1202.23 lakhs versus ₹1327.58 lakhs in the previous year corresponding quarter.

Other significant expenses included:

• Finance costs: ₹17.14 lakhs (Q3FY26) vs ₹23.05 lakhs (Q3FY25)
• Employee benefits expenses: ₹12.40 lakhs (Q3FY26) vs ₹15.77 lakhs (Q3FY25)
• Changes in inventories: ₹65.24 lakhs (Q3FY26)

Earnings Per Share and Capital Structure

The company maintained its paid-up equity share capital at ₹1875 lakhs throughout the reporting periods. Earnings per share (EPS) for continuing operations stood at ₹0.03 for Q3FY26, compared to ₹0.05 in Q3FY25. For the nine-month period, EPS was ₹0.08 compared to ₹0.01 in the previous year.

Regulatory Compliance

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The statutory auditors, Meet Shah & Associates, conducted a limited review of the financial results and provided their review report. The company operates as a single business segment and has no discontinued operations during the reporting period.