Mauria Udyog Board of Directors approved the notice for its 46th Annual General Meeting and a material related-party transaction during a session held on September 3, 2026. The meeting also recorded the vacation of office by two directors.

The company fixed September 25, 2026, as the date for the AGM, to be conducted in audio-video mode. The book closure period is set from September 19, 2026, to September 25, 2026.

Key Approvals

The Board transacted several items of business in compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015:

• Approved the Directors' Report for FY26 along with requisite annexures.
• Took on record the Secretarial Audit Report for FY26.
• Approved recommendations from the Audit Committee regarding a proposed material transaction with a related party.

Director Changes

The Board noted the vacation of office by Mrs. Veena Aggarwal and Mr. Birendra Kumar, both Directors, effective close of business hours on August 13, 2026. This cessation occurred by operation of Section 167(1)(b) of the Companies Act, 2013. The company stated there were no other material reasons for the end of their directorships.

What the Numbers Show

The filing confirms procedural compliance rather than operational performance. The approval of a material related-party transaction indicates ongoing corporate governance activities, while the director changes reflect statutory rotations or resignations under specific legal provisions.

Mauria Udyog reported a 27% year-on-year decline in standalone net profit to ₹486.88 lacs for the quarter ended June 30, 2026, as revenue from operations contracted by 18% to ₹10,936.96 lacs. The Board of Directors approved the unaudited financial results on August 07, 2026, highlighting persistent pressure on top-line growth despite a sequential recovery from the previous quarter’s lower base.

Standalone Financial Performance

Revenue from operations fell to ₹10,936.96 lacs in Q1FY27, down from ₹13,379.54 lacs in the corresponding period of FY26. However, this represents a significant sequential improvement from ₹7,053.84 lacs in Q4FY26. Net profit for the quarter stood at ₹486.88 lacs, compared to ₹664.82 lacs in Q1FY26 and ₹217.66 lacs in Q4FY26. Basic and diluted earnings per share (EPS) were ₹0.37 each, down from ₹0.50 in the year-ago quarter.

Total comprehensive income rose to ₹488.71 lacs from ₹215.35 lacs in the preceding quarter. Paid-up equity share capital remained unchanged at ₹1,332.00 lacs.

Segment Results and Consolidated View

The Manufacturing segment contributed all revenue from operations at ₹10,936.96 lacs, with the Trading segment reporting nil revenue. The Manufacturing segment result turned positive at ₹742.27 lacs, recovering from a loss of ₹1.74 lacs in Q4FY26, though it remained below the ₹1,070.15 lacs recorded in Q1FY26. Capital employed increased to ₹8,095.93 lacs from ₹7,607.40 lacs.

On a consolidated basis, which includes subsidiaries Strawberry Star India Private Limited, Bihariji Highrise Private Limited, and Bihariji Properties Private Limited, net profit was ₹486.70 lacs. The subsidiaries reported no revenue and a net loss of ₹0.18 lacs for the quarter.

Auditor’s Qualified Opinion and Key Risks

Statutory auditors NKSC & Co., Chartered Accountants, issued a qualified opinion on both standalone and consolidated results. Key concerns included:

• Failure to obtain fair valuation of unquoted equity shares classified under FVTOCI.
• Non-application of the expected credit loss model under Ind AS 109 for trade receivables, though a provision of ₹3,924.43 lacs was made against doubtful debts.
• Non-provisioning of liability related to a Supreme Court directive regarding transactions with Amrapali Group of Companies, where ₹16,700 lacs was ordered to be deposited.

The auditor also highlighted disputed trade receivables classified as non-current, aggregating ₹6,311.86 lacs (net of provision). Additionally, the company has initiated proceedings under Section 9 of the Insolvency & Bankruptcy Code, 2016 against M/s. Nexus Commosales Private Limited before the NCLT, Kolkata Bench.

Corporate Developments

Ms. Radha Chauhan was appointed as an Additional Director in the category of Non-Executive Independent Woman-Director for a five-year term, subject to shareholder approval. The company also noted an SEBI final order dated June 30, 2026, imposing restrictions/penalties, against which it has filed an appeal before the Securities Appellate Tribunal (SAT) without recording any liability. A One Time Settlement with Prudent ARC Limited shows ₹2,300.00 lacs payable till December 2026 as current liabilities.