Mauria Udyog reported its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, at a Board of Directors meeting held on August 07, 2026. On a standalone basis, the company posted a net profit of ₹486.88 lacs for the quarter, compared to ₹664.82 lacs in the corresponding quarter of the previous year, reflecting a year-on-year decline. Revenue from operations also contracted to ₹10,936.96 lacs from ₹13,379.54 lacs in the year-ago period.

Standalone Financial Performance

The following table summarises the key standalone financial metrics for the quarter ended June 30, 2026, compared with the preceding quarter and the year-ago period (₹ in Lacs):

On a sequential basis, revenue from operations improved significantly from ₹7,053.84 lacs in Q4 (31-Mar-26) to ₹10,936.96 lacs in Q1 (30-Jun-26). Net profit also rose from ₹217.66 lacs in the preceding quarter to ₹486.88 lacs in the current quarter. Total comprehensive income for the quarter stood at ₹488.71 lacs, compared to ₹215.35 lacs in Q4 (31-Mar-26). Paid-up equity share capital remained unchanged at ₹1,332.00 lacs (face value of ₹10 each).

Standalone Segment Performance

The company operates across two reportable segments — Manufacturing and Trading. For the quarter ended June 30, 2026, the Manufacturing segment was the sole contributor to revenue from operations, recording ₹10,936.96 lacs, while the Trading segment reported nil revenue. The following table presents segment-wise results (₹ in Lacs):

The Manufacturing segment result turned positive at ₹742.27 lacs in Q1 (30-Jun-26), recovering from a loss of ₹1.74 lacs in the preceding quarter, though it remained below the ₹1,070.15 lacs recorded in Q1 (30-Jun-25). Capital employed increased to ₹8,095.93 lacs from ₹7,607.40 lacs in Q4 (31-Mar-26).

Consolidated Financial Performance

The consolidated results for the quarter ended June 30, 2026, include the Holding Company and its subsidiaries — Strawberry Star India Private Limited, Bihariji Highrise Private Limited, and Bihariji Properties Private Limited. The key consolidated metrics are presented below (₹ in Lacs):

Consolidated net profit for the quarter stood at ₹486.70 lacs, compared to ₹664.56 lacs in Q1 (30-Jun-25) and ₹216.88 lacs in Q4 (31-Mar-26). Total comprehensive income on a consolidated basis was ₹488.53 lacs for the quarter. The three subsidiaries included in the consolidation reported total revenues of Rs. 0.00 lacs and a net loss after tax of Rs. (0.18) lacs for the quarter ended June 30, 2026.

Board Decisions and Corporate Developments

At the Board meeting held on August 07, 2026, the following key decisions were taken:

• Director Appointment: Ms. Radha Chauhan was appointed as an Additional Director in the category of Non-Executive Independent Woman-Director for a consecutive term of 5 (Five) years, effective from the date of allotment of her Director Identification Number (DIN), subject to shareholder approval. Ms. Radha Chauhan is a graduate from Delhi University with more than 20 years of working experience in the Pharma industry. She does not hold any shares in the company and is not related to any existing director.
• SEBI Order: On June 30, 2026, SEBI passed a final order (Order No. WTM/AS/IVD-2/ID16/32460/2026-17) imposing certain restrictions/penalties. The company has filed an appeal before the Securities Appellate Tribunal (SAT) challenging the penalty and restriction, and has not recorded any liability against the amount sought in the said order.
• OTS with Prudent ARC Limited: As per the One Time Settlement with Prudent ARC Limited, an amount of Rs. 2300.00 lacs payable till December 2026 has been shown as current liabilities.
• Trade Receivables: 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. Outstanding disputed trade receivables as at June 30, 2026, stood at ₹10,236.29 lacs, against which a provision of ₹3,924.43 lacs has been made, leaving a net outstanding of ₹6,311.86 lacs.
• Real Estate Dispute: The Builder Buyer Agreement with M/s Udayanchal Leasing & Export Pvt. Ltd. covering 107 Plots and 44 Commercial Shops at a total consideration of ₹49,28.43 lacs was revoked in August 2025 owing to non-receipt of payments. A case has been filed before the Hon'ble Additional District Judge, Faridabad, which is pending adjudication.

Auditor's Qualified Opinion

The statutory auditor, NKSC & Co., Chartered Accountants (ICAI Firm Registration No. 020076N), issued a qualified opinion on both the standalone and consolidated financial results. The basis for the qualified opinion included:

• The company has not obtained or carried out fair valuation of unquoted equity shares classified under FVTOCI; the impact of fair valuation cannot be ascertained.
• The company has not used the expected credit loss model to assess impairment on trade receivables as required by Ind AS 109; the impact of such non-compliance cannot be ascertained. However, a provision of Rs. 3,924.43 Lacs has been made against doubtful trade receivables.
• In connection with transactions with Amrapali Group of Companies, the Hon'ble Supreme Court directed Mauria Udyog Limited and associated entities to deposit Rs. 16,700 lacs. The company has neither provided for liability against this matter nor disclosed any contingent liability as required by Ind AS 37.

The auditor also drew attention to disputed and long-outstanding trade receivables classified as non-current aggregating Rs. 6,311.86 Lacs (net of provision of Rs. 3,924.43 Lacs), the SEBI final order dated June 30, 2026, and assets held for sale amounting to Rs. 1,865.31 lacs against which advances of Rs. 4,011.36 lacs have been received.

Mauria Udyog Limited and its promoters have been restrained from accessing the securities market for five years by the Securities and Exchange Board of India (SEBI). The final order, dated June 30, 2026, prohibits the company and its directors, Mr. Navneet Kumar Sureka and Mrs. Deepa Sureka, from buying, selling, or dealing in securities. This action follows allegations of manipulating the price and volume of the company's equity shares, violating provisions of the SEBI Act, 1992, and the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003.

The restraint period is subject to the adjustment of time already undergone pursuant to an interim order dated June 19, 2023. Mauria Udyog received the final order on July 14, 2026. In its disclosure to the stock exchanges, the company clarified that there is no material impact on its financials, operations, or other activities as a result of this order.

The company attributed a delay in filing this disclosure to the voluminous nature of the SEBI order, which exceeded 300 pages. Mauria Udyog stated it required additional time to perform a thorough legal assimilation of the contents and conduct detailed deliberations with legal counsel to evaluate the implications and determine the future course of action.

Key Details of the SEBI Order

The disclosure was submitted by Divya Agarwal, Company Secretary & Compliance Officer of Mauria Udyog Limited, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.