Max Earth Resources Limited (formerly Max Alert Systems) has submitted its Annual Report for the financial year ended March 31, 2026, to BSE Limited. The filing, dated August 17, 2026, was made pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission includes the Notice of the 23rd Annual General Meeting (AGM) of the company.

The AGM is scheduled for Thursday, September 10, 2026, at 12:00 pm Indian Standard Time. The meeting will be conducted exclusively through Video Conferencing or Other Audio Visual Means (VC/OAVM), in compliance with Ministry of Corporate Affairs (MCA) circulars.

Meeting Agenda and Governance

The primary agenda for the AGM includes the adoption of the standalone audited financial statements for the financial year ended March 31, 2026. Additionally, shareholders will vote on the re-appointment of Mr. Amit Anand Vengilat as Executive Director, who retires by rotation.

The company will facilitate remote participation and voting through the National Securities Depository Limited (NSDL) e-voting platform. The register of members and share transfer books will remain closed from Friday, September 4, 2026, to Thursday, September 10, 2026, inclusive.

Key logistical details for the AGM are outlined below:

Director Re-Appointment

Mr. Amit Anand Vengilat, an Instrumentation Engineer with expertise in infrastructure, telecom, and mining, is eligible for re-appointment. He currently holds 92,00,000 equity shares in the company and serves as a member of the Audit Committee and Stakeholders' Relationship Committee. His remuneration will be determined as per the Nomination and Remuneration Policy.

Shareholder Instructions

Shareholders holding securities as on the cut-off date of September 2, 2026, are eligible to vote. The facility to appoint proxies is not available for this VC/OAVM meeting. Institutional shareholders must submit board resolutions authorizing their representatives to vote. The annual report and AGM notice are available on the company website and BSE Limited portal.

Max Earth Resources Limited (formerly Max Alert Systems Limited) reported a significant expansion in profitability for the financial year ended March 31, 2026, driven by robust growth in its mining and crushing operations in Jharkhand. Profit after tax (PAT) rose approximately 70% year-on-year to ₹551.80 lakh, up from ₹324.62 lakh in the previous year. This operational improvement coincided with a 59.7% increase in revenue from operations, which reached ₹2,329.41 lakh compared to ₹1,458.72 lakh in FY25.

The company’s total revenue grew by 58.59% to ₹2,672.73 lakh, reflecting increased business activity across its aggregate production and infrastructure materials segments. Basic earnings per share improved substantially, rising from ₹35.29 to ₹59.98. Despite the strong bottom-line growth, operating cash flow remained negative during the year, primarily due to working capital deployment in trade receivables and other current assets.

Financial Performance

The financial results highlight a clear divergence between top-line growth and cash generation, with receivables absorbing a significant portion of the operating profits. The company maintained a conservative capital structure, reporting no long-term or short-term borrowings as of March 31, 2026.

What the Numbers Show

While profit after tax surged by nearly 70%, the company closed the year with only ₹31.37 lakh in cash and cash equivalents. Trade receivables stood at ₹590.45 lakh, representing approximately 25% of total assets (₹1,212.10 lakh). This concentration in receivables against a low cash balance suggests that the reported profitability is currently tied up in working capital rather than available liquidity, highlighting collection efficiency as a critical near-term priority for management.

Operational & Corporate Updates

The company continues to focus on strengthening its resource base through its stone quarry asset in Jamtara and a 200 TPH crushing plant in Khunti, Jharkhand. Management emphasized disciplined capital allocation and prudent working capital management as key strategic priorities for the coming year. No dividend was recommended for FY26 to conserve resources for future growth plans.

Trading in the company’s equity shares on BSE Limited remains suspended due to pending procedural and compliance-related requirements. The Board noted it is taking necessary steps to address these matters and seek revocation of the suspension. The 23rd Annual General Meeting is scheduled for September 10, 2026, via video conferencing.