Mayur Floorings issued an addendum to the notice of its 34th Annual General Meeting, adding a new agenda item for the appointment of a secretarial auditor. The meeting is scheduled for September 17, 2026, and will be conducted through video conferencing or other audio-visual means.

The company dispatched the original AGM notice on August 26, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The addendum incorporates Item No. 4 into the original notice, seeking shareholder approval for the appointment of Mr. Bhanwar Lal Harawat, a practising company secretary, as the secretarial auditor.

Appointment Details

The proposed resolution seeks to appoint Mr. Harawat to hold office for a period of 4 consecutive years. His tenure will commence from the conclusion of the 34th AGM and extend until the conclusion of the 38th AGM. The appointment is made in accordance with Regulation 24A of the SEBI Listing Regulations and Section 204 of the Companies Act, 2013.

The Board of Directors, based on recommendations from the Audit Committee, has authorised the determination of remuneration for the secretarial auditor. This includes any revisions during the tenure, subject to mutual agreement between the company and the auditor.

Voting and Compliance

Shareholders may vote on this resolution using the remote e-voting facility or e-voting during the AGM, following the procedures outlined in the original AGM notice. The addendum is available on the company’s website and the BSE Limited website. In compliance with Regulation 47 of the SEBI Regulations, the addendum has also been published in newspapers.

Mahavir N Sundrawat, Managing Director of Mayur Floorings Limited, signed the communication dated September 11, 2026.

Mayur Floorings reported a net profit of ₹14.69 lakh for FY26, marking a turnaround from the net loss of ₹130 lakh recorded in FY25. Revenue from operations grew 40% to ₹884.02 lakh, driven by higher sales volumes in mineral powder products.

The company scheduled its 34th Annual General Meeting for September 17, 2026, to adopt the standalone financial statements for the fiscal year ended March 31, 2026. Shareholders will vote on ordinary business items, including the re-appointment of director Mr. Mayur Sundrawat and statutory auditors M/s. Bansilal Shah & Company.

Financial Performance

Total income increased to ₹884.02 lakh in FY26, up from ₹630.17 lakh in FY25. Profit before tax stood at ₹20.38 lakh, compared to ₹11.68 lakh in the previous year. After accounting for total tax expenses of ₹5.69 lakh, the net profit after tax reached ₹14.69 lakh.

Cost of materials consumed rose to ₹747.09 lakh from ₹471.10 lakh, reflecting increased production activity. Employee benefit expenses decreased significantly to ₹24.60 lakh from ₹63.39 lakh. Finance costs increased to ₹26.14 lakh from ₹18.21 lakh, while depreciation and amortisation expenses rose to ₹27.06 lakh from ₹17.02 lakh.

Balance Sheet Highlights

Total assets expanded to ₹859.47 lakh as on March 31, 2026, up from ₹696.49 lakh in FY25. Property, plant, and equipment increased to ₹539.54 lakh from ₹524.32 lakh. Trade receivables saw a substantial rise to ₹242.02 lakh from ₹91.54 lakh, indicating higher outstanding dues from customers.

Equity share capital remained unchanged at ₹507.12 lakh. Non-current borrowings increased to ₹259.94 lakh from ₹232.42 lakh, while current borrowings rose to ₹104.31 lakh from ₹52.13 lakh. The company maintained cash and cash equivalents of ₹1.72 lakh at year-end.

Corporate Governance

Mr. Mayur Sundrawat, who holds DIN 01837589, seeks re-appointment as a director under Section 152 of the Companies Act, 2013. He has been associated with the company since June 24, 2005, and holds 3,79,400 shares as of March 31, 2026. M/s. Bansilal Shah & Company will continue as statutory auditors until the conclusion of the 35th AGM in 2027.

Remote e-voting will be available from 9:00 am on September 14, 2026, to 5:00 pm on September 16, 2026. Purva Sharegistry (India) Private Limited serves as the authorized e-voting agency. The register of members and share transfer books will remain closed from September 11, 2026, to September 17, 2026.

What the Numbers Show

The shift from a significant loss in FY25 to profitability in FY26 highlights improved operational efficiency despite rising input costs. While revenue growth outpaced expense increases in key areas like employee benefits, the surge in trade receivables warrants monitoring for potential working capital pressures. The increase in both short-term and long-term borrowings suggests continued reliance on debt financing for operations and expansion.