Shri Mahalaxmi Agricultural Developments Limited has corrected the date for its upcoming Annual General Meetings (AGMs) from September 29, 2025, to Saturday, August 29, 2026. The company issued a clarification on August 11, 2026, stating that the previous announcement contained an inadvertent typographical error regarding the day and date of the meetings. This correction ensures shareholders have accurate information for voting and participation in the 26th through 32nd AGMs.

The correction was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III thereto. Kiran Vitthal Bhogate, Executive Director of Shri Mahalaxmi Agricultural Developments Limited, signed the disclosure. The company apologized for the error and requested that the exchanges take the corrected information on record. All other details from the original Board Meeting outcome dated August 07, 2026, remain unchanged.

Corrected AGM Schedule

The AGMs will be conducted through Video Conference (VC) or Other Audio-Visual Means (OAVM) on August 29, 2026, at specific time slots. The schedule is as follows:

Voting and Record Date

The record date for determining voting rights remains Friday, August 21, 2026. Shareholders must be registered in the company’s books on this date to participate. E-voting will commence on Wednesday, August 26, 2026, at 9:00 am and close on Friday, August 28, 2026, at 5:00 pm. Neha Anup Poddar Company Secretaries has been appointed as the Scrutinizer for these proceedings.

What This Means for Shareholders

Shareholders should note the significant change in the AGM year from 2025 to 2026. The e-voting window remains unchanged relative to the record date. The use of VC/OAVM facilities continues to allow remote participation without physical attendance. Investors must ensure they cast their votes during the specified e-voting period to exercise their rights.

Shri Mahalaxmi Agricultural Development Limited reported a net loss of ₹14,04,025.71 for the financial year ended March 31, 2022 (FY22), reversing a net profit of ₹5,21,278.04 in FY21. The company remained operationally dormant, recording zero revenue from operations, while total income fell sharply by 58.38% to ₹10,20,162.63 from ₹24,51,370.33 in the previous year due to declining investment returns.

The filing, submitted pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, includes the notice for the 29th Annual General Meeting scheduled for August 29, 2026. The meeting will be held via Video Conference or Other Audio Visual Means (OAVM) as per the Companies Act, 2013. Executive Director Kiran Vitthal Bhogate signed the report on August 7, 2026.

Financial Performance

The company’s core business segments remained inactive throughout FY22, resulting in nil revenue from operations. Total expenses rose to ₹24,24,188.34 from ₹19,30,092.32 in FY21, primarily driven by employee benefit expenses of ₹4,80,000.00 and other administrative costs. The loss before tax stood at ₹14,04,025.71, with no tax expense recorded.

Other income, which constituted the entirety of the company’s earnings, declined significantly. This category included net F&O trading profit of ₹4,51,915.47, short-term capital gains of ₹3,34,916.22, and dividend income of ₹1,76,490.00. Interest income dropped to ₹34,427.00 from ₹15,22,925.53 in the prior year.

Balance Sheet and Ratios

Long-term borrowings increased by ₹1,76,10,025.72 during the year, raising the debt-equity ratio to 0.266 from 0.111 in FY21. Total assets stood at ₹15,19,61,982.44, with current investments comprising ₹1,88,49,661.17. The current ratio improved slightly to 3.39 from 2.84.

What the Numbers Show

The financial data reveals a complete reliance on non-operational activities for cash generation, as core revenue remains at zero. The widening loss in FY22 was exacerbated by a one-time long-term capital loss of ₹17,52,725.76, which offset gains from trading and dividends. With no operational turnover, debtor and inventory ratios remain non-applicable, highlighting the company’s status as an investment-holding entity rather than an active agricultural developer during this period.