Mahalaxmi Rubtech , a traditional textiles manufacturer, has reported its financial results for the second quarter and half-year ended September 30, 2025, revealing the ongoing impact of a significant fire incident that occurred at its factory premises last year.

Financial Performance

The company reported a standalone net loss of ₹504.13 crore for the quarter ended September 30, 2025, compared to a profit of ₹40.82 crore in the same quarter last year. This substantial loss is primarily attributed to the aftermath of the fire incident and subsequent operational disruptions.

For the half-year ended September 30, 2025, Mahalaxmi Rubtech posted a net loss of ₹616.65 crore, in contrast to a loss of ₹89.07 crore for the same period in the previous year.

Revenue and Operational Highlights

Despite the challenges, the company's revenue from operations showed resilience:

The decline in revenue is largely attributed to the disruption in production activities following the fire incident.

Fire Incident and Insurance Settlement

A significant development during the quarter was the final assessment and settlement of insurance claims for fixed assets damaged in the fire that occurred on November 24, 2024. The settlement, which covers building, plant and machinery, and furniture fixtures equipment, has been recorded as an exceptional item in the profit and loss statement.

Jeetmal B. Parekh, Chairman of Mahalaxmi Rubtech, stated, "We have received the final assessment and settlement for our fixed assets claim. This marks a crucial step in our recovery process. We are now focusing on reconstruction and restoration activities, including the construction of a new factory building and installation of plant machinery."

Ongoing Recovery Efforts

The company has initiated reconstruction and restoration activities at its factory premises. These efforts include:

• Construction of a new factory building
• Installation of new plant and machinery
• Restoration of other related facilities

Mahalaxmi Rubtech expects to resume production operations in due course, although a specific timeline was not provided.

Looking Ahead

While the company faces short-term challenges due to the fire incident, the insurance settlement and ongoing reconstruction efforts are positive steps towards recovery. The management remains focused on restoring full operational capacity and returning to profitability.

Investors and stakeholders will be closely monitoring the company's progress in the coming quarters, particularly the timeline for resuming full production and the potential impact on future financial performance.

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on November 12, 2025. The company continues to operate in the traditional textiles segment, which remains its primary focus during this recovery phase.

Mahalaxmi Rubtech Limited , a company specializing in offset printing blankets and technical coated fabrics, has announced a change in its key personnel. CS Kalpana Kumari, who served as the Company Secretary and Compliance Officer, has tendered her resignation, citing career growth opportunities as the reason for her departure.

Key Details of the Resignation

Corporate Governance and Compliance

In adherence to regulatory requirements, Mahalaxmi Rubtech Limited has disclosed this development to both the BSE Limited and the National Stock Exchange of India. This disclosure aligns with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Response

The company has acknowledged CS Kalpana Kumari's contribution during her tenure. Jeetmal B. Parekh, the Chairman of Mahalaxmi Rubtech Limited, signed the official communication to the stock exchanges, ensuring transparency in the company's operations and changes in key managerial personnel.

Transition Period

The resignation is effective from November 15, 2025, providing the company with a two-week transition period. This timeframe may allow for a handover of responsibilities and potentially initiate the process of finding a suitable replacement for the role of Company Secretary and Compliance Officer.

The departure of a key managerial person, especially one responsible for ensuring regulatory compliance, is a significant event for a listed company. Shareholders and market observers will likely be interested in how Mahalaxmi Rubtech Limited manages this transition and maintains its compliance standards in the interim period.