Maharashtra Corporation Limited (MCL) has reported a challenging first quarter, with zero revenue and a net loss of Rs 30.31 lakhs. The company also announced the appointment of a new director and the adoption of updated insider trading policies.

Financial Performance

For the quarter ended June 30, Maharashtra Corporation Limited reported:

The significant increase in expenses was primarily due to:

• Other expenses: Rs 26.81 lakhs (up from Rs 10.31 lakhs in the corresponding quarter)
• Depreciation and amortization: Rs 3.50 lakhs (up from Rs 3.27 lakhs)

Board Appointment

The company's Board of Directors approved the appointment of Mr. Vikasjeet Singh as an Additional Director (Non-Executive, Non-Independent) effective August 12, 2025, subject to shareholder approval. Mr. Singh, a 2018 graduate from Punjab University, brings over two years of experience in VFX Compositing to the board.

Corporate Governance Updates

Maharashtra Corporation Limited adopted new codes of conduct for:

1. Trading regulations
2. Fair disclosure of unpublished price sensitive information

These updates align with SEBI (Prohibition of Insider Trading) Regulations, 2015, aiming to strengthen the company's corporate governance practices.

Financial Position

Key points:

• Debt-free status maintained
• No finance costs reported for the quarter
• Paid-up equity share capital remains at Rs 6,236.01 lakhs

The company's performance this quarter reflects significant challenges, with a complete halt in revenue generation and increased losses. Shareholders and market observers will likely be watching closely to see how Maharashtra Corporation Limited plans to address these issues and return to profitability in the coming quarters.

Maharashtra Corporation Limited has announced a crucial board meeting scheduled for August 11, 2025, to address several important matters, including the approval of its first-quarter financial results and the appointment of a new director.

Key Agenda Items

The board meeting, as disclosed in a regulatory filing, will focus on three primary agenda items:

1. Quarterly Financial Results: The board will consider and approve the unaudited financial results for the quarter ended June 30, 2025. This review of the company's financial performance for Q1 FY2026 is a standard practice for listed companies and provides investors with insights into the company's recent financial health.

2. New Director Appointment: The board will consider the appointment of Mr. Vikasjeet Singh (DIN: 11228402) as a Non-Executive Non-Independent Director. This potential addition to the board could bring new perspectives to the company's leadership.

3. Insider Trading and Fair Disclosure Codes: The meeting will also address the adoption of the company's 'Code of conduct to regulate, monitor and report trading by designated persons' and 'Code of Practices and Procedures for Fair Disclosures of Unpublished Price Sensitive Information'. These measures are aimed at enhancing corporate governance and ensuring compliance with regulatory requirements.

Trading Window Closure

In line with regulatory norms and the company's Code for Prevention of Insider Trading, Maharashtra Corporation Limited has implemented a trading window closure. The trading window for the company's securities has been closed since July 1, 2025, and will remain so until 48 hours after the conclusion of the board meeting on August 11, 2025. This measure is designed to prevent insider trading and ensure fair market practices.

Company Information

Maharashtra Corporation Limited is headquartered at 907-908, Dev Plaza, 9th Floor, Opp. Andheri Fire Station, S V Road, Andheri - West, Mumbai, Maharashtra. The company can be reached at 022-6901 1138 or via email at mcl@visagar.com . Further information is available on their website www.mahacorp.in .

Investors and stakeholders are advised to keep an eye on the outcomes of this board meeting, as it may provide valuable insights into the company's financial performance and future direction. The results of the meeting will be made available on the company's website and the BSE Limited website ( www.bseindia.com ) following its conclusion.