Maruti Global Industries Reports Profit Despite Accumulated Losses, Auditor Raises Going Concern Issues

Maruti Global Industries Limited (formerly known as Maruti Securities Limited) has reported a net profit for the quarter and half-year ended September 30, 2025, despite facing significant accumulated losses. The company's financial results, however, have raised concerns about its going concern status.

Financial Performance

For the quarter ended September 30, 2025, Maruti Global Industries reported:

Metric	Amount (in ₹ lakhs)
Net Profit	13.31
Revenue from Operations	352.18

For the half-year ended September 30, 2025:

Metric	Amount (in ₹ lakhs)
Net Profit	18.88
Revenue from Operations	411.69

Accumulated Losses and Going Concern Issues

Despite the reported profits, the company faces significant financial challenges:

Accumulated losses of ₹2,646.28 lakhs as of September 30, 2025
These losses have completely eroded the company's net worth

The statutory auditor, P Murali & Co, has issued a qualified review report, citing going concern issues due to these accumulated losses. The auditor's report states that the financial results have been prepared on a going-concern basis, despite the substantial erosion of the company's net worth.

Management's Perspective

The company's management believes that Maruti Global Industries' going concern status remains unaffected, citing the following reasons:

Change in management
Induction of new promoters with a strong background in the infrastructure sector
Resumption of operations aligned with the promoters' core business expertise

Financial Position

As of September 30, 2025:

Metric	Amount (in ₹ lakhs)
Total Assets	732.45
Total Equity	(2,146.25)

Board Meeting and Approvals

The Board of Directors met on November 12, 2025, and approved:

Unaudited Standalone Financial Results for the quarter and half-year ended September 30, 2025
Other business matters related to company operations

The meeting commenced at 16:30 hours and concluded at 17:00 hours.

While Maruti Global Industries has shown a profit for the recent quarter and half-year, the substantial accumulated losses and the auditor's concerns about the company's going concern status highlight significant challenges. The management's optimism about the company's future, based on new leadership and strategic changes, will be tested as they work to address these financial issues and restore the company's net worth.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.42%	+5.44%	-1.31%	+17.34%	+457.09%	+4,478.20%

Maruti Securities has undergone a significant change in its ownership structure as MSL Construction Private Limited divested its entire 14% stake through an off-market transaction.

Transaction Details

The sale involved 7,00,000 equity shares of Maruti Securities, which were sold for a total consideration of INR 42.00 lakh. The transaction was executed at a price of INR 6.00 per share, representing a substantial discount to the face value of INR 10.00 per share.

Buyer and Approval

The buyer in this transaction has been identified as Vadlamudi Mohana Rao. The board of directors of MSL Construction approved the sale on August 28, authorizing the disposal of the investment securities.

Impact on Shareholding

Following this transaction, MSL Construction's shareholding in Maruti Securities has decreased from 14% to nil, completely exiting their position in the company. This move could potentially lead to changes in the company's governance and strategic direction.

Company Overview

Maruti Securities has a total equity capital of 50,00,300 shares, each with a face value of INR 10.00. The company is listed on the Bombay Stock Exchange (BSE) with the script code 531319.

Recent Corporate Actions

While not directly related to the stake sale, recent LODR data reveals that Maruti Securities has been active in corporate governance matters:

The company has recommended the appointment of M/s. Arpita & Associates as Secretarial Auditors for a term of five consecutive years, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Maruti Securities has announced its 31st AGM to be held on September 29, at the company's registered office in Hyderabad.
The Register of Members and Share Transfer Books will remain closed from September 20 to September 29, for the purpose of the AGM.

These corporate actions demonstrate the company's ongoing compliance with regulatory requirements and commitment to shareholder engagement.

The stake sale by MSL Construction marks a significant change in Maruti Securities' ownership structure, and investors will likely be watching closely for any potential impacts on the company's future direction and performance.