Maruti Infrastructure Limited , a company specializing in infrastructure projects, has recently made significant announcements regarding its financial performance and leadership structure. The company's board has approved the unaudited financial results for the quarter ended June 30, 2021, while also making changes to a key executive position.

Financial Results Amidst COVID-19 Challenges

The company reported its financial results for the first quarter of the fiscal year 2022, which ended on June 30, 2021. While specific figures were not disclosed, Maruti Infrastructure acknowledged that its financial performance was impacted by the second wave of COVID-19 during this period. The pandemic's effects were evident, highlighting the ongoing challenges faced by businesses in the infrastructure sector.

In light of the uncertain economic environment, the company has taken a prudent approach to its financial reporting. Maruti Infrastructure stated that it has carefully considered the potential effects of the pandemic on various financial aspects, including:

• Receivables
• Unbilled revenues
• Tangible assets

The company emphasized that it continues to monitor developments closely, given the uncertainties surrounding the nature and duration of the virus's impact on business operations.

Revision of Director's Appointment Terms

In a significant move, the board has approved a revision to the appointment terms of Mr. Chetan A. Patel, who serves as the Whole Time Director of Maruti Infrastructure Limited. The key changes are:

This revision is subject to shareholder approval, indicating the company's commitment to corporate governance and transparency in leadership appointments.

Business Focus and Outlook

Maruti Infrastructure Limited confirmed that it operates in a single segment focused on Infrastructure Projects. This specialization allows the company to concentrate its resources and expertise in a specific area of the construction and development sector.

Despite the challenges posed by the ongoing pandemic, the company's decision to approve quarterly results and address leadership terms suggests a proactive approach to managing its operations and governance structure. As the situation evolves, Maruti Infrastructure Limited remains vigilant, adapting to the changing business landscape while striving to maintain its position in the infrastructure sector.

Investors and stakeholders will likely keep a close eye on the company's performance in the coming quarters, as the infrastructure industry navigates through the uncertainties brought about by the COVID-19 pandemic.

Maruti Infrastructure Limited , a prominent player in the construction and infrastructure sector, has released its unaudited financial results for the first quarter, alongside significant management reappointments.

Financial Performance

The company reported a revenue of Rs 17.10 crore for the quarter, with a profit of Rs 27.87 lakh. The earnings per share (EPS) stood at Rs 0.03.

Management Reappointments

The Board of Directors has approved several key reappointments, subject to shareholder approval at the upcoming general meeting:

Managing Director

Mr. Nimesh D Patel (DIN: 00185400) has been reappointed as Managing Director for a three-year term from August 1, 2026, to July 31, 2029. Mr. Patel, a Diploma holder in Civil Engineering, has been associated with the company since its inception and has extensive experience in building construction and infrastructure projects.

Independent Directors

• Mrs. Dipali S. Patel (DIN: 08987939) has been reappointed for a second five-year term from December 8, 2025, to December 7, 2030. Mrs. Patel is a Commerce Graduate with additional qualifications in Education and Arts, bringing over 14 years of experience in Office Administration and Management.

• Mr. Ronak A Mehta (DIN: 10525257) has been reappointed for a second five-year term from June 22, 2026, to June 21, 2031. Mr. Mehta is a Company Secretary with around 7 years of experience in Corporate Laws, Finance, Taxation, and other legal matters.

Appointment of Secretarial Auditor

Patel Aadeshra and Partners LLP (LLPIN: ACO-7728) has been appointed as the Secretarial Auditor for five consecutive years from FY 2025-26 to FY 2029-30. The firm, led by FCS Kenan Patel and FCS Ronak Aadeshra, offers a range of services including Company Secretarial compliance, SEBI & FEMA advisory, and Corporate Restructuring.

Board Meeting Details

The Board meeting, held on August 8, 2025, commenced at 5:00 p.m. and concluded at 7:06 p.m. The financial results were reviewed by the Audit Committee and approved by the Board of Directors.

Maruti Infrastructure Limited continues to navigate the dynamic construction and infrastructure landscape, with these strategic reappointments aimed at leveraging experienced leadership for future growth and compliance.