Maruti Global Industries Limited has announced securing a substantial work order worth ₹9.54 crores for railway infrastructure development. The company informed the stock exchanges about this business development through a regulatory filing on January 21, 2026, under SEBI's disclosure requirements.

Contract Details and Scope

The work order has been awarded by KMC Constructions Limited for the execution of formation of track works. This contract forms part of a larger infrastructure project undertaken by South Central Railways (Construction Organisation) under their EPC contract for doubling of track between Akanapet and Medchal stations.

Project Significance

The track doubling project between Akanapet and Medchal stations represents a significant railway infrastructure development initiative in the region. Formation of track works is a critical component of railway construction, involving preparation of the foundation and base structure for railway tracks. This type of work requires specialized expertise in civil engineering and railway construction standards.

Regulatory Compliance

The company has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement confirms that this work order falls within the normal course of business operations for Maruti Global Industries Limited.

Business Impact

According to the company's filing, the receipt of this work order is expected to contribute positively to its operational performance. The contract represents a domestic opportunity in the railway infrastructure sector, with no related party transactions involved in the award process.

The filing was signed by Rama Swamy Reddy Pedinekaluva, Director of the company, confirming the authenticity of the information provided to the stock exchanges.

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:

For the half-year ended September 30, 2025:

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:

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

Financial Position

As of September 30, 2025:

Board Meeting and Approvals

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

1. Unaudited Standalone Financial Results for the quarter and half-year ended September 30, 2025
2. 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.