Mafia Trends Limited , a company listed on the Indian stock exchange, has announced significant changes to its board of directors, effective November 28, 2025. The company has appointed a new independent director while simultaneously accepting the resignation of another, signaling a shift in its governance structure.

Board Restructuring

The company has made the following key changes to its board composition:

Details of the Appointment

• New Appointee: Dharmesh Mithabhiai Patel
• Position: Additional Non-Executive Independent Director
• Term: 5 years
• Effective Date: November 28, 2025
• Subject to: Shareholder approval

Mr. Patel brings a wealth of experience to the board. He is a Commerce Graduate from Gujarat University, Ahmedabad, and has been working as a Tax Consultant for the past 9 years. His expertise in taxation matters is expected to add value to the company's financial governance.

Resignation Details

• Resigning Director: Amit Rameshbhai Uttamchandani
• Position Vacated: Independent Director
• Effective Date: November 28, 2025
• Reason for Resignation: Unavoidable reasons and professional commitments

Mr. Uttamchandani's departure will impact the company's board committees, as he was serving on multiple committees in another listed entity, Power and Instrumentation (Gujarat) Limited.

Impact on Company Structure

These changes are likely to affect the company's board dynamics and committee structures. The company has stated that certain board committees will be reconstituted following these changes.

Financial Context

While the board changes are significant, it's worth noting the company's financial position as of the most recent balance sheet data:

The company shows modest growth in its asset base and shareholder capital, which provides a stable backdrop for these governance changes.

As Mafia Trends Limited navigates this transition in its board composition, stakeholders will be watching closely to see how these changes might influence the company's strategic direction and governance practices in the coming years.

Mafia Trends Limited , a company listed on the BSE, has announced significant corporate actions and financial results in its recent board meeting held on November 14, 2025.

Equity Warrant Issue

The company's board has approved the issuance of 54,00,000 equity warrants at Rs. 13.50 per warrant to non-promoter investors. This move is expected to raise up to Rs. 72.90 crore. The warrants will be convertible into an equal number of equity shares with a face value of Rs. 10 each.

Key details of the warrant issue:

• Issue price: Rs. 13.50 per warrant (including a premium of Rs. 3.50)
• Conversion period: Within 18 months from the date of allotment
• Payment terms: 25% upfront, remaining 75% upon conversion

An Extraordinary General Meeting (EGM) is scheduled for December 13, 2025, to seek shareholder approval for this preferential issue.

Half-Year Financial Results

Mafia Trends Limited has also reported its unaudited financial results for the half-year ended September 30, 2025:

The company has shown a significant improvement in its financial performance compared to the same period last year:

• Revenue from operations increased from Rs. 263.96 lakhs to Rs. 1,005.66 lakhs
• Net profit rose from Rs. 8.75 lakhs to Rs. 44.44 lakhs
• Basic earnings per share improved from Rs. 0.20 to Rs. 1.00

Balance Sheet Highlights

As of September 30, 2025:

• Total assets stood at Rs. 1,570.02 lakhs
• Shareholders' funds increased to Rs. 838.39 lakhs
• Inventories were reported at Rs. 736.23 lakhs

Cash Flow Statement

For the half-year ended September 30, 2025:

• Net cash flow from operating activities: Rs. (18.99) lakhs
• Net cash flow used in investing activities: Rs. (28.88) lakhs
• Net cash flow from financing activities: Rs. (48.15) lakhs

The company's cash and cash equivalents decreased from Rs. 276.39 lakhs at the beginning of the period to Rs. 180.36 lakhs at the end.

These financial results have been subject to a limited review by the statutory auditors, Ashit N. Shah & Co, who have not reported any material misstatements.

The equity warrant issue, if fully subscribed and converted, could provide Mafia Trends Limited with additional capital for its operations.