Mahalaxmi fabric mills Limited has announced the resignation of its Company Secretary and Compliance Officer, CS Heer Pandya, effective March 31, 2026. The announcement was made through a regulatory filing to the stock exchanges on March 6, 2026.

Resignation Details

CS Heer Pandya (A64319) tendered her resignation on March 6, 2026, from her position as Company Secretary and Compliance Officer, which is classified as a Key Managerial Person role. The resignation will take effect from the closing of business hours on March 31, 2026.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was sent to both BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed under script code 544233 and symbol MFML respectively.

Resignation Letter

In her resignation letter dated March 3, 2026, CS Heer Pandya expressed gratitude for the trust and opportunities received during her tenure. She cited better career opportunities as the reason for her departure and committed to ensuring a smooth transition. The resignation letter was formally accepted by Chairman Jeetmal B. Parekh (DIN: 00512415) on March 6, 2026.

Key Highlights

• Resignation tendered for professional growth and better career opportunities
• Commitment to smooth transition process
• All regulatory disclosure requirements fulfilled
• Chairman's formal acceptance of resignation completed

The company will need to appoint a new Company Secretary and Compliance Officer to fill this key managerial position in accordance with regulatory requirements.

Mahalaxmi Fabric Mills Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, showing continued challenges in its standalone operations despite receiving insurance settlements related to the fire incident that occurred in November 2024. The traditional textiles manufacturer reported widened losses on a standalone basis while showing some improvement in consolidated performance.

Standalone Financial Performance

The company's standalone operations reflected significant pressure during Q3FY26. Revenue from operations declined to ₹1360.93 lakhs compared to ₹1607.15 lakhs in Q3FY25, representing a decrease in operational income. The net loss widened substantially to ₹317.64 lakhs from ₹206.10 lakhs in the corresponding quarter of the previous year.

The company's total expenditure for the quarter stood at ₹1496.63 lakhs compared to ₹1999.77 lakhs in Q3FY25, showing reduced operational costs.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the standalone performance showed mixed results. Revenue from operations reached ₹3837.95 lakhs compared to ₹5866.48 lakhs in the corresponding nine-month period of FY25. The net loss for nine months widened to ₹934.30 lakhs from ₹295.17 lakhs in the previous year.

Consolidated Results Show Improvement

On a consolidated basis, which includes the performance of wholly-owned subsidiary Mahalaxmi Exports Private Limited, the company demonstrated better performance. The consolidated net loss for Q3FY26 was ₹75.65 lakhs compared to ₹106.90 lakhs in Q3FY25, showing improvement in overall group performance.

For the nine-month period, consolidated operations showed a net loss of ₹157.43 lakhs compared to a net profit of ₹68.11 lakhs in the corresponding period of FY25.

Insurance Settlement and Fire Impact

The company received significant insurance settlement during the quarter related to the fire incident that occurred at its factory premises on November 24, 2024. The final assessment and settlement of insurance claims relating to inventories, including third-party stock and accrued job work charges, was completed during Q3FY26. The net amount of ₹2.97 crores was disclosed as exceptional income in the Statement of Profit and Loss.

This follows the previous quarter's settlement where ₹4.44 crores was received for fixed assets damaged in the fire. The company continues reconstruction and restoration activities, including construction of a new factory building, installation of plant and machinery, and development of related infrastructure. Production operations have recommenced on a gradual basis.

Operational Highlights

Mahalaxmi Fabric Mills operates in the traditional textiles segment, which represents its only reportable operating segment. The company's paid-up equity share capital remains at ₹1062.03 lakhs with a face value of ₹10 per share. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 13, 2026, with limited review conducted by statutory auditors Jain Chowdhary & Co.