Maharashtra Corporation Limited has announced a crucial board meeting scheduled for August 11, 2025, to address several important matters, including the approval of its first-quarter financial results and the appointment of a new director.

Key Agenda Items

The board meeting, as disclosed in a regulatory filing, will focus on three primary agenda items:

1. Quarterly Financial Results: The board will consider and approve the unaudited financial results for the quarter ended June 30, 2025. This review of the company's financial performance for Q1 FY2026 is a standard practice for listed companies and provides investors with insights into the company's recent financial health.

2. New Director Appointment: The board will consider the appointment of Mr. Vikasjeet Singh (DIN: 11228402) as a Non-Executive Non-Independent Director. This potential addition to the board could bring new perspectives to the company's leadership.

3. Insider Trading and Fair Disclosure Codes: The meeting will also address the adoption of the company's 'Code of conduct to regulate, monitor and report trading by designated persons' and 'Code of Practices and Procedures for Fair Disclosures of Unpublished Price Sensitive Information'. These measures are aimed at enhancing corporate governance and ensuring compliance with regulatory requirements.

Trading Window Closure

In line with regulatory norms and the company's Code for Prevention of Insider Trading, Maharashtra Corporation Limited has implemented a trading window closure. The trading window for the company's securities has been closed since July 1, 2025, and will remain so until 48 hours after the conclusion of the board meeting on August 11, 2025. This measure is designed to prevent insider trading and ensure fair market practices.

Company Information

Maharashtra Corporation Limited is headquartered at 907-908, Dev Plaza, 9th Floor, Opp. Andheri Fire Station, S V Road, Andheri - West, Mumbai, Maharashtra. The company can be reached at 022-6901 1138 or via email at mcl@visagar.com . Further information is available on their website www.mahacorp.in .

Investors and stakeholders are advised to keep an eye on the outcomes of this board meeting, as it may provide valuable insights into the company's financial performance and future direction. The results of the meeting will be made available on the company's website and the BSE Limited website ( www.bseindia.com ) following its conclusion.

Maharashtra Corporation (MSRTC) is set to diversify its operations by entering the retail fuel sales market, partnering with major oil Public Sector Undertakings (PSUs) including Indian Oil, Bharat Petroleum, and Hindustan Petroleum. This strategic move comes as the state-owned transport body grapples with mounting financial challenges, having accumulated losses of Rs 10,324.00 crore.

Leveraging Existing Infrastructure

MSRTC, which currently operates 251 fuel stations for its own fleet of buses, plans to capitalize on this experience to establish new retail outlets serving the general public. The corporation aims to create 'Petro-Motel Hubs' that will combine fuel sales with retail shopping facilities at strategic locations, potentially creating new revenue streams.

Financial Challenges

The decision to venture into retail fuel sales comes against a backdrop of significant financial strain:

Over the past 45 years, MSRTC has recorded profits in only eight fiscal years.

Operational Scale

Despite its financial difficulties, MSRTC continues to play a crucial role in Maharashtra's public transportation:

• Operates over 15,000 buses
• Serves more than 55 lakh daily commuters

Strategic Initiative

The move into retail fuel sales represents a significant shift in MSRTC's business model:

• Aims to create new revenue streams
• Leverages existing experience in fuel station management
• Partners with established oil PSUs to ensure expertise and supply chain efficiency

As MSRTC embarks on this new venture, it remains to be seen how effectively this diversification strategy will address its long-standing financial challenges while continuing to serve millions of daily commuters across Maharashtra.