Maha Rashtra Apex Corporation Reports Significant Profit Growth in Q1 FY2026, Approves Key Board Changes
Maha Rashtra Apex Corporation Limited (MRACL) reported a significant profit increase for Q1 FY2026. Standalone profit after tax rose to ₹597.18 crore from a loss of ₹11.05 crore in Q1 FY2025. Consolidated profit after tax jumped to ₹2,240.34 crore from ₹26.39 crore. The company reappointed Ms. Nita J. Desai as Internal Auditor and appointed Mr. Nagarajan Sivaramakrishnan as a Non-Executive Independent Director. MRACL also approved relocating its corporate office. Auditors noted unprovided interest on deposits amounting to ₹345.50 lakhs cumulatively.