Maha Rashtra Apex Corporation Limited — Board Meeting, 30-05-2025: Outcome of Board Meeting

Maha Rashtra Apex has announced a board meeting approving the consolidated financial results for the quarter and year ended March 31, 2025. The group posted total income of Rs. 791.10 lakhs and a net profit of Rs. 1965.96 lakhs (adjusted Rs. 1917.82 lakhs after audit notes). EPS came in at Rs. 13.95 (adjusted 13.60). A key boost came from reversing Rs. 1000.50 lakhs of unsecured lease deposits and ICD liabilities, enhancing exceptional income. The board appointed P M Agarwal & Co. as secretarial auditors for five years. Audit concerns remain on delayed interest provisioning since 2019, affecting profits.