Maha Rashtra Apex Corporation Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting

Maha Rashtra Apex's board approved Q1 consolidated financial results, showing a profit of **Rs 2.38 Cr**. However, auditors noted that profit is overstated due to unprovided delayed interest costs of **Rs 11.75 lakh** for the quarter, with a cumulative impact of **Rs 3.45 Cr** since Oct 2019. The board also appointed Mr. Nagarajan Sivaramakrishnan as a new Non-Executive Independent Director and approved shifting its corporate office to new premises in Manipal. Investors should note the auditor's observation on interest provision.