Mahaalaxmi Texpro Limited Announces Q1 Results and Appoints New Additional Director
Mahaalaxmi Texpro Limited, formerly known as Abhishek Corporation Limited, announced the outcome of its Board meeting held on August 14, 2026. The outcomes included the release of Un-Audited Financial Results (Standalone) for the quarter ended June 30, 2026, and the appointment of Mr. Prathamesh Mukund Gaikwad as an Additional Director.The Board approved the un-audited financial results, which were reviewed by the Statutory Auditors of the Company through a Limited Review Report. These results provide insight into the company's performance across key operational metrics for the quarter ended June 30, 2026.
Financial Performance Highlights (Q1 FY2026)
The Un-Audited Statement of Standalone Financial Results shows details regarding revenue and earnings over various periods. The table below summarizes the reported financial figures in lakhs.| Metric | Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended March 31, 2026 (Reviewed) |
|---|---|---|
| Revenue From Operations (Gross) | 6.92 | 6.92 |
| Other Income | 0 | 6.92 |
| Total Revenue (1+2) | 6.92 | 6.92 |
| Profit (loss) Before Tax | (135.54) | (843) |
| Net profit (loss) after tax | 15.37 | N/A |
| Total Comprehensive Income (net of tax) | 336.96 | 336.96 |
| EPS (Basic) | (0.46) | (0.25) |
The company operates in a single business segment, "textile."
Appointment of Additional Director
Mahaalaxmi Texpro Limited also announced the appointment of Mr. Prathamesh Mukund Gaikwad as an Additional Director in the category of Non-Executive - Independent Director. The decision was approved by the Board based on the recommendation of the Nomination and Remuneration Committee, effective from August 14, 2026.Mr. Gaikwad's appointment is valid up to the date of the next Annual General Meeting or the last date on which the Annual General Meeting should have been held, whichever is earlier.
Details regarding Mr. Prathamesh Gaikwad include:
- Role: Additional Director (Non-Executive/Independent Director).
- Profile: He possesses over 8 years of experience in the fintech ecosystem. His expertise spans Supply Chain Finance, Payments, Loyalty & Rewards, and Digital Lending.
- Experience Highlights: He has led and scaled multiple startups and brings strong expertise in building scalable fintech platforms and integrating complex financial ecosystems.
- Relationship: There is no inter-se relationship between Mr. Gaikwad and the other members of the board.
- Shareholding & Directorships: His shareholding and directorships in other listed entities are nil.
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