Maral Overseas Limited Announces Extension of Acquisition Timeline and Releases Quarterly Financial Results
Maral Overseas Limited has announced that its Board of Directors approved the unaudited financial results for the quarter ending June 30, 2026, and granted an extension to the timeline for acquiring a significant equity stake in Asawata Energy Private Limited.The company's board meeting, held on July 30, 2026, reviewed and approved the unaudited financial results along with a limited review report issued by statutory auditors. This approval pertains to the quarter ended June 30, 2026.
Key Operational Update: Asawata Energy Acquisition Timeline Extended
The Board approved extending the deadline for completing the proposed acquisition of a 26% equity stake in Asawata Energy Private Limited. This strategic move relates to setting up a 15 MW Solar Power Plant at the Company's Sarovar Plant under the Group Captive Model. The timeline extension is granted due to ongoing commercial negotiations and pending approvals from relevant statutory authorities, allowing completion of the acquisition by February 6, 2027.Unaudited Financial Results for Quarter Ended June 30, 2026
The unaudited financial statements provide a detailed look at Maral Overseas Limited's performance across both company-wide and segment levels. The results are presented in lakh units (except per share data).Statement of Unaudited Financial Results (Quarter ended June 30, 2026)
| Particulars | Quarter Ended 30.06.2026 (Un-Audited) | Quarter Ended 31.03.2026 (Audited) | Quarter Ended 30.06.2025 (Un-Audited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 26,321.29 | 25,822.24 | 22,549.59 | 98,086.61 |
| Other income | 573.36 | 981.51 | 463.79 | 2,337.51 |
| Total Income (I+II) | 26,894.65 | 26,803.75 | 23,013.38 | 1,00,424.12 |
| Total Expenses | 26,362.30 | 25,681.50 | 24,288.78 | 1,00,263.68 |
| Profit/Loss before Exceptional items and tax | 532.35 | 1,122.25 | (1,275.40) | 160.44 |
| Profit before tax | 532.35 | 1,122.25 | (1,275.40) | 100.61 |
| Tax Expense: Deferred tax | (65.67) | (208.84) | (18.42) | (225.53) |
| Profit/(Loss) from continuing operations | 598.02 | 1,331.09 | (1,256.98) | 326.14 |
| Total Other Comprehensive Income | 217.04 | (103.69) | (43.50) | (141.62) |
| Total Comprehensive Income | 815.06 | 1,227.40 | (1,300.48) | 184.52 |
| Paid-up equity share capital | 4,150.80 | 4,150.80 | 4,150.80 | 4,150.80 |
| Earnings Per Equity Share (Basic) | 1.44 | 3.21 | (3.03) | 0.79 |
Segment Performance Summary
The company operates across three segments: Yarn, Fabric, and Garment. The segment results are summarized below:Segment Results (Quarter ended June 30, 2026)
| Segment | Net Revenue from Operations | Profit/(Loss) before tax | Total Capital Employed |
|---|---|---|---|
| Yarn | 19,252.50 | 1,276.51 | 46,766.11 |
| Fabric | 7,603.10 | 517.96 | 13,960.19 |
| Garment | 3,864.59 | (276.80) | 8,868.47 |
| Total | 26,321.29 | 532.35 | 69,594.77 |
Notes on Financial Reporting
The results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors. The statutory auditors issued an unqualified limited review report for the quarter ended June 30, 2026.It is noted that in connection with the New Labour Codes implemented by the Government of India as of November 21, 2025, the company has accounted for an estimated incremental impact of Rupees 59.83 Lakh as an Exceptional Item for the quarter ended March 31, 2026, and the year ended March 31, 2026.
MARALOVER Stock Price Movement
Today, Maral Overseas Limited shares surged to close at ₹61.43, marking a robust gain of 2.87% after market close. The stock saw an active trading volume of 24,599 shares today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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