MAC Hotels FY2026 Audited Results & Internal Auditor Appointment

Board Meeting Details

The Board of Directors meeting was held on Saturday, May 30, 2026, commencing at 4:00 PM and concluding at 5:00 PM.

Key Decisions Approved

1. Audited Financial Results: Considered and approved the Statement of Audited Financial Results together with Statement of Assets and Liabilities for the Half Year & Year ended 31st March 2026. Taken on record the Auditors' Report on the Audited Financial Statements of the Company for the Half Year & Year ended 31st March, 2026.

2. Internal Auditor Appointment: Considered, approved & taken on record the appointment of M/s. Kishan Patel And Associates as the Internal Auditor of the Company for the Financial Year 2026-27 pursuant to the provisions of Section 138 of the Companies Act, 2013.

Internal Auditor Appointment Details

Name: M/s Kishan Patel And Associates
Reason for appointment: Following the provisions of Section 138 of the Companies Act, 2013 read with Rule 13 of the Companies (Accounts) Rules, 2014
Date of appointment: 30.05.2026
Term: Financial year 2026-27
Remuneration: As decided by the Board of Directors and the firm mutually
Brief profile: Kishan Patel and Associates is a Chartered Accountants Firm based in Mahesana established in 2019, providing expertise in Audits, Accounting, Corporate Laws, Taxation, Goods and Service Tax, Financial Planning, Project Funding, and Management Consultancy
Relationships between directors: None disclosed

Audited Financial Results Highlights (Year ended March 31, 2026)

Profit & Loss Statement (₹ in Lakhs)

| Total Revenue | 247.04 | 457.73 | 210.69 | 247.80 |

| Total Expenses | 267.75 | 416.09 | 148.33 | 232.97 |

| Profit before tax | 20.72 | 41.64 | 62.36 | 14.83 |

| Tax Expense | 33.52 | 8.23 | 16.15 | -10.28 |

| Net Profit/(Loss) | (12.80) | 33.41 | 46.21 | 18.02 |

| Paid Up Equity Share Capital | 563.13 | 563.13 | 563.13 | 563.13 |

| Basic EPS (₹) | (0.23) | 0.59 | 0.82 | 0.32 |

| Diluted EPS (₹) | (0.23) | 0.59 | 0.82 | 0.32 |

Balance Sheet Position (as at March 31, 2026)

Equity and Liabilities (₹ in Lakhs)

| Particulars | 31-Mar-2026 | 31-Mar-2025 |

| Share Capital | 563.13 | 563.13 |

| Reserves & Surplus | 626.91 | 593.50 |

| Long Term Borrowings | 489.66 | 76.27 |

| Deferred Tax Liabilities | 6.71 | 4.73 |

| Trade Payables | 51.21 | 178.47 |

| Other Current Liabilities | 24.83 | 179.70 |

| Short Term Provisions | 162.36 | 41.59 |

| TOTAL | 1,924.80 | 1,652.34 |

Assets (₹ in Lakhs)

| Particulars | 31-Mar-2026 | 31-Mar-2025 |

| Tangible Assets | 973.27 | 595.24 |

| Intangible Assets | 0.32 | 0.40 |

| Non-current investments | 0.29 | 0.29 |

| Other non-current assets | 562.27 | 323.41 |

| Inventories | 121.32 | 66.08 |

| Trade Receivables | 121.29 | 77.09 |

| Cash and Cash Equivalents | 16.66 | 559.94 |

| Other Current Assets | 97.38 | 27.44 |

| TOTAL | 1,924.80 | 1,652.34 |

Cash Flow Statement (Year ended March 31, 2026)

| Particulars | 2026 (₹ in Lakhs) | 2025 (₹ in Lakhs) |

| Net Cash from Operating Activities | (362.08) | (374.45) |

| Net Cash from Investing Activities | (525.33) | (127.76) |

| Net Cash from Financing Activities | 374.09 | 1,008.83 |

| Net Increase/(Decrease) in Cash | (513.28) | 506.62 |

| Cash at beginning of year | 559.94 | 53.32 |

| Cash at end of year | 46.66 | 559.94 |

Auditor's Report Key Findings

Auditor Firm: S K Bhavsar & Co., Chartered Accountants (Firm Registration No.: 145880W)

Opinion: Unmodified opinion stating the financial results give a true and fair view in conformity with applicable Accounting Standards.

Emphasis of Matters:

1. Management has not furnished balance confirmation letters, party-wise reconciliation statements, and age-wise analysis for certain Trade Receivable and Trade Payable balances outstanding as at 31st March, 2026. Unable to satisfy existence, completeness, accuracy, and recoverability of said balances.

2. Company has significant trade payables but no bifurcation between Micro, Small and Medium Enterprise (MSME) creditors provided, affecting regulatory compliance with MSME Development Act, 2006.

3. Advances paid to suppliers remain unconfirmed, raising concerns about reliability and completeness of liabilities reported.

Impact: The impact of these matters on the financial results is not presently ascertainable.

Additional Declarations

1. Regulation 33(3)(d) Declaration: Confirmed that Auditors' Report on Audited financial Results for half year and financial year ended 31st March, 2026 is with Unmodified Opinion.

2. Regulation 32 Statement: Company confirmed no deviation(s) or variation(s) in the use of Public Issue Proceeds raised from Initial Public Issue (IPO) and Preferential Issue of Equity Shares, making Statement of Deviation(s) or Variation(s) not applicable.

Notes to Financial Results

1. Financial Results were reviewed by Audit Committee and approved by the Board of Directors at meeting held on 30th May, 2026.

2. Figures for previous periods have been regrouped and rearranged wherever considered necessary.

3. Financial statements prepared in accordance with applicable Accounting Standards issued by ICAI.

4. IND-AS compliance not applicable as company is listed on SME Platform of BSE.

5. Segment reporting as per AS-17 not applicable as business falls in one segment.

6. Balance Payable And Receivable are subject to confirmation by the management.

#Tags: #MACHotels #FY2026Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral