Financial Performance Highlights

Maral Overseas reported a significant turnaround in FY26 with net profit of ₹3.26 crore compared to a net loss of ₹24.20 crore in FY25. Revenue from operations declined to ₹980.87 crore from ₹1,047.03 crore YoY. The company recognized an exceptional item of ₹59.83 lakh for employee benefits due to New Labour Codes. Basic and diluted EPS improved to ₹0.79 per share from a loss of ₹5.83 per share in FY25.

Segment Performance

The company operates in three business segments:

  • Yarn Division: Revenue ₹532.22 crore (54.26% of total), Segment Result ₹333.75 lakh
  • Fabric Division: Revenue ₹258.57 crore (26.36% of total), Segment Result ₹186.51 lakh
  • Garment Division: Revenue ₹190.07 crore (19.38% of total), Segment Result ₹(101.57) lakh

Total Segment Result improved to ₹418.69 lakh from ₹145.93 lakh in FY25.

Operational and Strategic Initiatives

The company implemented several strategic measures including consolidation of one garment unit to optimize costs, biomass energy transition replacing coal, infusion of ₹30 crore into working capital, and achieving full capacity utilization in melange yarn operations. The company expanded dyed yarn capacities to capture FTA opportunities, particularly from progress on India-EU FTA which is expected to create significant export opportunities for premium textiles.

AGM Details and Resolutions

The 37th Annual General Meeting will be held on August 25, 2026, at 2:00 p.m. via Video Conferencing. The meeting will consider:

  • Ordinary Business: Adoption of audited financial statements, re-appointment of Ravi Jhunjhunwala as director
  • Special Business: Restructuring of remuneration for Shekhar Agarwal (Chairman & MD) and 10% increase for Shantanu Agarwal (Joint MD), ratification of cost auditor appointment

Financial Ratios and Position

Key ratios showed significant improvement: Debt Equity Ratio improved to 1.28 from 1.70 (-24.71%), Net Profit Margin turned positive at 0.33% from -2.31%, Return on Equity improved to 2.97% from -20.13%, and Return on Capital Employed increased to 8.51% from 2.10%.

Compliance and Governance

The company confirms compliance with all applicable laws including Companies Act, 2013 and SEBI LODR Regulations. The document includes Directors' Report, Corporate Governance Report, Management Discussion & Analysis, and various auditor reports. Contingent liabilities stood at ₹673.85 lakh, primarily comprising excise/customs matters (₹423.23 lakh) and labour cases (₹209.97 lakh).

Voting and Shareholder Information

Remote e-voting will be conducted through NSDL from August 21-24, 2026. The company has its registered office in Khargone, Madhya Pradesh and corporate office in Noida, Uttar Pradesh. The Annual Report has been sent to members via email and is available on the company website www.maraloverseas.com.