Key Quantitative Figures

  • Revenue from Operations (FY26): ₹35.39 Cr (₹4,225.74 Lakhs in FY25)
  • EBITDA (FY26): ₹2.70 Cr
  • PAT (FY26): ₹1.77 Cr (₹4.71 Cr in FY25)
  • IPO Proceeds: ₹21.00 Cr (21,00,000 equity shares at ₹100 each)
  • CSR Expenditure (FY26): ₹8.50 Lakhs
  • Marketing Spend (FY26): ₹0.29 Cr
  • Employee Strength: 48 permanent employees

Dates of Action

  • Corrigendum Date: September 9, 2026
  • Board Meeting for FY26 Results: May 29, 2026
  • IPO Listing Date: July 7, 2025
  • AGM Date: September 29, 2026
  • New Director Appointments: November 15, 2025

Parties Involved

  • Stock Exchange: BSE Limited (Scrip Code: 544437, Symbol: MARCLOIRE)
  • Statutory Auditor: SPMG&Company
  • Secretarial Auditor: M R S & Associates
  • Internal Auditor: SUV & Co
  • RTA: Maashitla Securities Private Limited
  • New Independent Directors: Saurav Gupta (DIN: 11371121) and Yamini Soni (DIN: 11371065)

Financial Impact

  • The corrections are limited to the Cash Flow Statement and do not impact the audited financial statements including Statement of Profit and Loss and Balance Sheet
  • The audited financial results approved by the Board on May 29, 2026 were correctly reported
  • IPO-related expenses of ₹224.50 Lakhs impacted FY26 profitability

Capital Structure Impact

  • Paid-up Capital Increased: From ₹5.00 Cr to ₹7.10 Cr due to IPO
  • Entire Share Capital: Held in dematerialized form with NSDL and CDSL (ISIN: INE0TBQ01014)

Operational Highlights

  • Offline Expansion: 3 operational stores in Delhi by March 31, 2026; 5 stores in Punjab in fit-out stage
  • Target: 15 stores by March 31, 2027
  • Omnichannel Presence: E-commerce (53% of revenue), offline retail (6.41%), wholesale/other (40.59%)
  • E-commerce Partnerships: Amazon, Myntra, AJIO, Flipkart, Nykaa, Tata Cliq, Limeroad, JioMart, Snapdeal

Director Changes

  • Resignations: Saurabh Shashwat and Rojina Thapa (Independent Directors) effective November 18, 2025
  • New Appointments: Saurav Gupta and Yamini Soni as Additional Independent Directors effective November 15, 2025
  • Board Recommendation: Regularization of both new directors as Non-Executive Independent Directors for 5-year terms (November 15, 2025 to November 14, 2030)

Cash Flow Implications

  • Unutilized IPO proceeds of ₹579.52 Lakhs as of March 31, 2026 temporarily held in escrow accounts/bank balances
  • Funds being deployed in accordance with IPO objects

Additional Information

  • Contact: +91-8595645768