Maha Rashtra Apex Corporation Ltd (MAHAPEXLTD) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Maha Rashtra Apex Corporation Ltd on NSE and BSE, with an AI summary of each filing.
Attached herewith Monitoring Agency Report for the quarter ended 30th September, 2026.
Others (Uncategorized) · 22 Oct 2026, 5:55 pm
Maharashtra Apex Corporation Reports Rights Issue Proceeds Monitoring for Sep'26 Quarter Brickwork Ratings issued the monitoring report for Maharashtra Apex Corporation's ₹14.09 crore rights issue for the quarter ended 30th Sep'26, confirming zero deviations from stated objects. The company utilized ₹0.52 crore toward issue expenses versus the ₹0.40 crore allocation, while key project disbursements remain unutilized, including ₹12.25 crore for compromise dues, ₹1.16 crore for liability reductions, and ₹0.28 crore for general corporate purposes. Unutilized proceeds are parked in Canara Bank fixed deposits earning 6.25% to 7.00% returns maturing across May'27 to Aug'27.
NSE and BSE vide their letter dated 10th September 2026 approved reclassification of Mr. T Satish U Pai from promoter to public category
Others (Uncategorized) · 15 Sept 2026, 3:58 pm
Maha Rashtra Apex Corporation Receives Approval for Promoter Reclassification BSE and NSE, vide letters dated 10th Sep'26, approved the reclassification of promoter Mr. T Satish U Pai to the 'Public' category under Regulation 31A of SEBI LODR Regulations. Mr. Pai holds 120 equity shares in Maha Rashtra Apex Corporation Limited, representing a 0% stake in the company.
Proceedings of 82nd Annual General Meeting held on 24th August 2026 at 11:00 AM and concluded at 11:30 AM
Annual General Meeting · 24 Aug 2026, 5:49 pm
Monitoring Agency Report for Quarter ended June 2026 with regards to Rights Issue
Others (Uncategorized) · 14 Aug 2026, 10:27 pm
Maha Rashtra Apex: Monitoring Report on Rights Issue Proceeds for Q1FY27 Brickwork Ratings, the monitoring agency, reported on Maha Rashtra Apex Corp's ₹14.09 Cr Rights Issue for the quarter ended 30 Jun'26. As of the quarter-end, ₹0.52 Cr was utilized for issue expenses, against a planned ₹0.40 Cr. The remaining ₹13.71 Cr, earmarked for liability repayment, compromise scheme dues, and general corporate purposes, remains unutilized and is held in fixed deposits with Canara Bank. The report confirmed no deviation from the stated objects of the issue, although the implementation of key objectives is still ongoing.
Announcement for venturing into new business activity
Others (Uncategorized) · 13 Aug 2026, 8:27 pm
Maha Rashtra Apex to Enter Kiri/Paulownia Timber Distribution Business Maha Rashtra Apex Corporation's board approved a new business activity on 13th Aug'26 to market and distribute Kiri/Paulownia tree timber and related products. The company will act as a channel partner for WGW Agreen Private Limited, which holds exclusive rights in India for the promotion, sale, and distribution of hybrid tissue-cultured Paulownia Trees (Phoenix One® variety). This initiative aims to develop a market and distribution network for Paulownia timber in India, anticipating future supply from plantations.
Un-audited Results for Quarter ended June 2026
Financial Result · 13 Aug 2026, 8:22 pm
Maha Rashtra Apex: Q1FY27 Results Decline Amid Qualified Auditor Opinion Maha Rashtra Apex reported a consolidated PAT of ₹347.61 lakhs for Q1FY27, down 85.4% YoY from ₹2,386.41 lakhs, driven by a sharp decrease in the share of profit from associates. Consolidated total income fell slightly to ₹157.66 lakhs from ₹159.01 lakhs YoY. Auditors issued a qualified opinion on both standalone and consolidated results, noting the company failed to provide for delayed interest costs, overstating profits. For Q1, this unprovided interest was ₹12.06 lakhs, with a cumulative impact of ₹393.73 lakhs since Oct'19.
Maha Rashtra Apex Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Attached herewith ....
Intimation · 13 Aug 2026, 5:30 am
Maha Rashtra Apex Board Meeting Set to Approve Q1FY27 Results Maha Rashtra Apex Corporation Ltd. announced its Board of Directors will meet on 13th Aug'26. The primary agenda is to consider and approve the company's Un-Audited Financial Results for the first quarter ending 30th Jun'26. This corporate action is in compliance with SEBI's Listing Obligations and Disclosure Requirements regulations.
Attached herewith 82nd Annual General Meeting Notice and Annual Report for the year ended 31st March, 2026.
Others (Uncategorized) · 01 Aug 2026, 4:40 pm
Outcome of Board Meeting held on 24th July 2026
Others (Uncategorized) · 24 Jul 2026, 6:19 pm
Maha Rashtra Apex Board Re-appoints Internal Auditor, Sets AGM Date Maha Rashtra Apex Corporation's board, at its meeting on 24 Jul'26, re-appointed Ms. Nita J. Desai as Internal Auditor for FY27. The board also approved the notice for the 82nd Annual General Meeting (AGM), scheduled to be held via video conferencing on 24 Aug'26 at 11:00 A.M. Additionally, the Board's Report for FY26, including the Management Discussion and Analysis, was approved. Ms. Desai is a Chartered Accountant with over 24 years of experience.
We refer to Outcome of Board Meeting Dated 08th June 2026 wherein due to inadvertent typhographical error date of Board Meeting in the body of letter was mentioned as 08th August 2026. ....
Outcome · 09 Jul 2026, 3:40 pm
Maha Rashtra Apex Corrects Board Meeting Date and Reclassifies Promoter Maha Rashtra Apex Corporation Limited issued a corrigendum on 09-Jul'26 to correct the date of its board meeting from "08th August, 2026" to the actual date of "08th June, 2026". The meeting, held on 08-Jun'26, approved the reclassification of Mr. T. Satish U. Pai from the Promoter category to the public category, pending stock exchange approval. This correction rectifies a typographical error in the previous disclosure, while all other details of the outcome remain unchanged.
Application submited to the Stock exchange on 11th June 2026 for reclassification of Promoter T Satish U Pai from Promoter to Public category shareholder.
Others (Uncategorized) · 11 Jun 2026, 4:24 pm
Maha Rashtra Apex: Promoter Reclassification Application Submitted to Exchanges Maha Rashtra Apex Corporation applied on Jun 11, '26, to reclassify promoter Mr. T Satish U Pai to the "Public" shareholder category. The board had previously approved this reclassification on Jun 08, '26. Mr. Pai holds 120 shares, representing a 0% stake. The company is now seeking approval from the BSE and NSE for this change in promoter group status, as per SEBI regulations. This move could potentially signal a shift in the promoter group's involvement or a step towards broader public ownership.
Approval of Reclassifiation request from Promoter to Public category pursuant to Regulation 30 and Regulation 31 of SEBI (LODR) Regulation ,2015.
Others (Uncategorized) · 08 Jun 2026, 4:29 pm
Maha Rashtra Apex Board Approves Promoter Reclassification Maha Rashtra Apex Corporation's board, in its meeting on 08 Jun'26, approved the reclassification of promoter Mr. T Satish U Pai to the "public" shareholder category. Mr. Pai holds 120 shares, representing 0% of the company's total holding. The reclassification is subject to stock exchange approval. This move follows the board's confirmation that Mr. Pai is not involved in management, holds less than 1% of voting rights, and has no control over company policy, thus meeting SEBI's regulatory requirements for such a change.
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, the Board of Directors of the Company at its meeting held on ....
Others (Uncategorized) · 08 Jun 2026, 4:25 pm
Maha Rashtra Apex Board Approves Promoter Reclassification The Board of Directors of Maha Rashtra Apex Corporation, in its meeting on 08 Aug'26, approved the request for the reclassification of Mr. T Satish U Pai from the Promoter category to the Public category. This decision is subject to approval from the stock exchanges. The meeting commenced at 10:00 AM and concluded at 10:30 AM.
Please find enclosed changes in Directors pursuant to Board Meeting held on May 26th , 2026
Change in Management · 26 May 2026, 10:57 pm
Maha Rashtra Apex Announces Major Board and KMP Overhaul Maha Rashtra Apex Corp announced a significant board and KMP restructuring effective 26th May'26. Mr. Aspi Nariman Katagara resigned as MD, succeeded by Mr. Cyrus Khambta for a five-year term. Mr. Jamsheed Minoo Panday was appointed Executive Director, resigning as Company Secretary. Mr. Arvind Ganesh Mallya is the new Company Secretary & Compliance Officer. Two Independent Directors, Ms. Vidya More and Mr. Nagarajan Krishnan, also resigned. Additionally, Mr. Kudi Bhoja Shetty was redesignated from Non-Executive to Independent Director.
Outcome of Board Meeting held on 26th May 2026 approving financial results of March 31st, 2026 and other matter
Outcome · 26 May 2026, 10:53 pm
Maha Rashtra Apex: FY26 Audit Qualified, Major Board and KMP Reshuffle Maha Rashtra Apex reported FY26 results with a qualified audit opinion for both standalone and consolidated financials. Auditors noted an overstatement of profit and understatement of liability due to non-provision of delayed period interest cost of ₹47.91 lakhs for FY26. On 26th May'26, the board approved significant leadership changes, including the resignation of the MD and two Independent Directors. Concurrently, Cyrus Khambara was appointed MD and Jamsheed M Panday as Executive Director, while Arvind Ganesh Mallya was named the new Company Secretary.
Maha Rashtra Apex Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2026 ,inter alia, to consider and approve A Meeting of ....
Intimation · 26 May 2026, 5:30 am
Maha Rashtra Apex Board Meeting Set for Q4 & FY26 Results Maha Rashtra Apex Corporation Ltd. has scheduled a Board of Directors meeting for 26th May'26. The agenda includes the consideration and approval of the audited financial results for the fourth quarter and the full financial year ended 31st Mar'26. This announcement is a key procedural update ahead of the company's earnings release.
Attached copies of corrigendum for Advertisement dated 8th May, 2026
Others (Uncategorized) · 12 May 2026, 7:16 pm
Maha Rashtra Apex: Trading Delayed for 14.09M Rights Issue Shares Maha Rashtra Apex Corporation announced a delay in the trading commencement for its 14,091,896 Rights Issue shares. While listing approvals from BSE and NSE were received on 06 May'26, trading is postponed pending a credit confirmation letter from CDSL and completion of other procedural formalities with the stock exchanges. The allotment of shares is unaffected. The company is working to expedite the process and will announce a revised trading commencement date in due course. All other terms from the 08 May'26 allotment intimation remain unchanged.
Allotment of Equity Shares on Rights basis
Rights Issue · 04 May 2026, 11:17 pm
Maha Rashtra Apex Corporation Finalizes Rights Issue Allotment Maha Rashtra Apex Corporation announced on 4 May'26 the allotment of 1,40,91,896 fully paid-up equity shares under its rights issue. The shares, with a face value of Rs. 10 each, were issued at par for Rs. 10 per share. This allotment doubles the company's paid-up equity share capital from Rs. 14.09 crore to Rs. 28.18 crore. The total number of equity shares outstanding has consequently increased from 1,40,91,896 to 2,81,83,792. The board approved the allotment basis from the offer letter dated 11 Mar'26.
Attached disclosure of Closure of Rights issue of the Company.
Rights Issue · 30 Apr 2026, 10:44 pm
Maha Rashtra Apex Corporation Announces Closure of Rights Issue Maha Rashtra Apex Corporation has closed its Rights Issue period on 30 Apr'26. The issue, which opened on 02 Apr'26, offered up to 1,40,91,896 fully paid-up equity shares with a face value of Rs. 10 each. The offering was conducted at par, targeting an aggregate value of up to Rs. 1,409.18 lakhs (approx. Rs. 14.09 crore). This fundraising exercise aimed to bolster the company's capital base through the issuance of new equity to existing shareholders.
Attached letter received from Promoter to be Re-Classified under public category.
Others (Uncategorized) · 10 Apr 2026, 7:34 pm
Maha Rashtra Apex: Promoter T Satish U Pai Seeks Reclassification to Public Shareholder Maha Rashtra Apex Corporation received a request on 09-Apr'26 from promoter T Satish U Pai for reclassification to the public shareholder category. Pai, holding 120 equity shares (0% stake), states he has no control, management rights, or board representation. The request follows his name being erroneously included in the promoter group in a Rights Issue Letter of Offer dated 11-Mar'26. The company's board will consider this reclassification, compliant with SEBI's Regulation 31A, at its next meeting.
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Others (Uncategorized) · 10 Apr 2026, 4:06 pm
Maha Rashtra Apex Corporation Confirms it is Not a "Large Corporate" Maha Rashtra Apex Corporation Ltd. announced on 10 Apr'26 that it does not qualify as a “Large Corporate” under the criteria defined by SEBI's circular dated 26 Nov'18. The disclosure for the financial year ended 31 Mar'26 confirms its non-applicability, meaning it is not subject to the mandatory borrowing framework for Large Corporates. Key metrics such as outstanding borrowings and credit ratings were marked as not applicable, reinforcing its status outside this regulatory definition.
Attached herewith Letter of Offer dated 11th March, 2026 for the Right issue of the Company.
Rights Issue · 30 Mar 2026, 6:03 pm
Maha Rashtra Apex Announces Rights Issue to Raise ₹1,409.19 Lakhs Maha Rashtra Apex Corporation has announced a Rights Issue to raise up to ₹1,409.19 lakhs. The company will issue up to 1,40,91,896 equity shares at a price of ₹10 per share. The entitlement ratio is 1 new share for every 1 existing share held on the record date of Mar 20, '26. The issue will open on Apr 02, '26, and close on Apr 30, '26. Net proceeds will be used to repay advances (₹115.53 lakhs), settle dues under a compromise scheme (₹1,225.32 lakhs), and for general corporate purposes.
Intimation of International Securities Identification Number ("ISIN) for the rights entitlements to be credited for the purpose of Rights issue of the Company.
Rights Issue · 13 Mar 2026, 9:44 pm
Maha Rashtra Apex Corp Announces ISIN for Upcoming Rights Issue Maha Rashtra Apex Corporation Ltd has announced the International Securities Identification Number (ISIN) for its upcoming rights issue entitlements is INE843B20013. In its regulatory filing on 13 Mar'26, the company confirmed arrangements with NSDL and CDSL to credit the Rights Entitlements to eligible shareholders' demat accounts. The entitlements will be credited prior to the rights issue opening date for shareholders on the record date. This ISIN specifically identifies the tradable rights entitlements, not the final equity shares.
The Board at its Meeting held on March 11, 2026 has approved record date as on March 20,2026, Issue Price at Rs.10 at par and other terms given in letter attached.
Rights Issue · 11 Mar 2026, 10:55 pm
Maha Rashtra Apex Corporation Announces 1:1 Rights Issue at Par The Board on 11 Mar'26 approved a rights issue of up to 1,40,91,896 equity shares at ₹10 per share (at par), aggregating up to ₹1,409.19 lakhs. The entitlement ratio is set at 1:1, meaning one rights share for every one share held. The record date to determine eligibility is 20 Mar'26. The issue will open on 02 Apr'26 and close on 30 Apr'26. Post-issue, assuming full subscription, the total outstanding equity shares will increase to 2,81,83,792 from 1,40,91,896 shares.
Further to in-principal approval received from NSE & BSE vide their letter Dates March 05, 2026 and March 04, 2026 respcetively the Board at its Meeting held today i.e. March 11th, 2026 ....
Others · 11 Mar 2026, 10:52 pm
Maha Rashtra Apex Corp Sets Record Date for Rights Issue Maha Rashtra Apex Corporation Ltd (NSE: MAHAPEXLTD) has fixed 20th Mar'26 as the record date for its upcoming rights issue of equity shares. The purpose is to determine the shareholders eligible to receive the rights entitlements. The Board of Directors finalized the date at its meeting held on 11th Mar'26.