Mahesh Developers Board Approves Director Appointments, Capital Increase

Mahesh Developers Ltd announced that its Board of Directors, in a meeting held on October 30, 2026, approved the unaudited financial results for the Quarter & Half-Year ended September 30, 2026. The board also approved the appointment of Mr. Sunny Chowdhry as an Additional Executive Director and Mr. Ashutosh Beri as an Additional Non-Executive Director, both effective October 30, 2026, subject to shareholder approval. Additionally, the company revised its proposal to increase authorized share capital from ₹5 Crores to ₹25 Crores, withdrawing a previous proposal for ₹100 Crores. A fundraise of up to ₹30 Crores (₹30,00,00,000) via various permissible methods was also approved. Changes to the Memorandum and Articles of Association and convening an EGM were also approved.