Mahesh Developers Board Approves Q2/H1 FY27 Results, Director Appointments
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 and 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 for an increase in authorized share capital from ₹5 Crore to ₹25 Crore and approved a plan to raise funds up to ₹30 Crore through various permissible methods. Changes to the Memorandum and Articles of Association were also approved, along with the convening of an Extra-Ordinary General Meeting.
Key Highlights
- Board approved Q2/H1 FY27 unaudited financial results.
- Appointed Sunny Chowdhry and Ashutosh Beri as Additional Directors.
- Revised authorized share capital increase to ₹25 Crore.
- Approved plan to raise up to ₹30 Crore via preferential issue or QIP.
- EGM to be convened for shareholder approvals on key matters.
Price Impact
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