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Latest filing: 2026-08-14 15:55
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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
8 announcements match the current filters (relevance ≥ 5).
Mahaalaxmi Texpro Reports Nil Revenue and Rs 15.37 Lakh Net Loss for Q1 FY27
Mahaalaxmi Texpro Limited (formerly Abhishek Corporation) reported zero revenue from operations for the quarter ended June 30, 2026. The company recorded a net loss of Rs 15.37 lakhs, a slight improvement from the Rs 20.68 lakh loss in the corresponding quarter of the previous year. Total expenses for the period were Rs 15.43 lakhs, primarily consisting of employee benefits and other operating costs. The company also announced the appointment of Mr. Prathamesh Mukund Gaikwad as an Independent Director for a five-year term.
Confidence: HIGH
What changedThe company released its first-quarter financial results for the 2026-27 fiscal year and appointed a new independent director with fintech expertise.
Why it mattersThe lack of revenue indicates the company is currently non-operational. The mention of a 'Liquidator' in the Limited Review Report is a critical indicator of the company's distressed status.
Revenue from Operations: Rs 0.00 lakhsNet Loss (Q1 FY27): Rs 15.37 lakhsTotal Expenses: Rs 15.43 lakhsEquity Share Capital: Rs 336.96 lakhsEarnings Per Share (EPS): Rs (0.46)
📅 Short termThe stock is likely to remain under pressure due to the lack of business activity and continued losses.
📈 Long termThe long-term outlook is highly uncertain given the zero revenue and the involvement of a liquidator, suggesting the company may be undergoing insolvency proceedings.
⚠ Risk flags
- Zero revenue from operations
- Persistent net losses
- Auditor report mentions management is authorized by a Liquidator
- Negative EPS of Rs 0.46
Key Highlights
Revenue from operations stood at Rs 0.00 lakhs for the quarter ended June 30, 2026.
Net loss for the quarter was Rs 15.37 lakhs compared to a loss of Rs 20.68 lakhs YoY.
Total expenses for the quarter were Rs 15.43 lakhs, down from Rs 20.74 lakhs in the previous year's quarter.
Paid-up equity share capital remains at Rs 336.96 lakhs with a face value of Rs 10 per share.
Appointment of Mr. Prathamesh Mukund Gaikwad as an Additional Independent Director for a 5-year term.
👀 What to Watch
Investors should monitor the company's ability to restart operations, as the current 'Nil' revenue status and mention of a 'Liquidator' in the auditor's report suggest significant structural or insolvency-related challenges.
Abhishek Corp (Mahaalaxmi Texpro) Reports Q1 Net Loss of ₹15.37 Lakhs; Appoints New Director
Mahaalaxmi Texpro Limited (formerly Abhishek Corporation) reported near-zero operations for the quarter ended June 30, 2026, with revenue from operations falling to just ₹0.06 lakhs from ₹6.92 lakhs YoY. The company recorded a net loss of ₹15.37 lakhs for the quarter, compared to a loss of ₹20.68 lakhs in the previous year's corresponding quarter. Alongside the results, the board appointed Mr. Prathamesh Gaikwad, a fintech professional with 8+ years of experience, as an Independent Director for a 5-year term. The financials indicate a company with minimal business activity and persistent losses.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results showing a near-total halt in operational revenue and refreshed its board with a new Independent Director.
Why it mattersWith quarterly revenue of only ₹6,000, the company is effectively non-operational. The persistent losses and lack of business scale pose significant risks to equity value.
Revenue from Operations (Q1): ₹0.06 lakhsNet Loss (Q1): ₹15.37 lakhsYoY Revenue Growth: -99.13%Paid-up Equity Capital: ₹336.96 lakhsDirector Appointment Term: 5 Years
📅 Short termThe stock is likely to face pressure due to the lack of operational revenue and continued losses reported in the Q1 results.
📈 Long termThe long-term outlook is highly uncertain given the lack of core business activity; any recovery depends on a successful restructuring or new business direction.
⚠ Risk flags
- Near-zero operational revenue
- Persistent net losses
- High depreciation relative to revenue
- Potential business inactivity
Key Highlights
Revenue from operations dropped 99% YoY to a negligible ₹0.06 lakhs (₹6,000).
Net loss for the quarter stood at ₹15.37 lakhs, slightly narrower than the ₹20.68 lakhs loss in Q1 2025.
Total expenses of ₹15.43 lakhs were primarily driven by employee benefits (₹1.89 lakhs) and depreciation (₹12.78 lakhs).
Appointment of Mr. Prathamesh Gaikwad as an Independent Director for a 5-year term starting August 14, 2026.
Paid-up equity share capital remains at ₹336.96 lakhs with a face value of ₹10 per share.
👀 What to Watch
Investors should monitor whether the appointment of a director with fintech expertise signals a potential pivot in business strategy, as the current textile operations appear dormant.
Rs 15.37 Lakh Net Loss for Abhishek Corp (Mahaalaxmi Texpro) on Zero Revenue in Q1 FY27
Mahaalaxmi Texpro Limited (formerly Abhishek Corporation) reported zero revenue from operations for the quarter ended June 30, 2026. The company posted a net loss of Rs 15.37 lakhs, which is a slight improvement from the Rs 20.68 lakh loss in the same quarter of the previous year. Total expenses for the quarter stood at Rs 15.43 lakhs, primarily consisting of employee benefits and depreciation. Additionally, the company appointed Mr. Prathamesh Gaikwad, a fintech professional with 8+ years of experience, as an Independent Director for a 5-year term.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results showing a complete lack of operational revenue and inducted a new Independent Director with a technology background.
Why it mattersThe zero-revenue status indicates the company is currently non-operational or in a state of severe business suspension, making the management's next steps critical for survival.
Revenue from Operations: Rs 0.00Net Loss (Q1 FY27): Rs 15.37 lakhsTotal Expenses: Rs 15.43 lakhsPaid-up Equity Capital: Rs 336.96 lakhsDirector Experience: 8+ years
📅 Short termNegative sentiment is expected to persist as the company fails to generate any top-line income while continuing to incur administrative costs.
📈 Long termThe long-term outlook is highly speculative given the current lack of business operations; any recovery depends on a successful pivot or restart of the textile business.
⚠ Risk flags
- Zero operational revenue
- Persistent net losses
- Business model uncertainty
Key Highlights
Revenue from operations was Rs 0.00 for the quarter ended June 30, 2026
Net loss for the period stood at Rs 15.37 lakhs against a loss of Rs 20.68 lakhs YoY
Total expenses incurred were Rs 15.43 lakhs, including Rs 1.89 lakhs in employee benefits
Appointment of Mr. Prathamesh Gaikwad as Independent Director for a tenure of 5 years
Paid-up equity share capital remains constant at Rs 336.96 lakhs
👀 What to Watch
Investors should monitor if the company resumes operational activity or if the appointment of a fintech-specialized director signals a shift in business strategy from its traditional textile roots.
Abhishek Corp (Mahaalaxmi Texpro) Reports Nil Revenue and Rs 15.37 Lakh Net Loss in Q1 FY27
Abhishek Corporation (now Mahaalaxmi Texpro) reported zero operational revenue for the quarter ended June 30, 2026. The company recorded a net loss of Rs 15.37 lakhs, which has widened from a loss of Rs 8.43 lakhs in the corresponding quarter of the previous year. Total expenses for the period were Rs 15.43 lakhs, while other income plummeted to a negligible Rs 0.06 lakhs. The board also appointed Mr. Prathamesh Gaikwad, a fintech professional, as an Independent Director for a five-year term.
Confidence: HIGH
What changedThe company reported a widening net loss on zero revenue and added a new independent director with a fintech background to its board.
Why it mattersThe lack of revenue and the mention of a liquidator indicate that the core textile business is currently non-functional, posing a high risk to equity value.
Revenue from Operations: Rs 0.00Net Loss: Rs 15.37 lakhsTotal Expenses: Rs 15.43 lakhsOther Income: Rs 0.06 lakhsPaid-up Equity Capital: Rs 336.96 lakhs
📅 Short termThe stock is likely to face pressure due to the lack of business activity and widening losses.
📈 Long termThe long-term outlook is highly speculative given the zero revenue and the apparent involvement of a liquidator in company management.
⚠ Risk flags
- Zero operational revenue
- Widening net losses
- Management authorized by a Liquidator (Insolvency risk)
- Significant drop in other income
Key Highlights
Revenue from operations stood at Rs 0.00 for the quarter ended June 30, 2026
Net loss widened to Rs 15.37 lakhs compared to a loss of Rs 8.43 lakhs in Q1 FY26
Other income decreased significantly to Rs 0.06 lakhs from Rs 6.92 lakhs YoY
Total expenses remained relatively flat at Rs 15.43 lakhs vs Rs 15.35 lakhs YoY
Appointment of Mr. Prathamesh Gaikwad as Independent Director for a 5-year term starting August 14, 2026
👀 What to Watch
Investors should exercise extreme caution as the company has zero operational revenue and the auditor's report mentions management is authorized by a 'Liquidator', suggesting ongoing insolvency or liquidation proceedings.
Mahaalaxmi Texpro Reports Zero Revenue and ₹1.35 Crore Net Loss for FY26
Mahaalaxmi Texpro Limited (formerly Abhishek Corporation) reported zero revenue from operations for the entire financial year 2025-26, a sharp decline from ₹4.62 crore in the previous year. The company posted a net loss of ₹1.35 crore for FY26, which is an improvement from the ₹25.28 crore loss in FY25, although the prior year was impacted by significant exceptional items. Crucially, the company's net worth remains negative at ₹(1.72) crore as of March 31, 2026. Cash flow from operations was also negative at ₹42.91 lakhs, indicating persistent liquidity and operational challenges.
Key Highlights
Revenue from operations fell to zero in FY26 from ₹4.62 crore in the previous fiscal year
Annual net loss narrowed to ₹1.35 crore in FY26 compared to a loss of ₹25.28 crore in FY25
The company reported a negative net worth of ₹1.72 crore as of March 31, 2026
Auditors highlighted cash losses of ₹84.31 lakhs for the year ended March 31, 2026
Total assets decreased significantly to ₹5.99 crore from ₹9.28 crore year-on-year
👀 What to Watch
Investors should exercise extreme caution as the company has ceased generating operational revenue and carries a negative net worth. The stock remains highly speculative and fundamentally weak given the lack of business activity.
Mahaalaxmi Texpro (formerly Abhishek Corp) Promoters Declare Zero Pledged Shares for FY24
Mahaalaxmi Texpro Limited, formerly known as Abhishek Corporation, has submitted its annual SEBI SAST declaration confirming that promoters have not pledged or encumbered any shares. The company is currently transitioning out of liquidation after being sold as a going concern to Mahaalaxmi Textile following an NCLT order on January 25, 2024. Significant corporate actions, including the cancellation of old promoter shares and allotment of shares to new promoters, are currently in process with the ROC and stock exchanges. This filing serves as a compliance measure during the ongoing restructuring phase.
Key Highlights
Promoters declared zero encumbrances or pledges on equity shares for the financial year ended March 31, 2024.
Company was sold as a going concern to Mahaalaxmi Textile per NCLT order dated January 25, 2024.
Liquidator issued the sale certificate on March 11, 2024, marking the formal change in ownership.
Restructuring processes including share consolidation and reduction are still pending approval at the ROC and stock exchanges.
Old promoter share extinguishment is not yet reflected in the ROC or depository databases.
👀 What to Watch
Investors should remain cautious and monitor the completion of the share restructuring process and the reflection of the new capital structure on the exchanges. The transition from liquidation to a going concern is a positive development, but operational stability under new management is yet to be established.
Mahaalaxmi Texpro (Abhishek Corp) Promoters Declare Zero Pledged Shares Amid Restructuring
Mahaalaxmi Texpro Limited, formerly known as Abhishek Corporation, has submitted its annual declaration under SEBI SAST Regulations confirming that promoters have no encumbered or pledged shares. The company is currently in a transition phase after being sold as a going concern following an NCLT order in January 2024. Significant corporate actions, including the cancellation of old promoter shares and allotment to new promoters, are currently being processed by the ROC and stock exchanges. Investors should be aware that the shareholding database is still being updated to reflect the new ownership structure.
Key Highlights
Promoters declare zero encumbrance or pledge on equity shares for the financial year ended March 2024.
Company sold as a going concern to Mahaalaxmi Textile following NCLT orders dated January 25, 2024, and a sale certificate dated March 11, 2024.
Corporate actions involving share consolidation and allotment to new promoters are currently in process with the ROC and Depositories.
The company was previously under liquidation since March 11, 2019, before the recent acquisition and restructuring.
👀 What to Watch
Investors should monitor the completion of share consolidation and allotment processes to understand the final equity structure. Given the company is emerging from liquidation, it remains a high-risk turnaround play.
Mahaalaxmi Texpro Reports Zero Revenue and ₹37.60 Lakh Net Loss in Q3 FY26
Mahaalaxmi Texpro Limited (formerly Abhishek Corporation) reported zero revenue from operations for the quarter ended December 31, 2025. The company posted a net loss of ₹37.60 lakhs for the quarter, a sharp decline from the ₹346.93 lakhs profit recorded in the same period last year, which was bolstered by exceptional items. For the nine-month period ending December 2025, the company has generated no revenue and accumulated a net loss of ₹127.12 lakhs. The lack of operational income indicates a significant halt in business activities.
Key Highlights
Revenue from operations stood at zero for Q3 FY26 and the nine-month period ended Dec 31, 2025.
Net loss for the quarter was ₹37.60 lakhs compared to a profit of ₹346.93 lakhs in Q3 FY25.
Total expenses for the quarter were ₹37.60 lakhs, including ₹12.83 lakhs in depreciation and ₹1.85 lakhs in employee benefits.
Nine-month net loss reached ₹127.12 lakhs, compared to a loss of ₹830.07 lakhs in the previous year's corresponding period.
Earnings Per Share (EPS) for the quarter was negative at ₹(1.12).
👀 What to Watch
Investors should exercise extreme caution as the company has reported zero operational revenue for the current financial year. The lack of business activity and persistent losses suggest a high risk of capital erosion.