Maharashtra Corporation MD, chairman, board of directors and AGM
BSE: 505523Commercial Services & SuppliesSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹0.28.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹17 Cr4,062nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 29 May 2026
- 0.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 11 Aug 2026
- −0.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 11 Aug 2026
- −0.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 29 May 2026
- 0.00
- Volume, BSEVolume. Shares traded on the last trading day.
- 15,24,427
Maharashtra Corporation board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonTilokchand Manaklal Kothari
6 directors3 independent2 executive1 non-executive
- Tilokchand Manaklal Kothari · ChairpersonExecutive · joined Jan 2010 · 4 listed boards
- Madhu Bala VaishanavIndependent · joined Mar 2019 · reappointed Sep 2024 · 60 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 1 as chair
- Kuldeep KumarIndependent · joined Mar 2019 · reappointed Sep 2024 · 60 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 1 as chair
- Ravi Kumar RajakExecutive · joined Sep 2022 · 1 listed board
- Vikasjeet SinghNon-executive · joined Aug 2025 · 60 months as independent · 4 listed boards
- Anju PareekIndependent · joined Sep 2024 · reappointed Sep 2024 · 60 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 3 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- Suzad Mohad Iqbal Hussain, left 24 Mar 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 29 May 20266 of 6 present3 independent · 5 days in between
- 23 May 20266 of 6 present3 independent · 101 days in between
- 10 Feb 20266 of 6 present3 independent
Audit Committee
Chair Kuldeep Kumar
Madhu Bala Vaishanav, Anju Pareek
- 29 May 20263 of 3 present3 independent · 107 days in between
- 10 Feb 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Kuldeep Kumar
Madhu Bala Vaishanav, Anju Pareek
- 23 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Anju Pareek
Madhu Bala Vaishanav, Kuldeep Kumar
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- Bhatter & AssociatesPeer-review certificate valid to Jun 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Maharashtra Corporation AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Maharashtra Corporation share news and announcements
Annual general meeting, 30 Sep 2026
1,40,310 shareholders on the register on 23 Sep 2026; present: 3 promoters and 32 others; votes counted by Kirti Sharma / Kirti Sharma & Associates.The company's voting result (opens in a new tab)
To Receive, consider and adopt the Standalone Financial Statements of the Company for the year ended March 31, 2026, including the Audited Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the report of Board of Directors and Auditors' Report thereonMoreLess
Ordinary99.60% for0.40% againstAgainst: promoters 0.00% · institutions 0.00% · other public 47.47%
Turnout: all 16.74% · promoters 99.90% · institutions 0.00% · other public 0.17%
- To Appointment of Mr. Tilokchand Manaklal Kothari (DIN: 0413627), as Director who retires by rotation and, being eligible, offers himself for reappointment.OrdinaryPromoters have an interest in it99.59% for0.41% against
Against: promoters 0.00% · institutions 0.00% · other public 48.61%
Turnout: all 16.74% · promoters 99.90% · institutions 0.00% · other public 0.17%
- Appointment of Ms. Riddhi Kishor Trivedi as Statutory AuditorOrdinary99.59% for0.41% against
Against: promoters 0.00% · institutions 0.00% · other public 48.64%
Turnout: all 16.74% · promoters 99.90% · institutions 0.00% · other public 0.17%
- Approval of Material Related Party Transactions and Inter-Corporate Loans / Financial AssistanceSpecial99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 4.17%
Turnout: all 16.74% · promoters 99.90% · institutions 0.00% · other public 0.17%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyBSE LimitedSince 20 May 2026
Fine
Regulation 6(1) - Non-compliance with requirement to appoint a qualified company secretary as the compliance officer - Tax disputeIncome tax (Section 250)Since 21 Jun 2021Under Process
- Tax disputeIncome tax (Section 1431a)Since 4 Feb 2016Under Process
- Tax disputeIncome tax (Section 147)Since 30 May 2023Under Process
- Tax disputeIncome tax (Section 147)Since 29 Mar 2022Under Process
- Tax disputeIncome tax (Section 271(1)(c))Since 2 Jul 2025Under Process
- Tax disputeIncome tax (Section 147)Since 30 May 2023Under Process
- Tax disputeIncome tax (Section 147)Since 29 Mar 2022Under Process
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.