Governance Negative

2026-05-30 16:50

CRITICAL RED FLAG DETECTED

Mr. Akshay Kene has resigned from the position of Company Secretary and Compliance Officer (Key Managerial Personnel - KMP) of MAXGROW INDIA LIMITED due to personal reasons, effective from the closing of business hours on May 30, 2026. The company has acknowledged the resignation.

Governance Negative

2026-05-26 16:10

CRITICAL RED FLAG DETECTED

Maxgrow India Limited filed its Annual Secretarial Compliance Report for FY 2025-26, highlighting numerous non-compliances with SEBI LODR Regulations. These include significant delays in submitting quarterly financial results for Q4 FY25, Q2 & Q3 FY26, shareholding patterns for Q1 & Q3 FY26, and corporate governance reports for Q4 FY25, Q1, Q2 & Q3 FY26. The company also failed to disclose related party transactions and submit the annual secretarial compliance report for FY 2024-25. BSE has levied fines, some of which remain unpaid (e.g., ₹2,30,000 and ₹1,28,000). The delays are attributed to the suspension of trading by BSE and the company's recent exit from the Corporate Insolvency Resolution Process (CIRP).

Governance Negative

2026-05-26 16:03

CRITICAL RED FLAG DETECTED

Maxgrow India Limited's Annual Secretarial Compliance Report for FY ended March 31, 2025, reveals significant non-compliance with SEBI LODR Regulations. The company delayed or failed to file quarterly corporate governance reports, shareholding patterns, financial results, related party transaction disclosures, and depository participant reports for various quarters in 2024. These issues are primarily attributed to the suspension of trading of the company's securities by BSE Limited and ongoing Corporate Insolvency Resolution Process (CIRP) proceedings during the review period.

Governance Neutral

2026-05-25 17:26

MAXGROW INDIA LIMITED announced the postponement of its Board Meeting, originally scheduled for May 25, 2026, to Friday, May 29, 2026. The meeting, postponed due to unavoidable circumstances, is primarily to consider and approve the audited Standalone & Consolidated Financial Results along with the Audit Report for the year ended March 31, 2026.

Governance Neutral

2026-05-20 17:47

Maxgrow India Limited announced that its Board of Directors will meet on Monday, May 25, 2026, to consider and approve the audited Standalone & Consolidated Financial Results along with the Audit Report for the year ended March 31, 2026.

Governance Negative

2026-05-06 16:08

CRITICAL RED FLAG DETECTED

Maxgrow India Limited submitted its Annual Report for FY 2024-25 and announced an Annual General Meeting (AGM) on June 01, 2026. The company recently completed its Corporate Insolvency Resolution Process (CIRP), initiated on June 04, 2021. A resolution plan was approved by NCLT on December 06, 2023, and the Board of Directors was reconstituted on September 19, 2024. The AGM will approve financial statements for FY2020-21 through FY2024-25 to regularize past compliances.

Governance Positive

2026-05-05 18:46

CRITICAL RED FLAG DETECTED

Maxgrow India Limited submitted its Annual Report for FY 2023-24. The company successfully completed its Corporate Insolvency Resolution Process (CIRP) with a resolution plan approved by NCLT on December 6, 2023, and implemented effectively from December 20, 2024. The erstwhile Board of Directors was suspended during the process, and a reconstituted Board was established on September 19, 2024. The AGM for FY23-24 could not be convened due to CIRP.

Business Update Positive

2026-05-05 18:33

CRITICAL RED FLAG DETECTED

Maxgrow India Limited submitted its Annual Report for FY 2022-23, acknowledging the inability to convene the AGM due to its Corporate Insolvency Resolution Process (CIRP). The company successfully implemented a resolution plan, initially approved by NCLT on December 06, 2023. Following this, the Board of Directors was reconstituted, effective December 20, 2024, restoring the management powers previously vested in a Resolution Professional after the CIRP initiation on June 04, 2021.

Business Update Negative

2026-05-05 18:27

CRITICAL RED FLAG DETECTED

Maxgrow India Limited submitted its Annual Report for FY 2021-22. The company has undergone Corporate Insolvency Resolution Process (CIRP) since June 04, 2021, leading to the appointment of an Interim Resolution Professional (IRP) and the suspension of the Board of Directors' powers. A resolution plan by PP Metallix Limited was approved by the Committee of Creditors on January 24, 2022, and by NCLT on December 06, 2023. A Monitoring Agency was constituted and subsequently dissolved on December 10, 2024, upon which the Board of Directors was re-constituted, effective December 20, 2024. The AGM for FY 2021-22 could not be convened due to the CIRP.

Governance Negative

2026-05-05 18:21

CRITICAL RED FLAG DETECTED

Maxgrow India Limited submitted its Annual Report for FY 2020-21, explaining that its AGM could not be convened due to the company being under Corporate Insolvency Resolution Process (CIRP) since June 04, 2021. During CIRP, the company's board was suspended, and an Interim Resolution Professional was appointed. A resolution plan from PP Metallix Limited was approved by NCLT on December 06, 2023. A Monitoring Agency oversaw the plan's implementation, leading to the reconstitution of the Board of Directors, effective December 20, 2024.

Routine Neutral

2026-05-05 16:59

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Routine Neutral

2026-04-20 15:15

Maxgrow India Limited submitted a Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, confirming compliance for the quarter ended March 31, 2026. The Registrar & Share Transfer Agent confirmed proper handling of dematerialisation requests and related processes.

Financials Negative

2026-04-03 18:59

CRITICAL RED FLAG DETECTED

Standalone Revenue nil, EBITDA loss widened from ₹14.92 Lakhs to ₹18.00 Lakhs YoY. PAT loss significantly reduced from ₹2,076.72 Lakhs to ₹20.35 Lakhs (a 99.02% reduction YoY).

Financials Negative

2026-04-03 18:52

CRITICAL RED FLAG DETECTED

Standalone PAT improved by 99% YoY from a loss of ₹2,076.72 Lakhs in Q3 FY25 to a loss of ₹20.35 Lakhs in Q3 FY26. Operating revenue was negligible. However, auditors issued a qualified opinion citing significant non-compliance with statutory records, delayed financial filings for multiple quarters (June 30, Sep 30, Dec 31, 2025), and other governance requirements, with potential penal consequences.

Financials Positive

2026-04-03 18:44

CRITICAL RED FLAG DETECTED

Standalone loss after tax reduced significantly to ₹20.35 Lakhs for Q3 FY26 compared to ₹2,076.72 Lakhs for Q3 FY25. Standalone EBITDA loss reduced to ₹18.00 Lakhs from ₹2,075.53 Lakhs YoY. The company reports no revenue from operations.

Financials Negative

2026-04-03 18:19

CRITICAL RED FLAG DETECTED

Standalone EBITDA loss ₹18.00 Lakhs for Q3 FY26 vs ₹2,075.51 Lakhs for Q3 FY25 (99.1% YoY reduction in loss), and PAT loss ₹20.35 Lakhs for Q3 FY26 vs ₹2,076.72 Lakhs for Q3 FY25 (98.9% YoY reduction in loss). Operating Revenue not reported for both quarters.

Financials Negative

2026-04-03 18:14

CRITICAL RED FLAG DETECTED

Standalone Operating Revenue ₹0Lakhs vs ₹0Lakhs (0% YoY). Standalone EBITDA (Loss) ₹18.00Lakhs vs (Loss) ₹2,075.53Lakhs (▲99.13% YoY reduction in loss). Standalone PAT (Loss) ₹20.35Lakhs vs (Loss) ₹2,076.72Lakhs (▲99.02% YoY reduction in loss).

Governance Neutral

2026-03-31 17:26

Maxgrow India Limited issued a corrigendum for its Board Meeting on April 03, 2026. The meeting will approve unaudited financial results for the quarter and nine months ended December 31, 2025, correcting an earlier intimation that incorrectly stated March 31, 2026.

Routine Neutral

2026-03-31 16:36

Maxgrow India Limited announced the closure of its trading window for Designated Persons from April 01, 2026, until 48 hours after the Audited Financial Results for the Quarter and Year ended March 31, 2026, are communicated, as per SEBI PIT Regulations.

Governance Neutral

2026-03-31 14:50

Maxgrow India Limited announced a Board Meeting on April 03, 2026, to consider and approve the Unaudited Standalone & Consolidated Financial Results for the quarter and year ended March 31, 2026.

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MAXGROW INDIA LTD

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