Maral Overseas Limited announced the outcome of its Board Meeting held on May 7, 2026. The Board approved the audited financial results for the quarter and financial year ended March 31, 2026, along with the Statement of Cash Flow and Statement of Assets and Liabilities. In a significant development, the company also approved the acquisition of a 26% stake in Asawata Energy Private Limited for setting up a 15 MW Solar Power Plant at its Sarovar Plant under the Group Captive Model. This acquisition is part of the company's strategy to optimize power costs and increase the share of renewable energy in its energy mix. The investment for this stake is ₹2.60 lakhs, and the acquisition is expected to be completed within 3 months. Furthermore, the Board approved the appointment of M/s. BGJC & Associates LLP and M/s. Agarwal & Saxena, LLP as Internal Auditors for the Sarovar and Garment Divisions, respectively, for the Financial Year 2026-27. Additionally, M/s. K. G. Goyal & Co. was appointed as the Cost Auditor for the same financial year. The Board meeting commenced at 1:30 PM and concluded at 4:00 PM.
