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 strategic move, the company also approved the acquisition of a 26% stake in Asawata Energy Private Limited. This acquisition is aimed at setting up a 15 MW Solar Power Plant at the company's Sarovar Plant, operating under the Group Captive Model as per Madhya Pradesh Electricity Regulatory Commission regulations. The investment for this stake is ₹2.60 lakhs, and the acquisition is expected to be completed within three 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 Division and Garment Division, 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 meeting commenced at 1:30 PM and concluded at 4:00 PM.
