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* - Tentative Dates
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To reduce the other current financial liabilities by repaying part of the advances | 1.16 |
| 2 | To deposit any balance dues under the Scheme of Compromise and Arrangement | 12.25 |
| 3 | General corporate purposes | 0.28 |
| Total | 13.69 |
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Income | 1.92 | 7.91 | 10.83 |
| Profit After Tax | -6.82 | 335.72 | -38.95 |
| NET Worth | 409.72 | 465.84 | 445.94 |
| Reserves and Surplus | 445.09 | 451.72 | 431.82 |
| Amount in ₹ Crore | |||
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to Registrar, Legal Advisors, and other professionals | 0.07 |
| 2 | Advertising and marketing expenses, shareholder outreach, etc. | |
| 3 | Regulators including SEBI and Stock Exchanges | 0.10 |
| 4 | Printing and distribution of issue stationery | 0.01 |
| 5 | Fees payable to regulators, including depositories, Stock Exchange and SEBI | 0.10 |
| 6 | Other expenses (stamp duty) | 0.07 |
| 7 | Other expenses (miscellaneous) | 0.05 |
| Total | 0.40 |
Maharashtra Apex Corporation Limited, promoted by Upendra Anantha Pai, is one of the older Non-Banking Financial Companies (NBFCs) based in Manipal, Karnataka. The company is part of the Manipal Group and was historically involved in financial services such as hire purchase, leasing, and automobile financing.
Over time, the company’s operations shifted significantly. At present, its primary focus is on asset recovery and the settlement of financial obligations under a court-approved restructuring scheme. This includes the repayment of outstanding liabilities such as deposits and bonds.
Headquartered in Manipal, Karnataka, the company now operates with a streamlined structure, concentrating mainly on recovering assets and clearing remaining liabilities while maintaining its position as a flagship entity within the Manipal Group.
