Binny Limited's Board of Directors meeting was held on 12th November 2026, commencing at 03:30 PM and concluding at an unspecified time. The meeting was conducted in terms of Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board considered and approved the unaudited Financial Results for the quarter ended 30th September, 2026, along with the Limited Review Report of the Auditor under Regulation 33(3)(a) & (c) of the SEBI (LODR) Regulations, 2015.

Financial Results Highlights (Quarter Ended September 30, 2026)

  • Revenue from operations: ₹1,473.72 lakh
  • Other income: ₹1.46 lakh
  • Total income: ₹1,475.17 lakh
  • Total expenses: ₹283.84 lakh
  • Profit before tax: ₹1,191.34 lakh
  • Tax expense: ₹314.01 lakh (current tax) + ₹33.95 lakh (deferred tax)
  • Profit for the period: ₹843.39 lakh
  • Earnings per share (basic and diluted): ₹3.78
  • Paid-up equity share capital: ₹1,115.97 lakh (face value ₹5 each)

Half-Year Performance (Ended September 30, 2026)

  • Revenue from operations: ₹3,668.63 lakh
  • Other income: ₹3.39 lakh
  • Total income: ₹3,672.01 lakh
  • Profit before tax: ₹2,960.62 lakh
  • Profit for the period: ₹2,178.44 lakh
  • Earnings per share: ₹9.76

Balance Sheet Position (as at September 30, 2026)

  • Total assets: ₹86,931.32 lakh
  • Inventories: ₹74,565.09 lakh
  • Cash and cash equivalents: ₹57.27 lakh
  • Total equity: ₹50,577.05 lakh
  • Current tax liabilities: ₹5,569.92 lakh

Auditor's Qualified Review Report

Venkatesh & Co., Chartered Accountants (FRN: 004636S) issued a qualified review report with the following basis for qualified conclusion:

1. RRB Energy Limited Advance: The company advanced ₹2,918.05 lakhs in earlier years to RRB Energy Limited. The auditor did not receive sufficient appropriate audit evidence supporting recoverability of this amount, and no balance confirmation was provided. No impairment has been considered in the financial results. The company has filed before the Hon'ble National Company Law Tribunal (NCLT), New Delhi, seeking initiation of insolvency proceedings against RRB Energy Limited.

2. Sankhlecha Infra Projects Transaction: As per the Sale Agreement, possession of land was handed over to Sankhlecha Infra Projects Private Ltd based on registered power of attorney, and construction activities were completed. A sum of ₹1,912 lakhs is receivable, but the value of inventory includes the cost of this land which is not ascertainable. The auditor is unable to comment on revenue recognition compliance with Indian Accounting Standard 115 and the correctness/recoverability of the receivable balance.

Significant Operational Notes

1. Segment Information: The company operates only one segment - Real Estate Business.

2. Revenue Recognition: Revenue from Operations includes ₹3,664.80 lakhs recognized under the Second Amended and Reinstated Joint Development Agreement dated 06-08-2025. The settlement was arrived at through a Special Committee headed by Hon'ble Retired Justice Bhaskar, which appointed independent valuers.

3. Settlement Scheme with MBDL: Status update on implementation of settlement scheme with Mohan Breweries and Distilleries Limited approved by public shareholders on 09.10.2021:

  • Windmill Land (850 Acres): 800 acres sold for ₹31 crores, balance 50 acres under sale
  • Chengalpet Land (112.72 Acres): Sale deed executed for ₹22,205.67 lakhs as per SAT directions
  • Valasaravakkam Land (12.43 Acres): Joint Development Agreement with Osian Construction Pvt Ltd for estimated revenue of ₹1,486 crores (company share: ₹693 crores)
  • Advances to Unrelated Vendors (₹28,530 lakhs): Transferred/assigned to MBDL and adjusted against preference share capital redemption (₹11,722 lakhs) and cumulative dividend arrears (₹15,141 lakhs)

4. Legal Proceedings: The company has initiated legal action under IBC for recovery of ₹2,918.05 lakhs plus 24% simple interest (aggregating ₹6,061.05 lakhs) from RRB Energy Limited. The application (Diary number/Year0710102011012026) was admitted by NCLT on 19.02.2026, with next hearing on 27.11.2026.

5. Sankhlecha Infra Balance: Management states that revenue recognition for ₹1,912 lakhs will occur upon receipt of balance consideration and execution of sale deed.

The financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meetings held on 12-November-2026.