Binny Mills Limited

Board Meeting Details

The Board meeting commenced at 11:30 AM and concluded at 1:45 PM on July 31, 2026. The Board transacted the following business:

1. Considered and approved the Unaudited Financial Results for the quarter ended June 30, 2026

2. Decided that the 19th Annual General Meeting (AGM) will be held on Monday, August 31, 2026 through Video Conferencing/Other Audio-Visual Means

3. Appointed Dr. T. Bhasker Raj (DIN: 02724086) as Additional Director (Non-Executive Non-Independent) with effect from July 31, 2026

4. Approved transacting other items as per the agenda

Financial Results (Standalone)

The unaudited financial results for the quarter ended June 30, 2026, presented in ₹ lakhs:

Profit & Loss Highlights:

  • Net Profit/(Loss) before tax (before exceptional/extraordinary items): ₹204.72 lakhs (Q1 June 2026) vs ₹155.99 lakhs (Q1 June 2025)
  • Net Profit/(Loss) before tax (after exceptional/extraordinary items): (₹253.65) lakhs (Q1 June 2026) vs (₹294.14) lakhs (Q1 June 2025)
  • Net Profit/(Loss) after tax: (₹253.65) lakhs/(₹289.62) lakhs (Q1 June 2026) vs (₹294.14) lakhs/(₹287.30) lakhs (Q1 June 2025)
  • Total Comprehensive Income: (₹289.56) lakhs (Q1 June 2026) vs (₹287.35) lakhs (Q1 June 2025)

Comparative Figures:

  • March 31, 2026 (Audited): Net Loss before tax (₹921.36) lakhs, Net Loss after tax (₹1,097.43) lakhs
  • Year ended March 31, 2026 (Audited): Net Loss before tax (₹1,727.41) lakhs, Net Loss after tax (₹1,942.66) lakhs

Balance Sheet & Ratios:

  • Paid-up Equity Share Capital: ₹258.33 lakhs (as of June 30, 2026)
  • Reserves (excluding Revaluation Reserve): Not Available
  • Securities Premium Account: Not Available
  • Net Worth: Not Available for current quarter; (₹24,801.23) lakhs as of March 31, 2026
  • Outstanding Redeemable Preference Share Capital: ₹14,070.91 lakhs (as of March 31, 2026)
  • Debt Equity Ratio: (0.58) as of March 31, 2026
  • Earnings Per Share (Basic & Diluted): (₹11.21) for Q1 June 2026 vs (₹11.55) for Q1 June 2025

Director Appointment Details

Dr. T. Bhasker Raj was appointed as Additional Director (Non-Executive Non-Independent) with effect from July 31, 2026.

Key Details:

  • DIN: 02724086
  • Term: Appointed pursuant to Section 161(1) of Companies Act, 2013, to hold office up to the date of the ensuing AGM or the last date on which the AGM should have been held
  • Profile: Experienced professional with expertise in corporate management, business administration, and strategic planning; has served on boards of various companies
  • Relationships: Related to Mr. V.R. Venkataachalam (Director) as his sister's son, and to Ms. Samyuktha (Managing Director) as her cousin
  • Not debarred from holding director office by SEBI or any regulatory authority

Auditor Review

Ramesh and Ramachandran Chartered Accountants (FRN: 002981S) reviewed the unaudited financial results pursuant to Regulation 33 of SEBI LODR Regulations, 2015. Their review report dated July 31, 2026, states that nothing has come to their attention causing them to believe that the statement contains any material misstatement.

Accounting Treatment Notes

  • Cumulative Redeemable Preference Shares are classified as Financial Liability under Ind AS and considered as debt for ratio computation
  • Preference dividend payable is treated as finance cost due to this classification
  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)