Board Meeting Details & Outcomes
The meeting commenced at 04:00 P.M. and concluded at 06:50 P.M. The Board inter-alia considered and approved the following items:
1. The Audited Financial Results of the Company for the quarter and year ended March 31, 2026.
2. Noted the resignation of M/s Laddha & Laddha as Internal Auditors of the Company, effective May 31, 2026.
3. Appointed M/s ARK Jain & Associates (FRN-021769C) as the new Internal Auditors for the Financial Year 2026-27.
The trading window for all Designated Persons of the Company for dealing in the Company's equity shares will open after 48 hours from the declaration of these Audited financial results.
Detailed Financial Results (Quarter ended March 31, 2026)
(All figures in ₹ Lakhs, unless stated otherwise)
- Total Revenue: ₹136.27
- Total Expenses: ₹263.55
- Profit before exceptional items and tax: ₹(173.00)
- Exceptional Items: ₹(1.73)
- Profit before Tax (PBT): ₹(174.73)
- Tax Expenses: ₹0.00 (Current Tax: ₹0.00, Deferred Tax: ₹0.00)
- Profit/(Loss) for the period: ₹(174.73)
- Other Comprehensive Income (net of tax): ₹(108.16)
- Total Comprehensive Income: ₹(282.89)
- Paid-up Equity Share Capital (Face value ₹10/- each): ₹216.41 Lakhs
- Earnings per share (Basic and Diluted): Not quantifiable/Disclosed as '-' in the source.
Detailed Financial Results (Year-to-Date ended March 31, 2026)
- Profit before Tax (PBT): ₹109.92
- Tax Expenses: ₹0.00
- Profit/(Loss) for the period: ₹109.92
- Other Comprehensive Income (net of tax): ₹0.00
- Total Comprehensive Income: ₹109.92
Statement of Assets and Liabilities (As at 31st March, 2026)
Assets (₹ Lakhs)
- Non-current assets: ₹52.71
- Fixed assets: ₹0.02
- Non-current investments: ₹46.57
- Deferred tax assets (net): ₹6.12
- Current assets: ₹100.26
- Inventories: ₹33.16
- Cash and cash equivalents: ₹0.74
- Other current assets: ₹0.03
- TOTAL ASSETS: ₹152.97
Equity and Liabilities (₹ Lakhs)
- Shareholders' funds: ₹45.07
- Share capital: ₹216.41
- Reserves and surplus: ₹(171.34)
- Non-current liabilities: ₹0.00
- Current liabilities: ₹107.90
- Short-term borrowings: ₹103.31
- Other current liabilities: ₹3.29
- Short-term provisions: ₹1.30
- TOTAL EQUITY AND LIABILITIES: ₹152.97
Key Notes to Financial Results
1. The financial results were reviewed by the Audit Committee and approved by the Board on May 28, 2026, and have been audited by the Statutory Auditor.
2. Prepared in accordance with Indian Accounting Standards (Ind AS).
3. The company operates in a single business segment.
4. Revenue from operations mainly includes loss arising from Futures and Options (F&O) trading activities.
5. Changes in inventories include gain/loss arising from the fair valuation of inventory.
Statutory Auditor's Report
Auditor: Todarwal & Todarwal LLP (ICAI Firm Reg No. W100231)
Opinion: The auditor issued an unmodified opinion, stating the results give a true and fair view and are presented per the Listing Regulations and Ind AS.
Emphasis of Matter: The auditor highlighted that Microse India Limited is a Non-Banking Financial Company (NBFC) but has prepared its results using the format prescribed for companies other than Banks and NBFCs (Annexure I), instead of the correct format for NBFCs (Annexure II per SEBI Circular CIR/IMD/DF1/9/2015). The opinion is not modified concerning this matter.
Internal Auditor Changes
- Resignation: M/s Laddha & Laddha resigned as Internal Auditors, effective May 31, 2026. The reason for cessation was 'resignation'.
- Appointment: M/s ARK Jain & Associates (FRN-021769C), a Mumbai-headquartered firm of Chartered Accountants, was appointed as the new Internal Auditor for FY 2026-27. The terms of appointment are to be mutually agreed upon.
Cash Flow Statement (Year ended March 31, 2026)
- Cash from Operating Activities (A): ₹197.20
- Cash from Investing Activities (B): ₹0.20
- Cash from Financing Activities (C): ₹(197.35)
- Net Increase in Cash (A+B+C): ₹0.05
- Cash and Equivalents (Opening): ₹0.69
- Cash and Equivalents (Closing): ₹0.74