Board Meeting Details

The meeting (Serial No. 01/2026-27) was held on Friday, May 22, 2026. It commenced at 4:00 PM and concluded at 6:25 PM.

Businesses Approved

1. Audited Financial Results for the fourth quarter and year ended March 31, 2026, along with the Audit Report, Statement of Assets and Liabilities, and Cash Flow Statement.

2. Declaration regarding the unmodified opinion of the Auditors on the Annual Audited Financial Results pursuant to the second proviso of Regulation 33(3)(d) of SEBI LODR Regulations, 2015.

3. Other routine businesses with the permission of the Chair.

Financial Results Overview (Amounts in ₹ Lakhs)

Quarter Ended March 31, 2026 (Audited) vs. March 31, 2025 (Audited):

  • Revenue from Operations: ₹693.43 (2026) vs. ₹137.43 (2025)
  • Total Income: ₹701.39 (2026) vs. ₹146.88 (2025)
  • Profit/(Loss) Before Tax: ₹38.80 (Profit, 2026) vs. ₹(4.66) (Loss, 2025)
  • Profit/(Loss) for the Period: ₹34.72 (Profit, 2026) vs. ₹(3.84) (Loss, 2025)
  • Basic EPS (₹): 0.21 (2026) vs. (0.02) (2025)

Year Ended March 31, 2026 (Audited) vs. March 31, 2025 (Audited):

  • Revenue from Operations: ₹1,312.11 (2026) vs. ₹632.17 (2025)
  • Total Income: ₹1,323.38 (2026) vs. ₹632.17 (2025)
  • Profit/(Loss) Before Tax: ₹33.93 (Profit, 2026) vs. ₹(12.61) (Loss, 2025)
  • Profit/(Loss) for the Period: ₹29.85 (Profit, 2026) vs. ₹(11.79) (Loss, 2025)
  • Basic EPS (₹): 0.19 (2026) vs. (0.07) (2025)

Key Financial Statement Figures (As at March 31, 2026)

Statement of Assets & Liabilities (Audited, in ₹ Lakhs):

  • Total Assets: ₹333.92
  • Equity Share Capital: ₹1,630.00 (Face value ₹10 each)
  • Other Equity (Reserves): ₹(2,048.18)
  • Total Equity: ₹(418.18)
  • Current Liabilities: ₹750.59 (Includes Trade Payables of ₹721.38)

Cash Flow Statement (Audited, for year ended March 31, 2026, in ₹ Lakhs):

  • Net Cash from Operating Activities: ₹7.85
  • Net Cash from Investing Activities: ₹(0.71)
  • Net Cash from Financing Activities: ₹0.00
  • Net Increase in Cash: ₹7.14
  • Cash and Cash Equivalents at year-end: ₹11.76

Auditor's Report Key Points

  • The audit was conducted by ATM & Associates (FRN: 017397C).
  • The auditors issued an unmodified opinion on the financial results.
  • Emphasis of Matter: The auditors highlighted that "The accumulated losses of the company have wiped off the book value of net worth of the company."
  • The figures for the quarter ended March 31, 2026, are the balancing figure between the audited full-year results and the previously published unaudited year-to-date figures up to the third quarter.

Compliance Declaration

A separate declaration was submitted confirming that the Statutory Auditor did not express any modified opinion or audit qualification in the Audit Report for FY26. Therefore, a statement on the impact of audit qualifications is not required, as per the second proviso to Regulation 33(3)(d) of SEBI LODR Regulations, 2015.

Additional Information

  • The company has only one reportable segment: Trading activities.
  • The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS).
  • The results will be published in newspapers (Hindi and English) with a QR code and uploaded on the BSE website (www.bseindia.com) and the company's website (www.midindiaindustries.com).