Board Meeting Details

The Board of Directors meeting was held on 11th August 2026, commencing at 03:15 p.m. and concluding at 03:49 p.m.

Key Decisions Approved

1. Approval of Financial Results: The Board approved the unaudited quarterly financial results (standalone and consolidated) for the quarter ended 30th June, 2026. The unaudited financial results were submitted along with the Limited Review Report of the Auditor.

2. CFO Resignation: The Board took note of the resignation of Mr. Sunil Kumar Sharma as Chief Financial Officer (CFO) of the Company, effective from the close of business hours on 8th October 2026.

Standalone Financial Results (Quarter Ended 30th June 2026)

  • Revenue From Operations: ₹364.94 lakh
  • Other Income: ₹3.33 lakh
  • Total Revenue: ₹368.27 lakh
  • Cost of Material Consumed: ₹171.24 lakh
  • Changes in Inventories: (₹10.38) lakh
  • Employee Benefits Expenses: ₹50.11 lakh
  • Finance Costs: ₹0.00 lakh
  • Depreciation and Amortisation Expense: ₹9.06 lakh
  • Other Expenses: ₹141.81 lakh
  • Total Expenses: ₹361.84 lakh
  • Profit Before Tax: ₹6.43 lakh
  • Tax Expenses: ₹0.00 lakh (Provision for Taxation will be made at year end)
  • Net Profit for the Period: ₹6.43 lakh
  • Earnings Per Share (Basic & Diluted): ₹0.13
  • Paid-up Equity Share Capital: ₹501.75 lakh (Face Value ₹10 each)

Segment-wise Performance (Standalone)

  • Segment Revenue:
  • USA: Not disclosed
  • Europe: ₹161.04 lakh
  • Canada: ₹203.90 lakh
  • Total: ₹364.94 lakh
  • Segment Results:
  • Europe: ₹6.84 lakh
  • Canada: ₹8.65 lakh
  • Total: ₹15.49 lakh

Consolidated Financial Results (Quarter Ended 30th June 2026)

  • Revenue From Operations: ₹457.06 lakh
  • Other Income: ₹3.74 lakh
  • Total Revenue: ₹460.80 lakh
  • Cost of Material Consumed: ₹171.24 lakh
  • Purchase of Stock In Trade: ₹33.30 lakh
  • Changes in Inventories: (₹28.23) lakh
  • Employee Benefits Expenses: ₹50.11 lakh
  • Finance Costs: ₹0.00 lakh
  • Depreciation and Amortisation Expense: ₹9.06 lakh
  • Other Expenses: ₹228.52 lakh
  • Total Expenses: ₹464.00 lakh
  • Profit/(Loss) Before Tax: (₹3.20) lakh
  • Tax Expenses: ₹0.00 lakh
  • Net Profit/(Loss) for the Period: (₹3.20) lakh
  • Other Comprehensive Income: ₹0.00 lakh
  • Total Comprehensive Income: (₹3.20) lakh
  • Earnings Per Share (Basic & Diluted): (₹0.06)
  • Paid-up Equity Share Capital: ₹501.75 lakh (Face Value ₹10 each)

Segment-wise Performance (Consolidated)

  • Segment Revenue:
  • USA: ₹230.71 lakh
  • Europe: ₹226.35 lakh
  • Canada: ₹0.00 lakh
  • Total: ₹457.06 lakh

Auditor's Review

P.L. Tandon & Co., Chartered Accountants (FRN: 000186C) issued limited review reports for both standalone and consolidated financial results. For consolidated results, the auditor noted that financial results of two subsidiaries (Milestone Global Limited U.K. and Milestone Imports Inc - USA) were not reviewed, representing total revenue of ₹380.93 lakh and net loss of ₹3.13 lakh for the quarter.

Notes to Accounts

  • Segment report is based on Geographical Segment with classification by location of customers
  • Provision for Taxation will be made at the year end
  • Previous periods figures have been regrouped to make them comparable