Board Meeting Details

The Board of Directors meeting was held on Wednesday, May 27, 2026, commencing at 08:00 PM and concluding at 9:30 PM.

Board Approvals and Considerations

The Board:

  • Approved the audited financial results of the Company for the quarter and financial year ended March 31, 2026
  • Took note of the report of the statutory auditors on the audited financial results
  • Approved a declaration regarding auditor's report with an unmodified opinion on the financial results

Financial Results Overview (Standalone)

Annual Performance (FY26 vs FY25)

  • Total Income: ₹(84.34) lakh vs ₹94.28 lakh (Negative due to other income of ₹(84.34) lakh)
  • Total Expenses: ₹43.21 lakh vs ₹27.11 lakh
  • Profit/(Loss) Before Tax: ₹(127.55) lakh vs ₹67.17 lakh
  • Profit/(Loss) After Tax: ₹(127.55) lakh vs ₹67.17 lakh
  • Earnings Per Share (Basic): ₹(0.592) vs ₹0.312

Quarterly Performance (Q4 FY26)

  • Total Income: ₹(247.99) lakh (Negative due to other income of ₹(247.99) lakh)
  • Total Expenses: ₹18.52 lakh
  • Profit/(Loss) Before Tax: ₹(266.51) lakh
  • Profit/(Loss) After Tax: ₹(231.60) lakh
  • Earnings Per Share (Basic): ₹(1.075)

Key Financial Components

Income Breakdown (FY26)

  • Revenue From Operations: ₹0.00 lakh
  • Other Income: ₹(84.34) lakh (Negative)

Expense Breakdown (FY26)

  • Purchases of stock-in-trade: ₹2,353.72 lakh
  • Changes in inventories: ₹(2,353.72) lakh
  • Employee Benefits Expenses: ₹1.44 lakh
  • Finance Cost: ₹0.06 lakh
  • Other expenses: ₹41.72 lakh

Tax Expenses

  • Current Tax: ₹0.00 lakh for FY26 (₹(34.91) lakh for Q4 FY26)
  • Deferred Tax: ₹0.00 lakh

Capital Structure

  • Paid-up Equity Share Capital: ₹2,154.13 lakh (Face Value of ₹10 each)
  • No change in share capital during the period

Audit and Compliance Details

  • Statutory Auditor: K. S. Subrahmanyam & Co. (FRN: 017461S)
  • Audit Opinion: Unmodified opinion issued on the financial statements
  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
  • Results reviewed by Audit Committee and approved by Board of Directors

Cash Flow Statement (FY26)

  • Net Cash Outflow from Operating Activities: ₹850.71 lakh
  • Net Cash Inflow from Financing Activities: ₹1,019.77 lakh
  • Net Increase in Cash and Cash Equivalents: ₹169.06 lakh
  • Closing Cash and Cash Equivalents: ₹228.05 lakh

Key Cash Flow Components

  • Interest Received: ₹(84.34) lakh (Negative)
  • Proceeds from Long/Short Term Borrowings: ₹1,104.16 lakh
  • Interest Paid: ₹(0.05) lakh

Internal Financial Controls

  • Auditor's report states the Company has adequate internal financial controls system over financial reporting
  • Controls were operating effectively as at March 31, 2026

Additional Information

  • Company Identification Number: L67120MH1983PLC030316
  • Results available on Company's website: www.milgrey.in