Company Disclosure

Board Meeting Details

The Board of Directors meeting was held on Thursday, May 28, 2026, from 3:15 PM to 4:15 PM. The Board approved and took on record:

1. Standalone Audited Financial Results for Q4 and FY ended March 31, 2026

2. Consolidated Audited Financial Results for Q4 and FY ended March 31, 2026

3. Auditors' Reports from M/s Jagdish Chand & Co, Chartered Accountants for both standalone and consolidated results

4. Declaration of unmodified opinion on standalone financial results

5. Related Party Transactions for half year ended March 31, 2026 (filed in XBRL mode)

Sh. Rajiv Gupta, Chairman & Managing Director & CEO, was authorized to sign the financial results for submission to stock exchanges.

Key Financial Figures - Standalone (₹ in Lakhs)

Quarterly Performance:

  • Q4 FY26: Total Income ₹248.95, Net Profit ₹14,535.05
  • Q3 FY25: Total Income ₹215.23, Net Loss ₹2.95
  • Q4 FY25: Total Income ₹246.56, Net Profit ₹38.24

Annual Performance:

  • FY26: Total Income ₹969.77, Net Profit ₹14,351.26
  • FY25: Total Income ₹992.74, Net Profit ₹118.55

Exceptional Items:

  • Net exceptional gain of ₹15,758.22 lakhs in Q4 and FY26
  • Comprising gain of ₹16,007.16 lakhs from property sale and loss of ₹248.94 lakhs on sale of equity shares of associate company

Earnings Per Share (Face Value ₹5):

  • Basic & Diluted FY26: ₹37.06
  • Basic & Diluted FY25: ₹0.31

Capital Structure:

  • Paid-up equity share capital: ₹1,936.36 lakhs (unchanged)
  • Reserves: ₹17,799.69 lakhs (FY25: ₹3,441.41 lakhs)

Key Financial Figures - Consolidated (₹ in Lakhs)

Quarterly Performance:

  • Q4 FY26: Total Income ₹194.65, Net Profit ₹14,547.62
  • Q3 FY25: Total Income ₹215.23, Net Loss ₹2.90
  • Q4 FY25: Total Income ₹246.56, Net Profit ₹0.96

Annual Performance:

  • FY26: Total Income ₹969.77, Net Profit ₹14,678.35
  • FY25: Total Income ₹992.74, Net Profit ₹79.66

Exceptional Items:

  • Net exceptional gain of ₹16,061.46 lakhs in Q4 and FY26
  • Comprising gain of ₹16,007.16 lakhs from property sale and gain of ₹54.30 lakhs on sale of equity shares of associate company

Earnings Per Share (Face Value ₹5):

  • Basic & Diluted FY26: ₹37.90
  • Basic & Diluted FY25: ₹0.21

Significant Transactions and Events

Property Sale:

  • Company sold one property classified under Investment Property during FY26
  • Resulted in net gain of ₹16,007.16 lakhs (before tax)
  • Recognized as Exceptional Item in accordance with company's accounting policy

Associate Company Divestment:

  • Sold quoted investments in equity shares of Jayabharat Credit Limited (associate company) during quarter ended September 30, 2025
  • Transaction based on valuation from independent valuer as shares were thinly traded
  • Jayabharat Credit ceased to be associate company from September 18, 2025
  • Standalone: Loss of ₹248.94 lakhs on this sale
  • Consolidated: Gain of ₹54.30 lakhs on this sale

Other Income:

  • Includes ₹42.00 lakhs received as enhancement compensation

Cash Flow Statements (Standalone)

Operating Activities:

  • Net cash used: ₹4,445.46 lakhs (FY25: ₹95.39 lakhs generated)

Investing Activities:

  • Net cash generated: ₹20,061.86 lakhs (FY25: ₹34.95 lakhs generated)
  • Includes sale of investment property: ₹20,020.00 lakhs
  • Sale of investments: ₹54.31 lakhs

Financing Activities:

  • Net cash used: ₹5.25 lakhs (FY25: ₹128.12 lakhs used)

Net Change:

  • Net increase in cash: ₹15,611.15 lakhs
  • Closing cash balance: ₹15,617.60 lakhs

Audit and Compliance

Emphasis of Matter:

Auditors emphasized the sale of quoted investments in equity shares of associate company based on independent valuer's valuation rather than prevailing market prices.

Segment Information:

  • Company engaged in single primary business of "Lease/Renting/sale of Immovable Property"
  • Only one reportable segment as per Ind AS 108

Associate Companies:

Consolidated results include:

  • India Lease Development Limited (31.35% equity holding)
  • Jayabharat Credit Limited (43.45% equity holding until September 18, 2025)

Publication:

  • Abridged results to be published in newspapers within 48 hours of board meeting
  • Results available on company website (www.mgfltd.com) and stock exchange websites

Future Meetings:

  • Separate board meeting to be convened for AGM notice, directors' report, corporate governance report, and closure of books

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