Binny Limited board to consider Q2FY26 results on June 3

0 min read Updated on 25 May 2026, 07:21 PM

Reviewed by

Shriram SScanX News Team

AI Summary

Binny Limited has announced a board meeting on June 3, 2026, to approve the unaudited financial results for the quarter ended September 30, 2025, in compliance with SEBI regulations.

*this image is generated using AI for illustrative purposes only.

Binny Limited will convene a board meeting on Wednesday, June 3, 2026, to consider and approve the unaudited financial results for the quarter ended September 30, 2025. The meeting is being held pursuant to Regulation 29(1)(a) and Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors will take the financial results on record during the session. The company has requested the stock exchange to take the intimation of the board meeting on record.

Key Meeting Details

Detail	Information
Company Name	Binny Limited
Meeting Date	June 3, 2026
Agenda	Unaudited Financial Results for Q2FY26
Quarter Ended	September 30, 2025
Regulation Reference	Regulation 29(1)(a) and 33 of SEBI Listing Regulations, 2015

How will the unaudited Q2FY26 results compare to analyst expectations?

What guidance will management provide regarding the outlook for the remainder of FY26?

Are there any significant one-time items or exceptional gains/losses expected in these results?

Financial Performance

For the financial year ended March 31, 2026, Binny Mills reported a net loss of Rs 1,942.66 lakh, compared to a net loss of Rs 1,270.55 lakh in the previous year. Total income for the year increased to Rs 958.85 lakh from Rs 723.78 lakh in FY25. However, total expenses rose significantly to Rs 2,686.26 lakh, primarily driven by finance costs of Rs 1,889.64 lakh.

Particulars	Year Ended March 31, 2026 (Audited)	Year Ended March 31, 2025 (Audited)
Total Income	958.85	723.78
Total Expenses	2,686.26	1,995.17
Net Profit / (Loss)	(1,942.66)	(1,270.55)
Earnings Per Share (Basic)	(75.20)	(49.18)

For the quarter ended March 31, 2026, the company reported a net loss of Rs 1,097.43 lakh. Total income for the quarter stood at Rs 433.12 lakh, while total expenses were Rs 1,354.48 lakh.

Internal Auditor Appointment

The Board appointed M/s T Balaji and Associates, Chartered Accountants, as the internal auditor for FY 2026-2027. The firm, located in Chennai, brings approximately 16 years of experience in internal audit, statutory audit, and tax audit. The appointment is effective from May 22, 2026.

Auditor's Report

Ramesh and Ramachandran, Chartered Accountants, audited the financial statements. The report includes an emphasis of matter regarding loans granted to a related party and provisions made for litigations. The auditors noted that the company has adequate internal financial controls over financial reporting that were operating effectively as of March 31, 2026.

How does Binny Mills plan to restructure its finance costs, which account for over 70% of total expenses, to achieve profitability in FY 2026-2027?

What is the nature of the loans granted to the related party flagged in the auditor's emphasis of matter, and could they pose additional financial risks to the company?

Given the widening net losses and deteriorating EPS, is Binny Mills at risk of triggering insolvency proceedings or covenant breaches with its lenders?