Binny Limited has scheduled a board meeting on June 20, 2026, to consider and approve the unaudited financial results for the quarter ended December 31, 2025. The meeting will be held to review the company's performance for Q3FY26 and take the results on record.

The intimation was sent to BSE Limited 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 exchange has been requested to note the scheduled meeting.

Meeting Details

The filing was signed by B. Sathyanarayanan, Whole Time Director of Binny Limited. The company's registered office is located at No.1, Cooks Road, Perambur, Chennai - 600 012.

Binny Limited reported a net profit of ₹997.84 lakh for the quarter ended September 30, 2025, a substantial increase compared to the ₹371.22 lakh recorded in the quarter ended June 30, 2025. Revenue from operations for the quarter stood at ₹1,591.36 lakh, up from ₹943.88 lakh in the previous quarter. The Board of Directors approved the unaudited financial results at a meeting held on June 3, 2026.

Financial Performance

The company’s total income for Q2FY26 reached ₹1,591.36 lakh, compared to ₹943.88 lakh in Q1FY26. Total expenses for the quarter were reported at ₹311.95 lakh, lower than the ₹239.11 lakh in the prior quarter, which included changes in inventories and employee benefit expenses. Profit before tax for the period was ₹1,279.41 lakh, leading to a profit for the period of ₹997.84 lakh after tax expenses. The basic and diluted earnings per share for the quarter were recorded at ₹4.47.

Key Financial Metrics (Q2FY26 vs Q1FY26)

Auditor’s Qualified Conclusion

Venkatesh & Co., the Independent Auditor, issued a qualified conclusion in its review report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The qualification stems from two primary matters. First, the company advanced ₹2,918.05 lakh to RRB Energy Limited in earlier years, for which sufficient appropriate audit evidence supporting recoverability was not provided, and no impairment has been considered. The company has filed for insolvency proceedings against RRB Energy Limited before the National Company Law Tribunal (NCLT), New Delhi.

Second, regarding the Sale Agreement with M/s Sanklecha Infra Projects Private Ltd, the company has not recognised revenue of ₹1,912 lakh as possession was handed over via a registered power of attorney. The auditor stated they were unable to comment on the completeness and appropriateness of revenue recognition or the correctness of the receivable balance due to the lack of confirmation of balance and unascertainable land costs in inventory.

Operational and Legal Updates

The revenue recognition for the quarter includes ₹2,383.70 lakh from a settlement under a Joint Development Agreement with M/s SPR Construction Pvt Ltd. This settlement involves a lump sum payment for 53.18 lakh sq. ft. of saleable area and an area-sharing model for the remaining development. The company also noted the status of its Settlement Scheme with M/s. Mohan Breweries and Distilleries Limited (MBDL), stating that advances of ₹28,530 Lakhs were adjusted against preference share capital and dividend arrears, considering the scheme fully implemented.

Regarding the legal action against RRB Energy Limited for the recovery of ₹82,918.05 lakh, the company informed that the application under Section 9 of the Insolvency and Bankruptcy Code was admitted by the NCLT. The next hearing is scheduled for July 17, 2026. The company also stated that revenue from the Sanklecha Infra project would be recognised upon receipt of the balance consideration of ₹1,912 lakh.