Binny Mills Limited reported a narrowed net loss of ₹289.62 lakh for the first quarter of FY27 (ended June 30, 2026), down from a net loss of ₹287.30 lakh in the corresponding period of FY26. The company’s revenue from operations increased by 21.8% year-on-year to ₹158.95 lakh, reflecting improved operational activity despite persistent financial headwinds. This improvement in top-line growth helped reduce the overall loss burden, although finance costs remained a significant drag on profitability.

The Board of Directors approved the unaudited standalone financial results at a meeting held on July 31, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alongside the financial approval, the Board appointed Dr. T. Bhasker Raj (DIN: 02724086) as an Additional Director (Non-Executive, Non-Independent) effective July 31, 2026. Dr. Bhasker Raj is related to existing Director V.R. Venkataachalam and Managing Director Ms. Samyuktha.

Financial Performance Overview

The company recorded total income of ₹204.72 lakh for the quarter, up from ₹155.99 lakh in Q1FY26. Net sales rose to ₹158.95 lakh from ₹130.46 lakh in the previous year. However, total expenses stood at ₹458.36 lakh, largely driven by finance costs of ₹355.72 lakh. Other income increased significantly to ₹45.76 lakh from ₹25.53 lakh in the prior year quarter.

| Particulars | Q1FY27 (₹ Lakh) | Q1FY26 (₹ Lakh) | Change | | :--- | ---: | ---: | :--- | | Net Sales / Income from Operations | 158.95 | 130.46 | +21.8% | | Other Income (Net) | 45.76 | 25.53 | +79.2% | | Total Income | 204.72 | 155.99 | +31.0% | | Total Expenses | 458.36 | 450.13 | +1.8% | | Finance Cost | 355.72 | 316.60 | +12.4% | | Net Profit/(Loss) After Tax | (289.62) | (287.30) | -0.8% |

Basic and diluted earnings per share were negative ₹11.21 for the quarter, compared to negative ₹11.55 in Q1FY26. The company’s paid-up equity share capital remains at ₹258.33 lakh.

Balance Sheet Position

As of June 30, 2026, Binny Mills’ total assets stood at ₹17,250.46 lakh, marginally up from ₹17,198.05 lakh as of March 31, 2026. Investment property constituted the largest asset class at ₹15,905.08 lakh. Cash and bank balances increased to ₹325.01 lakh from ₹297.01 lakh in the previous quarter.

On the liabilities side, total liabilities amounted to ₹42,301.32 lakh. Borrowings remained unchanged at ₹14,470.91 lakh. Other financial liabilities under current liabilities rose to ₹24,293.19 lakh from ₹23,975.06 lakh. The company continues to operate with negative equity, totaling (₹25,050.87) lakh.

What the Numbers Show

The primary driver of the company’s continued losses remains high finance costs, which accounted for approximately 77.6% of total expenses in Q1FY27. While revenue growth of 21.8% indicates operational improvement, it was insufficient to offset the interest burden. The increase in other income by 79.2% provided some relief but did not materially alter the bottom-line trajectory. The company also noted that inter-se transfers of equity shares among promoters occurred in June 2026 pursuant to a Memorandum of Family Agreement, which does not impact control or operations.

Binny Mills Limited has scheduled its 19th Annual General Meeting (AGM) for Monday, August 31, 2026, to transact ordinary and special business items critical to its corporate governance structure. The meeting, conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM), requires shareholders to cast votes on the re-appointment of director T. Yeswanth and the regularization of Dr. T. Bhasker Raj as a non-executive, non-independent director. These appointments aim to stabilize the Board’s composition following the rotation retirement of Mr. Yeswanth and the interim appointment of Dr. Raj in July 2026.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Binny Mills Limited informed BSE Limited of the meeting details on August 5, 2026. The company’s scrip code on the exchange is 535620. To determine eligibility for voting rights, the Register of Members and Share Transfer Books will remain closed from Tuesday, August 25, 2026, to Monday, August 31, 2026. The cut-off date for e-voting is Friday, August 24, 2026.

Key Agenda Items

Shareholders will consider two primary resolutions during the AGM:

• Re-appointment of T. Yeswanth: Pursuant to Section 152(6) of the Companies Act, 2013, T. Yeswanth (DIN 05343532) retires by rotation. Being eligible, he offers himself for re-appointment as a non-executive, non-independent director. The explanatory statement notes his expertise in real estate development and corporate strategy.
• Regularization of Dr. T. Bhasker Raj: The Board previously appointed Dr. T. Bhasker Raj (DIN 02724086) as an Additional Director with effect from July 31, 2026. Shareholders must now approve his appointment as a Director (Non-Executive, Non-Independent) liable to retire by rotation. Dr. Raj brings extensive experience in medicine and healthcare management, which the Board believes adds value to the company’s strategic direction.

Voting and Participation Details

The remote e-voting period begins on August 28, 2026, at 9:00 a.m. and ends on August 30, 2026, at 5:00 p.m. Members holding shares as of the cut-off date can vote via the Central Depository Services (India) Ltd (CDSL) platform. Those who have not voted remotely may do so during the live VC/OAVM session. Physical attendance is dispensed with under MCA Circulars, and proxy facilities are not available for this virtual meeting.

Governance and Compliance

The statutory auditors, M/s. Ramesh & Ramachandran, Chartered Accountants, hold office until the conclusion of the 20th AGM, appointed for a five-year term starting from the 15th AGM. Similarly, M/s. Elangovan & Associates serves as the Secretarial Auditor until the 23rd AGM. No resolutions for ratification of these auditors are proposed, as per the Companies (Amendment) Act, 2017. K. Elangovan, Practising Company Secretary, has been appointed as the Scrutinizer to ensure a fair and transparent e-voting process.