Binny Mills reported a widened net loss of ₹1,942.66 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹1,270.55 lakh in the previous year. The company's financial performance was significantly impacted by a surge in finance costs, which rose to ₹1,889.64 lakh from ₹1,266.38 lakh in FY25. Total income for the year increased to ₹958.85 lakh from ₹723.78 lakh in the prior year, supported by higher income from operations.

Financial Performance

The company's total expenses for FY26 stood at ₹2,686.26 lakh, up from ₹1,995.17 lakh in the previous year. While revenue from operations improved to ₹855.66 lakh from ₹632.18 lakh, the sharp increase in finance costs and other expenses to ₹412.98 lakh resulted in a loss before tax of ₹1,727.41 lakh. The basic and diluted earnings per share for the year were reported at (₹75.20).

Board Decisions and Auditor Appointment

The Board of Directors, in its meeting held on May 22, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. Additionally, the Board appointed M/s T Balaji and Associates, Chartered Accountants, as the internal auditor for the financial year 2026-2027. The firm brings approximately 16 years of experience in internal audit, statutory audit, and tax audit services.

Audit Observations and Provisions

The statutory auditors, Ramesh and Ramachandran, issued an unmodified opinion on the financial statements. However, they drew attention to several material matters, including the extension of a loan to a related party and the granting of additional loans aggregating ₹1.50 crores. The company also made provisions for liabilities arising from a demerger scheme amounting to ₹9.73 crores and for potential litigation costs related to rent disputes and labour court awards. Despite a court ruling in the company's favour regarding a rent dispute, provisions of ₹28.05 lakhs were retained in the books.

Binny mills Limited has announced significant developments in its securities management structure following a Board of Directors meeting held on February 24, 2026. The company informed BSE Limited about key approvals that will enhance its securities infrastructure and investor accessibility.

Board Meeting Outcomes

The Board of Directors convened on February 24, 2026, and approved crucial decisions regarding the company's securities framework. The meeting was efficiently conducted, commencing at 11.30 A.M and concluding at 11.52 A.M.

Securities Infrastructure Enhancement

The primary focus of the board meeting was the consideration and approval of ISIN allotment and admission of company's securities in the National Securities Depository Limited (NSDL). This development represents a significant step in modernizing the company's securities management system.

The board also approved the appointment of a Registrar and Transfer Agent (RTA) for dematerialization purposes. This appointment will facilitate the electronic holding and transfer of securities, providing greater convenience and security for shareholders.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated these developments to BSE Limited, where Binny Mills Limited is listed with scrip code 535620.

The communication was signed by V.R.Venkataachalam, Director with DIN 00037524, ensuring proper authorization and compliance with corporate governance requirements. The company maintains its registered office at No. 4, Karpagambal Nagar, Mylapore, Chennai - 600 004, Tamil Nadu, India.