M M Rubber Company Limited has scheduled a board meeting for June 10, 2026, to deliberate on the resignation and appointment of its Chief Financial Officer (CFO). The meeting will be held at 11.00 AM to consider these changes in the company's Key Managerial Personnel (KMP).

The board will discuss the resignation of the current CFO and the subsequent appointment of a new CFO. These decisions are critical for the company's financial governance and compliance structure.

The agenda also includes any other business with the permission of the chair. The intimation was submitted to the Bombay Stock Exchange Ltd. on June 2, 2026.

M.M. Rubber Company Limited narrowed its net loss to ₹120.23 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹368.35 lakh in the previous year. For the fourth quarter ended March 31, 2026, the company reported a net profit of ₹37.30 lakh. Revenue from operations for the full year declined to ₹4006.13 lakh from ₹4099.92 lakh in FY25, while quarterly revenue rose to ₹997.65 lakh from ₹943.36 lakh in the corresponding period of the previous year.

The Board of Directors approved the standalone audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026. The statutory auditors, M/s. Narayan Bhat & Co, issued an audit report with an unmodified opinion on the financial results. The Board also appointed M/s S.R. Mandre and Co., Chartered Accountants, as internal auditors for the financial year 2026-27.

Financial Performance

Total income for FY26 stood at ₹4010.81 lakh, down from ₹4127.74 lakh in the previous year. Total expenses for the year decreased to ₹4182.94 lakh from ₹4492.31 lakh. The company reported a profit before tax of ₹(172.13) lakh for the year, compared to ₹(364.57) lakh in FY25. For the quarter ended March 31, 2026, total income was ₹999.97 lakh and total expenses were ₹1014.57 lakh.

Assets and Liabilities

The company's total assets as of March 31, 2026, stood at ₹3293.77 lakh, a decrease from ₹3377.78 lakh in the previous year. Total equity declined to ₹1261.02 lakh from ₹1421.88 lakh. Total liabilities increased to ₹2032.75 lakh from ₹1955.90 lakh. Cash and cash equivalents at the end of the year were ₹28.22 lakh, up from ₹22.89 lakh at the end of the previous year.

Auditor's Observations

The statutory auditors included an emphasis of matter paragraph regarding the non-implementation of the New Labour Code during the current financial year. The management stated that the code will be implemented from the next financial year, and consequently, the impact on provisions for gratuity, leave encashment, provident fund contribution, and ESI contribution has not been considered in the financial statements.