Microse India Limited has fixed the book closure period for its 38th Annual General Meeting (AGM). The register of members and share transfer books will remain closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026, both days inclusive.

The meeting is scheduled for Tuesday, September 29, 2026, at 3:00 pm at the company’s registered office at 421, Maker Chamber V, Nariman Point, Mumbai.

Compliance and Shareholder Updates

Microse India is urging security holders holding physical shares to update their KYC details and dematerialize securities. This aligns with SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024.

The circular mandates that folios without updated PAN, nomination, contact details, bank account details, or specimen signatures will only receive payments electronically from April 1, 2024. Shareholders are advised to register email IDs to avail online services.

Key Dates and Details

Shareholders with queries can contact the investor relations department at Bigshare Services Private Limited. Electronic service requests must be raised through the RTA’s website.

Microse India Limited reported a net loss of ₹172.32 lakh for the fiscal year ended March 31, 2026, a sharp reversal from the ₹95.85 lakh profit recorded in FY25. The company’s total income turned negative at ₹(118.03) lakh, driven primarily by losses from operations, while expenses rose to ₹62.06 lakh from ₹40.58 lakh in the previous year.

Financial Performance

The company’s revenue from operations stood at ₹(118.23) lakh, compared to positive revenue of ₹136.27 lakh in FY25. This operational decline was compounded by an increase in employee benefit expenses to ₹12.00 lakh and financial costs rising to ₹5.45 lakh. Other income remained minimal at ₹0.20 lakh.

The loss before tax widened to ₹(180.09) lakh from a profit of ₹95.85 lakh. Tax expenses were negligible, with a deferred tax asset recognition of ₹7.85 lakh partially offsetting the current tax provision of ₹0.05 lakh.

Balance Sheet Signals

Microse India significantly reduced its leverage during the year. Borrowings, primarily from directors, declined by 65% to ₹103.31 lakh from ₹295.21 lakh in FY25. Despite this debt reduction, the company’s equity base eroded substantially due to the accumulated losses. Total equity fell to ₹45.07 lakh from ₹207.03 lakh, with other equity turning negative at ₹(171.34) lakh.

Current assets dropped sharply to ₹100.26 lakh from ₹472.34 lakh, largely due to a reduction in trade receivables to ₹66.33 lakh from ₹424.27 lakh. Cash and cash equivalents remained stable at ₹0.74 lakh.

What the Numbers Show

The financial results highlight a critical divergence between cash flow generation and accounting profitability. While the company reported a significant net loss, it generated ₹197.20 lakh in cash from operating activities. This positive operating cash flow was driven by a massive decrease in trade receivables, which released ₹357.94 lakh in working capital. Consequently, the company was able to repay ₹191.90 lakh in director borrowings during the year, demonstrating strong liquidity management despite operational headwinds.

Corporate Governance

The Board of Directors did not recommend any dividend for FY26 given the incurred loss. Mr. Shyam Sunder Agrawal is liable to retire by rotation and seeks re-appointment at the upcoming Annual General Meeting on September 29, 2026. The company also noted a change in independent directors, with Ms. Ria Sushil Goenka appointed to replace Mr. Akshay Sushil Goenka.

Auditors Todarwal & Todarwal LLP highlighted an emphasis of matter regarding the format of financial presentation, noting the company presented results in a format applicable to non-NBFCs despite being registered as a Non-Banking Financial Company. Additionally, the company wrote off delisted equity shares with a carrying value of ₹64.53 lakh during the year.