Milgrey Finance & Investments has scheduled its 43rd Annual General Meeting for September 30, 2026, to adopt financial results showing a net loss of ₹127.55 lakh for FY26. This marks a reversal from the net profit of ₹63.42 lakh recorded in FY25.

The Board of Directors approved the schedule during its meeting on September 8, 2026. The session, which commenced at 1:00 pm and concluded at 1:45 pm, also finalized logistics previously adjourned from September 4.

Key Decisions

The Board approved several critical items regarding the upcoming AGM and financial reporting:

• AGM Date: The 43rd Annual General Meeting will be held on September 30, 2026, at 12:30 pm at the registered office in Borivali (East), Mumbai.
• Book Closure: Shareholders on record from Thursday, September 24, 2026, to Wednesday, September 30, 2026 (both days inclusive), are eligible to attend and vote.
• Directors’ Report: The report along with relevant annexures for FY26 was approved.
• Director Re-appointment: Mr. Abhay Narain Gupta retires by rotation and offers himself for re-appointment.

Financial Performance

The company reported no revenue from operations in FY26. Total income stood at negative ₹84.34 lakh, primarily driven by interest income adjustments, compared to positive other income of ₹94.28 lakh in FY25. Expenses increased to ₹43.21 lakh from ₹27.11 lakh in the previous year.

Balance Sheet Highlights

Total assets rose to ₹10,741.12 lakh as on March 31, 2026, from ₹7,398.44 lakh in FY25. This increase was largely driven by a rise in loans and advances to ₹8,140.33 lakh and an addition of inventory worth ₹2,353.72 lakh. Borrowings increased to ₹5,090.77 lakh from ₹3,986.61 lakh.

Regulatory Disclosure

This intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details have been submitted to the BSE Limited Listing Compliance department. Remote e-voting will be available from September 27 to September 29, 2026.

Milgrey Finance & Investments has approved the acquisition of a 60% equity stake in Fidus Parkland Pvt Ltd for a consideration of ₹49.80 crore. The transaction, executed through a share swap arrangement, marks the company’s entry into the real estate sector.

The Board of Directors approved the proposal during its meeting held on August 21, 2026. The acquisition is based on a current valuation of ₹83 crore for the target entity. The share swap ratio will be determined by the Board in due course, guided by independent valuation reports and fairness opinions.

Transaction Details

Fidus Parkland Pvt Ltd is engaged in the real estate business. Milgrey aims to diversify its business activities through this strategic move. The company stated that no governmental or regulatory approvals are required for the acquisition.

The transaction is not classified as a related-party transaction, and the promoter group has no interest in the target entity. The deal is structured at arm's length.

What the Numbers Show

The acquisition cost of ₹49.80 crore represents approximately 60% of the target’s stated valuation of ₹83 crore, aligning directly with the equity stake being acquired. This indicates a straightforward valuation-based pricing mechanism without significant premium or discount adjustments disclosed in the filing.