Millennium Online Solutions (India) Limited will hold its 46th Annual General Meeting on September 24, 2026, to approve its financial results for the fiscal year ended March 31, 2026.

The meeting agenda includes the re-appointment of Non-Executive Director Mr. Nikunj Pancholi and the formal appointment of Ms. Radhika Ben Patel and Mr. Mukesh Kumar Seni as Independent Directors for five-year terms.

Financial Performance

The holding company reported a standalone net loss of ₹11.18 lakh for FY26, an increase from the ₹9.70 lakh loss recorded in the previous year. This deterioration was driven by higher employee benefit expenses and other operational costs, despite zero revenue generation at the parent entity level.

In contrast, the consolidated financial statements show a significant turnaround. The group reported a consolidated net profit of ₹74,048, reversing a net loss of ₹23.41 lakh in FY25. Consolidated revenue from operations surged to ₹249.91 lakh, up from ₹138.71 lakh in the prior year.

What the Numbers Show

The divergence between the standalone loss and consolidated profit highlights the subsidiary's role as the primary revenue driver. While the parent company incurred expenses without generating income, the wholly-owned subsidiary, Millennium Online (India) Limited, contributed significantly to the group's bottom line. The subsidiary reported a turnover of ₹249.91 lakh and a profit after tax of ₹11.92 lakh, effectively offsetting the parent's operational drag.

Board Changes

Shareholders will vote to regularize the appointments of two new independent directors. Ms. Radhika Ben Patel and Mr. Mukesh Kumar Seni were initially appointed by the Board on February 24, 2026, subject to shareholder approval. Their terms will run until February 23, 2031.

Mr. Nikunj Pancholi retires by rotation but is eligible for re-appointment as a Non-Executive Non-Independent Director.

Balance Sheet Signals

The consolidated balance sheet reflects strong liquidity, with cash and cash equivalents rising to ₹30.81 lakh from ₹21.41 lakh in the previous year. However, trade receivables increased sharply to ₹13.30 lakh from ₹8.82 lakh, indicating potential collection pressure alongside the revenue growth. The group's current ratio improved to 58.63, signaling robust short-term solvency.

Millennium Online Solutions has scheduled its 50th Annual General Meeting for September 24, 2026. The event will be conducted through video conferencing or other audio-visual means.

The Board of Directors approved the agenda during a meeting held on August 24, 2026. The session is set to begin at 11:30 am IST.

Key Approvals

The board considered and approved several matters pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key decisions included:

• Approval of the Directors' Report along with related annexures for the financial year ended March 31, 2026.
• Approval of the 46th Annual Report, including the notice for the AGM.
• Closure of the Register of Members and Share Transfer Books from September 18, 2026, to September 24, 2026, for AGM purposes.
• Appointment of Mr. Hemant Shetye as Scrutinizer, with Mr. Kunal Sakpal as alternate, to oversee the e-voting process.
• Engagement of National Securities Depository Limited (NSDL) to facilitate e-voting.

Voting and Logistics

Shareholders will cast votes electronically. The cut-off date for recording voting entitlements was also approved by the board. Directors and the Company Secretary are authorized to sign and dispatch the notice along with other relevant documents.

The board meeting commenced at 4:00 pm and concluded at 5:00 pm on August 24, 2026.