Millennium Online Solutions has scheduled its 46th Annual General Meeting for Thursday, September 24, 2026. The meeting will be conducted through Video Conferencing or Other Audio Visual Means to transact business as per the notice.

Meeting Details

The company will hold the meeting at 11:30 am. The venue is deemed to be the registered office of the company. Members can attend and participate remotely. Proxy appointment is not available for this meeting.

Members attending via VC/OAVM will count toward the quorum under Section 103 of the Companies Act, 2013.

E-Voting Schedule

The company engaged National Securities Depository Limited to facilitate remote e-voting. The cut-off date for voting eligibility is Thursday, September 17, 2026.

Mr. Kunal Sakpal and Mr. Hemant Sheety of HSPN & Associates LLP are appointed as scrutinizers for the e-voting process.

Document Availability

Electronic copies of the AGM notice and the annual report for FY26 were sent on September 2, 2026, to members with registered email IDs. Physical copies have been dispensed with pursuant to MCA and SEBI circulars.

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.