Milton Industries promoters hold 69.92% stake, no encumbrance

Vijay Pal Jain, promoter of Milton Industries, disclosed that the promoter group holds 69.92% of the company's total equity shares as on March 31, 2026. The declaration was submitted to NSE Limited under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that no shares have been encumbered directly or indirectly during the financial year.

The disclosure was made on behalf of all promoters, members of the promoter group, and Persons Acting in Concert (PAC). The total shareholding of the group amounts to 1,18,82,153 equity shares. Vijay Pal Jain confirmed that the group has not created any encumbrance on these shares as of the specified date.

The detailed list of shareholding includes 23 entities ranging from individual promoters to family-run HUFs and private limited companies. The largest individual shareholder in the group is Vikas Jain, holding 13,60,718 shares, which represents 8.01% of the total share capital. Other significant individual holdings include Sulochna Jain with 11,94,528 shares (7.03%) and Vijay Pal Jain with 8,99,138 shares (5.29%).

Shareholding Breakdown

The following table details the shareholding of the promoter group and PAC as on March 31, 2026:

Sr. No.	Name(s) of the Promoter(s) and PAC with him	No of shares	% w.r.t. total share/voting capital wherever applicable
1.	Vijay Pal Jain	8,99,138	5.29
2.	Ajay Mahipal Singh Jain	8,89,242	5.23
3.	Saket Jain	5,12,025	3.01
4.	Abhaykumar Mahipalsingh Jain	8,18,158	4.81
5.	Vikas Jain	13,60,718	8.01
6.	Milton Exports India Pvt Ltd	74	0.00
7.	Vijaypal Jain HUF	74	0.00
8.	Mahipal Singh Jain HUF	1,21,413	0.71
9.	Mahipalsingh Jain HUF	2,76,740	1.63
10.	Archana Jain	6,23,602	3.67
11.	Daya Wati Jain	8,95,459	5.27
12.	Saroj Kumari Jain	1,69,884	1.00
13.	Sulochna Jain	11,94,528	7.03
14.	Babita Jain	7,01,479	4.13
15.	Nisha Jain	87,862	0.52
16.	Gargi Vikas Jain	6,31,137	3.71
17.	Neha Jain	2,47,846	1.46
18.	Niketa Saket Jain	4,77,598	2.81
19.	Rajinder Prasad Jain	6,51,234	3.83
20.	Preeti Abhaykumar Jain	8,11,255	4.77
21.	Sunit Jain	2,45,913	1.45
22.	Bhaumik Abhaybhai Jain	12	0.00
23.	Prerit Ajaybhai Jain	2,66,762	1.57
	Total	1,18,82,153	69.92

The filing was signed by Vijay Pal Jain on April 6, 2026, in Ahmedabad. A copy of the disclosure has been submitted to the Audit Committee of Milton Industries Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	-14.56%	+32.79%	+33.00%	+73.82%

Milton Industries Limited reported a 50% increase in net profit to ₹179.64 lakh for the financial year ended March 31, 2026, compared to ₹119.75 lakh in the previous year, driven by improved operational performance. Revenue from operations rose to ₹4641.14 lakh from ₹4417.45 lakh in FY25, while total revenue increased to ₹4720.12 lakh from ₹4592.47 lakh. The board approved the audited standalone financial results and adopted the auditors' report, which carries an unmodified opinion.

Financial Performance

The company's earnings per share (EPS) for the year improved to ₹1.06 from ₹0.70 in the previous year. Total expenses for FY26 stood at ₹4475.26 lakh, marginally higher than the ₹4437.07 lakh recorded in FY25. The profit before tax for the year was ₹244.86 lakh, up from ₹155.39 lakh in the prior year. For the half year ended March 31, 2026, net profit was ₹112.02 lakh on revenue of ₹2440.09 lakh.

Key Financial Metrics (FY26)

Metric	Amount (₹ in lakh)	Previous Year (₹ in lakh)
Revenue from operations	4641.14	4417.45
Total Revenue	4720.12	4592.47
Total Expenses	4475.26	4437.07
Net Profit	179.64	119.75
EPS (Basic)	1.06	0.70

Board Decisions

The board of directors, in its meeting held on May 28, 2026, unanimously approved the re-appointment of Vijay Pal Jain as Managing Director for a period of three consecutive years effective from July 14, 2026, to July 13, 2029. The appointment is subject to shareholders' approval. Additionally, the board approved the removal of Mr. Ronak Maheshwari as Company Secretary and Compliance Officer.

Auditor's Report

M/s. KPSJ & Associates LLP, Chartered Accountants, issued an audit report with an unmodified opinion on the standalone audited financial results for the half year and financial year ended March 31, 2026. The auditors confirmed that the financial results give a true and fair view in conformity with applicable Indian accounting standards.