Modern Dairies promoter group increased its shareholding to 33.40% of the total voting capital following the conversion of warrants into equity shares.

The acquisition, executed on August 25, 2026, involved 16,00,000 shares allotted to promoter Mr. Krishan Kumar Goyal and persons acting in concert (PAC). The move was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Changes

The promoter group’s holding rose from 29.65% to 33.40%. In diluted terms, the stake increased from 26.40% to 31.41%.

Mr. Krishan Kumar Goyal remains the largest individual holder within the group, with his stake rising from 14.07% to 15.98%. Mrs. Alka Goyal’s holding increased from 12.77% to 13.42%, while Mala Builders Private Limited saw its stake grow from 2.81% to 4.00%.

Capital Structure Impact

The conversion of warrants issued on a preferential basis expanded the company’s equity share capital. Total voting capital stood at ₹28,41,98,610 before the transaction and rose to ₹30,01,98,610 post-acquisition.

The total diluted share capital, assuming full conversion of outstanding convertible securities, is reported at ₹31,91,98,610. No encumbrances or pledges were reported on the newly acquired shares.

Modern Dairies reported a robust start to its fiscal year, with net profit surging 68% year-on-year to ₹2.77 crore in Q1FY26. The dairy processing company’s revenue from operations climbed 16.5% to ₹91.27 crore, driven by higher volumes and improved operational efficiency. This growth trajectory signals strengthening demand and effective cost management strategies implemented by the management team.

The Board of Directors approved the standalone unaudited financial results on August 11, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were subsequently published in Financial Express and Jansatta on August 12, 2026, as mandated under Regulation 30. The figures presented have been reviewed by the company’s statutory auditors.

Financial Performance Highlights

Revenue from operations stood at ₹91.27 crore in the quarter ended June 30, 2026, compared to ₹78.30 crore in the same period last year. This top-line growth outpaced the previous fiscal year’s full-year revenue of ₹339.92 crore on a quarterly run-rate basis, indicating an accelerated business momentum.

What the Numbers Show

The divergence between revenue growth (16.5%) and profit before tax growth (45.6%) highlights significant operating leverage. Modern Dairies managed to expand its pre-tax margins substantially, suggesting that fixed costs were effectively absorbed by higher sales volumes. The net profit margin improved to approximately 3.03% in Q1FY26, up from 2.11% in Q1FY25, demonstrating enhanced profitability per unit of revenue generated.

Earnings per share metrics also reflected this improvement. Basic EPS rose to ₹0.75 from ₹0.64, while diluted EPS increased to ₹0.74 from ₹0.60. The equity share capital remained stable at ₹28.46 crore, ensuring that the earnings growth directly benefited shareholders without dilution. Reserves as shown in the audited balance sheet of the previous year stood at ₹22.53 crore, providing a solid financial base for future investments.

The results were signed off by A.K. Aggarwal, Executive Director, on behalf of the Board. The detailed financial statements are available on the company’s website and the BSE platform for investor review.