Monind Limited reported a net loss of ₹76.10 lakh for the financial year ended March 31, 2026, narrowing from a loss of ₹253.75 lakh in the previous year. The company, which has no major business activities, generated zero revenue from operations and relied entirely on other income of ₹198.56 lakh to support its finances. For the quarter ended March 31, 2026, the company posted a net profit of ₹134.48 lakh, primarily due to other income, compared to a loss of ₹65.54 lakh in the same period last year.

The Board of Directors approved the audited financial results on May 29, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audit was conducted by O P BAGLA & CO LLP, which issued an unmodified opinion on the standalone annual financial results. However, the auditors included an emphasis of matter paragraph noting significant doubts about the company's ability to continue as a going concern.

The auditors highlighted that the company has accumulated losses resulting in the erosion of net worth and has incurred net cash losses during the year and the immediately preceding financial year. As of March 31, 2026, the company's current liabilities exceeded its current assets. Despite these conditions, the financial statements were prepared on a going concern basis based on the management's perception.

Total expenses for FY26 increased to ₹273.50 lakh from ₹253.75 lakh in the previous year, driven largely by finance costs of ₹246.45 lakh. Employee benefits expense stood at ₹12.66 lakh. The company's equity showed a negative balance of ₹5,431.88 lakh, reflecting the accumulated losses. Total borrowings amounted to ₹3,006.12 lakh, comprising non-current borrowings of ₹2,787.87 lakh and current borrowings of ₹218.25 lakh.

The cash flow statement for the year ended March 31, 2026, showed a net decrease in cash and cash equivalents of ₹0.81 lakh. Cash generated from operations was negative at ₹26.03 lakh, while net cash used in financing activities was ₹26.37 lakh. Cash and cash equivalents at the end of the year stood at ₹4.71 lakh, down from ₹5.52 lakh at the beginning of the year.

Financial Results for FY26

Assets and Liabilities as at March 31, 2026

Monind Limited has scheduled a board meeting to take place on May 29, 2026. The primary agenda for the meeting is to consider and approve the financial results for the fourth quarter of the fiscal year 2026 (Q4FY26).

The meeting will be conducted in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates that companies disclose material information, including financial results, to the stock exchanges within a stipulated timeframe.

Meeting Details

Shareholders and market participants are advised to refer to the official filings made by the company with the stock exchanges for detailed information once the results are declared.