Monind reported a net loss of ₹76.10 lakh for the financial year ended March 31, 2026, a significant improvement from the ₹253.75 lakh loss recorded in FY25. The company has scheduled its 43rd Annual General Meeting (AGM) for September 29, 2026, to approve the audited financial statements.

The Board did not recommend any dividend for the year due to the accumulated losses. The meeting will also seek shareholder approval for the re-appointment of Mr. Mahesh Kumar Sharma as Whole-Time Director and CFO.

Financial Performance

Monind generated no operating revenue during FY26, consistent with its inactive operational status. Total income stood at ₹198.56 lakh, derived entirely from other income, primarily balances written off. This contrasts with nil total income in the previous year.

Total expenses rose slightly to ₹273.50 lakh from ₹253.75 lakh in FY25. Finance costs accounted for the majority of expenditures at ₹246.45 lakh, up from ₹227.42 lakh year-on-year. Employee benefits and other expenses remained stable at approximately ₹12.66 lakh and ₹14.39 lakh, respectively.

Balance Sheet and Liquidity

As of March 31, 2026, total assets remained largely unchanged at ₹2,549.93 lakh. Non-current assets included investments valued at ₹2,540.20 lakh, while cash and cash equivalents declined marginally to ₹4.71 lakh from ₹5.52 lakh.

Total borrowings increased to ₹3,006.12 lakh, comprising non-current liabilities of ₹2,787.87 lakh and current liabilities of ₹218.25 lakh. Current liabilities significantly exceeded current assets, resulting in a current ratio of 0.09.

Corporate Governance Updates

The Board composition saw changes during the year, with Ms. Shweta Bansal and Mr. Sandeep Kumar appointed as Independent Directors. Conversely, Ms. Babika Goel and Mr. Umesh Kumar Shukla resigned from their positions as Independent Directors.

Mr. Mahesh Kumar Sharma, whose five-year term concluded on May 6, 2026, is eligible for re-appointment as Whole-Time Director and KMP for another five-year term. The AGM will be conducted via Video Conferencing or Other Audio Visual Means (OAVM), with remote e-voting facilities available through NSDL.

What the Numbers Show

The narrowing of the net loss by over 70% was driven entirely by non-operational factors. With zero revenue from operations, the improvement stems from ₹198.56 lakh in other income—specifically balances written off—which offset the persistent finance costs of ₹246.45 lakh. This indicates that the reduction in loss is not reflective of operational turnaround but rather accounting adjustments against ongoing interest obligations.

Monind Limited has appointed M/s VGG & Co. as its internal auditor and M/s Sanjay Grover & Associates as its secretarial auditor for the financial year 2026-27. The Board of Directors approved these appointments during a meeting held on August 13, 2026.

The board meeting commenced at 12:30 pm and concluded at 2:15 pm. The appointments are part of the company's routine compliance obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Appointments

The company engaged two firms to oversee its internal controls and secretarial compliance for the upcoming fiscal year.

M/s VGG & Co., Chartered Accountants, holds Firm Registration No. 031985N. The firm specializes in internal audits, system audits, and management audits. Its team comprises multi-disciplinary professionals experienced in converting operational challenges into effective audit outcomes.

M/s Sanjay Grover & Associates, Company Secretaries, holds Firm Registration No. P2001DE052900. Established in 2001, the firm offers corporate consultancy, legal compliances, board management, and secretarial audits. It is registered with the Institute of Company Secretaries of India and holds a valid Peer Review Certificate. The firm has experience dealing with regulatory authorities including the Registrar of Companies, National Company Law Tribunal, Ministry of Corporate Affairs, Competition Commission of India, SEBI, Stock Exchanges, and Reserve Bank of India.

Ritika Ahuja, Company Secretary & Compliance Officer, signed the disclosure.