MPIL Corporation Limited reported a net loss of ₹336.20 lakh for the financial year ended March 31, 2026, widening from the net loss of ₹229.00 lakh recorded in the previous year. The company’s total income decreased to ₹135.82 lakh in FY26 from ₹156.87 lakh in FY25, a decline attributed to the reduction in the share market price of its investment in Foods and Inns Limited. Consequently, the Board of Directors did not declare a dividend for the year.

The company recorded a loss before depreciation and tax of ₹329.97 lakh for the year ended March 31, 2026, compared to a loss of ₹222.76 lakh in the prior year. Total expenditure rose to ₹472.02 lakh from ₹385.88 lakh in the previous year. The financial results were approved by the Board of Directors, and the Annual Report for the year ended March 31, 2026, has been submitted to the Bombay Stock Exchange in compliance with Regulation 34 of the SEBI (LODR) Regulations, 2015.

Financial Performance

The company’s financial statements for the year ended March 31, 2026, were audited by M/s. M.D. Pandya & Associates, Chartered Accountants. The auditors issued an unmodified opinion on the financial statements and confirmed the adequacy and operating effectiveness of the company’s internal financial controls over financial reporting.

Operational Details

MPIL Corporation Limited does not carry on any manufacturing or sales activity, and therefore there are no reportable business segments. The company generates income from lease of assets, business support services, and investments in money market instruments. The surplus funds are invested to generate investment income, which is utilized to maintain the company’s assets. As on March 31, 2026, the company had two employees on its roll.

Governance and Approvals

The Board of Directors met four times during the financial year. The Independent Directors met once during the year under review to assess the performance of non-independent directors and the Board. The company has complied with the mandatory Corporate Governance requirements stipulated under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s. M.D. Pandya & Associates, confirmed compliance with the conditions of Corporate Governance.

Mr. Milan Dalal, Chairman of the company, retires by rotation at the upcoming Annual General Meeting and is eligible for re-appointment. The 67th Annual General Meeting is scheduled to be held on Thursday, July 16, 2026, via Video Conferencing.

MPIL Corporation approved its audited standalone financial results for the quarter and year ended March 31, 2026, following a board meeting on May 21, 2026. The approval includes the Statement of Assets and Liabilities, the Statement of Cash Flow, and the Independent Auditors' Report. The company reported no outstanding defaults on loans or debt securities as of the date of the filing.

M/s. M D Pandya & Associates, Chartered Accountants, the Independent Auditors of the Company, issued an unmodified opinion on the audited financial results for the financial year ended March 31, 2026. This disclosure was made pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors approved the holding of the 67th Annual General Meeting of the Company on Thursday, July 16, 2026. The Notice of the AGM, along with the Explanatory Statement, Directors' Report, Corporate Governance Report, and Book Closure date, were approved by the board.

Financial Indebtedness and Defaults

The company disclosed its financial position regarding loans and debt securities, confirming zero outstanding amounts and defaults.

The meeting of the Board of Directors commenced at 11.00 a.m. and concluded at 12.00 p.m. The filing was submitted to the Bombay Stock Exchange Limited.