MPIL Corporation sets July 16 for 67th AGM via video conferencing

MPIL Corporation Limited will conduct its 67th Annual General Meeting on Thursday, July 16, 2026, at 10.00 a.m. via video conferencing and other audio visual means. The meeting will be held without the physical presence of members at a common venue, in compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The facility for remote e-voting will be available to members holding shares in physical or dematerialized form as of July 3, 2026.

Remote E-Voting and Book Closure

The company has engaged the services of National Securities Depository Limited (NSDL) to facilitate electronic voting. Shareholders as on the cut-off date of July 3, 2026, are eligible to cast their votes. Mrs. Ragini Chokshi, Partner of Messrs Ragini Chokshi & Co, has been appointed as the scrutineer to ensure the process is conducted fairly and transparently.

Event	Date and Time
Remote E-Voting Start	July 13, 2026 at 10.00 a.m.
Remote E-Voting End	July 15, 2026 at 5.00 p.m.
Book Closure Start	July 9, 2026
Book Closure End	July 16, 2026
AGM Date	July 16, 2026 at 10.00 a.m.

The Register of Members will remain closed from July 9, 2026, to July 16, 2026 (both days inclusive). Members who have not cast their votes remotely may vote electronically during the AGM. However, those who have already voted via remote e-voting will not be permitted to vote again at the meeting.

Notice and Documentation

The Notice of the AGM and the Annual Report 2025-26 were dispatched to members on June 23, 2026. These documents are available on the company’s website and the websites of the stock exchanges where the shares are listed. Members can access the e-voting facility using the login credentials provided in the notice, which will also serve as credentials to attend the meeting via video conferencing.

For any queries related to e-voting, members may contact Mr. Nihar Kudaskar at NSDL or refer to the FAQs available on the NSDL website.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.00%	-3.95%	-13.35%	+55.33%	-2.01%	+105.63%

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.

Particulars	FY26 (₹ in lakhs)	FY25 (₹ in lakhs)
Income	135.82	156.87
Expenditure	472.02	385.88
Profit/(Loss) before Depreciation and Tax	(329.97)	(222.76)
Depreciation	6.23	6.24
Profit/(Loss) after Tax	(336.20)	(229.00)

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.