MSL Global Limited announced that its Chief Financial Officer and Key Managerial Personnel, Mr. Vishwanatha Srinivas, resigned from his position effective from the close of business hours on May 31, 2026. The executive stepped down to pursue another career opportunity, confirming there were no other material reasons for his departure. This change impacts the company's financial leadership structure as it moves forward without a CFO.

The company disclosed the resignation to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was read with Schedule III – Para A (7C) of Part A and SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. madhusudan securities confirmed that the detailed requirements were met and submitted to the exchange.

In his resignation letter addressed to the Board of Directors, Mr. Srinivas cited personal reasons and other professional commitments for his decision. He requested the company to file necessary forms with the Registrar of Companies and other authorities under the applicable provisions of the Companies Act, 2013. The Board acknowledged the receipt of the resignation letter.

The disclosure details provided to the exchange confirm that Mr. Srinivas did not hold any shares in the company. The company has updated its records to reflect the cessation of the CFO's duties. The Managing Director, Salim Pyarali Govani, signed the regulatory intimation submitted to the exchange.

Details of Resignation

Madhusudan Securities returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹496.86 lakh compared to a net loss of ₹52.32 lakh in the previous year. The company's total income for the year rose to ₹617.34 lakh from ₹6.75 lakh in FY25, driven primarily by other operating income. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026.

Standalone Financial Performance

For the quarter ended March 31, 2026, the company reported a net profit of ₹86.15 lakh, a significant increase from the net loss of ₹6.88 lakh in the same quarter of the previous year. Total income for the quarter stood at ₹104.13 lakh, up from ₹4.03 lakh in Q4FY25. The company's earnings per share (EPS) for the year ended March 31, 2026, was ₹2.32, compared to a negative EPS of ₹0.47 in the prior year.

Consolidated Results and Auditor's Opinion

On a consolidated basis, MSL Global Limited reported a net profit of ₹281.17 lakh for FY26 against a net loss of ₹82.53 lakh in the previous year. Total consolidated income for the year was ₹728.60 lakh. The statutory auditors, S. V. Bhat & Co., issued a qualified opinion in their report, noting that the company has not made any provision for advances of ₹12 Crores outstanding beyond three years from Primus Retail (P) Ltd, which is under liquidation.

Balance Sheet and Cash Flows

The company's standalone net assets improved, with shareholders' funds increasing to ₹8402.01 lakh as of March 31, 2026, from ₹8184.58 lakh in the previous year. Cash and cash equivalents surged to ₹963.17 lakh from ₹134.39 lakh, bolstered by net cash generated from financing activities amounting to ₹1393.74 lakh, primarily due to the issue of equity shares. The auditors confirmed that the financial results give a true and fair view of the company's financial position, in conformity with Indian Accounting Standard 34.