MSR India board to consider FY26 audited results on May 26

1 min read Updated on 22 May 2026, 01:21 AM

Reviewed by

Shriram SScanX News Team

AI Summary

MSR India Limited will hold a board meeting on May 26, 2026, to consider audited financial results for the quarter and fiscal year ended March 31, 2026. The trading window for insiders remains closed until 48 hours post-results declaration.

*this image is generated using AI for illustrative purposes only.

MSR India Limited has announced that its board of directors will meet on Tuesday, May 26, 2026, to discuss and approve the company's financial performance. The meeting is scheduled to take place at 03.00 P.M. at the registered office of the company.

Agenda for the Meeting

The primary focus of the board meeting will be to consider the audited financial results of the company for the quarter and financial year ended March 31, 2026. The board will also deliberate on any other business that may be brought before the meeting with the permission of the Chair.

Trading Window Closure

In connection with the upcoming financial results, the company has informed the exchange that the trading window for dealing in securities of MSR India Limited remains closed. This restriction applies to designated persons, their immediate relatives, and all connected persons covered under the company's Code of Conduct. The window has been closed since April 1, 2026, and will continue to remain shut until 48 hours after the declaration of the results.

Company Details

MSR India Limited operates multiple units located in Jeedimetla, Bachupally, and Chetlapotharam. The company's registered office is situated at Sy No 36, Bowrampet, Qutubullapur Mandal, Rangareddy District, Hyderabad.

How might MSR India Limited's FY2026 annual financial results compare to the previous fiscal year, and what growth trajectory could investors expect going forward?

Will the board meeting on May 26 include any announcements regarding dividend declarations, capital expenditure plans, or expansion of operations beyond the existing Hyderabad units?

How could the audited financial results impact MSR India Limited's stock performance once the trading window reopens 48 hours after the declaration?

Financial Performance Overview

The company reported nil turnover for FY25, compared to Rs 0.38 lakhs in FY24 and Rs 453.99 lakhs in FY22-23. The following table summarises the key financial performance indicators across three financial years:

Particulars:	2024-25 (Rs. in lakhs)	2023-24 (Rs. in lakhs)	2022-23 (Rs. in lakhs)
Turnover	--	0.38	453.99
Net Profit / (Loss) after Tax	(53.39)	(492.28)	2050.75

The detailed profit and loss statement for FY25 and FY24 is presented below:

Particulars:	2024-25 (Rs. in lakhs)	2023-24 (Rs. in lakhs)
Turnover / Income (Gross)	-	0.38
Other Income	-	0.37
Profit / (Loss) before Depreciation, Finance Costs, Exceptional Items and Tax	(53.39)	(437.02)
Less: Depreciation / Amortisation / Impairment	-	26.48
Profit / (Loss) before Finance Costs, Exceptional Items and Tax	-	(463.50)
Less: Finance Costs	-	28.78
Profit / (Loss) before Exceptional Items and Tax	(53.39)	(492.28)
Add / (Less): Exceptional Items	-	585.76
Profit / (Loss) before Tax	(53.39)	93.48
Less: Tax Expense (Current & Deferred)	-	-
Profit / (Loss) for the year	(53.39)	93.48
Balance carried forward	(53.39)	93.48

Balance Sheet Highlights

As at March 31, 2025, the company's total assets stood at Rs 44.34 lakhs, a significant decline from Rs 2,491.32 lakhs as at March 31, 2024. This reduction was largely attributable to the reversal of deferred tax assets, which stood at nil in FY25 compared to Rs 2,446.98 lakhs in FY24. Equity share capital remained unchanged at Rs 3,144.00 lakhs, while other equity deteriorated to (Rs 4,193.21 lakhs) from (Rs 1,692.85 lakhs), resulting in total equity of (Rs 1,049.21 lakhs) as at March 31, 2025. Non-current borrowings remained at Rs 773.25 lakhs in both years.

The company's working capital position remained under stress, with total current assets of Rs 43.59 lakhs against total current liabilities of Rs 320.30 lakhs as at March 31, 2025, resulting in a net working capital deficit of (Rs 276.71 lakhs).

Key Financial Ratios

The following key financial ratios were reported for FY25 and FY24:

Particulars:	2024-25	2023-24
Debtors Turnover Ratio	-	0.03
Stock Turnover Ratio	-	1.03
Interest Coverage Ratio	-	-16.12
Current Ratio	0.14	0.16
Net Debt / Equity	(1.00)	0.69
Net Profit Margin	-	-1287.00
Return on Net Worth	2.38	-0.34

Basic and diluted earnings per share (EPS) for FY25 stood at (Rs 3.98), compared to Rs 0.15 in FY24, based on a weighted average number of shares of 628.80 lakhs.

Regulatory Non-Compliances

The annual report disclosed several instances of non-compliance under SEBI regulations during FY25, as summarised below:

Regulation:	Details of Non-Compliance
Regulation 14	Annual listing fees for FY 2024-25 not paid within the due date
Regulation 30 read with Schedule III	Delay of 4 hrs 30 mins in submitting proceedings of the 41st Annual General Meeting
Regulation 30 read with Schedule III	Non-disclosure of show cause notice dated 30.10.2024 (received 01.11.2024) from the Office of the Commissioner of Central Tax, Central Excise and Service Tax
Regulation 46	Company does not have a functional website
Regulation 76, SEBI (Depositories and Participants) Regulations, 2018	Reconciliation of Share Capital Audit Report for the quarter ended 31.03.2025 not submitted

Additionally, the statutory auditor noted that the company had not filed financial statements in Form AOC-4 XBRL for the financial year ended 31.03.2023 (Section 137(1)) and had not filed the annual return in Form MGT-7 within the stipulated period (Section 92(4)).

Shareholding Pattern and Director Remuneration

As at the reporting date, the promoter and promoter group held 4,25,00,733 equity shares, representing 67.59% of the total share capital of 6,28,80,000 shares. Public shareholding stood at 32.41%, comprising bodies corporate (3.48%), Indian public and others (23.65%), NRIs (0.06%), and Foreign Portfolio Investors (Corporate) (5.22%). Of the total shares, 65.21% were held in demat form with CDSL and 34.79% with NSDL.

During FY25, Mr. Durgaadideva Varaprasad Challa received a salary of Rs 18,00,000 and Mr. Vinod Kumar Maganti received a salary of Rs 8,40,000. No sitting fees, stock options, or performance-based incentives were paid to any director. No dividend was declared or paid for FY25. Audit fees paid to the statutory auditor amounted to Rs 3,00,000 for FY25.

Given MSR India's negative total equity of Rs 1,049.21 lakhs and zero revenue for FY25, what restructuring or revival strategies could management realistically pursue to avoid potential insolvency proceedings under the IBC?

With multiple SEBI regulatory non-compliances piling up alongside the show cause notice from the Commissioner of Central Tax, how might escalating regulatory penalties further strain the company's already depleted cash position?

Could the dramatic reversal of Rs 2,446.98 lakhs in deferred tax assets signal that auditors or management have abandoned any near-term expectation of profitability, and what does this imply for the company's going concern status?