Muller and Phipps India Limited narrowed its consolidated net loss to ₹4.75 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹75.69 lakh in the previous year. The company reported total revenue of ₹563.16 lakh for FY26, down from ₹591.60 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net loss of ₹32.80 lakh on revenue of ₹150.34 lakh.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. M/s. Shankarlal Jain & Associates LLP, the Independent Auditors, issued an unmodified opinion on the standalone and consolidated financial results. The auditors noted that the group has accumulated losses of ₹496.57 lakh with a negative net worth of ₹207.88 lakh as on March 31, 2026. Despite this, management assessed the company's ability to continue as a going concern and prepared the financial statements on that basis.

Financial Performance

The company's standalone financial results for FY26 showed a net loss of ₹3.13 lakh, an improvement from the net loss of ₹74.83 lakh in the prior year. Total income for the year stood at ₹690.75 lakh. Expenses for the year were managed at ₹693.88 lakh, slightly lower than the ₹694.76 lakh reported in FY25. The earnings per share (EPS) for the year was reported as a loss of ₹0.50, compared to a loss of ₹11.97 in the previous year.

Consolidated Financial Results

Corporate Governance

The Board approved the reappointment of M/s. Shankarlal Jain & Associates LLP, Chartered Accountants, as statutory auditors for a second term of three consecutive years, subject to shareholder approval at the ensuing Annual General Meeting. Additionally, the Board accepted the resignation of Mr. P V Mohan, Whole Time Director, effective May 31, 2026, due to the completion of his two terms and other commitments.

The company reported no outstanding defaults on loans or debt securities as of the date of the filing. The total financial indebtedness, including short-term and long-term debt, was nil.

Muller & Phipps India Limited has informed BSE Limited of a forthcoming Board of Directors meeting scheduled for Thursday, May 28, 2026. The intimation, dated May 15, 2026, was filed pursuant to Regulation 29 read with Regulation 47 of SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015.

Board Meeting Agenda

The meeting has been convened to transact the following business, as outlined in the official communication to the exchange:

• Consideration and adoption of the Audited Financial Statements for the year and quarter ended March 31, 2026
• Any other item, if any

The key details of the scheduled board meeting are summarised below:

Regulatory Compliance

The board meeting intimation has been submitted in compliance with the applicable SEBI listing regulations. The communication was signed by Milan Dalal, Director, on behalf of Muller & Phipps India Limited, and addressed to the Secretary of BSE Limited at Dalal Street, Fort, Mumbai.