Valley Magnesite Co. Ltd. has approved the voluntary delisting of its equity shares from the Calcutta Stock Exchange. The decision, taken by the Board of Directors on June 29, 2026, aims to optimize administrative compliance costs given the negligible trading volume on the regional exchange. The company will continue to remain listed on BSE Limited, ensuring that shareholders retain access to a nationwide trading platform.

The board meeting, which commenced at 10:30 AM and concluded at 11:00 AM, was held pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The delisting initiative follows the provisions of the SEBI (Delisting of Equity Shares) Regulations, as amended. Since the shares will continue to be traded on BSE, the company confirmed that no exit option or offer is required to be provided to public shareholders.

Key Meeting Details

The company will proceed to file the formal delisting application with the Calcutta Stock Exchange in due course. The notice regarding the outcome has been submitted to the Department of Corporate Affairs, BSE Ltd, and the Calcutta Stock Exchange Ltd to update the official records.

Valley Magnesite Co. Ltd reported a 59% decline in net profit to ₹16.18 lakh for the financial year ended March 31, 2026, compared to ₹39.25 lakh in the previous year. The company's total income for FY26 stood at ₹46.86 lakh, a decrease from ₹62.86 lakh in FY25. The Board of Directors approved the audited financial results at a meeting held on May 26, 2026.

For the quarter ended March 31, 2026, the company recorded a net loss of ₹88.68 lakh, in contrast to a net profit of ₹10.09 lakh in the preceding quarter ended December 31, 2025. Total income for Q4FY26 was negative at ₹(87.48) lakh, primarily due to negative other income. The Board has not proposed any dividend for the financial year.

M/s A.K Meharia & Associates, the Statutory Auditor, provided an unmodified opinion on the standalone financial results. The audit was conducted in accordance with the Standards on Auditing specified under section 143(10) of the Companies Act, 2013. The auditor confirmed that the results are presented in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's expenses for FY26 totaled ₹40.02 lakh, slightly higher than the ₹35.31 lakh recorded in the previous year. Employee benefit expenses increased to ₹18.57 lakh from ₹16.54 lakh. The basic earnings per share (EPS) for FY26 dropped to ₹1.54 from ₹3.74 in the previous year.

Assets and Liabilities

As of March 31, 2026, the company's total assets stood at ₹940.51 lakh, a marginal decrease from ₹944.90 lakh in the previous year. Investments constituted a significant portion of current assets at ₹827.71 lakh. The company held assets held for sale worth ₹97.43 lakh. Equity and liabilities totaled ₹940.51 lakh, with equity share capital remaining unchanged at ₹105.00 lakh.