Valley Magnesite Company Ltd reported a net profit of ₹58.55 lakh for the quarter ended June 30, 2026, reversing a net loss of ₹88.68 lakh in the preceding quarter. The turnaround was driven exclusively by other income, which surged to ₹90.29 lakh from a negative ₹87.48 lakh in Q4 FY26. Revenue from operations remained at zero, signaling that the company’s current profitability is derived entirely from non-operating sources rather than core business activities. This dynamic highlights a reliance on volatile financial gains to sustain earnings in the absence of commercial sales.

The Board of Directors approved the unaudited standalone financial results during a meeting held on August 11, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results underwent a limited review by the statutory auditors, A. K. Meharia & Associates, Chartered Accountants, in accordance with Standard on Review Engagement (SRE) 2410. The auditors issued an unmodified conclusion under Regulation 52 of the SEBI LODR Regulations, stating that nothing came to their attention to suggest material misstatements.

Financial Performance Overview

Total income for the quarter stood at ₹90.29 lakh, comprising solely of other income as revenue from operations was nil. Total expenses amounted to ₹11.62 lakh, including employee benefits of ₹4.22 lakh, depreciation and amortization of ₹0.03 lakh, and other expenses of ₹7.37 lakh. Profit before tax was ₹78.67 lakh. After accounting for a total tax expense benefit of ₹20.12 lakh—primarily due to deferred tax credits—the net profit reached ₹58.55 lakh.

What the Numbers Show

The most critical observation is the complete absence of revenue from operations, which remained nil for the quarter, the previous quarter, and the entire fiscal year 2026. This indicates that Valley Magnesite Company Ltd is not generating income from its primary business activities. Consequently, the reported net profit is entirely dependent on other income, which fluctuated significantly—from a negative ₹87.48 lakh in Q4 FY26 to a positive ₹90.29 lakh in Q1 FY27. This volatility underscores that the company’s financial health is sustained by non-operating gains rather than sustainable core business performance.

Earnings per share (basic and diluted) rose to ₹5.58 per share in Q1 FY27, compared to a loss of ₹8.45 per share in the previous quarter. For the full fiscal year 2026, the company reported a net profit of ₹16.18 lakh on nil revenue, with total comprehensive income standing at ₹16.38 lakh. The paid-up equity share capital remains unchanged at ₹105.00 lakh.

Valley Magnesite Company Ltd has scheduled its 38th Annual General Meeting (AGM) for Monday, September 21, 2026, at 3:00 PM. The meeting will take place at the company’s registered office in Kolkata and will address resolutions pertaining to the financial year 2025-26. This gathering provides shareholders the opportunity to vote on key corporate matters and review the company’s performance for the concluded fiscal year.

The Board of Directors has defined specific timelines for shareholder participation and record-keeping. To determine eligibility for voting rights, the Register of Members will be closed from Monday, September 14, 2026, to Sunday, September 20, 2026. Both days are inclusive of the closure period. Shareholders holding shares either in physical form or dematerialized form as of the cut-off date will be entitled to vote on the resolutions set out in the AGM notice.

E-Voting Process

The company is facilitating remote participation through an electronic voting system. The e-voting facility is offered via the Central Depository Services Limited (CDSL) portal. The cut-off date for determining eligibility for e-voting is Monday, September 14, 2026.

The e-voting window operates within a specific timeframe distinct from the physical meeting date:

Shareholders must cast their votes within this window to ensure their preferences are recorded prior to the book closure end date.

Scrutinizer Appointment

To ensure the integrity and transparency of the voting process, the company has appointed Shri Anand Khandelia as the scrutinizer. He is a Practising Company Secretary with Membership Number FCS No. 5803. His role involves overseeing both the e-voting process and any physical polling conducted during the AGM to guarantee a fair outcome.

The intimation regarding the date, time, venue, and procedural details was communicated to the Bombay Stock Exchange and the Calcutta Stock Exchange on August 11, 2026. The notice was signed by Arun Kumar Agarwalla, Managing Director of Valley Magnesite Company Ltd.