Milgrey finance & investments Ltd has announced significant corporate developments following its board meeting held on January 29, 2026. The board meeting, which commenced at 5 PM and concluded at 6:10 PM, resulted in two major strategic decisions that will reshape the company's capital structure and business operations.

Board Approves Share Capital Enhancement

The board of directors approved a substantial increase in the company's authorized share capital structure. The proposal involves expanding the authorized share capital from the current Rs. 36 crore to Rs. 65 crore, representing a significant enhancement in the company's capital base.

Memorandum of Association Alteration for VDA Operations

The board approved comprehensive alterations to the company's Memorandum of Association to include Virtual Digital Assets (VDAs) as a new main business object. This strategic expansion will enable the company to operate in the cryptocurrency and blockchain technology sector.

Core VDA Business Activities

The new main object encompasses a broad range of digital asset operations:

• Acquisition, holding, investment, and management of Virtual Digital Assets including Bitcoin, cryptocurrencies, digital tokens, and non-fungible tokens
• Operations involving stable coins and digital representations of value created through blockchain and distributed ledger technologies
• Strategic, operational, treasury, and investment purposes for VDA holdings

Ancillary Operations Framework

The company will implement comprehensive ancillary operations to support its VDA business:

Infrastructure and Management:

• Formulation and implementation of internal VDA policies
• Appointment of custodians, trustees, exchanges, and wallet-service providers
• Management of digital wallets, custodial accounts, and multi-signature wallets

Investment and Treasury Operations:

• Investment in VDA-denominated instruments and staking pools
• Hedging and risk-mitigation strategies for VDA holdings
• Treasury management including derivatives and insurance instruments

Compliance and Regulatory Framework:

• Compliance with KYC, AML/CFT, and PMLA obligations
• Regulatory filings, disclosures, and reporting requirements
• Valuation and accounting of VDAs per applicable standards

Strategic Positioning and Implementation

The approved alterations position Milgrey Finance to participate in various aspects of the digital asset ecosystem. The company will be authorized to engage with blockchain networks, VDA protocols, validators, and DeFi technology providers. Additionally, the framework allows for financing, lending, and collateralization of VDAs subject to applicable legal requirements and board approval.

Both the share capital increase and MOA alterations are subject to approval from shareholders and other applicable regulatory authorities. These strategic decisions reflect the company's commitment to expanding its business operations into emerging financial technologies while strengthening its capital foundation for future growth initiatives.

Milgrey Finance & Investments Limited has delivered impressive financial results for the quarter ended September 30, 2025, showcasing strong profitability growth and improved operational performance.

Strong Quarterly Performance

Milgrey Finance & Investments posted a net profit of ₹39.12 lakh for Q2 FY26, marking a substantial 85.8% increase compared to the corresponding quarter of the previous year. The company's total income surged by 209.4% to ₹73.57 lakh, primarily driven by growth in other income.

The company's revenue structure remained focused on other income, with no revenue from operations reported during the quarter.

Half-Year Results Show Continued Momentum

For the six-month period ended September 30, 2025, the company demonstrated sustained growth momentum. Net profit for the half-year reached ₹103.10 lakh, representing a remarkable 142.0% increase from ₹42.61 lakh in the corresponding period of the previous year.

Financial Position and Balance Sheet Strength

As of September 30, 2025, the company's balance sheet showed total assets of ₹7,731.65 lakh compared to ₹7,398.44 lakh as of March 31, 2025. The company's financial assets primarily comprised loans and advances worth ₹7,494.32 lakh and cash and cash equivalents of ₹221.06 lakh.

Earnings Per Share and Tax Management

The company's earnings per share (EPS) for Q2 FY26 stood at ₹0.18 for both basic and diluted calculations, compared to ₹0.10 in the corresponding quarter last year. For the half-year period, EPS reached ₹0.48, significantly higher than ₹0.20 in the previous year.

The company's paid-up equity share capital remained stable at ₹2,154.13 lakh with a face value of ₹10 per share. Current tax expenses for the quarter were ₹13.25 lakh compared to nil in the corresponding quarter of the previous year, reflecting improved profitability and tax obligations.

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors on December 23, 2025. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The company's auditors, K S Subrahmanyam & Co., conducted the review and found no material misstatements in the unaudited financial results.