Binny Limited, the heritage company established in 1799, has announced a board meeting scheduled for March 17, 2026, to review its quarterly financial performance. The meeting will focus on considering and approving the unaudited financial results for the quarter ended December 31, 2024.

Regulatory Compliance and Meeting Details

The board meeting has been convened in strict adherence to regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has specifically cited compliance with Regulation 29(1)(a) and Regulation 33, which govern the disclosure of board meetings and financial results respectively.

Corporate Communication

The formal intimation was communicated to BSE Limited on March 09, 2026, through an official letter signed by Sathyanarayanan Balakrishnan, Whole Time Director of the company. The communication was addressed to the Manager of Corporate Service Department at BSE Limited's Phiroze Jeejee Bhoy Towers in Mumbai.

Company Profile

Binny Limited operates under CIN number L17111TN1969PLC005736 and trades on BSE with scrip code 514215. The company's registered office is located at No.1, Cooks Road, Perambur, Chennai - 600 012. As a heritage company with over two centuries of operations, Binny Limited maintains its corporate presence through established communication channels and regulatory compliance frameworks.

Next Steps

Following the board meeting on March 17, 2026, the company is expected to announce its unaudited financial results for the quarter ended December 31, 2024. The results will provide stakeholders with insights into the company's operational and financial performance during the reviewed period.

Binny Limited, the Chennai-based real estate company established in 1799, has completed the mandatory newspaper publication of its unaudited financial results for the quarter ended September 30, 2024. The company published the results extract in Business Standard (English) and Makkalkural (Tamil) newspapers on March 6, 2026, in compliance with Regulation 47 of SEBI Listing Regulations.

Financial Performance Overview

The company's financial performance for the half-year period showed mixed results compared to the previous year:

For the quarter ended September 30, 2024, the company reported a net profit of ₹244.01 lakhs with revenue from operations of ₹836.99 lakhs. The quarterly performance showed earnings per share of ₹1.09 on a face value of ₹5 per share.

Regulatory Compliance and Publication

Pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Binny Limited submitted the newspaper publication copies to BSE Limited on March 6, 2026. The company's scrip code is 514215, and it maintains its registered office at No.1, Cooks Road, Perambur, Chennai - 600 012.

Revenue Recognition and Joint Development Agreement

The revenue from operations for the period consists primarily of amounts recognized under the Second Amended and Reinstated Joint Development Agreement dated August 6, 2025, totaling ₹2,784.09 lakhs during the quarter and half-year ended September 30, 2024. This settlement was facilitated through a Special Committee headed by Hon'ble Retired Justice Bhaskar, which appointed independent valuers for comprehensive valuation.

The agreement structure includes:

• Phase I: Up to 53.18 lakh sq. ft. of saleable area settled through lump sum payment
• Phase II: Balance saleable area from total 120 lakh sq. ft. developed under area sharing model

Under Phase I development, SPR Construction Pvt Ltd will settle ₹30,000 lakhs in addition to ₹62,351.95 lakhs as the company's share, determined through Discounted Cash Flow (DCF) valuation methodology.

Balance Sheet Position

The company's balance sheet as of September 30, 2024, reflects a strong asset base:

Settlement Scheme Implementation

The company continues implementing its settlement scheme with Mohan Breweries and Distilleries Limited (MBDL), approved by public shareholders on October 9, 2021. Key developments include:

• Windmill Land: Out of 850 acres, 800 acres sold for ₹31 crores with balance 50 acres under sale
• Chengalpet Land: Sale deeds executed for entire 112.72 acres for ₹22,205.67 lakhs following Securities Appellate Tribunal directions
• Valasaravakkam Land: 12.43 acres valued at ₹26,500 lakhs planned for residential development under Joint Development model

Legal Proceedings and Recovery Actions

Binny Limited has initiated insolvency proceedings under the Insolvency and Bankruptcy Code against RRB Energy Limited for recovery of ₹2,918.05 lakhs plus 24% annual interest, totaling ₹6,061.05 lakhs. The National Company Law Tribunal (NCLT), New Delhi, admitted the application with the next hearing scheduled for March 27, 2026.

Auditor Qualifications

The independent auditor's review report contains qualified conclusions regarding several matters including unregistered land parcels worth ₹26,765.00 lakhs, revenue recognition issues with Sanklecha Infra Projects Private Ltd involving ₹1,912 lakhs, and school operation revenue under Joint Development Agreement with SPR Constructions Private Limited.

The Board of Directors approved these results on March 4, 2026, with the company operating solely in the real estate business segment according to Ind AS 108 requirements.