MFS Intercorp Limited has announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. The company's Board of Directors approved these results during a meeting held on February 13, 2026, pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015.

Q3 FY26 Financial Performance

The company reported challenging financial performance during the third quarter of FY26. MFS Intercorp recorded no revenue from operations, marking a significant decline from ₹5.84 lakhs reported in Q3 FY25. The company's only income source was other income of ₹0.04 lakhs, resulting in total income of ₹0.04 lakhs for the quarter.

Expense Analysis

Total expenses for Q3 FY26 increased to ₹9.95 lakhs from ₹6.72 lakhs in the corresponding quarter of the previous year. The primary expense components included employee benefits expenses of ₹9.56 lakhs, significantly higher than ₹2.49 lakhs in Q3 FY25. Other expenses amounted to ₹0.39 lakhs compared to ₹4.23 lakhs in the previous year quarter.

Nine-Month Performance

For the nine-month period ended December 31, 2025, MFS Intercorp's financial performance showed deterioration compared to the previous year. The company reported no revenue from operations during this period, compared to ₹21.90 lakhs in the corresponding nine-month period of FY25.

Earnings Per Share Impact

The company's earnings per share (EPS) reflected the challenging financial performance. Basic and diluted EPS for Q3 FY26 stood at -₹0.23 compared to -₹0.02 in Q3 FY25. For the nine-month period, EPS declined to -₹0.65 from a positive ₹0.003 in the corresponding period of the previous year.

Regulatory Compliance and Auditor Review

The financial results were reviewed and recommended by the Audit Committee before Board approval. H. G. Sarvaiya & Co., Chartered Accountants, conducted a limited review of the unaudited standalone financial results. The auditors confirmed that the results comply with Indian Accounting Standards and SEBI regulations, with no material misstatements identified during their review process.

The company operates primarily in trading of goods as a single business segment, and the results were prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015.

MFS Intercorp Limited's Board of Directors approved significant corporate restructuring measures during their meeting on January 29, 2026, including a substantial increase in authorized share capital and the initiation of postal ballot procedures for shareholder approval.

Authorized Capital Expansion

The board approved a significant expansion of the company's authorized share capital, representing a strategic move to enhance the company's financial capacity. The proposed increase will substantially expand the company's equity base.

This expansion will increase the authorized capital from ₹5,00,00,000 (Rupees Five Crores Only) to ₹15,10,00,000 (Rupees Fifteen Crores Ten Lakh Only), effectively tripling the company's authorized share capital. The number of equity shares will increase from 50,00,000 (Fifty Lakhs) to 1,51,00,000 (One Crore Fifty-One Lakhs), while maintaining the face value of ₹10 per share.

Postal Ballot Process and Governance

The board approved the postal ballot notice along with explanatory statements to seek shareholder approval for the proposed changes. This decision ensures compliance with regulatory requirements and provides shareholders with the opportunity to participate in the decision-making process.

The board appointed Mr. Ankurkumar Gandhi, a Practicing Company Secretary from M/s. Ankur Gandhi & Associates, as the scrutinizer for the postal ballot process. His role will be to ensure the voting process is conducted in a fair and transparent manner, maintaining the integrity of shareholder participation.

Meeting Details and Next Steps

The board meeting was conducted efficiently, commencing at 10:00 a.m. and concluding at 10:50 a.m. on January 29, 2026. The decisions were made in compliance with Regulation 30 read with Schedule III and Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The proposed increase in authorized capital and consequent alteration of the Memorandum of Association are subject to approval by the company's members through the postal ballot process. The company will proceed with the postal ballot mechanism to obtain the necessary shareholder approvals for implementing these corporate actions.