MPIL Corporation Limited has announced a board meeting scheduled for February 10, 2026, to review its quarterly financial performance. The company issued an official notice to BSE Limited on February 02, 2026, informing about the upcoming board deliberations in compliance with regulatory requirements.

Meeting Details and Agenda

The board meeting has been convened in accordance with Regulation 29 read with Regulation 47 of SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015. The primary agenda items for the meeting include:

Regulatory Compliance

The announcement demonstrates MPIL Corporation's adherence to SEBI's disclosure requirements for listed companies. The notice was formally communicated to BSE Limited, where the company's shares are traded under scrip code 500450. This regulatory filing ensures transparency and keeps stakeholders informed about significant corporate developments.

Corporate Information

MPIL Corporation Limited operates from its registered office at Udyog Bhavan, Ballard Estate, Mumbai, with its corporate office located at Hamilton House in the same area. The company, incorporated in 1959, carries the Corporate Identification Number L74299MH1959PLC163775. Chairman Milan Dalal, holding DIN 00062453, signed the official notice announcing the board meeting.

The scheduled meeting represents a routine corporate governance practice, allowing the board to formally review and approve the company's financial performance for the third quarter of fiscal year 2026. Stakeholders and investors will await the outcomes of this meeting for insights into the company's operational and financial performance during the specified period.

MPIL Corporation Limited has announced significant changes to its board composition, reported a turnaround in its quarterly financial results, and revealed plans for business expansion.

Board Restructuring and New Appointment

The company has appointed Mr. Devanshu Desai as an Additional Independent Director, effective August 05, 2025, subject to shareholder approval. Mr. Desai, a 63-year-old legal expert with over three decades of experience, will fill the vacancy created by the departure of Mr. Kailasam Krishnamoorthy, whose term as Independent Director concludes on October 09, 2025.

Following this appointment, MPIL Corporation has restructured its committee compositions:

• Audit Committee: Mr. Keshav Jetsey (Chairman), Mr. Devanshu Desai (Member), Mr. Radheshyam Swami (Member)
• Nomination, Remuneration and Compensation Committee: Mr. Keshav Jetsey (Chairman), Mr. Milan Dalal (Member), Mr. Devanshu Desai (Member)
• Risk Management Committee: Mr. Milan Dalal (Chairman), Mr. Keshav Jetsey (Member), Mr. Devanshu Desai (Member)

Q1 Financial Results

For the quarter ended June 30, 2025, MPIL Corporation reported a significant improvement in its financial performance:

The company has turned a profit of ₹12.00 lacs in Q1 2025-26, compared to a loss of ₹236.00 lacs in the previous quarter. The total income for the quarter stood at ₹38.00 lacs.

Investment and Business Expansion

In a strategic move, the Board of Directors has approved an investment of up to ₹10.00 crores in Grishma Constructions & Trading Private Limited. This investment is aimed at expanding the company's business operations.

Annual General Meeting

MPIL Corporation has scheduled its 66th Annual General Meeting for September 22, 2025. The Register of Members and Share Transfer Books will remain closed from September 15, 2025, to September 22, 2025 (both days inclusive) for the purpose of the AGM and dividend distribution to shareholders.

MPIL Corporation continues to demonstrate its commitment to transparency and corporate governance through these announcements and changes. Shareholders and investors will be keenly watching how these developments impact the company's future performance and growth trajectory.