Millennium Online Solutions (India) Limited has officially notified the Bombay Stock Exchange (BSE) about a change in its website domain, transitioning from www.mosil.co to www.mosilonline.in with immediate effect. The announcement was made on January 6, 2025, in compliance with regulatory requirements.

Regulatory Compliance and Notification Details

The company has submitted this notification under Regulation 30, 46, and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal communication was addressed to the Department of Corporate Service (DCS-CRD) at BSE, emphasizing the company's commitment to maintaining transparency and regulatory compliance.

Corporate Information Update Request

The company has specifically requested BSE to update the website information in the Corporate Information section of the company's profile on the BSE portal. This ensures that investors and stakeholders have access to the correct website information through official exchange channels.

Company Leadership and Authorization

The notification was signed by Harilal Singh, Whole-Time Director of Millennium Online Solutions (India) Limited, bearing DIN: 05124923. The document carries the official company stamp, validating the authenticity of the website change announcement.

Corporate Details

Millennium Online Solutions (India) Limited operates under CIN L99999MH1980PLC062779 and is headquartered at Flat No.53, 5th Floor, Wing No.11, Vijay Vilash Tores Building, Ghodbunder Road, Thane (West) 400615. The company maintains its email communications through mosilinfo@gmail.com and complianceatmillennium@gmail.com for compliance-related matters.

This website change represents a routine corporate update, ensuring that all stakeholders can access the company's official information through the updated web portal while maintaining full regulatory compliance.

Millennium Online Solutions (India) Limited has released its financial results for the first quarter, revealing a mixed performance across its standalone and consolidated operations.

Standalone Performance

In its standalone results, Millennium Online Solutions reported zero revenue from operations for the quarter. However, the company managed to narrow its net loss to Rs 5.22 lakhs, compared to a loss of Rs 5.38 lakhs in the same quarter of the previous year. This slight improvement came despite ongoing operational challenges.

The company's expenses for the quarter were primarily driven by:

• Employee benefits expenses: Rs 0.45 lakhs
• Other expenses: Rs 4.77 lakhs

Consolidated Results Show Promise

On a consolidated basis, which includes the performance of its subsidiary, Millennium Online Solutions demonstrated significant growth:

• Revenue from operations surged to Rs 50.67 lakhs, up from Rs 18.27 lakhs in the corresponding quarter last year, marking a substantial increase of 177.34%.
• Net loss reduced considerably to Rs 1.09 lakhs, compared to a loss of Rs 8.65 lakhs in the same period last year.

The consolidated results include the performance of one subsidiary, which contributed significantly to the group's financial position:

• Total assets of the subsidiary: Rs 255.90 lakhs
• Revenue generated by the subsidiary: Rs 150.67 lakhs

Key Financial Metrics

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their meeting. The company has adhered to the regulatory requirements by submitting its unaudited financial results in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Outlook

While the standalone operations continue to face challenges with zero revenue, the consolidated performance shows promising signs of growth. The significant increase in consolidated revenue and the reduced net loss indicate that the company's subsidiary operations are gaining traction in the market.

Investors and stakeholders will be watching closely to see if Millennium Online Solutions can maintain this growth trajectory and potentially turn its standalone operations around in the coming quarters.