NewsStocksMPIL Corporation Appoints Devanshu Desai as Director, Reports Q1 Profit, and Announces Investment PlansMPIL Corporation Appoints Devanshu Desai as Director, Reports Q1 Profit, and Announces Investment Plans
MPIL Corporation has appointed Devanshu Desai as Additional Independent Director and restructured its board committees. The company reported a profit of ₹12.00 lacs in Q1 2025-26, reversing previous quarter's loss. Board approved investment of up to ₹10.00 crores in Grishma Constructions & Trading Private Limited for business expansion. The 66th Annual General Meeting is scheduled for September 22, 2025.
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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:
| Particulars (₹ in Lacs) | Q1 2025-26 | Q4 2024-25 | Q1 2024-25 |
|---|---|---|---|
| Total Income | 38.00 | 38.00 | 35.00 |
| Total Expenses | 26.00 | 274.00 | 32.00 |
| Profit/(Loss) Before Tax | 12.00 | (236.00) | 7.00 |
| Net Profit/(Loss) | 12.00 | (236.00) | 6.00 |
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.
Historical Stock Returns for MPIL Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.80% | +5.82% | +0.72% | -11.69% | -3.64% | +149.68% |
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