Audited financial results for the quarter ended 31-03-2025
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Binny Mills Ltd announced its audited financial results for Q4 and FY ended March 31, 2025. Total income for FY25 stood at Rs. 723.79 lakhs, up from Rs. 612.18 lakhs in FY24. Despite higher revenue, the company posted a net loss of Rs. (1,270.36) lakhs for FY25, though this was an improvement over the Rs. (1,456.54) lakhs loss in FY24. The balance sheet shows deeply negative other equity of Rs. (23,117.12) lakhs, reflecting years of accumulated losses. The company created a Rs. 7.41 crore provision against Rs. 9.73 crore recoverable from its parent Binny Limited under a demerger scheme. Additionally, the board approved the appointment of Mrs. G. Geetha as new Company Secretary, M/s. Elangovan and Associates as Secretarial Auditor (5-year term), and M/s. T. Balaji and Associates as Internal Auditor for FY26. The Assistant Company Secretary Mr. S. Vivekanandan resigned effective June 17, 2025.
Shareholders should note that while losses have narrowed, the company continues to report significant losses and carries negative net worth, signalling ongoing financial weakness. The change in Company Secretary and pending transition of KMP may create short-term compliance noise but the statutory auditor (Ramesh & Ramachandran) has issued an unmodified opinion.