Intimation of appointment of company secretary and compliance officer
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Awaiting price reaction for this filing.
At a board meeting on May 29, 2025, Binny Mills approved the audited financial results for Q4 and FY ending March 31, 2025. Mrs. G. Geetha (ACS, M.Com, M.Phil) was appointed as the new Company Secretary cum Compliance Officer, while the resignation of Mr. S. Vivekanandan as Assistant Company Secretary was accepted effective June 17, 2025. M/s. Elangovan and Associates was appointed as Secretarial Auditor for 5 years, and M/s T Balaji and Associates as Internal Auditor for FY26. On financials, FY25 total income rose to Rs. 12.66 crore (from Rs. 8.53 crore in FY24), but the company reported a net loss of Rs. 12.71 crore, narrower than the Rs. 15.11 crore loss in FY24. The company also flagged Rs. 9.73 crore recoverable from parent Binny Limited related to a demerger scheme, of which Rs. 7.41 crore has been provisioned.
Operational KMP reshuffle is routine and unlikely to move the stock materially. The narrowing of losses is mildly positive, but the company carries deeply negative net worth (Rs. (228.59) crore), ongoing demerger-related receivables exposure to parent Binny Limited, and pending litigation risks that remain key overhangs for shareholders.