outcome of Board Meeting - Financial Results quarter ended 31-12-2025
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The Board of Directors of Binny Mills Ltd approved the standalone unaudited financial results for the quarter ended 31 December 2025, along with the Limited Review Report from M/s. Ramesh & Ramachandran, Chartered Accountants. The company reported a net loss of approximately Rs. 1,023 lakhs for the nine-month period ended Dec 2025, an improvement from a Rs. 1,371 lakh loss in the same period last year. The balance sheet shows deeply negative total equity of roughly Rs. (23,955) lakhs as at 31 Dec 2025, indicating negative net worth. Pending litigation exists at the City Civil Court, Chennai, and there are unresolved employee salary disputes for 10 staff. A demerger-related recoverable of Rs. 9.73 crores from holding company Binny Limited remains pending, and the company has set aside Rs. 7.41 crores as provision.
Shareholders should note that the company remains loss-making with a deeply negative net worth (~Rs. 240 crores), which is a serious going concern flag. While losses are narrowing year-on-year, unresolved demerger liabilities, pending court cases, and weak balance sheet suggest meaningful downside risk and limited near-term re-rating prospects.