Outcome of Board meeting -Unaudited financial result for the quarter ended 31/12/2025
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Awaiting price reaction for this filing.
The Board of Directors of Binny Mills Limited approved the standalone unaudited financial results for the quarter ended 31st December 2025, along with the Limited Review Report issued by statutory auditors M/s Ramesh & Ramachandran, Chartered Accountants. The company is a 'Resulting Company' formed out of a demerger scheme from erstwhile Binny Limited, and continues to carry significant legacy issues, including pending litigations in the City Civil Court, Chennai against which a provision of Rs 7.41 crores has been made in the books. An amount of Rs 9.73 crores remains recoverable from the related party, Binny Limited. The balance sheet reveals negative other equity (around Rs 237 crores), indicating deeply eroded net worth, and the quarterly results show losses before tax, pointing to continued operational stress. The Limited Review Report contains a clean ('nothing has come to our attention') opinion with no qualifications.
Despite a clean auditor review, the deeply negative net worth and ongoing quarterly losses point to serious financial weakness for shareholders. Recovery from the related party and outcome of pending litigations remain key swing factors for the stock; near-term price action is likely to be cautious given solvency concerns.