Announced Fri, 14 Nov · 17:58 IST

We wish to inform you that the Board of Directors at their Meeting held on Friday, 14th November, 2025 has approved Approved the Un-Audited Financial Results and Limited Review Report ....

Pat NegativeRevenue DeclineNegative Operating CashflowResults View source PDF

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AI summary

The Board of Directors of MSL Global Limited approved the unaudited financial results for the quarter and half-year ended 30th September 2025 on 14th November 2025. The company, which has recently changed its name from Madhusudan Securities Limited, reported nearly negligible operating income of Rs 0.10 lakhs in H1 FY26, down sharply from Rs 1.19 lakhs in H1 FY25. Standalone net loss stood at Rs 15.04 lakhs for H1 FY26 versus a profit of Rs 42.22 lakhs in the same period last year. On a consolidated basis, the loss widened to Rs 49.16 lakhs, largely due to a Rs 34.12 lakh share of losses from associate company Compliance Kart Private Limited (in which MSL holds over 51%). The auditor S.V. Bhat & Co. issued an unqualified review report with no modifications.

Likely market impact

The results are weak — the company swung to a loss, revenue is near zero, and operating cash flow is negative. However, the company raised Rs 805.50 lakhs through equity share and warrant issues, strengthening cash reserves from Rs 134.39 lakhs to Rs 538.86 lakhs. Shareholders should note continued losses, dependency on associate company performance, and the company's pivot from securities trading activity.