we wish to inform you that pursuant to applicable provisions of SEBI LODR Regulations, the Board of Directors at their meeting held today i.e. 12th August, 2025 inter alia, considered and ....
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Milkfood Ltd's Board approved unaudited Q1 FY26 results (quarter ended June 30, 2025) with revenue from operations falling sharply to Rs 7,366 lakhs from Rs 9,605 lakhs in Q1 FY25, a decline of about 23%. The company swung to a net loss of Rs 69 lakhs compared to a profit of Rs 59 lakhs in the year-ago quarter, though a Rs 310 lakh write-back of old security deposits and a Rs 243 lakh reduction in depreciation from revising vehicle useful life (shown as other income) cushioned the bottom line. The statutory auditor issued a modified review report flagging the retrospective revision of vehicle useful life, and also drew emphasis of matter on GST disputes and the other income write-back. The Board also appointed Mrs. Jyotsna Bhatnagar as Independent Director, re-appointed MD Mr. Sudhir Avasthi for another 5 years, and named Mrs. Kamlesh Gupta as Secretarial Auditor.
Negative operational quarter with revenue contraction and a return to losses may weigh on near-term sentiment, though the loss is partly masked by non-recurring write-backs and a controversial accounting change. The auditor's modified opinion and emphasis of matter on GST (a Rs 1,896 lakh demand under appeal) are watchpoints for investors, while the ESOP grant of 12.18 lakh options introduces mild dilution overhang.