Pursuant to Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company in its Board meeting ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 9.8 pts less than Nifty Microcap 250 and 10.0 pts less than its Dairy Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Modern Dairies reported Q1 FY26 revenue from operations of Rs 7,830.28 Lacs, down about 17% from Rs 9,443.36 Lacs in the same quarter last year. Profit before tax fell sharply to Rs 209.13 Lacs vs Rs 385.85 Lacs YoY, and net profit stood at Rs 165.06 Lacs (vs Rs 385.85 Lacs), translating to an EPS of Rs 7.52. The auditor APT & Co LLP issued an unmodified (clean) limited review report with no qualifications. The Board also noted an ongoing Milk Cess dispute with the Haryana government, where the latest demand stands at Rs 544.31 Crore; the company has cumulatively provisioned Rs 21.42 Crore, including Rs 11.81 Lacs added this quarter, while the matter remains pending in the Supreme Court and Punjab & Haryana High Court.
Weak top-line and margin pressure are negatives for near-term sentiment, though the clean audit report and absence of fresh negative surprises provide some comfort. The large pending Milk Cess demand remains a key overhang for shareholders.