Outcome of the Board Meeting held on 28th May, 2025.

Modern Insulators Ltd's board, on May 28, 2025, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations grew about 13.5% to Rs. 50,325.16 lacs (from Rs. 44,329.33 lacs), while reported PAT rose to Rs. 3,921.73 lacs (from Rs. 3,649.13 lacs), aided by an exceptional item of Rs. 692.23 lacs (interest on prior-year tax refunds). EPS stood at Rs. 8.32 vs Rs. 7.74. Both Insulators and Terry Towels segments posted higher revenues and profits. The board also re-appointed M/s Rajesh & Company as Cost Auditor for FY 2025-26. Notably, the statutory auditor issued a qualified opinion on both standalone and consolidated results because the company has not made a tax provision of Rs. 1,915.17 lacs for FY25 (cumulative Rs. 11,844.19 lacs), citing a proposed amalgamation. Without this tax adjustment, standalone PAT would fall to Rs. 2,006.56 lacs and EPS to Rs. 4.26. The company also has an interest-free unsecured loan of Rs. 6,984 lacs outstanding to a Section 189 related party and Rs. 843.50 lacs to its wholly-owned subsidiary, both linked to the proposed amalgamation with no fixed repayment terms.