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Awaiting price reaction for this filing.
Muller & Phipps (India) Limited has filed its 108th Annual Report for the financial year ended March 31, 2025. Sales grew to ₹591.60 lakhs from ₹414.07 lakhs (up ~43%), driven by new oral care brand launches, but the company swung to a net loss of ₹74.83 lakhs compared to a prior year profit of ₹72.98 lakhs (which included a ₹40 lakh exceptional item). No dividend has been recommended due to carried forward losses. Both wholly-owned subsidiaries — Muller and Phipps Agencies Ltd and Muller and Phipps Industrial Services Ltd — also reported losses. The 108th AGM is scheduled for September 23, 2025 via video conferencing, with shareholders being asked to approve the appointment of Mrs. Hinal Shah as Woman Independent Director, Sanjay Soman & Associates as Secretarial Auditor for FY 2025-26 to 2029-30, and related party transactions with Foods and Inns Limited for commission on sale of goods up to ₹5 crores.
Positive revenue growth from new product launches is encouraging, but persistent losses and no dividend are negative for shareholders. Shareholders should note the proposed related party transactions with Foods and Inns Ltd and key board changes, including the cessation of Whole Time Director Mr. P V Mohan and appointment of a new Company Secretary.