Valley Magnesite Company Limit

Classified as an investment company in the Financial Services sector, the entity reports its income entirely from non-operational sources. Revenue from operations was nil across Q3 FY26 and the nine-month period, with all ₹22.46 lakh in Q3 FY26 and ₹134.34 lakh for 9M FY26 booked as 'other income' — indicating that earnings are driven by investment and treasury activity rather than any core business. For full year FY26, total income stood at ₹46.86 lakh and net profit at ₹16.18 lakh, with basic and diluted EPS of ₹1.54. The cost base consists of employee expenses at 39.6% of revenue and other operating expenses at 45.2%, with no material input costs and no capital expenditure. The company is small by listed-company standards, with paid-up equity capital of ₹1.05 crore and net worth of ₹9.32 crore, which places it below SEBI thresholds for several disclosure requirements. The Board has not recommended any dividend, and has approved voluntary delisting of equity shares from the Calcutta Stock Exchange while continuing to remain listed on BSE.