Binny Mills Ltd Announces Q1 Unaudited Results and Appoints Dr. T. Bhasker Raj as Additional Director
Binny Mills Limited (BML) announced the approval of its Unaudited Financial Results for the quarter ending June 30, 2026. The company also confirmed the appointment of Dr. T. Bhasker Raj as an Additional Director. These updates were part of the Board meeting held on July 31, 2026.The board's decisions included reviewing and approving the company’s financial performance for the quarter, setting the date for the upcoming Annual General Meeting (AGM), and appointing a new director to the management team.
Financial Performance Highlights
The Unaudited Financial Results for the quarter ended June 30, 2026, showed various metrics across the period. The data provided reflects standalone Ind AS financial results in Lakhs:| Particulars | Quarter Ended March 31, 2026 | Quarter Ended June 30, 2025 (Unaudited) | Quarter Ended June 30, 2026 (Audited) |
|---|---|---|---|
| Total Income Liabilities of Directors | 227.12 | 433.12 | 155.99 |
| Net Profit/(Loss) of the period (before tax, after extraordinary items) | 125.65 | (921.36) | (117.41) |
| Net Profit/(Loss) for the quarter (including ordinary income) | (253.65) | (921.36) | (1,097.43) |
| Operating Income per share (for the period) | (289.56) | (1,097.05) | 1287.31 |
| Paid up Equity Share Capital | 256.33 | 258.00 | 338.E5 |
| Reserves (excluding Retained Earnings) | - | - | (25,059.16) |
The company also provided figures regarding the capital structure and borrowings. Paid up Equity Share Capital stood at 256.33 Lakhs for the period ending March 31, 2026. The company's obligations included a working capital limit of NA and a secured credit facility of 7 Lakhs.
Director Appointment Details
Dr. T. Bhasker Raj (DIN: 02724086) was appointed as an Additional Director (Non-Executive, Non-Independent) with effect from July 31, 2026. His profile includes extensive experience in corporate management, business administration, and strategic planning, having served on the boards of various companies.Regarding director relationships, Dr. T. Bhasker Raj is related to Mr. V. R. Venkataachalam, Director, as his sister's son, and is also related to Ms. Samyuktha, Managing Director, as her cousin. The company affirmed that Dr. T. Bhasker Raj is not debarred from holding the office of Director by any regulatory authority.
General Business Updates
The Board meeting also decided that the next Annual General Meeting (AGM) will be held on Monday, August 31, 2026, and it will be conducted through Video conferencing or other Audio-Visual Means.Stock Price Movement
Binny Mills Ltd concluded trading on Monday having fallen to ₹340.00, marking a 3.27% drop. The shares moved throughout the day, fluctuating between an intraday low of ₹340.00 and a high of ₹360.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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