Milton Industries Approves FY2026 Financial Results and Re-appoints Vijay Pal Jain as Managing Director

Milton Industries Approves FY2026 Financial Results and Re-appoints Vijay Pal Jain as Managing Director​

Milton Industries Limited has announced the outcomes of its Board of Directors meeting held on May 28, 2026. The board approved the Audited Standalone Financial Statements for the financial year ended March 31, 2026, and adopted the Auditor's Report, which provided an unmodified opinion on both the half-year results and the full fiscal year results.

A significant governance decision was the unanimous approval of the re-appointment of Mr. Vijay Pal Jain as Managing Director for a period of three consecutive years, effective from July 14, 2026, to July 13, 2029. The appointment followed the recommendation of the Nomination and Remuneration Committee. Additionally, the board approved the removal of Mr. Ronak Maheshwari as Company Secretary and Compliance Officer.

Financial Highlights for FY Ended March 31, 2026​

The company presented its audited results for the financial year ended March 31, 2026, along with the unaudited figures from the half-year period ending March 31, 2026. The financials show data segmented across Laminate Division, Rexine Division, and GFRE Division.

Key performance indicators related to profitability for the fiscal year ended March 31, 2026, are summarized below:


The company's financial stability was also reflected in its balance sheet as of March 31, 2026. Total Equity and Liabilities stood at 7,498.55 Crores (Amount in Lakhs), supported by Assets totaling 7,498.55 Crores.

A breakdown of the equity structure shows:

Operational and Cash Flow Details​

The company's cash flow statement details the movement in cash across different activities for the fiscal year ending March 31, 2026. Total Net Cash from Operating Activities was reported at 791.04 Crores (Rs. in Lakhs).

Key components of the financial statements include:

• Financing Activities: The company recorded a Net Cash Surplus in Financing Activities of (505.12) Crores (Rs. in Lakhs), stemming from proceeds from borrowings and working capital finance, alongside interest payments.
• Investigating Activities: Investment activities included cash outflows for the Purchase of Fixed Assets at (82.74) Crores (Rs. in Lakhs).

The company also provided details regarding related party transactions, including sales to Mass Transit Equipment India LLP and various salary and interest expense dealings with designated parties.

MILTON Stock Price Movement​

Shares of Milton Industries Limited are edging higher to ₹40 as of 12:14 PM today, climbing following a morning gain of 2.56%. The equity trades on a volume of 4,400 shares in the current market phase.