Modern Dairies Announces Q1 Results, Reappoints Director, Approves Auditor Appointments
Modern Dairies Ltd. has announced its un-audited financial results for the quarter ended June 30, 2026, along with outcomes from a recent Board meeting. The company also finalized key appointments regarding its corporate governance structure, including the re-appointment of a director and the appointment of statutory and cost auditors.The Board of Directors held a meeting on August 11, 2026, to review and approve these results and subsequent operational matters.
Financial Performance Overview
The company released its standalone un-audited financial results for the three months ending June 30, 2026. The results were reviewed by the Audit Committee and approved by the Board.Key figures from the Statement of Un-Audited Financial Results are presented in Lacs:
| Particulars | 3 Months Ended June 2026 (Reviewed) | Preceding 3 Months Ended March 2026 (Audited) | Corresponding 3-Month Period in Previous Year (Reviewed) | Previous Financial Year Ended March 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 91,26.63 | 92,18.01 | 78,30.28 | 3,39,92.34 |
| Other Income | 29.76 | 35.36 | 13.57 | 1,29.36 |
| Total Income | 91,56.39 | 92,53.37 | 78,43.85 | 3,41,21.70 |
| Cost of materials consumed | 71,71.95 | 80,97.52 | 60,57.23 | 2,744,711 |
| Changes in inventories | (34.12) | (6,77.42) | 73.31 | (3,82.12) |
| Employee benefits expense | 4,26.80 | 4,20.38 | 3,99.36 | 16,28.37 |
| Finance costs | 28.50 | 30.00 | 23.86 | 1,11.64 |
| Depreciation/ Impairment Loss | 79.00 | 77.96 | 83.70 | 3,26.23 |
| Other expenses | 11,79.71 | 12,10.91 | 9,97.26 | 43,16.96 |
| Total expenses | 88,51.84 | 91,59.35 | 76,34.72 | 3,34,48.19 |
| Profit before tax | 3,04.55 | 94.02 | 2,09.13 | 6,73.51 |
| Profit for the period (Net) | 2,13.70 | 32.47 | 1,65.06 | 4,88.41 |
Governance and Appointments
The Board meeting addressed several matters related to company appointments and future meetings.Director Re-appointment:
Mr. Ashwani Kumar Aggarwal was re-appointed as Executive and Whole-Time Director of the Company for a term of three years. His tenure, subject to shareholder approval, extends until the conclusion of the Annual General Meeting to be held in 2029. Mr. Aggarwal is noted to be a Dairy Technologist with extensive experience in international dairy business, and he has been associated with the company since its inception.
Auditor Appointments:
The Board approved the appointment of M/s Sanjeev Sharma & Associates, Chartered Accountants (Firm Registration No. 12326N), as the Statutory Auditors for a term of one year. This appointment is effective from the conclusion of the forthcoming Annual General Meeting and extends until the conclusion of the Annual General Meeting in 2027.
Furthermore, M/s K K Sinha & Associates, Cost Accountants (Firm Regd No 100279), were appointed as the Cost Auditors for the Financial Year 2026-27.
The Board also approved the Director's Report and Corporate Governance Report for the financial year ended March 31, 2026. Additionally, M/s Sanger & Associates was appointed as a scrutinizer for the 34th Annual General Meeting of the company.
Future Meetings
The notice of the 34th Annual General Meeting of the shareholders is scheduled to be held on Saturday, September 26, 2026, at 11:00 a.m., through Video Conferencing or other Audio Visual means. The closure dates for the Register of Members and Share Transfer books have been fixed from September 20, 2026, to September 26, 2026.Stock Price Movement
Modern Dairies Ltd settled at the close of trade today at ₹28.28, marking a solid gain of 3.06%. The shares traded within an intraday range, moving between a low of ₹26.80 and a high of ₹28.36.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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