MPIL Corporation Ltd Approves Quarterly Results and Announces Changes in Key Managerial Personnel
MPIL Corporation Limited has approved its unaudited financial results for the quarter ended June 30, 2026. Concurrently, the company announced a transition in its senior management, accepting the resignation of Mr. Hiren Desai and appointing Miss Saloni Shah as a Key Managerial Personnel.The Board of Directors reviewed and approved the unaudited financial statements alongside the Auditors Review Report during a meeting held on August 10, 2026. The results were vetted by M. D. Pandya & Associates.
Financial Performance Highlights
For the quarter ended June 30, 2026, MPIL Corporation reported key figures across operations and income.The Unaudited Financial Results are presented in ₹ Lacs:
| Particular | Quarter Ended 30-Jun-26 (Unaudited) |
|---|---|
| Net Sales/Income from Operations | 1.00 |
| Other Operating revenue | 200.00 |
| Total Revenue from Operations | 2.00 |
| Other Income | 17.00 |
| Total Income | 19.00 |
| Total Expenses | 36.00 |
| Profit/(Loss) before tax | (17.00) |
The company's total comprehensive income for the period stood at (17.00). The Earnings Per Share, both basic and diluted, were reported as (2.98) ₹/- each.
Management Changes Announced
MPIL Corporation announced two significant changes regarding its Key Managerial Personnel (KMP) on August 10, 2026.The company accepted the resignation of Mr. Hiren Desai from the post of Company Secretary and Compliance Officer. He was relieved from his services as of close of business hours on Monday, August 10, 2026.
In addition, the Board of Directors appointed Miss Saloni Shah as Company Secretary and Compliance Officer, designated as Key Managerial Personnel, effective immediately. Miss Shah is a qualified Company Secretary (Mem. No. A38207) with over 15 years of experience in Accounts, Finance, Auditing, and Taxation.
Stock Price Movement
At 11:58, shares of MPIL Corporation Ltd are sliding lower, currently standing at ₹342.15, down 4.96%. The stock has traded within a tight intraday range, hitting lows of ₹342.00 and highs of ₹342.15.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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