Modern Insulators Declares Unaudited Q1 FY27 Results
Modern Insulators Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors also approved the notice for the 41st Annual General Meeting, the Board of Directors' Report, and the Annual Report for the Financial Year 2025-26. The company's statutory auditor, R B Verma & Associates, provided a limited review report on the financial results. A significant note in the auditor's report mentions that provision for taxation, including interest, amounting to ₹275.40 lacs for the quarter ended June 30, 2026, has not been made due to a proposed amalgamation under a Scheme of Arrangement, pending final approval from the National Company Law Tribunal (NCLT).
Key Highlights
- Unaudited standalone and consolidated financial results for Q1 FY27 declared.
- Board approved notice for 41st AGM and Annual Report for FY25-26.
- Limited review report issued by statutory auditors.
- Taxation provision not made due to proposed amalgamation.
- Scheme of Arrangement pending final NCLT approval.
Price Impact
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