Quarterly Result10 Aug 2026, 08:51 pm
Modern Insulators Ltd: Unaudited Q1 FY27 Financial Results Approved
AI Summary
Modern Insulators Limited announced its unaudited standalone financial results for the quarter ended June 30, 2026, following a Board Meeting held on August 10, 2026. The company also approved the notice for its 41st Annual General Meeting and the Annual Report for FY 2025-26. A key highlight from the auditor's limited review report is the non-provision of taxation, including interest, amounting to ₹275.40 lacs for the quarter, due to a proposed amalgamation scheme pending final approval from the National Company Law Tribunal (NCLT). The company is in the process of complying with stock exchange requirements to re-approach the NCLT for the scheme's approval.
Key Highlights
- Unaudited standalone financial results for Q1 FY27 declared.
- Board approved 41st AGM notice and FY26 Annual Report.
- Taxation provision of ₹275.40 lacs not made due to proposed amalgamation.
- Amalgamation scheme approval pending NCLT and stock exchange compliance.
- Auditor's report notes potential impact of amalgamation on financial statements.
Price Impact
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