Binny Ltd

Financial performance

• Revenue from operations: 6,550.86 lakh; decline vs 2024-25.
• PAT: 3,599.76 lakh; down from 4,651.91.
• Total comprehensive income: 3,624.44 lakh.
• EPS (basic): 16.13; diluted 16.13.
• Dividends: no dividend declared.

Revenue mix and JDA

• JDA revenue: 6,425.46 lakh; land sale: 125.40.
• Total revenue: 6,550.86 lakh.
• SPR JDA settled; Second Amended & Reinstated JDA executed on 6 Aug 2025.
• Osian Constructions JDA for 12.43 acres; Binny share 693 crore; 50/50 base FSI; 27/73 premium.

Capital structure and liquidity

• Equity capital: 1,115.97 lakh; total equity: 48,403.83 lakh.
• Borrowings: 5.14 lakh; current; nil non-current.
• Cash and cash equivalents: 56.23 lakh; working capital: 43,932.24 lakh.
• Adjusted net debt to equity: Nil.

Governance and management

• Board of eight directors as of 31 March 2026.
• Independent Directors Bakshi and Jamuna removed by 31 Dec 2025.
• CFO Yuvaraj appointed 01 Aug 2025; DIR-12 filed 07 Aug 2025.
• Company Secretary Sudhir Anand appointed 04 Dec 2025; resigned 05 Jan 2026.
• Secretarial Auditor: RLS & Associates appointed for five years.

Audit, risk and controls

• Statutory audit: Venkatesh & Co; remuneration ₹25 lakh.
• Basis for qualified opinion: recoverability of 2,918.05 L to RRB Energy; Ind AS 115 revenue.
• IFC: Auditor's report expresses a qualified opinion on internal controls.
• SFIO investigation ordered; SAT hearing ongoing; settlement with SEBI on MBDL.

Regulatory action and litigation

• Penalty paid to SEBI: ₹15.00 lakh (Dec 10, 2025).
• Contingent liabilities: ₹46,047.68 lakh; tax and GST matters.
• SEBI land settlement: sale deeds executed; assets transferred.
• SAT hearings ongoing; MBDL settlement fully implemented.

CSR, sustainability and disclosures

• CSR spend: ₹87.91 lakh; ₹8.00 incurred; ₹79.91 carried to Unspent CSR.
• Unspent CSR to be utilized in 2026-27.
• CSR policy and disclosures on company website.

Operational and market developments

• Single segment: sale of land and JDA-based development in India.
• BNREL became associate after 55% stake sale; BNREL holds 44.97%.
• Strategic JDA projects across North Chennai, West Chennai, and Chengalpet.

Financial results approved

• Unaudited standalone quarterly results for quarter ended 30 June 2026 approved; Limited Review Report attached.

Key appointment

• Ms Heena Khera appointed Company Secretary and Compliance Officer, effective 12 August 2026.

Auditor remarks

• Audit review contains qualified conclusion on recoverability of Rs 2,918.05 Lakhs to RRB Energy.
• Revenue recognition not in prior years for Sanklecha Infra per Ind AS 115; Rs 1,912 Lakhs receivable.
• Balance confirmations not provided; impairment not considered.

Regulatory/compliance matters

• NCLT admitted the IBC insolvency application against RRB Energy; next hearing 19 August 2026.
• SAT-related settlement affidavits filed; hearing in progress.

Other business notes

• Single segment: Real Estate.
• Revenue from Operations under JDA includes Rs 2,191.11 Lakhs.

Binny Ltd — Trading window closed from July 31, 2026 till 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2026

Meeting Details

• Board meeting set for 12 August 2026 to consider unaudited quarterly results.

Key Agenda Items

• Consider and take on record unaudited quarterly results for quarter ended June 30, 2026.

Financial results and audit

• Standalone audited results for quarter and year ended 31 March 2026 approved.
• Auditor's report with qualified opinion due to recoverability of RRB Energy advances and revenue recognition.
• Annexure shows post-qualification turnover and profit figures.
• Board to meet on 12 August 2026 to approve unaudited Q1 FY2027 results.

AGM and governance actions

• 57th AGM fixed for 7 Sep 2026 at 12:00 IST via video conferencing.
• Book closure from 5 to 7 Sep 2026 for AGM.
• Notice and proposed resolutions for FY2025-26 approved.
• Director's report, Corporate Governance Report, and MD&A for year ended 31 Mar 2026 approved.
• RLS & Associates appointed as Secretarial Auditor for 5 years, subject to AGM approval.
• P. Sriram appointed Scrutiniser for 57th AGM (FY2025-26) via remote e-voting.
• Consultant appointed to coordinate revocation of trading suspension; target Oct 31, 2026.

Regulatory/compliance and trading suspension

• Trading suspension on BSE due to non-filing of uptodate audited financials.
• Plan to revoke suspension by 31 Oct 2026 with consultant coordination.
• NCLT hearing for RRB Energy insolvency admitted; next hearing 19 Aug 2026.

Auditor qualifications and restatement details

• Independent auditor's qualifications include recoverability of 2,918.05 lakh advances to RRB Energy and non-recognition of revenue.
• Annexure shows restated figures: turnover 8,950.51 L, net profit 4,098.72 L after qualifications.
• Revenue from Sanklecha Infra to be recognised upon receipt of Rs 1,912 lakh balance.

Binny Limited — Closure of Trading Window from 17 July 2026 till 48 hours after the declaration of Audited Financial Results for the quarter/year ended on 31 March, 2026

Dematerialisation processing status

• Securities received for dematerialisation during Q2 ended 30 Jun 2026 were confirmed to depositories.
• The securities comprised in the certificates have been listed on the stock exchanges.
• Physical dematerialisation certificates were mutilated and cancelled after verification.
• Depository name substituted as registered owner within the prescribed time.