MM Rubber Company Ltd

AGM details

• AGM held on 24 September 2026; voting by remote e-voting and at the AGM.
• Corrigendum clarifies no postal ballot was used.
• Voting results and Scrutinizer’s Report enclosed; outcomes unchanged.

Director Re-appointment

• Re-appointment of Mr. Jacob Mammen as Director, continuing as Executive Director.
• Effective date: 24 September 2026.
• Reason: Retires by rotation and eligible for re-appointment.
• Brief profile: Extensive plantation industry experience; joined MM Rubber in 2006.
• Disclosure of relationships: Roy Mammen is his brother.

Overview & AGM

• 60th AGM to be held on 24 September 2026 via VC/OAVM.
• Annual report for year ended 31 March 2026 uploaded on mmfoam.com.
• Dividend for the year not declared.
• Board comprises four directors, including two independent.
• CFO Kushalappa resigned 10 June 2026; Poornima M appointed 11 June 2026.

Financial performance

• Revenue from operations: ₹40.06 crore in FY2025-26.
• Net loss after tax: ₹1.20 crore.
• Total comprehensive loss: ₹1.61 crore.
• Earnings per share: ₹-2.58 (basic and diluted).
• Profit before tax: ₹-1.72 crore.

Balance sheet & liquidity

• Borrowings total ₹100.04 million; bank ₹75.74 million; MD loan ₹17.60 million.
• Current ratio 0.79x; gearing 0.79x.
• Net cash from operating activities ₹14.46 million; financing cash outflow ₹13.69 million.
• Cash and cash equivalents ₹2.82 million; finished goods ₹10.46 million.

Capital structure & assets

• Equity share capital ₹12.46 million; total equity ₹12.61 million.
• Total assets ₹32.94 crore.
• PPE land/building revalued; OCI impact recognized; related deferred tax adjustments.

Governance & controls

• Statutory auditors: Narayan Bhat & Co; Secretarial auditor: Sharvari Kulkarni.
• Emphasis of matter: labour code implementation deferred to 2026-27; no material impact stated.
• Internal financial controls deemed adequate and operating effectively.

Related party transactions

• loan from MD Roy Mammen ₹13.95 lakh; outstanding ₹17.60 lakh.
• MD remuneration ₹6.214 million; CFO ₹1.274 million; Company Secretary ₹0.669 million.
• Outstanding balances with MD as at 31 March 2026: ₹17.60 million.

Operations & outlook

• R&D developing a patented product; samples supplied to automakers.
• Exploring collaborations with automobile and tyre manufacturers; turnover and profitability expected to improve.
• Raw material costs rising; prices increased only modestly.

Risks & liabilities

• GST and Customs disputes with uncertain outcomes; management expects favorable appellate results.
• MSME payment disclosures provided; no interest claimed from suppliers.

AGM Details & Resolutions

• 60th AGM set for 24 September 2026 at 11:00 AM via VC/OAVM.
• Register of Members and Share Transfer Books closed from 18 September to 24 September 2026.
• Ordinary Resolution 1: Adoption of Audited financial statements for year ended 31 March 2026.
• Ordinary Resolution 2: Re-appointment of retiring director Jacob Mammen.

Book closure details

• Book closure Sep 18, 2026 to Sep 24, 2026 (inclusive) for AGM record of members.

Key board approvals

• Un-Audited Q1 FY2026 results and Limited Review Report approved.
• Draft Board's Report for year ended 31 March 2026 approved.
• Ms. Sharvari Sham Kulkarni appointed Scrutinizer for AGM e-voting.
• AGM fixed for 24 September 2026 at 11:00 AM.
• Mr. Jacob Mammen appointed director, retire by rotation, eligible for reappointment.

Meeting Details

• 7 August 2026 at 11:00 AM; venue not disclosed.

Key Agenda Items

• Approve unaudited financial results for the quarter ended June 30, 2026.
• Approval of draft Board Report for year ending 31 March 2026.
• Appointment of Mr. Jacob Mammen as director retiring by rotation.
• Fix date and time for AGM via video conferencing.
• Approve draft notice convening the annual general meeting.
• Appoint Ms. Sharvari Sham Kulkarni as AGM e-voting Scrutinizer.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after results declaration.

Dematerialisation processing and listing status

• Securities received for dematerialisation were confirmed to depositories (accepted/rejected) by the Registrar and Share Transfer Agent.
• Securities dematerialised have been listed on the stock exchange where the earlier issued securities are listed.
• Physical certificates were mutilated and cancelled after verification; depository name substituted within the prescribed timeline.