Modern Threads (India) Limited — Board Meeting, 14-02-2025: Outcome of Board Meeting

The Board of Directors has approved the unaudited financial results for the quarter and nine months ending on December 31, 2024. Total income for the period was ₹19,844.19 crore, while total expenses stood at ₹19,721.70 crore, resulting in a net profit of ₹122.49 crore. However, the company has not provided for interest on cumulative redeemable preference shares, totaling ₹10,388.20 crore, as the settlement process is ongoing. The outcome reflects operational stability despite financial adjustments needed for pending liabilities.