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- Important
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Modern Dairies Ltd — Results, 27-05-2025: Result
Ref: MDL/SECT/BSE
Date: 27
th
May, 2025
M/s. BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street,
Mumbai-400001
Sub: Outcome of the Meeting of Board of Directors
Ref: Scrip Name: Modern Dairies Ltd., Scrip Code: 519287 & ISIN: INE617B01011
Dear Sir/ Madam,
Pursuant to Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company
in its Board meeting held today i.e., Tuesday, the 27
th
May, 2025 at Chandigarh,
considered and approved the following along with other Agenda Items:
1. Annual Audited Financial Statements of the Company for the financial year
ended 31st March, 2025 alongwith Auditors’ Report thereon submitted by
Statutory Auditors of Company.
2. Audited Financial Results for the quarter and year ended 31
st
March, 2025,
Statement of Assets and Liabilities, Cash Flow Statement and Declaration in
respect of unmodified opinion on the Auditors Report alongwith Auditors
Report thereon issued by Statutory Auditor of the Company (Copy enclosed).
3. Approved the Remuneration payable to Mr. Krishan Kumar Goyal as
Chairman & Managing Director of the Company w.e.f. 01
st
April, 2025 for 5
years as per provisions of the Companies Act, 2013 and Articles of
Association of the Company, subject to approval of shareholders.
4. Re-appointed Prof. Sanjay Kaushik as Non- Executive Independent Directors
of the Company for his Second Term of 5 consecutive years to hold office till
the conclusion of the Annual General Meeting to be held in the year 2030,
subject to approval of shareholders.
5. Appointed M/s. Sanger & Associates, Practising Company Secretaries as
Secretarial Auditor of the Company for a period of 3 years to do Secretarial
Audit till the financial year ending 31
st
March, 2028, subject to approval of
shareholders.
6. Appointed M/s. K K Sinha & Associates, Firm Regd, No 100279, as Cost
Auditors of the Company to do the audit of cost records for the financial year
2025-26.
MODERN DAIRIES LIMITED
Statement
of
Audited
Financial
Results
for
the
quarter
ended
31st
March,
2025
(Amount Rs in Lacs)
Sr.
Particulars
3
months
|
Preceeding
|
Correspondin|
Current
year|
Previous
year
No.
ended
3
months
g
3
month
ended
ended
31
March
ended
ended
inthe
|
31
March
31
March
2025
31
previous
year
2025
2024
December
31
March
2024
2024
(Audited)
|
(Reviewed)
(Audited)
(Audited)
(Audited)
I
Revenue
from
operations
9,106.18
8,876.10
9,782.92
34,809.49
36,149.51
Il
|
Other
Income
22.99
7.40
34.79
82.16
54.67
Ml
Total
Income(I+ll)
9,129.17
8,883.50
9,817.71
34,891.65
36,204.18
IV.
|
EXPENSES
Cost
of
materials
consumed
7,371.33
1;328:57
7,619.17
27,518.68
28,233.15
Changes
in
inventories
of
Finished
62.55
(218.47)
(135.59)
111.19
(208.03)
goods,
Stock
in
trade
and
Work-in-
progress
Employee
benefits
expense
414.27
378.51
364.64
1,519.53
1,379.57,
Finance
costs
44.80
45.05
68.85
182.90
382.08
Depreciation/
Impairment
Loss
and
87.06
78.51
76.29
315.11
342.98
amortization
expenses
Other
expenses
1,084.21
1,075.38
1,188.30
4,265.38
4,580.90)
Total
expenses(IV)
9,064.22
8,687.55
9,181.66
33,912.79
34,710.65
V_
|
Profit/(Loss)
before
exceptional
64.95
195.95
636.05
978.86
1,493.53
items
and
tax
(III-IV)
VI
|
Exceptional
Items
Exceptional
Items
Income
-
5,631.82
.
5,631.82
2,795.51
Exceptional
Items
Exp.
(2.53)
(35.02)
(1.77)
(37.88)
(866.18)
VII
|
Profit/(Loss)
before
tax
(V-VI)
62.42
5,792.75
634.28
6,572.81
3,422.86
Vill
|Tax
Expense:
(1)
Current
Tax
-
-
-
-
-
(2)
Deffered
Tax
Ct.
723.91)
-
-
(1;723:31)
-
IX
|Profit/(Loss)
for
the
period
(VII-VIII)
1,785.73
5,792.75
634.28
8,296.12
3,422.86
X
|Other
Comprehensive
Income
Items
that
will
not
be
reclassified
to
(26.16)
-
(3.01)
(26.16)
(3.01)
profit
or
loss
Other
Comprehensive
Income
(26.16)
-
(3.01)
(26.16)
(3.01)
XI
|Total
Comprehensive
Income
for
1,759.57
§,792.75
631.27
8,269.95
3,419.85
the
period
(IX+X)
comprising
Profit/(Loss)
and
Other
comprehensive
Income
for
the
period
XII
|Paid-up
equity
share
capital
2,565.89
2,335.89
2,335.89
2,565.89
2,335.89
XIll_
|Reserves
excluding
Revaluation
-
-
-
682.23
(8,507.72)
Reserves
as
per
balance
sheet
of
previous
accounting
year
XIV_
|Earnings
per
equity
share
(for
continuing
operation)
:
(1)
Basic
24.84
32.38
14.68
(2)
Diluted
24.84
30.14
14.68
A.K.
Aggarwal
Place : Chandigarh
Date : 27.05.2025
(Executive Director)
(DIN: 00486430)
MODERN DAIRIES LIMITED
Statement
of
Audited
Assets
&
Liabilities
as
on
31st
March,
2025
(Amount Rs in Lacs)
;
As
at
As
at
rentiouines
31
Mar
2025
31
Mar
2024
ASSETS
1)
|Non-current
assets
Property,
Plant
and
Equipment
3,102.42
2,969.92
Capital
work-inprogress
42.67
126.92
Other
Intangible
assets
-
Teo
Investments
1:33
133
Other
Financial
Assets
562325
522.26
Deferred
tax
assets
(net)
17230
-
5,421.96
3,621.74
2)
|Current
assets
Inventories
PERO
Br
2,859.52
Trade
receivables
2,051.79
1,875.20
Cash
and
cash
equivalents
857.90
154.86
Other
current
assets
624.98
475.14
Asset
Held
for
Disposal
1.60
1.60
6,269.44
5,366.32
Total
Assets
11,691.40
8,988.06
EQUITY
AND
LIABILITIES
1)
|EQUITY
Equity
Share
capital
2,565.89
2,335.89
Other
Equity
1,469.73
(8,507.72)
4,035.62
(6,171.83)
LIABILITIES
2)
|Non-Current
liabilities
Financial
Liabilities
Long
Term
Borrowings
725.48
786.26
Long
Term
Provisions
150.26
129.43
875.74
915.69
3)
|Current
liabilities
Financial
Liabilities
Trade
payables
-
Total
Outstanding
dues
of:
-
Micro
enterprises
and
small
enterprises
315.82
215.03
- Creditors
other
than
Micro
enterprises
4,064.06
4,016.15
and
Small
enterprises
Other
financial
liabilities
-
6,791.01
Other
current
liabilities
1,176.43
2,084.45
Short
Term
Provisions
Wi2eonras
TA97.56
6,780.04
14,244.20
Total
Equity
and
Liabilities
11,691.40
8,988.06
Date : 27.05. fh CL
Le
A.K. Aggarwal
(Executive Director)
(DIN: 00486430)
MODERN DAIRIES LIMITED
Cash flow statement for the period ended 31st March 2025
(Amount Rs in Lacs)
For the Year ended
For the Year ended
Particulars
31 Mar 2025 31 Mar 2024
Cash flow from operating activities:
Profit/((Loss)
before
Exceptional
Item
and
Tax
952.70
1,490.52
Adjustments for:
Depreciation and amortisation 315.11 342.98
Provision for milk cess 59.06 59.06
Balances written off 0.98 0.02
Liabilities
written
back
(18.89)
(14.47)
Interest
expense
182.90
382.08
Interest
income
(9.89)
(9.65)
Employee
benefits
32.46
31.58
Profit on sale of Property, Plant and Equipment (2.16) -
Operating Profit before working capital changes 1,512.26 2,262.13
Adjustments for movement in:
advances (29.97) (Gtr
(Increase)/Decrease in inventories 126.35 (143.74)
(Increase)/Decrease in trade receivables (176.59) 17.62
(Increase)/Decrease in other current assets (154.75) 58.48
Increase/(Decrease) in long-term provisions 20.83 2.73
Increase/(Decrease) in trade payables 167.59 954.59
Increase/(Decrease) in other current liabilities 586.49 176.72
Increase/(Decrease) in short-term provisions (5.35) (417.05)
Net cash generated from operations 2,046.86 2,879.70
Taxes paid 33.94 63.84
Net cash generated from operating activities 2,012.92 2,815.86
Cash flow from investing activities :
Purchase of fixed assets (including capital work in
progress and movement in creditors for capital (362.68) (495.19)
goods)
Proceeds from sale of fixed assets 2.79 -
Interest received 9.89 9.65
Net cash used in investing activities (350.00) (485.54)
Cash flow from financing activities
Repayment of long-term borrowings (60.78) 786.26
Proceeds from short term borrowings - (77.33)
Proceeds from share warrant 787.50 -
Proceeds from Issue of share 230.00 -
Proceeds from Issue of share - Securities Premium 920.00 -
Interest/Principal paid (2,836.60) (2,907.96)
Net Cash used in financing activities (959.88) (2,199.03)
Net increase/(decrease) in cash and cash
equivalents 703.04 131.29
Cash and cash equivalents at the beginning of the
year 154.86 23.57
Cash and cash equivalents at the end of the
period 857.90 154.86
Components of cash and cash equivalents :-
Cash in hand 9.19 8.71
Balances with Scheduled Banks
In current accounts 848.71 146.15
statement: 857.90 154.86
e
c Ss
SY
annie
A.K. Aggarwal
(Executive Director)
(DIN: 00486430)
-
Notes
to
the
Financial
Results
as
on
31
.03.25
1;
The
financial
results
of
Modern
Dairies
Limited
('MDL',
'the
Company’)
for
the
quarter
31%t
March,
2025
have
been
reviewed
by
the
Audit
Committee
and
subsequently
approved
at
the
meeting
of
the
Board
of
Directors
held
on
27
of
May,
2025.
The
Financial
Results
have
been
prepared
in
accordance
with
Indian
Accounting
Standards
(Ind-AS)
as
prescribed
under
Section
133
of
the
Companies
Act
2013,
as
applicable
and
guidelines
issued
by
the
Securities
and
Exchange
Board
of
India
(SEBI).
The
Company
is
primarily
engaged
in
the
business
of
Manufacturing
of
milk
&
milk
products
which
is
a
single
primary
reportable
segment
in
accordance
with
the
requirements
of
Indian
Accounting
Standards
(Ind
AS)
—
108
on
operating
segments
as
prescribed
under
the
Companies
(Indian
Accounting
Standards)
Rules
2015.
Regarding
Milk
Cess
liability
to
Govt.
of
Haryana
under
Haryana
Murrah
Buffalo
and
other
Milch
Animal
Breed
Act,
2001
Act.
The
company
has
filed
a
Special
Leave
Petition
before
the
Hon’ble
Supreme
Court
against
the
decision
dated
28th
May,
2010
of
Punjab
&
Haryana
High
Court
regarding
levy
of
Milk
Cess
under
the
above
act.
The
SLP
was
admitted
in
the
Hon'ble
Supreme
Court
and
it
had
granted
interim
stay
in
September,
2012.
The
matter
is
pending
before
the
Hon’ble
Supreme
Court.
Ending
September
quarter
i.e.
30.09.2023,
Company
received
demand
notice
amounting
to
Rs.
512.76
Crore
and
further
received
the
recovery
notice
for
above
amount
from
the
office
of
Tehsildar,
District
Karnal.
The
company
filed
a
writ
petition
in
Hon’ble
Punjab
&
Haryana
High
Court
against
this
demand
recovery
notice
and
stay
of
recovery
proceedings.
The
Hon’ble
High
court
stayed
the
recovery
proceedings
and
instructed
the
company
to
deposit
Rs.
4
Crores
by
31.03.2024.
The
company
has
complied
and
deposited
the
due
amount
as
per
the
said
order.
The
company
had
received
the
last
demand
notice
as
on
31st
December,
2023
from
the
Govt.
of
Haryana
for
Rs.
544.31
Crores
for
Milk
Cess
along
with
compounded
Interest.
The
company
as
an
abundant
caution
has
provided
for
the
Milk
Cess
Provision
in
the
accounts
for
the
current
quarter
Rs.
15.75
Lacs,
making
total
amount
of
Rs.
21.30
Crore
as
on
31%
March
2025,
out
of
which
Rs.
5.91
Crore
and
Rs.
4.00
Crore,
total
amounting
to
Rs.
9.91
Crore
has
been
already
deposited
as
per
Hon'ble
Supreme
Court’s
&
Hon’ble
Punjab
&
Haryana
High
Court’s
orders.
The
respective
milk
cess
matters
are
pending
before
Hon’ble
Supreme
Court
&
Hon’ble
Punjab
&
Haryana
High
Court.
os
During
the
quarter
under
review,
the
company
has
allotted
86,00,000
no.
of
share
warrants
with
an
option
to
convert
into
equity
shares
as
per
SEBI
guidelines
to
the
various
promoter
entities.
The
funds
have
been
raised
for
business
purposes.
During
the
quarter
under
review,
promoter
group
has
opted
to
convert
23,00,000
of
share
warrants
into
equity
shares
of
Rs.10
each.
Equity
Shares
have
been
allotted
at
premium
of
Rs.
40
each.
The
Statutory
auditors
of
the
company
have
carried
out
audit
of
the
financial
results
for
the
quarter
and
financial
year
audit
ended
31st
March,
2025
and
have
issued
their
report.
The
audit
report
is
available
on
the
company’s
website
at
www.moderndairies.com.
Previous
year
figures
have
been
rearranged
and
regrouped
where
ever
necessary.
OAIRIES
aes
&
et SCO 98-99 \s
$ oo
BN
a>
a BS
ANDI
ENN
Independent
Auditor's
Report
on
the
Quarterly
and
Year
to
Date
Financial
Results
of
the
Company
Pursuant
to
the
Regulation
33
of
the
SEBI
(Listing
Obligations
and
Disclosure
Requirements)
Regulations,
2015
To
The
Board
of
Directors
Modern
Dairies
Limited
Opinion
We
have
audited
the
accompanying
statement
of
quarterly
and
year
to
date
standalone
financial
results
of
Modern
Dairies
Limited
(the
Company")
for
the
quarter
ended
March
3
1,
2025
and
for
the
year
ended
March
31,
2025
("Statement"),
attached
herewith,
being
submitted
by
the
Company
pursuant
to
the
requirement
of
Regulation
33
of
the
SEBI
(
Listing
Obligations
and
Disclosure
Requirements)
Regulations,
2015,
as
amended
(the
"Listing
Regulations").
In
our
opinion
and
to
the
best
of
our
information
and
according
to
the
explanations
given
to
us,
the
Statement:
i.
is
presented
in
accordance
with
the
requirements
of
the
Listing
Regulations
in
this
regard;
and
il.
gives
a
true
and
fair
view
in
conformity
with
the
applicable
Indian
Accounting
Standards
(‘Ind
AS’)
and
other
accounting
principles
generally
accepted
in
India,
of
the
net
profit
and
other
comprehensive
loss
and
other
financial
information
of
the
Company
for
the
quarter
ended
March
31,
2025
and
for
the
year
ended
March
31,
2025.
Basis For Opinion
2.
We
conducted
our
audit
in
accordance
with
the
Standards
on
Auditing
(SAs)
specified
under
section
143(10)
of
the
Companies
Act,
2013,
as
amended
("the
Act").
Our
responsibilities
under
those
Standards
are
further
described
in
the
"Auditor's
Responsibilities
for
the
Audit
of
the
Standalone
Financial
Results"
section
of
our
report.
We
are
independent
of
the
Company
in
accordance
with
the
Code
of
Ethics
issued
by
the
Institute
of
Chartered
Accountants
of
India
together
with
the
ethical
requirements
that
are
relevant
to
our
audit
of
the
financial
statements
under
the
provisions
of
the
Act
and
the
Rules
thereunder,
and
we
have
fulfilled
our
other
ethical
responsibilities
in
accordance
with
these
requirements
and
the
Code
of
Ethics.
We
believe
that
the
audit
evidence
obtained
by
us
is
sufficient
and
appropriate
to
provide
a
basis
for
our
opinion.
Management's
Responsibilities
for
the
Standalone
Financial
Results
3:
The
Statement
has
been
prepared
on
the
basis
of
the
standalone
annual
financial
statements.
The
Board
of
Directors
of
the
Company
are
responsible
for
the
preparation
and
presentation
of
the
Statement
that
gives
a
true
and
fair
view
of
the
net
profit
and
other
comprehensive
loss
of
the
Company
and
other
financial
information
in
accordance
with
the
applicable
Indian
Accounting
Standards
(‘Ind
AS’)
prescribed
under
Section
133
of
the
Act
read
with
relevant
rules
issued
thereunder
and
other
accounting
principles
generally
accepted
in
India
and
in
compliance
with
Regulation
33
of
the
Listing
Regulations.
This
responsibility
also
includes
maintenance
of
adequate
accounting
records
in
accordance
with
the
provisions
of
the
Act
for
safeguarding
of
the
assets
of
the
Company
and
for
preventing
and
detecting
frauds
and
other
irregularities;
selection
and
application
of
appropriate
accounting
policies;
making
judgments
and
estimates
that
are
reasonable
and
prudent;
and
the
design,
implementation
and
maintenance
of
adequate
internal
fin
gia
controls,
that
were
operating
effectively
for
ensuring
the
accuracy
and
completeness
of
the
accounting
0
relevant
to
the
preparation
and
presentation
of
the
Statement
that
give
a
true
and
fair
view
and
are
material
misstatement,
whether
due
to
fraud
or
error.
18
APT
&
Co.
(A
Partnership
firm)
converted
in
APT
&
Co
LLP
(A
Limited
Liability
Partnership
with
LLP
Identity
No.
LLPIN
AAL-8025)
with
evrecteom
280120
Head
Office
:
A-2/36,
Illrd
Floor,
Safdarjung
Enclave,
New
Delhi
-
110029,
India
i - i -160002
h
Office
:
Plot
No.
181/33,
Industrial
Area,
Phase-1
Chandigarh
:
eh:
daa
No.
1
(FF),
SS
Complex,
Opp.
Truck
Union,
Near
Gupta
Hospital,
Baddi-Nalagarh
Highway,
Baddi
Branches
at:
Gurugram
|
Mumbai
|
Hyderabad!
Bengaluru
|
Bahadurgarh
|
Patna
|
Ahmedabad
|
Chandigarh
|
Jammu
|
Baddi
|
Jaipur
http://aptllp.com
In
preparing
the
Statement,
the
Board
of
Directors
are
responsible
for
assessing
the
Company's
ability
to
continue
as
a
going
concern,
disclosing,
as
applicable,
matters
related
to
going
concern
and
using
the
going
concern
basis
of
accounting
unless
the
Board
of
Directors
either
intends
to
liquidate
the
Company
or
to
cease
operations,
or
has
no
realistic
alternative
but
to
do
so.
The
Board
of
Directors
are
also
responsible
for
overseeing
the
Company's
financial
reporting
process.
Auditor's
Responsibilities
for
the
Audit
of
the
Standalone
Financial
Results
4.
Our
objectives
are
to
obtain
reasonable
assurance
about
whether
the
Statement
as
a
whole
is
free
from
material
misstatement,
whether
due
to
fraud
or
error,
and
to
issue
an
auditor's
report
that
includes
our
opinion.
Reasonable
assurance
is
a
high
level
of
assurance
but
is
not
a
guarantee
that
an
audit
conducted
in
accordance
with
SAs
will
always
detect
a
material
misstatement
when
it
exists.
Misstatements
can
arise
from
fraud
or
error
and
are
considered
material
if,
individually
or
in
the
aggregate,
they
could
reasonably
be
expected
to
influence
the
economic
decisions
of
users
taken
on
the
basis
of
the
Statement.
As
part
of
an
audit
in
accordance
—
SAs,
we
exercise
professional
judgment
and
maintain
professional
skepticism
throughout
the
audit.
We
also
a.
Identify
and
assess
the
risks
of
material
misstatement
of
the
Statement,
whether
due
to
fraud
or
error,
design
and
perform
audit
procedures
responsive
to
those
risks,
and
obtain
audit
evidence
that
is
sufficient
and
appropriate
to
provide
a
basis
for
our
opinion.
The
risk
of
not
detecting
a
material
misstatement
resulting
from
fraud
is
higher
than
for
one
resulting
from
error,
as
fraud
may
involve
collusion,
forgery,
intentional
omissions,
misrepresentations,
or
the
override
of
internal
control.
b.
Obtain
an
understanding
of
internal
control
relevant
to
the
audit
in
order
to
design
audit
procedures
that
are
appropriate
in
the
circumstances.
Under
Section
143(3)(i)
of
the
Act,
we
are
also
responsible
for
expressing
our
opinion
on
whether
the
company
has
adequate
internal
financial
controls
with
reference
to
financial
statements
in
place
and
the
operating
effectiveness
of
such
controls.
c.
Evaluate
the
appropriateness
of
accounting
policies
used
and
the
reasonableness
of
accounting
estimates
and
related
disclosures
made
by
the
Board
of
Directors.
d.
Conclude
on
the
appropriateness
of
the
Board
of
Directors'
use
of
the
going
concern
basis
of
accounting
and,
based
on
the
audit
evidence
obtained,
whether
a
material
uncertainty
exists
related
to
events
or
conditions
that
may
cast
significant
doubt
on
the
Company's
ability
to
continue
as
a
going
concern.
If
we
conclude
that
a
material
uncertainty
exists,
we
are
required
to
draw
attention
in
our
auditor's
report
to
the
related
disclosures
in
the
financial
results
or,
if
such
disclosures
are
inadequate,
to
modify
our
opinion.
Our
conclusions
are
based
on
the
audit
evidence
obtained
up
to
the
date
of
our
auditor's
report.
However,
future
events
or
conditions
may
cause
the
Company
to
cease
to
continue
as
a
going
concern.
e.
Evaluate
the
overall
presentation,
structure
and
content
of
the
Statement,
including
the
disclosures,
and
whether
the
Statement
represents
the
underlying
transactions
and
events
in
a
manner
that
achieves
fair
presentation.
We
communicate
with
those
charged
with
governance
regarding,
among
other
matters,
the
planned
scope
and
timing
of
the
audit
and
significant
audit
findings,
including
any
significant
deficiencies
in
internal
control
that
we
identify
during
our
audit.
We
also
provide
those
charged
with
governance
with
a
statement
that
we
have
complied
with
relevant
ethical
requirements
regarding
independence,
and
to
communicate
with
them
all
relationships
and
other
matters
that
may
reasonably
be
thought
to
bear
on
our
independence,
and
where
applicable,
related
safeguards.
Emphasis
Of
Matter
5. One Time Settlement (OTS) with Lender
The
One-Time
Settlement
(OTS)
scheme
with
Punjab
National
Bank,
which
was
under
implementation
in
the
previous
year,
has
been
successfully
completed
during
the
current
year.
All
dues
have
been
fully
settled,
and
there
are
no
outstanding
amounts
payable
to
the
bank
as
of
the
reporting
date.
aioli
Chandigarh
Other Matter
6.
The
Statement
includes
the
results
for
the
quarter
ended
March
31,
2025
being
the
balancing
figure
between
the
audited
figures
in
respect
of
the
full
financial
year
ended
March
31,
2025
and
the
published
unaudited/
year-to-date
figures
up
to
the
third
quarter
of
the
current
financial
year,
which
were
subjected
to
a
limited
review
by
us,
as
required
under
the
Listing
Regulations.
FOR
APT
&
CO
LLP
M
NO.:
508134
DATED:
27/05/2025
PLACE:
CHANDIGARH
UDIN:
25508134BMISCS8225
MODERN DAIRIES LTD.
~¢ Corporate Office : 98 -99, Sub City Centre, Sector 34, Chandigarh - 160 022 (INDIA)
Tel. : +91 172-2609001, 2609002, Fax : +91 172-2609000
Email : info@moderndairies.com, CIN : L74899HR1992PLC032998
Dai
R
IE
Regd.
Office
&
Works
:
PB
No.
3,
136
KM,
G.T.
Road,
Karnal—
132001
(Haryana)
Ref: MDL/SECT/BSE
Date: 27 May, 2025
M/s. BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street,
Mumbai-400001
Sub:-Declaration in respect of unmodified opinion on the Auditors Report on
annual Audited Financial Results for quarter and year ended March 31, 2025
Scrip Name: MODERN DAIRIES LTD., Scrip Code: 519287 & ISIN: INE617B01011
Dear Sir,
In Pursuance of Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we hereby declare that the Statutory Auditor of the
Company, APT & CO. LLP, Chartered Accountants have issued their Audit Report with
unmodified opinion on Annual Audited Financial Results of the Company for the quarter
and year ended on March 31, 2025.
You are therefore requested to kindly take the same into your record and oblige.
Thanking you
Yours truly,
For MODERN DAIRIES LIMITED >
cr)
% Ye ee ih oo =
(Ashwani Kumar Aggarwal)
Executive Director (Whole-Time)
DIN: 00486430