MFL India Ltd — Others, 09-07-2025: Others

MFL India Limited has announced a board meeting on August 2, 2025, to review the financial results for the quarter and half-year. The company seeks shareholder approval for reappointment of a director, appointment of Ms. Priyanka Agarwal as Secretarial Auditor for five years, reclassification of Mr. Vineet Arora from promoter to public shareholder, revision of Managing Director Mr. Anil Thukral’s remuneration, approval of related party transactions with Shri Krishan Aggregates Pvt. Ltd. and Artha Logistics Pvt. Ltd. (each capped at Rs. 5 crore), and conversion of unsecured loans up to Rs. 25 Cr from existing and future loans raised from directors into equity shares within two years, interest-free for two years. The board continues to focus on strengthening its logistics operations across India, enhancing fleet capacity, and improving financial stability amid challenges in raising funds through traditional channels. The company reported a loss of Rs. 82.71 lakh for FY 2024-25 on a total income of Rs. 52.26 Cr, improving from a loss of Rs. 245.60 lakh in the prior year. Internal controls and corporate governance practices remain robust, with no dividend declared due to losses. Related party transactions are disclosed and conducted on arm’s length basis, with full details in the annual report. Shareholders are encouraged to participate electronically in the AGM.