Interim report
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August 31, 2026 BSE Limited 20th Floor, P.J. Towers Dalal Street Mumbai - 400001 National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex, Bandra (E) Mumbai - 400 051 Scrip Code: 544868 Scrip Symbol: MILKYMIST Dear Sir/Madam, Subject: Outcome of the Board Meeting Pursuant to Regulation 33 and 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we hereby inform you that the Board of Directors of the Company, at its meeting held today , i.e., August 13, 2026, inter-alia, considered and approved the Unaudited Financial Results (standalone and consolidated) of the Company for the quarter ended June 30, 2026. The Financial Results and Statutory Auditor’s Limited Review Reports thereon are enclosed. The Board meeting commenced at 3:40 P.M. and concluded at 4:30 P.M. The above disclosure is also being made available on the website of the Company at https://www.milkymist.com We request to kindly take the above intimation on record. Thank You, For Milky Mist Dairy Food Limited (formerly Known as Milky Mist Dairy Food Private Limited) S Prakash Company Secretary and Compliance Officer Membership No: A22495 Encl: a/a
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VKS Aiyer & Co., Chartered Accountants Independent Auditor's Review Report on Unaudited Quarterly Standalone Financial Results of the Company for the quarter ended 30th June 2026 To the Board of Directors Milky Mist Dairy Food Limited 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Milky Mist Dairy Food Limited ('the Company') for the quarter ended 30th June 2026 ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 - "Interim Financial Reporting" as prescribed under Section 133 of the Companies Act, 2013 ("the Act") and in compliance with regulation 33 of the listing regulations and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in disclosed, or that it contains any material misstatement. No. 380, VGR Puram, Off Alagesan Road, Saibaba Colony, Coimbatore - 641 011. Phone: +91-422-2440971-3, Email: admin@vksaiyer.com to be
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VKS Aiyer & Co., Chartered Accountants Coimbatore - 641 011 Other Matters Contn. Sheet ___ _ 5. The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year and the unaudited year to date figures up to the third quarter of the financial year. Also, the figures for the. quarter ended June 30, 2025, as reported in these unaudited financial results are as derived by the management. These have not been subjected to review or audit by us since the requirement of submission of quarterly reviewed financial results became applicable on listing of equity shares of the Company, which was from the quarter ended June 30, 2026. 6. Attention is drawn to the fact that the Company was not mandatorily required to report and publish the results for the quarters ended 31st March 2026 and 30th June 2025. Comparative figures for the respective quarter ended 31st March 2026 and 30th June 2025 are the information as derived by the management which were not subject to Limited review or audit by us. Our conclusion on the Statement is not modified in respect of the above matters. Place: Coimbatore Date : 31-08-2026 For VKS Aiyer & Co Chartered Accountants ICAI Firm Registration No.000066S C S Sathyanarayanan Partner Membership No.028328 UDIN: 26028328NXUPNP6535
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Milky Mist Dairy Food Limited mil kt mist (formerly known as "Milky Mist Dairy Food Private Limited") Statement of Unaudited Standalone Financial results for the Quarter ended June 30, 2026 , in Lakhs, except EPS For the Quarter ended For the Year Ended Parttculars June 30,2026 March 31, 2026 June 30,2025 March 31, 2026 Unaudited Unaudited Unaudited Audited ( Refer Note No: 7) ( Refer Note No: 7) I Revenue from operations 97,339.04 85,440.05 67,256.24 3, 13,741.12 II Other Income 112,12 120.49 171,66 601.34 Ill Total Income (I + II) 97,451.16 85,560.54 67,427.90 3, 14,342.46 IV EXPENSES (a) Cost of materials consumed 64,909.43 53,144.63 47,909.52 2,08,563.16 (b) Purchase of stock·in·trade 2,601.34 2,276.86 1,772.72 8,165.83 (c) Changes in inventories of finished goods/Worl< (3,169.75) (318.45) (3,295.30) (5,273.60) in Progress/stock-In-trade (d) Employee benefits expense 5,349.07 5,105.49 4, 100,04 18,463.86 (e) Finance costs 2,386.73 2,727.78 3,358.51 10,557.49 (f) Depreciation and amortisation expenses 4,692.26 4, 165,33 3,876.35 16,878.28 (g} Other expenses 13,363.14 11,660.42 8,765.56 41,408.96 Total expenses (IV) 90,132.22 78,762.06 66,487.40 2, 98,763.98 V Profit before tax (Ill - IV) 7,318.94 6,798.48 940,50 15,578.48 VI Tax Expense Current Tax 1,842.03 207.44 168,54 2,760.40 MAT Credit of current year/period (595.60) (595.60) Deferred tax (968.28) 235.09 198.89 3,320.52 MAT Credit of earlier years/periods (2,456.12) (2,456.12) Earlier years 34.09 Total tax expense 873.75 (2,609, 19) 367.43 3,063.29 VII Profit for the Period/Year (V + VI) 6,445.19 9,407.67 573.07 12,515.19 VIII Other comprehensive lncome/(loss) Items that will not be reclass1ffed to P&L Remeasurement of post employment benefit 35.33 obligations 39.51 24.74 128.49 Income Tax relating to Items that wfll not be (8.89) (13.81) (8.64) (44,90) reclassified to P&L 26.44 25.70 16.10 83.59 IX Total comprehensive lncome/(Loss) for the 6,471.63 period/year (VII + VIII) 9,433.37 589.17 12,598.78 X Earnings per equity share (Face value , 21· each)*Not annualised for the Quarter (1) Basic (In 'l 1.00 1.47 0.09 1.96 (2) Olluted (In ') 0.96 1.46 0,09 1.95 0V
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Milky Mist Dairy Food Limited (formerly known as "Milky Mist Dairy Food Private Limited") Notes forming part of Unaudited Standalone Financial results for the Quarter ended 30th June 2026 1. The above standalone financial results have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors of Milky Mist Dairy Food Limited ("the Company") at their meetings held on August XX, 2026. The Statutory Auditors of the Company have carried out a limited review on the unaudited standalone financial results and issued unmodified report there on. 2. The above standalone financial results have been prepared in accordance with the Indian Accounting Standards ("Ind AS") • 34 - Interim Financial Reporting as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standard) Rules, 2015 as amended from time to time and guidelines issued by the Securities and Exchange Board of India ("SEBI") 3. During the quarter ended June 30, 2026, the Company has issued 5,43,789 Equity Shares and 2,50,00,000 Compulsorily Convertible Preference Shares (CCPS) of 'U each on a private placement basis to Jongsong Investments Pte. Ltd. ("Investor") for a primary consideration of '05, 700.00 lakhs, pursuant to a Share Subscription and Purchase Agreement dated April 23, 2026, approved by shareholders at an EGM held on April 24, 2026 and alloted to "lnvestor"on April 30, 2026. Additionally, the Promoters have transferred 89,43,903 Equity Shares to the Investor by way of secondary sale for a consideration of '1'12,500.00 lakhs on April 30, 2026. 4. Subsequent to quarter ended June 30, 2026, the Company has completed its Initial Public Offering ("IPO") comprising a Fresh Issue of 10,20, 14,622 Equity Shares of face value of 'I' 2 each at an issue price of '1'140.00 per Equity Share, aggregating to '1'1,42,800 lakhs, and an Offer for Sale of 89,28,570 Equity Shares of face value of 'I' 2 each at an issue price of '1'140.00 per Equity Share by the Promoter Selling Shareholders, aggregating to 12,500 lakhs. Pursuant to the IPO, the Equity Shares of the Company were listed on National Stock Exchange ("NSE") and Bombay stock Exchange ("SSE") on 18th August, 2026. Further, the 2,50,00,000 Compulsorily Convertible Preference Shares (CCPS) of '1'2 each as stated in Note No 3 above were converted into Equity Shares on July 22, 2026 In accordance with the terms of the investment agreement and the conversion ratio approved by the Boafd. Details of Net IPO Proceeds are as follows: Particulars Gross proceeds from the Issue to the Comoanv (Less) Offer related expenses to the extent applicable to the Fresh Issue (to be borne by our Company) Net proceeds Private Placement to Jongsong Investments Pte Ltd 35,700.00 (647.29) 35,052.71 Amount (Rs. in Lakhs) Initial Public Offering (IPO) 1,55,320.47 (9,996.75) 1,45,323.72 Total 1, 91,020.47 (10,644.04) 1,80,376.43 5. Effective April 01 2026, the Company has opted to pay tax under Section 200 of the Income Tax Act, 2025 (erstwhile Section 115BM of the Income-tax Act, 1961), at the applicable tax rate of 25.168%. Consequently, the Company has recognized current tax for the quarter ended June 30 2026 and remeasured its Deferred Tax Assets and Deferred Tax Liabilities based on the revised tax rate. The resultant impact of the change in the tax rate has been recognized in the Statement of Profit and Loss for the quarter ended 30 June 2026. 6. The Company's business activities are mainly related to processing of milk and manufacturing of milk related products, which are primarily assessed as a single reportable operating segment in accordance with Ind AS 108 • "Segment Reporting" by the management. 7. The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year and the unaudited year to date figures up to the third quarter of the financial year. Also, the figures for the quarter ended June 30, 2025, as reported in these unaudited financial results are as derived by the management. These have not been subjected to review or audit b1 the statutory auditors since the requirement of submission of quarterly reviewed financial results became applicable on listing of equity shares of the Company, which was from the quarter ended June 30, 2026. 8. As per regulation 46(2) of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, Results are available on Company's website • www.milkymist.com � fi �:,j�'.\� �-�\ ,,�,-os7 :5·, ·�"'-. @,'"'., 7/, "<� ,J:-i * For and on behalf of the Board of Directors of Milky Mist Dairy Food Limited 7, T.Sathishkumar Chairman and Managing Director DIN: 02926325
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VKS Aiyer & Co., Chartered Accountants Independent Auditor's Review Report on Unaudited Quarterly Consolidated Financial Results of the Company for the quarter ended 30th June 2026 To The Board of Directors Milky Mist Dairy Food Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Milky Mist Dairy Food Limited ('the Holding Company') and its subsidiary (the Holding Company and its subsidiary together referred to as 'the Group') for the quarter ended 30th June, 2026 ("the Statement"), being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" as prescribed under Section 133 of Companies Act, 2013 ("the Act"). Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Holding Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 'No. 380, VCR Puram, Off Alagesan Road, Saibaba Colony, Coimbatore - 641 011. Phone: +91-422-2440971-3, Email: admin@vksaiyer.com
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VKS Aiyer & Co., Chartered Accountants Coimbatore - 641 011 4. The Statement includes the results of the following entities; S.No Name of the Entity Relationship 1 Milky Mist Dairy Food Limited Parent 2 Asal Food Products Private Subsidiary Limited Contn. Sheet ___ _ % of Holding 100% 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, have not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. Other Matters 6. The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year and the unaudited year to date figures up to the third quarter of the financial year. Also, the figures for the quarter ended June 30, 2025, as reported in these unaudited financial results are as derived by the management. These have not been subjected to review or audit by us since the requirement of submission of quarterly reviewed financial results became applicable on listing of equity shares of the Company, which was from the quarter ended June 30, 2026.
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VKS Aiyer & Co., Chartered Accountants Coimbatore - 641 011 Contn. Sheet ---- 7. Attention is drawn to the fact that the Company was not mandatorily required to report and publish the results for the quarters ended 31st March 2026 and 30th June 2025. Comparative figures for the respective quarter ended 31st March 2026 and 30th June 2025 are the information as derived by the management which were not subject to Limited review or audit by us. Our conclusion on the Statement is not modified in respect of the above matters. Place: Coimbatore Date: 31-08·2026 For VKS Aiyer & Co Chartered Accountants ICAI Firm Registration No.000066S · V C S Sathyanarayanan Partner Membership No.028328 UDIN: 26028328WCYRSS7079
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ffiilk)'ffiist Milky Mist Dairy Food Limited (formerly known •• "Milky Mist Dairy Food Private Limited") Statement of Unaudited Consolidated Financial results for the Quarter ended June 30, 2026 , In Lakhs, except EPS For the Quarter ended For the Year Ended Particulars June 30,2026 March 31, 2026 June 30,2025 March 31, 2026 Unaudited Unaudited Unaudited Audited ( Refer Note No: 7) ( Refer Note No: 7) I Revenue from operations 97,344.61 84,959.19 67,809.48 3, 13,836.39 II Other Income 108.01 110.30 175.96 664.49 Ill Total income (I • II) 97,452.62 85,069.49 67,985.44 3, 14,500.88 IV EXPENSES (a) Cost of materials consumed 65,414.72 53,552.78 48,637.95 2, 10,291.(>4 (b) Purchase of stock·in·trade 1,792.56 1,363.03 1,136.57 5,317.41 (c) Changes In Inventories of finished goods/Work (3,164.61) (313.34) (3,299.41) (5,244.82) in Progress/stock-in-trade (d) Employee benefits expense 5,479.98 5,191.66 4,252.56 18,948.99 (e) Finance costs 2,399.23 2,746.07 3,375.52 10,626.44 (f) Depreciation and amortisation expenses 4,739.05 4,216.08 3,885.03 17,046.37 (g) Other expenses 13,440.96 11,735.08 8,956.01 41,665.51 Total expenses (IV) 90,101.89 78,491.36 66,944.23 2,98,651.54 V Profit before tax (Ill• IV) 7,350.73 6,578.13 1,041.21 15,849.34 VI Tax Expense Current Tax 1,851.02 165.13 190.71 2,814.00 MAT Credit or current year/period (595.60) (595.60) Deferred tax (968.19) 224.00 197.05 3,336.75 MAT Credit of earlier years/periods (2,456.12) (2,456.12) Earlier years 0.00 49.07 Total tax expense 882.83 (2,662.59) 387.76 3,148.10 VII Profit for the Year (V + VI) 6,467.90 9,240.72 653.45 12,701.24 VIII Other comprehensive lncome/(loss) Items that will not be reclassified to P&L Remeasurement of post employment benefit 37.74 43.62 27.39 137.24 obligations Income Tax relating to Items that will not be (9.50) (14.84) (9.31) (47.10) reclassified to P&L 28.24 28.78 18.08 90.M IX Total comprehensive lncome/(Loss) for the year 6,496.1◄ 9,269.50 671.53 12,791.38 (VII+ VIII) X Earnings per equity share (Face value, 21- each)"Not annualised for the Quarter (1) Basic (in 'l 1.01 1.45 0.10 1.99 (2) Diluted (In �J 0.97 1.44 0.10 1.97 (JV
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Milky Mist Dairy Food Limited (formerly known as "Milky Mist Dairy Food Private Limited") Notes forming part of Unaudited Consolidated Financial results for the Quarter ended June 30, 2026 1. The above consolidated financial results of Milky Mist Dairy F o od Limited ("the Holdin11 Company") and Its subsidiares (collectively "the Group") have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors of Milky Mist Dairy Food Limited ("the Holding Company") at their meetings held on August 31, 2026. The Statutory Auditors of the Company have carried out a limited review on the unaudited consolidated financial results and issued unmodified report there on. 2. The above consolidated financial results have been prepared in accordance with the Indian Accounting Standards ("Ind AS") • 34 • Interim Financial Reporting as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standard) Rules, 2015 as amended from time to time and guidelines Issued by the Securities and Exchange Board of India (-SEBI") 3. During the quarter ended June 30, 2026, the Holding Company has issued 5,43,789 Equity Shares and 2,50,00,000 Compulsorily Convertible Preference Shares (CCPS) of '1 each on a private placement basis to Jongson11 Investments Pte. Ltd. ("Investor') for a primary consideration of '35,700.00 lakhs, pursuant to a Share Subscription and Purchase Agreement dated April 23, 2026, approved by shareholders at an EGM held on April 24, 2026 and alloted to "lnvestor·on April 30, 2026. Additionally, the Promoters have transferred 89,43,903 Equity Shares to the Investor by way of secondary sale for a consideration of ,12,500.00 lakhs on April 30, 2026. ◄. Subsequent to quarter ended June 30, 2026, the Holdin11 Company has completed its Initial Public Offering ("IPO") comprising a Fresh Issue of 10,20, 14,622 Equity Shares of face value of, 2 each at an issue price of ,140.00 per Equity Share, aggregatina to ,1,42,800 lakhs, and an Offer for Sale of 89,28,570 Equity Shares of face value off 2 each at an Issue price of ,140.00 per Equity Share by the Promoter Selling Shareholders, anreaating to 12,500 lakhs. Pursuant to the IPO, the Equity Shares of the Holding Company were listed on National Stock Exchange ("NSE") and Bombay stock Exchanae CBSE") on 18th August, 2026. Further, the 2,50,00,000 Compulsorily Convertible Preference Shares (CCPS) of '2 each as stated in Note No 3 above were converted into Equity Shares on July 22, 2026 in accordance with the terms of the investment agreement and the conversion ratio approved by the Board. Details of Net IPO Proceeds are as follows: Particulars Gross proceeds from the Issue to the Holding Company (Less) Offer related expenses to the extent applicable to the Fresh Issue (to be borne by the Holding Company) Net proceeds Private Placement to Jongsong Investments Pte Ltd 35,700.00 (647.29) 35,052.71 Initial Public Offerina (IPO) 1,55,320.47 (9,996.75) 1,45,323.72 Amount (Rs. in Lakhs) Total 1,91,020.47 (10,644.04) 1,80,376.43 5. Effective April 1, 2026, the Holding Company has opted to pay tax under Section 200 of the Income Tax Act, 2025 (erstwhile Section 115BAA of the Income-tax Act, 1961), at the applicable tax rate of 25.168%. Consequently, the Holding Company has recognized current tax for the quarter ended June 30, 2026 and remeasured its Deferred Tax Assets and Deferred Tax Liabilities based on the revised tax rate. The resultant impact of the change In the tax rate has been recoanlzed In the Statement of Profit and Loss for the quarter ended June 30, 2026. 6. The Group·s business activities are mainly related to processing of milk and manufacturing of milk related products, which are primarily assessed as a single reportable operating segment in accordance with Ind AS 108 • -Segment Reporting· by the management. 7. The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year and the unaudited year to date figures up to the third quarter of the financial year. Also, the figures for the quarter ended June 30, 2025, as reported in these unaudited financial results are as derived by the manaaement. These have not been subjected to review or audit by the statutory auditors since the requirement of submission of quarterly reviewed financial results became applicable on listing of equity shares of the Company, which was from the quarter ended June 30, 2026. 8. As per regulation 46(2) of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, Results are available on Holding Company's website• www.m,lkymist.com For and on behalf of the Board of Directors of Milky Mist Dairy Food Limited §Vl{ athishkumar Chairman and Managing Director DIN: 02926325