MNIL has issued a revised Annual Report for FY25 with accurate financials.

The company turned profitable in FY25, posting a ₹0.05 Cr net profit on ₹7.83 Cr income, a turnaround from a ₹0.53 Cr loss on ₹0.24 Cr income last year.

Balance sheet cleanup saw ₹5.60 Cr trade payables written off and ₹5.83 Cr provisioned for receivables.

Equity strengthened via recent conversions of 72.78 lakh and 86.67 lakh warrants into shares.

The board backs increasing authorized capital to ₹60 Cr for a potential ₹50 Cr rights issue, aiming to further strengthen its financials.