Pursuant to Regulation 34(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Annual Report of the Company for the financial ....

MILKFOOD LIMITED 5th Floor, 91, Bhandari House, Nehru Place, New Delhi-110 019 Ph.: 01 1-26460670-4 / 26463773 E-mail : milkfoodltd@milkfoodltd.com, Website : www.milkfoodltd.com CIIN : L15201PB1973PLC003746 GST : 07AAACM5913B1ZY MFL\SCY\2026-27 27th August, 2026 The Manager (Listing) The BSE Limited 1st Floor, New Trading Ring, Rotunda Building P J Towers, Dalal Street, Fort, Mumbai-400 001 Sub: Annual Report for the financial year 2025-26 Scrip Code No.: 507621 Dear Sir/Madam, Pursuant to Regulation 34(1 )(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Annual Report of the Company for the financial year ended 31 st March, 2026. The same is being submitted for your kind information and records. Thanking you, Yours faithfully, For MILKFOOD (Rakesh Kumar Company Secretary Encl: Annual Report for FY 2025-26 Regd. Office : P.O. Bahadurgarh-147021 Distt. Patiala (Punjab) Phones : 0175-2381404/2381415 E-mail: unitpatiala@milkfoodltd.com BOARD OF DIRECTORS SUDHIRAVASTHI HARMESH MOHAN SOOD ANIL GIROTRA PREETI MATHUR NAMITA SWAIN JYOTSNA BHATNAGAR AUDITORS Madan & Associates Chartered Accountants New Delhi BANKERS State Bank of India Canara Bank REGISTERED OFFICE Bahadurgarh Distt. Patiala-147021 (Punjab) CONTENTS Page No. WORKS Bahadurgarh Directors’ Report 1 Distt. Patiala-147021 (Punjab) Corporate Governance Report 23 Auditors’ Report 36 Balance Sheet 47 HEAD OFFICE Bhandari House Statement of Profit & Loss 48 91, Nehru Place New Delhi-110 019 Cash Flow 49 Notes 52 DIRECTORS’ REPORT TO THE MEMBERS The Directors present their 53rd Annual Report together with Audited Financial Statements of the Company for the financial year ended 31st March, 2026. 1. FINANCIAL SUMMARY AND HIGHLIGHTS Rs./Lakhs Rs./Lakhs 2025-26 2024-25 Revenue from Operations & Other Income 48,459 44,964 Profit before Finance cost, Depreciation & Amortisation and Tax 7,801 2,551 Less: Finance Cost 1,376 1,083 Profit before Depreciation & Amortisation and Tax 6,425 1,468 Less: Depreciation & amortisation Expenses 716 710 Profit /(Loss) before Tax 5,709 758 Tax Expenses (credit/ (net) - Current Tax 1,202 154 - for earlier year (36) 2 - MAT Credit utilised/(recognized) 12 36 - Deferred Tax Charged/(Credit) 102 114 Total Tax Expenses/(Credit) 1,280 306 Profit /Loss for the period 4,429 452 Other Comprehensive income (13) 13 Transferred to Retained Earnings 4,416 465 2. OPERATIONS During the period under Report, the Company’s sales and other income are Rs.48,459/- lakhs and cash profit is Rs.6,425/ - lakhs as compared to last year’s figures of Rs.44,964/- lakhs and cash profit of Rs.1,468/- lakhs respectively. After depreciation and amortization, the profit for the year is Rs.5,709/- lakhs as compared to the previous year profit of Rs.758/ - lakhs respectively. 3. DIVIDEND The Board of Directors of your Company proposes to retain the profits for use in the business expansion programs. Accordingly, no dividend is recommended by the Directors. 4. CHANGE IN THE NATURE OF BUSINESS, IF ANY There was no change in the nature of the business of the Company during the financial year 2025-26. 5. FIXED DEPOSITS Your Company has not invited or accepted any fixed deposits from the public under Section 73 of the Companies Act, 2013 and the rules made thereunder during the year under review. Accordingly, no amount of principal or interest on deposits was outstanding as on date. 6. SUBSIDIARY COMPANY AND CONSOLIDATED FINANCIAL STATEMENTS During the year under review, M/s. MFL Trading Private Limited ceased to be a wholly owned subsidiary of the Company. The said subsidiary had filed an application in Form STK-2 with the Registrar of Companies on 15th October, 2025 for striking off its name from the Register of Companies. The Registrar of Companies, vide email dated 20th January, 2026, approved the application. Consequently, the name of MFL Trading Private Limited has been struck off from the Register of Companies and the Company does not have any subsidiary as on the date of this Report. Consolidated Financial Statements In view of the striking off of MFL Trading Private Limited, the Company does not have any subsidiary as on the date of this Report. Accordingly, the requirement of preparation and presentation of Consolidated Financial Statements under the provisions of the Companies Act, 2013 and the applicable Accounting Standards are not applicable for the year under review. Consequently, only the standalone financial statements of the Company are presented for the year under review. 7. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS During the financial year under review, the Company has not granted any loans, provided any guarantees, or made any investments within the meaning of Section 186 of the Companies Act, 2013. Accordingly, the disclosure requirements under the said provisions are not applicable to the Company for the period. 8. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which these financial statements relate and to the date of this Report except as stated below: Execution of an Asset Purchase Agreement During the financial year, the Company, pursuant to the approval taken from the members of the Company in their Annual General meeting held on 25th September, 2025, entered into an Asset Purchase Agreement dated 16th January, 2026, for the sale of its property/unit located at Village Agwanpur, Moradabad, Uttar Pradesh. The transaction, valued at Rs. 130 Crores (Rupees One Hundred and Thirty Crores only), includes the land, buildings, superstructures, and Plant & Machinery situated on the site. This strategic sale has been undertaken with two clear objectives: • Strengthening the balance sheet by reducing borrowings, thereby lowering interest costs and improving financial stability. • Supporting future growth by channelling part of the proceeds into business development initiatives. The Board believes this decision will enhance the Company’s financial flexibility and position it better for long-term growth and shareholder value creation. 9. DIRECTORS Retirement by Rotation Mr. Harmesh Mohan Sood (DIN: 07951620), Non-Executive Non-Independent Director, retires by rotation and, being eligible, offers himself for re-appointment. The Board recommends his re-appointment. Appointment and Regularisation of Independent Director During the year under review, Mrs. Jyotsna Bhatnagar (DIN: 11147240) was appointed as an Independent Non-Executive Director, not liable to retire by rotation, for a term of five consecutive years commencing from 12th August, 2025 and ending on 11th August, 2030. She fulfills the independence criteria prescribed under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Members, at their Annual General Meeting held on 25th September, 2025, approved and regularised the appointment of Mrs. Jyotsna Bhatnagar as an Independent Director of the Company. Re-appointment of Managing Director At the Annual General Meeting held on 25th September, 2025, members approved the re-appointment of Mr. Sudhir Avasthi as the Managing Director for a period of five years from 1st July, 2026 to 30th June, 2031 not liable to retire by rotation. Mr. Sudhir Avasthi has attained the age of seventy years on 23rd April, 2026. Completion of Tenure Mrs. Gita Bawa (DIN: 00111003), Independent Director, has completed her second consecutive five-year term on 29th May 2026. Upon completion of her tenure, she ceased to hold office as an Independent Director on the said date. The Board acknowledges the completion of her tenure and places on record its sincere appreciation for her valuable guidance and contributions. Continuing Directors • Mrs. Preeti Mathur – Non-Executive [Showing first 8,000 characters — download PDF for full document]