The Board of Directors in their meeting held today have approved the appointment of Kashyap R. Mehta & Partners, Company Secretaries, Ahmedabad as Secretarial Auditors of the Company to ....
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Kush Industries Ltd reported a net loss of Rs. 4.91 lakh for FY 2025-26, slightly improved from Rs. 5.21 lakh loss in the previous year. Revenue from operations remained minimal at Rs. 0.92 lakh for the year. The company continues to operate with negative net worth—total equity stands at negative Rs. 728.93 lakh as of March 2026, indicating accumulated losses exceed share capital. Cash and cash equivalents declined significantly from Rs. 97.87 lakh to Rs. 35.91 lakh during the year. Operating cash flow was negative at Rs. 16.80 lakh. The company appointed new secretarial auditors M/s. Kashyap R. Mehta & Partners to fill a casual vacancy caused by the resignation of M/s. Nishant Pandya & Associates. Statutory auditors P S S P & Co issued an unmodified opinion on the financial statements.
The company shows persistent financial distress with negative net worth and declining cash reserves. The appointment of a new secretarial auditor mid-year due to the previous auditor's resignation adds to governance concerns. Investors should be cautious as the company may face going concern issues given negative equity and continued operating losses.