Pursuant to regulation 30 of SEBI(LODR), we wish to inform you that board of directors of company in its meeting held on 13th November,2025 considered and approved the following business: 1. ....
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Mahip Industries reported H1 FY26 revenue from operations of Rs 717.56 lacs, up sharply from Rs 19.78 lacs in H1 FY25, with total income rising to Rs 718.17 lacs. The company swung to a net profit of Rs 254.49 lacs from a loss of Rs 30.47 lacs a year ago, including a Rs 94.20 lacs positive contribution from exceptional/prior period items. However, the statutory auditor issued a qualified review opinion flagging 12 serious issues, including depreciation not being computed as per Schedule II of the Companies Act, possible violation of Sections 185 and 186 (loans and advances to individuals and other corporates without agreements), improper expense classification, GST non-compliance, and a Rs 2.99 crore pending case against SMRVA Infrastructure Projects. The company's reserves and surplus stand at negative Rs 2,684.26 lacs, fully eroding shareholders' funds to negative Rs 760.26 lacs.
Despite the headline turnaround to profitability, the qualified auditor opinion, eroded net worth, multiple Companies Act and GST compliance flags, and pending litigation make this a high-risk result for retail investors. The jump in core revenue should be viewed cautiously given the prior period was unusually small and significant accounting concerns were raised.