With reference to the above captioned subject and pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you ....
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The Board of Mid India Industries Limited met on July 25, 2025 and approved two key items. First, the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) showed a turnaround — revenue from operations rose to ₹149.47 lakhs (up from ₹102.20 lakhs in Q1 FY25), and the company swung to a small profit of ₹2.11 lakhs compared to a loss of ₹10.81 lakhs in the same quarter last year. Basic EPS stood at ₹0.01 versus ₹(0.07) in Q1 FY25. Second, the Board appointed M/s Joshi Sahay & Company as Secretarial Auditors for a five-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval at the upcoming 34th AGM. The company continues to operate only in the trading segment. Notably, reserves remain deeply negative at ₹(2,080.25) lakhs.
For shareholders, this is a mild positive — the company returned to profitability in Q1 FY26 after losses in prior quarters, with revenue also growing year-on-year. However, the profit is very thin and reserves are significantly negative, so the operational improvement is modest. The secretarial auditor appointment is routine corporate housekeeping pending AGM approval.