Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company, in their meeting ....
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The Board of Mihika Industries approved the unaudited financial results for the quarter and half year ended September 30, 2025. Revenue from operations for Q2 FY26 came in at Rs. 34.70 lacs, sharply lower than Rs. 166.11 lacs in Q1 FY26 and Rs. 633.78 lacs in Q2 FY25. For H1 FY26, revenue from operations stood at Rs. 200.81 lacs vs Rs. 641.78 lacs in the same period last year. Net profit for Q2 FY26 was Rs. 4.34 lacs (EPS Rs. 0.04), while H1 FY26 net profit was Rs. 5.75 lacs compared to Rs. 57.40 lacs in H1 FY25. The company's business is single-segment, focused on trading of agricultural products. The statutory auditor, S K Bhavsar & Co., issued a limited review report with an Emphasis of Matter flagging that trade receivables, trade payables, and loans and advances balances are pending third-party confirmation and reconciliation.
Sharp year-on-year decline in both revenue and profit signals significant weakness in the trading business and may weigh negatively on stock sentiment; the auditor's emphasis of matter on unverified receivables and advances adds a governance risk that shareholders should monitor.