M/s. J. M. Patel & Bros. is appointed as Tax Auditor of the company for Financial Year 2024-25

At a board meeting on November 12, 2025, Mishtann Foods approved (1) unaudited standalone and consolidated financial results for Q2 and H1 FY26 (ended September 30, 2025), (2) appointment of M/s. J. M. Patel & Bros. as the new Tax Auditor for FY24-25, replacing M/s. H Thakkar & Co. LLP who resigned from this role, and (3) appointment of Mr. Rajesh Chinubhai Sutaria as an Additional Non-Executive Independent Director for 5 years. On a standalone basis, Q2 revenue fell to Rs 6,911.65 lakhs (down ~15% YoY) and H1 net profit dropped to Rs 194.59 lakhs (down ~41% YoY). On a consolidated basis, H1 net profit was Rs 17,810.90 lakhs, almost entirely driven by the UAE-based subsidiary Grow and Grub Nutrients FZ-LLC (~Rs 17,616 lakhs), whose financials were not audited. The statutory auditor issued a qualified opinion on both sets of results, flagging a SEBI show-cause notice alleging fictitious sales/purchases (FY18–FY24), trade receivables of Rs 49,585 lakhs (about 97% of total assets) with no Expected Credit Loss provision, a GST demand of Rs 20,684 lakhs, unpaid tax provisions of Rs 5,228 lakhs, and a disputed income tax demand of Rs 11,744 lakhs.