Mrs. Jaishree Maheshwari, Company Secretary and Compliance officer of the company has been appointed as Nodal Officer for the purpose of IEPF.
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Awaiting price reaction for this filing.
Mishtann Foods reported Q1 FY26 (quarter ended June 30, 2025) results with standalone revenue of Rs 7,078.91 lakhs, down sharply from Rs 12,236.64 lakhs in the same quarter last year (~42% decline), and standalone net profit of Rs 94.21 lakhs versus Rs 125.73 lakhs YoY. On a consolidated basis, revenue rose slightly to Rs 38,605.37 lakhs and net profit grew to Rs 8,266.27 lakhs from Rs 7,130.27 lakhs, helped by subsidiary contribution. The auditor issued a qualified opinion, flagging serious concerns: a pending SEBI show cause notice alleging fictitious sales/purchases and misutilization of Rs 4,990 lakhs of rights issue proceeds; trade receivables of Rs 42,672.78 lakhs (~97% of total assets) with no expected credit loss provision; a GST demand of Rs 20,684.38 lakhs; and unpaid tax provisions of Rs 5,227.67 lakhs alongside a disputed income tax demand of Rs 11,744 lakhs. The board also appointed a new Secretarial Auditor (5-year term) and a Tax Auditor for FY24-25, and named the Company Secretary as the IEPF Nodal Officer.
The headline-grabbing number is the 97% trade receivables-to-assets ratio combined with ongoing SEBI and GST investigations, which together represent major overhangs despite the consolidated profit growth. Shareholders should treat this as a high-risk filing — the core business issues (alleged fictitious transactions, huge contingent liabilities) remain unresolved and could weigh on the stock.