Q1 FY27 results approved; independent director resigns, committees reconstituted
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.8 pts less than Nifty Microcap 250 and 3.9 pts less than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mishtann Foods Q1 FY27 standalone revenue Rs 1,831.65 lakhs, net profit Rs 49.97 lakhs. Independent Director Ms. Rainy Ramesh Singhi resigned for personal reasons effective Aug 8. Board committees reconstituted. Auditor issued qualified opinion flagging a SEBI show cause notice alleging fictitious transactions from FY 2017-18 to FY 2023-24, trade receivables of Rs 59,370 lakhs, a GST demand of Rs 20,684 lakhs, and material going concern doubt.
Qualified auditor opinion and SEBI probe on fictitious transactions raise serious going concern doubts for shareholders.