The Audited (Standalone & Consolidated) Financial Results for the quarter and year ended March 31, 2026 has been attached herewith.
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Mishtann Foods Ltd reported a significant decline in standalone revenue to Rs 24,281.64 lakhs for FY 2026, down from Rs 34,841.57 lakhs in FY 2025 (approx 30% decline). Standalone net profit fell to Rs 272.52 lakhs from Rs 599.37 lakhs (approx 55% decline). The auditor issued a Qualified Opinion citing multiple serious concerns: SEBI has alleged fictitious transactions worth crores and misutilisation of Rs 4,990 lakhs in rights issue proceeds; trade receivables of Rs 59,370.57 lakhs (99% of total assets) lack impairment assessment; GST demand of Rs 20,694.38 lakhs remains unprovided; and unpaid income tax liability of Rs 5,191.83 lakhs plus disputed demand of Rs 11,744.00 lakhs exist. The auditor explicitly flagged material uncertainty about the company's ability to continue as a going concern.
This is a high-risk filing with severe red flags including regulatory fraud allegations, massive receivables that may be unrecoverable, multiple tax litigations, and auditor doubt on going concern. Shareholders should exercise extreme caution as the financial statements carry significant reliability concerns.